Ah, there's definitely not an equation nor do I claim there to be an equation to VC investments. I'm just pointing out the very big discrepancy in the numbers.

Ah, there's definitely not an equation nor do I claim there to be an equation to VC investments. I'm just pointing out the very big discrepancy in the numbers. Some more facts: - Over the past three years there have been 165 private equity backed transactions within the education sector. - Aggregate deal value of these investments based on data compiled by Berkery Noyes is in excess of $35 billion. - Education was the source of 4 IPO's in the last 18 months Also, regarding your point about strong cash flows and large profit margins not existing in education: that is a myth. Two points from that same presentation: - Across various education sectors EBIT margin ranges from 15%-40%. - Negative working capital: many K-12 models for content and technology receive cash first and are transitioning to SaaS and subscription based, recurring revenue content models