improving education without risk

I have just finished reading an article in TechCrunch entitled “Education Technology is a global opportunity” and it leaves me with many more questions than answers.

It is an interesting article … and yes of course there is opportunity. But can investment funding alone be said to be improving education in the 21st Century?

Having been actively involved in the electronic education and online learning market for 20 years, this humble writer predicts that the vast majority of funds invested in the West, is unlikely to be successful in meaningfully improving education. I also predict that 80%+ of those new education startups will fail as rapidly as the majority of educational software companies failed in the 1990’s.