Perception matters - my admittedly unscientific feel is that there's more due diligence being done (which is a good thing, good lord), which also means less dum

Perception matters - my admittedly unscientific feel is that there's more due diligence being done (which is a good thing, good lord), which also means less dumb money flowing around to companies that have no merit. Ed-tech I think is in a similar space, though not because of any particular scandal. More careful investors are good for the economy overall, but still represents reduced hiring demand from the previously irrationally frothy peak.