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The biggest success that people usually point to in EdTech is Duolingo. They were founded in 2011 and IPO’d for about $6.5b in 2021. A big success by any measur
by chadash 2mo ago
The biggest success that people usually point to in EdTech is Duolingo. They were founded in 2011 and IPO’d for about $6.5b in 2021. A big success by any measure. But that’s the pinnacle. Compare that to DoorDash which is an $80b company, let alone the trillion $ AI labs and you’ll see why the largest VCs hardly touch the space.
- j45 2mo agoEdTech is a broad market. - K-12, Academia/Colleges/Universities, Industry/Training, Adult learning, increasingly experts teaching directly, and more. Most people aren't aware of the differentiation of the categories because they get to work inside one for the most part. The learners in each category are different. Duolingo had it's share of naysayers and doubters, but it did provide it's own take on a learning outcome. Your post does make me wonder about the existing spend in Education, and how much could/should be EdTech with today's capabilities, or even the capabilities of 10 years ago, and what looking at that with a lens like yours might show, if anything.