This week, we hosted23 panels on all elements of structure start-ups on the Bonus Crunch phase at TechCrunch Disrupt SF. Thanks to the thousands of attendees who attended those talks, along with the workshops we held on the Breakout Stage– your enthusiasm was palpable.
We also had numerous new EC members sign up with throughout the conference– to all of you: welcome!
This newsletter covers all of last week, and is a bit shortened thanks to Disrupt. Back to typical next week.
Where top VCs are purchasing edtech
Bonus Crunch media writer Eric Peckham talked to nearly a dozen leading investor about the state of edtech, consisting of Jennifer Carolan of Reach Capital, Aydin Senkut of Felicis Ventures, and Charles Birnbaum of Bessemer There is still a lot of enthusiasm for the space, but the theses for these investors have actually diverged quite considerably.
Marlon Nichols, Managing Partner at MaC Equity Capital(a brand-new LA-based seed fund with financial investments in Catalyte, Codeverse, and Wonderschool):
” Many education innovation companies target individual teachers, which provides a long path to substantial revenue (needs a lot of clients) while others normally try to browse the lengthy and administrative sales cycle of offering to school districts. VCs choose business that have brief sales cycles that can scale earnings rapidly so in general, edtech companies are hard financial investments for endeavor capital.
That said, education is a giant opportunity in the United States because high quality education is not evenly dispersed throughout communities or social classes. It’s a crisis. Companies that resolve this at scale are attractive if the earnings model makes good sense. That’s why I led the first round into Wonderschool, which delivers high quality education and childcare at costs relative to one’s zip code. The schools function as the teacher’s home so there isn’t a need genuine estate investment.”
Why is Dropbox transforming itself? A chat with Dropbox VP of Item Adam Nash and CTO Quentin Clark
Dropbox might be understood for its particular file storage product, however the business is adjusting and changing as it seeks new consumers and also finds out more about what “file storage” actually implies to users.