[263] in magellan
Fwd: The Education Economy #21 September 1, 1999
daemon@ATHENA.MIT.EDU (Greg Anderson)
Thu Sep 2 08:40:41 1999
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Date: Thu, 2 Sep 1999 08:39:38 -0400
To: itlt@mit.edu, magellan@mit.edu
From: Greg Anderson <ganderso@MIT.EDU>
This is a long, but very interesting newsletter about the changing face
of education.
Greg
<excerpt>
<excerpt>
=46rom: "The Education Economy" <<EducationEconomy@pubs.eduventures.com>
Subject: The Education Economy #21 September 1, 1999
Reply-To: EducationEconomy@pubs.eduventures.com
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<bold>The Education Economy
</bold>An EduVentures Publication
Issue # 21, September 1, 1999
<italic>Must reading for leaders of the Education Industry
</italic><<http://www.eduventures.com>www.eduventures.com
<bold>*****
WWW.EDUVENTURES.COM
</bold><italic>Knowledge. Capital. Management.
</italic><bold>@
</bold><<http://www.eduventures.com/capitalchannel.htm>The Capital
Channel connects education entrepreneurs with industry investors.
Updated weekly, The Capital Channel enables investors to evaluate
investment opportunities and contact company management directly.
Education companies may review the investment criteria of private
equity firms and companies seeking investments. Charter participants
include: Arcadia Partners, Aspen Youth Services, MetaMetrics, Inc.,
Patricoff & Co. Ventures, Inc., ResCare, Smarthinking, Inc., Think
Interactive, Inc., and ThinkWave.com. Contact Rick Armbruster at
<<mailto:rarmbruster@eduventures.com>rarmbruster@eduventures.com or
617-426-5622 for more information or visit
<<http://www.eduventures.com/capitalchannel.htm>www.eduventures.com/capitalc=
hannel.htm.
<bold>@
</bold><<http://www.eduventures.com/managementsource.htm>Management
Source helps education companies attract management and individuals
build education industry careers. Management Source features more than
100 openings at education industry firms, including new listings from
J.L. Hammett, CTB/McGraw Hill, Smarthinking, Apex Online, eChalk and
LifeGuides.com. Companies in search of management talent may view the
professional biographies of an impressive range of candidates on the
<<http://www.eduventures.com/activecvs.htm>Active CVs page. Contact
Susan Bash at <<mailto:sbash@eduventures.com>sbash@eduventures.com or
617-426-5622 for more information or visit
<<www.eduventures.com/managementsource.htm>www.eduventures.com/managementsou=
rce.htm.
<bold>*****
IN FOCUS
</bold>By <<mailto:pstokes@eduventures.com>Peter Stokes
<bold><bigger>Courses, Resources & Commerce: Do You Portal?
</bigger></bold><<http://www.lightspan.com>Lightspan Partnership is
looking to put your school online. And the company is not alone. Large
and small, start-up and established, everyone it seems is launching or
planning to launch an education portal. And a bevy of investors is
lining up to help them do it.
<bold><italic>If You Build It, Will They Come?
</italic></bold><<http://www.campuspipeline.com>Campus Pipeline, a
self-described "enterprise portal" for the postsecondary market,
recently secured $25 million from Oak Investment Partners, Hambrecht &
Quist, Thomas Weisel and others [see In The News, "Campus Pipeline
Secures $25 Million in Series A Funding," below - Ed.].
<<http://www.hungryminds.com>Hungry Minds, a new online education
venture which targets the lifelong learning market and promises to
launch an "online learning portal that will revolutionize education as
it is known today," has just completed a first round of financing
totaling $11 million, with investments from Steve Barrard, former CEO
of Blockbuster, Arthur Blank, CEO of Home Depot, and others [see In The
News, "Hungry Minds Completes $11 Million in Seed-Round Funding," below
- Ed.]. Even giants such as
<<http://www.microsoft.com/education/>Microsoft are jumping into the
game, with the world's leading software developer devoting $26.6
million in software and cash to the launch of its new K-12 targeted
Classroom Teacher Network, an online resource consisting of software
tutorials, lesson plans, seminars, links and forums [see In The News,
"Microsoft Helps Teachers Start the New School Year with Skills to
Improve Learning for Kids," below - Ed.].
