We understand that the coronavirus has brought unprecedented attention to the edtech market, and now what? What occurs when schools are no longer climbing toward an overnight solution? When the surges slow? When our world resumes and there does not need to be a full-suite of at-home solutions for kids and parents?
As the next wave of edtech companies are being built to address these novel use cases, financiers are trying to find solutions that aren’t just pandemic-era crucial. To some, that suggests skipping the current videoconferencing platform play and maybe cutting a check to a digital-only university. To others, it suggests trying to find the platform that will educate a varied series of users,
specifically the jobless. A spree of current consolidation within the market shows that there is a requirement for a better pipes system in the fragmented world of edtech.
We turned to eight investors in the space to understand which subcategories are forming up to be the future, acting on our very first survey last fall when the world was really different, and another in early April when less was understood about the pandemic. Our objective here was to find non-obvious ways development is living within the noisier-than-ever sector. The result? Intel on nascent patterns, deal makers, and what adaption appears like in the middle of a time of uncertainty.
Today you’ll get a deep dive on the unpopular stuff from the following investors:
- Reach Capital’s Jennifer Carolan, Shauntel Garvey, and Chian Gong
- Ian Chiu, Owl Ventures
- Jan Lynn-Matern, Emerge Education
- David Eichler, TCV
- Rebecca Kaden, USV
- Jomayra Herrera, Cowboy VC
Investors varied on which subcategories benefitted the most, however it’s clear that the pandemic didn’t lift up the whole of the edtech area. One investor kept in mind that the pandemic made them even less thinking about ISAs, while other venture capitalists noted how valuable the funding instrument is now, more than ever in the past.
We entered a few of the huge styles that have actually increased in the previous couple of months: online learning, re-skilling, ISAs, virtual universities, and where each investor draws their line around these classifications.
A common theme throughout the commentary now is that the chance presented by coronavirus is not being consulted with complacency, however rather a push to grow much better. Financiers discussed innovation needs to represent childcare, cost, digital infrastructure, and the addressable population, pandemic or not.
I think that suffices teasing. Now, onto the responses.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.