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The next massive trends in Education Technology

Katelyn Donnelly

Penn GSE Keynote

September 2022

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‘HISTORICAL CHANGE IS LIKE AN AVALANCHE.

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THE STARTING POINT IS A SNOW-COVERED MOUNTAINSIDE THAT LOOKS SOLID.

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ALL CHANGES TAKE PLACE UNDER THE SURFACE AND ARE RATHER INVISIBLE. BUT SOMETHING IS COMING.’

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TRILLION DOLLAR FACTS

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Technology adoption in education is now unstoppable

    • Less than 4% of $6.4 Trillion global education industry is digital

Rise of the Solo-preneur

    • Freelancers contribute $1.2 Trillion to the United States economy each year

Basic literacy and math is still a challenge

    • Low literacy costs the economy $2.2 Trillion a year

Poor ROI of Higher Education

    • There is $1.75 Trillion of outstanding student loan debt

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AN AVALANCHE IS COMING…

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‘It’s tragic because, by my reading, should we fail to radically change our approach to education, the same cohort we’re attempting to “protect” could find that their entire future is scuttled by our timidity.’

David Putnam

Speech at Massachusetts Institute of Technology, June 2012

‘This argument about unbundling needs to be studied and acted on by university leaders around the world.’

From the foreword by

Lawrence Summers

President Emeritus, Harvard University

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FACULTY

DEGREES

RESEARCH

GOVERNANCE

CURRICULUM

TEACHING/LEARNING

ASSESSMENT

EXPERIENCE

STUDENTS

UNBUNDLING OF HIGHER EDUCATION

MARCH 2013

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FIVE EDTECH AVALANCHES

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WHAT IS THE BIGGEST DIFFERENTIATOR OF SUCCESSFUL EDTECH?

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OUTCOMES MATTER

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  • Best practice learning designs mixed with technology will drive outcomes

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  • Job placements increasingly skill-based

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  • Competency-based education continues to spread

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Further Reading: Alive In The Swamp

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HOW MANY STATES HAVE ACTIVE ESA PROGRAMS?

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PARENTS ARE VOTING WITH THEIR FEET

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  • New possibilities for D2C business models

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  • Increased diversity of schooling methods

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  • Unlocks potentially billions of dollars of funding for innovative programs

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WHAT IS THE LARGEST UNIVERSITY IN THE WORLD?

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MEET DIGITAL NATIVES ONLINE

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  • Successful EdTech will mix learning science with gaming and social media

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  • Immersive reality is an important tool for content delivery

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  • We need to meet learners where they are

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HOW LONG DOES THE AVERAGE MILLENNIAL WORKER STAY IN THEIR JOB?

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LIFELONG LEARNING IS A MUST

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  • Workforce has to stay relevant to modern tools

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  • Hiring and career transitions need to be managed

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  • Learning needs to be continuous and life-embedded

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~3 years

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HOW MANY PEOPLE GLOBALLY ARE CONSIDERED CREATORS?

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EVERYONE IS AN ENTREPRENEUR

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  • The nature of work will look different including side hustles and multiple income streams

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  • Individuals will be businesses

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  • Teaching and course creation are huge part of the creator economy

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200 Million

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INVISIBLE FORCES BECOMING VISIBLE

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Parents and students are voting with their feet

Unbundling of higher education

Lifelong learning is a must

Everyone is an entrepreneur

Meet digital natives online

Learning outcomes matter

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katelyn@avalanche.vc

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@krdonnelly on Twitter

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Newsletter: Obviously The Future

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www.avalanche.vc

AVALANCHE VC

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Investing in empowerment

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DISCLAIMERS

Privileged and Confidential - Do Not Distribute // Q3 2022 // Contact: hello@avalanche.vc

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