At the end By 2020, I argued that EdTech needs to think big to remain relevant in the aftermath of the epidemic. I urged the founders to think less about how to reduce the lecture experience, and more about how to replace old systems and methods with new, technology-driven solutions. In other words, don’t simply put engaging content on a screen, but track what you see on that screen, and innovate it for offers.
A few months in 2021, the outside environment in edtech … seems to be doing exactly that. The same startups that hit billions and multi-billion valuations during the epidemic are searching for new talent to broaden their service offerings.
Reuben HarrisThe founder of Career Karma, a platform that matches professionals aspiring to bootcamps, recently put together a huge report to talk with their team about the impact of the epidemic on the bootcamp market.
James Gallagher, the author of the report, told me:
It is important to note that the full potential of the bootcamp has not yet been realized. We are now seeing more exploration of niches like technology sales, providing a gateway to new careers in tech for people who might not otherwise be able to receive training. To enhance such a model, new businesses would need venture capital.
He explained how a notable acquisition from 2020 was K12 Galvanize Scooping, “which will give K12 the corporate training and coding bootcamp space that is currently the market beyond K12’s focus.”
To me this report indicates two things: Financial interest in boot camps does not stem from other bootcamps (although this is happening), but it is a surprise partnership. Excluding this sub-inspector, we see creative acquisitions such as Robox for Editech, which buys a language learning tool, and a startup known for scooping for a tech tuition service.
Readers should know by this point that I love a disobedient takeover (except when it almost happened), so if you have any further suggestions about deals coming to EdTech, please indicate me or Direct message to me on twitter.
I end with this: Successful startup founders are instinctively ambitious, seek opportunities in the moons and assure others that Odds are on their side. However, the ceiling that defines ambition grows almost everyday. What used to be a win is now an unattainable one, and an achievement is only an achievement until your contestant hits the exact same milestone.
Acquisition is a way to scoop competition and synergy talent, but it is what happens next.
In the rest of this newspaper, we will talk about the club house competitors about how a homegrown experiment became one of the fastest growing companies in fitness tech and a cool-down in the public markets (!). As always, you can get this newspaper in your inbox every Saturday morning, so subscribe here to join the cool kids.
The club house can make billions in value, but cannot occupy any of it
Remember when everyone was buzzing about the creation of stories? This is an epidemic. Several companies recently announced plans to build their own versions of the clubhouse, as the buzzy app revealed a consumer love for audio.
Here’s what you know: It can be easy to guess who is not building a clubhouse clone at this point. Our predictions are already starting, but jokes aside, the increase in clones could mean that the clubhouse may have to make a run for its pre-monetized funds (cough, cough, Twitter spaces) is. It does not matter whether a startup is unlocking an important insight for the first time or not, all that matters is who performs the best of that critical insight.
A strong unicorn, really
The fitness tech startup, Tonle, became a unicorn this week after raising a new installment of the capital.
Here’s what you know: The new situation underscores the growth of the market for in-house fitness solutions. And while we don’t have tonal S-1, we have tonal EC-1. The EC-1 is ClearTips’s crack on an S-1, and is essentially a deep dive into a company.
Initial public o… .no
You might have had a better week than Compass, Deliveroo and Kalatura. The three companies had separate programs that depicted potential losses on the part of public markets.
Here’s what you know: Compass cut its shares and lowered the pricing of the said shares, Delaware made its debut as a delivery company in the public markets, and Cultura postponed its IPO after not meeting valuation expectations gave.
In other news, however:
ClearTips Thank you to everyone who tuned in at the early stage! If you enjoyed this event (or missed it), don’t worry: the disruption is almost here.
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