{"id":84502,"date":"2022-12-14T15:28:20","date_gmt":"2022-12-14T20:28:20","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=84502"},"modified":"2022-12-15T10:10:09","modified_gmt":"2022-12-15T15:10:09","slug":"edtechs-brightest-are-struggling-to-pass-mascarenhas","status":"publish","type":"post","link":"http:\/\/danielschristian.com\/learning-ecosystems\/2022\/12\/14\/edtechs-brightest-are-struggling-to-pass-mascarenhas\/","title":{"rendered":"Edtech\u2019s brightest are struggling to pass [Mascarenhas]"},"content":{"rendered":"<p><a href=\"https:\/\/techcrunch.com\/2022\/12\/10\/some-of-edtech-boldest-are-struggling\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Edtech\u2019s brightest are struggling to pass<\/strong> <\/a>&#8212; from techcrunch.com by Natasha Mascarenhas<\/p>\n<p><em>Excerpts:<\/em><\/p>\n<p style=\"padding-left: 40px;\">In the last quarter of 2022, edtech layoffs have hit venture-backed businesses including but not limited to BloomTech,\u00a0Vedantu, Teachmint, Reforge, Coursera, Unacademy, Byju\u2019s, Udacity and Brainly. Executive shifts include\u00a0Quizlet CEO stepping down, Degreed\u2019s CEO stepping aside for\u00a0the founder\u2019s return, and Invact Metaversity\u2019s co-founder leaving after irreconcilable differences with his co-founder.<\/p>\n<p style=\"padding-left: 40px;\">Class, an edtech company that neared unicorn status\u00a0only 10 months after launching its Zoom\u00a0School alternative, also conducted layoffs this year. The company raised a total of $146 million in known venture funding to date, including a SoftBank Vision Fund II check. CEO and founder Michael Chasen did not respond to a request for comment<\/p>\n<blockquote><p><span style=\"color: #ff6600;\"><strong>The e-mail sent to staff was even more direct. \u201cThe truth is the layoffs in our sector are widespread for a reason,\u201d Amir Nathoo, the co-founder of edtech unicorn Outschool, wrote in an\u00a0email sent to staff. \u201cThe funding atmosphere has been dramatically impacted by the anticipation of a recession, higher interest rates and an increased need to show [return on investment] to investors.\u201d<\/strong><\/span><\/p><\/blockquote>\n<p><span style=\"color: #800000;\"><em>Addendum on 12\/15\/22 &#8212; and focuses on India:<\/em><\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.entrepreneur.com\/en-in\/news-and-trends\/will-edtech-see-a-paradigm-shift-in-2023\/441135\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Will Edtech See a Paradigm Shift In 2023?<\/strong><\/a> &#8212; from entrepreneur.com by S. Shanthi<br \/>\n<em>Higher education, phygital models, vernacular learning, re-skilling, up-skilling are some of the trends that are expected to stay attractive<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Edtech\u2019s brightest are struggling to pass &#8212; from techcrunch.com by Natasha Mascarenhas Excerpts: In the last quarter of 2022, edtech layoffs have hit venture-backed businesses including but not limited to BloomTech,\u00a0Vedantu, Teachmint, Reforge, Coursera, Unacademy, Byju\u2019s, Udacity and Brainly. Executive shifts include\u00a0Quizlet CEO stepping down, Degreed\u2019s CEO stepping aside for\u00a0the founder\u2019s return, and Invact Metaversity\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[387,32,458,321,367,299],"tags":[],"class_list":["post-84502","post","type-post","status-publish","format-standard","hentry","category-business","category-education-technology","category-india","category-united-states","category-vendors","category-workplace"],"_links":{"self":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/84502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=84502"}],"version-history":[{"count":3,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/84502\/revisions"}],"predecessor-version":[{"id":84521,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/84502\/revisions\/84521"}],"wp:attachment":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=84502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=84502"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=84502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}