INSUBCONTINENT EXCLUSIVE:
For now, students are learning from home
their predictions on what is ahead once life resumes to its new normal
One investor mentioned how in March, they spent a third of their time in edtech
Another said that the sector has always been underfunded
Time will tell if venture capitalists become more bullish on the sector, and more importantly, if adoption from schools with strict budgets
becomes more lenient.A harsh statistic sums the dynamic of adoption and investment pretty well: according to Tetyana Astashkina and Jean
Hammond of Learn Launch, less than 5% of the $1.6 trillion spent on education in the United States is attributed to edtech
LearnLaunchJean Hammond, LearnLaunchMarlon Nichols, MaC Venture CapitalMercedes Bent, Lightspeed Venture PartnersJennifer Carolan, Reach
CapitalShauntel Garvey, Reach CapitalJan Lynn-Matern, Emerge EducationTory Patterson, Owl CapitalIan Chiu, Owl CapitalTony Wang, 500
StartupsTheir responses have been edited for length and clarity.
