Jeffrey Stevenson is a partner at Veronis Suhler Stevenson (VSS), a New York City private equity fund with a focus on media. As someone who has been involved in media for decades through his work at VSS and other New York firms, Jeffrey Stevenson has seen firsthand the dramatic changes that have come to the industry as a result of the digital revolution and rolled with all of them.
Thoughts on Education Technology (EdTech)
Recently, Jeffrey Stevenson wrote an essay concerning his observations of and thoughts about the recent state of the EdTech industry. Jeffrey Stevenson VSS points out how enormous the EdTech industry is becoming because it is defined as pretty much any software that conveys information, and it is marketed towards people of all ages. EdTech products include application programs for small children learning the alphabet, adults learning a second language and for virtually every group of learners in between. Stevenson believes that the industry will only keep expanding, and the smart investor will consider it seriously right now.
VSS Commitments
At his own firm, Stevenson and his partners are investing heavily in EdTech at the early-education level and the elementary-school level. He notes the increasing popularity of digital platforms that make it simple for teachers to customize learning strategies for their students as well as for parents, students and teachers to stay connected online.
Stevenson points out that many colleges are turning increasingly to online learning because they are trying to keep tuition levels down. This, in turn, drives the demand for EdTech software, and he is making sure that his firm has adequate investment in this area.
The future
Stevenson predicts strong growth in the EdTech sector until at least 2025. In particular, he believes that there will be dramatic growth in software that personalize curriculum and that artificial intelligence will make instruction through EdTech even more effective. When it comes to customizing, the EdTech company that gets a strong start over the competition in this area will have an enormous advantage going forward. Furthermore, domestic EdTech companies can market their products abroad.
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