Betting 185 Million Dollars on EdTech

Victor Rivero, EdTech Digest, Mar 13, 2018
Commentary by Stephen Downes

I found the interviewer a bit sycophantic (not not nearly as bad as I've seen on some business channels) but the conversation as a whole with Owl Ventures’ Tory Patterson is interesting and, to a degree, eye-opening. The $185 million refers to the amount of investment capital Owl raised in its second fund offering (the first was around $100 million, in 2014). The focus, says Patterson, is on outcomes. "When we’re making these substantial bets, we want to be laser focused and absolutely certain that the companies and products and services that we’re betting on, are the ones that are delivering superior student achievement outcomes." But what are outcomes? Test scores? College admissions? Jobs? Life?

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