Dive Summary:
- The rise of the education technology market has caused some experts to argue that companies need, first and foremost, to understand the responsibility they bear to those who will use their product.
- Frank Catalano, a columnist for GeekWire, argues the hype and politics surrounding the ed tech market is causing entrepreneurs to jump on the bandwagon for financial gain, rather than to improve education, which may lead to over-investment and a lack of improvement in the standard of education.
- Kyle Judah, CEO of RecoVend, states, "The biggest issue I have with some of the companies I’ve seen lately is that they think cosmetics are enough to solve problems that have plagued education for the last 200 years."
From the article:
"We’re facing a meltdown. The education bubble is about to burst. We’ve heard it all before. Yet, as we spend sleepless nights panicking over the rising cost of tuition and the resulting, dauntingly inevitable student loan debt, entrepreneurs are equating the crisis to opportunity and taking the time to innovate.
Now, a new problem is garnering attention: are too many entrepreneurs jumping on the education technology train? Could we be seeing another bubble—but in ed-tech? ..."