Edtech is booming, but a short while ago, many companies in the two categories were struggling to break through as mainstream gives. Now, it seems like everyone is clamoring to get into the next seed-stage startup that has the word “remote learning” on its About page.
And so begins the normal cycle that occurs when a area gets overheated — boom, failure and a imagine. While we’re still in the early days of edtech’s revitalization, it isn’t a gold mine all around the world. Today, in the spirit of balance and history, I’ll present three bearish goes I’ve heard on edtech’s future.
Quizlet’s CEO Matthew Glotzbach was of the view that when students going to go to school, information and communication technologies that “sticks” during this time of big experimentation might not be bountiful.
“I think the dividing line there will be there are fellowships that have been around, that are a little more entrenched, and have good business runway and can probably survive this cycle, ” he said. “They have credibility and will probably get picked[ by institutions ]. ” The newer companies, he said, might get stuck with approval because they are at a high degree of risk, and might be giving out free permissions beyond their financial runway right now.
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