e-Literate

Present is Prologue

Tag: Michael Moe

  • We’re from the Valley and We’re Here to Help

    The other week I had the pleasure of attending the annual GSV Advisors Education Innovation Summit in Scottsdale. For those who aren’t aware, the main purpose of the event is to help ed tech startups and investors find each other. After last year’s summit, I wrote a post called “What Are Ed Tech Entrepreneurs Good For?“, the main lessons of which could equally apply to this year:

    • The main stage speakers generally tilted to the right, ideologically (although there was a visible effort to achieve more balance this year). But by and large, that didn’t matter, since the important work of the conference was generally driven by what ed tech startups were available for funding.
    • Many of the ed tech entrepreneurs have good intentions but varying degrees of knowledge about the theory and pragmatics of education.
    • The degree to which ed tech entrepreneurs need that knowledge varies widely depending on the specifics of what problems they are trying to solve with their offerings.
    • The success or failure of these startups are often heavily influenced by the market conditions, which means that we should be thinking about things like improving institutional purchasing practices if we want more from our vendorsThe main difference this year was that the conference was roughly twice the size of last year’s.

    I’ll have more to say about the dynamism and/or frothiness of the ed tech startup market in a future post. For now, I want to focus on that continuing disconnect between what happens on the main stage of the conference and what happens in the rest of it, because I think there is a lost opportunity. (more…)

  • More Venture Capital for Higher Education: $10.75 million for rSmart

    On August 16 rSmart Group Inc. announced securing funding from Asahi Net Inc., GSV Capital Corp., and private investors. GSV investment advisor Michael Moe expressed confidence in the firm saying “rSmart is helping universities realize lower total cost of ownership and higher quality products that are easy to use. Most importantly, rSmart’s customers are becoming part of a sustainable, collaborative movement using solutions built by higher education for higher education. GSV wants to be part of this movement, and rSmart is the company to make it happen.”

    rSmart is a more mature and experienced company than the 26 others who presented at the “sold out” April “Education Innovation Summit.” GSV Advisors and Arizona State University hosted the third annual Summit with presentations on innovation and by new companies seeking to enter the education market. (Presentations are available here; rSmart’s presentation is available here and here). rSmart has participated in the Kuali and Sakai open source software initiatives to meet the needs of colleges and universities. Moe lists open source as a major trend in education. rSmart also has had an international presence teaming with Asahi Net Inc. and its U.S. subsidiary in cloud services. rSmart Chairman John Robinson is a visionary with 35 years experience with innovative higher education software technology. rSmart is one of the first to contribute to software architecture that spans both administration and learning using current software design techniques and technology—a goal of the Kuali Foundation.

    (more…)