The managing partner of VSS, Jeffrey Stevenson, recently shared his thoughts on educational technology and its potential. He’s a private equity investor based in New York City. One of the sectors he invests in is educational technology.
He wrote that educational technology, or EdTech, has enormous reach. This sector involves everything that transfers information. Thei includes everything from teaching mathematics to mobile learning apps. One of the things that makes this sector attractive to Jeffrey Stevenson is that it targets many types of audiences. This includes children in grade school, college students, and retired people trying to expand their knowledge.
He says his private equity firm VSS is committed to EdTech. His focus is on targeting services for younger people. His company invested in the Cambium Learning Group, which creates content for PreK-12 students. He also invested in award winning firm VKidz Holdings. This company creates content for homeschooled and elementary students and their parents. This is an online company that uses a subscription model.
Jeffrey Stevenson says he and his team have begun to understand that public education reforms are the cause of a dramatic increase in demand for EdTech’s online educational services. Since 2000, there has been an 84% increase in investment in public education systems. While one would expect a commensurate rise in educational performance, that hasn’t been the case. Instead, much of the increase has gone to school buildings and teaching staff, so educational performance hasn’t seen much of an increase.
He wrote that the increasing cost of college tuition in New York and elsewhere is also driving demand for EdTech. Universities are increasingly offering online educational courses. Jeffrey Stevenson has noted an increase in demand for these types of courses. These courses require specialized apps that can deliver new forms of learning.
He wrote that the EdTech sector will have $8 trillion in investments by 2025. The focus of this investing will be on creating new formats of learning, such as artificial intelligence and AR/VR. Services from this sector will also be more personalized so that students can learn in the way that suits them best.
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