Investing in your own disruption — from edcetera.rafter.com by Kirsten Winkler
Excerpt:
What do you do when you realize that the business you have been building over the past decades, if not centuries, is toast? Well, you can entrench yourself and fight the last battle, trying to squeeze as much as possible out of what is left, or simply call it a wrap and move on.
Publisher Macmillan seems to have chosen the latter. PandoDaily published an interesting post about Macmillan New Ventures, a $100 million (or more) fund led by former Questia Media CEO Troy Williams. The task: invest in education technology startups that will eventually disrupt the publishing industry.