The explosion last year in venture funding for education technology—more than $1.87 billion invested—wasn’t strictly earmarked for K-12 classrooms, colleges and universities.
A fast-growing portion of ed-tech investments is squarely focused on corporate cyberlearning applications as businesses struggle to fill skills gaps and retain talent. As one vivid illustration, consider the $1.5 billion paid by LinkedIn to acquire Lynda.com, a venerable subscription-based online learning company in business for two decades.
Wrote LinkedIn CEO Jeff Weiner, in a blog post justifying the deal:
“I believe we need to transition from a 20th century approach heavily reliant on rote learning to a 21st century curriculum focused on collaboration, critical reasoning and creative problem solving; provide more opportunities for experiential vs. textbook learning; better equip teachers to cater to multiple forms of intelligence vs. simply focusing on math and verbal skills; ensure compassion is taught in every classroom; and provide…
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