With a combined K-12/postsecondary market opportunity encompassing some
4 million teachers, almost 60 million students, and approximately 50
million parents, it's easy to see why companies are rushing to secure
their share of the education portal land-grab. According to Jupiter
Communications, college students alone represent $4 billion a year in
spending power. That's why firms like
<<http://www.embark.com>Embark.com (formerly CollegeEdge), which
provides online resources for students applying for college, are
partnering with firms like Iconomy.com, a provider of "private-label
Internet stores" [see In The News, "Students Outfit Dorm Rooms in Style
with Embark.com Store Powered by Iconomy.com," below - Ed.]. At the
same time, firms like <<http://www.mybytes.com>MyBytes.com,
<<http://www.jenzabar.com>Jenzabar and others are vying to integrate
their proprietary online registration and tuition payment features with
universities' in-house ERP systems to get their piece of the
postsecondary pie [see In The News, "Colleges Get Free Web Pages, But
with a Catch: Advertising," below - Ed.].
And, like one of those late-night pocket-fisherman television
commercials, it doesn't stop there. College Broadcast has just
announced a partnership with <<http://www.ecollege.com>eCollege.com,
joining its "broadband Internet portal" to the eCollege.com Learning
Channel [see In The News, "College Broadcast and eCollege.com Sign
Marketing Agreement," below - Ed.]. <<http://www.zapme.com>ZapMe!
Corporation, developer of its own "broadband interactive network," has
announced an alliance with Dell Computer Corporation to run the ZapMe!
network on Dell PCs and servers [see "ZapMe! Announces Education
Alliance with Dell," below - Ed.].
At the same time, companies such as
<<http://www.nytimes.com/learning>The New York Times Learning Network
and <<http://www.highwired.net>Highwired.Net are launching new efforts
to provide teachers with online lesson plans and web site creation
tools [see In The News, "The New York Times Learning Network Expands
Offerings For Students, Parents and Teachers of Grades 3-12" &
Highwired.Net's "Classroom Web Site Builder Provides Educators with
Easy Tool for Creating Online Projects," below - Ed.]
Add to this list <<http://www.juniornet.com>JuniorNet,
<<http://www.smarterkids.com>SmarterKids.com,
<<http://www.classroomconnect.com>Classroom Connect,
<<http://www.powerschool.com>PowerSchool, and, of course,
<<http://www.familyeducation.com>FamilyEducation.com, which Media
Metrix recently called the highest performing education site as
demonstrated by size and growth of audience, and you've still only
begun to scratch the surface of the education portal marketplace [see
In The News, "Media Metrix Data Places FamilyEducation.com as Largest
Online K-12 Community of Parents and Educators," below - Ed.]. And
don't be surprised when other well-positioned Internet powerhouses
launch education portals of their own later this year.
The question is, in a marketplace so crowded, what will separate the
serious contenders from the might-have-beens?
<bold><italic>Content and Distribution Are Key
</italic></bold>Lightspan Partnership believes it has an answer.
=46ounded in 1995, the company has been built on the premise that
technology can help kids to learn and get families more involved in
their children's education. Since that time, the company has
transformed itself from a software and hardware merchant to, what
company senior vice president & general manager of Internet services
Winnie Weschler calls, a "niche portal for K-12 education online."
Building on the success of its Achieve Now curriculum, a reading,
language and math program which has been implemented in some 2,500
schools nationwide, the company has launched in turn the Lightspan
Network (a web-based educational content and curriculum subscription
service currently in use at a reported 2,000 schools), PageOne (a free
classroom-targeted web site development toolkit that has already
brought more than 20,000 teachers into the Lightspan fold), and Local
Connect (soon to be relaunched as Your School Online, a free web site
building tool for schools).
Moving online, the company has extended its efforts to create greater
educational equity and increased access to education for all students
through the deployment of educational technology by adding content,
tools and collaborative learning opportunities to its suite of
services. To that end, the company's staff has increased to 300, more
than a third of which is devoted to getting out the word about the
company's online offerings.
Weschler, former manager of Disney.com, sees Lightspan's development as
an inevitable consequence of changes in the way children learn. "In ten
years, learning online will be as natural as textbooks are today," she
told EduVentures. "We'll succeed because we're uniquely positioned
among the educational Internet content providers, in that we're the
only one with a field force of 120 staffers that understand marketing
and distributing to schools."
With investors like Vulcan Ventures, Microsoft, Kleiner Perkins,
Arcadia Partners, Tribune and others, the company has been able to
marshal significant resources to assist it in achieving its aims.
Investors in turn have applauded the company's focus on developing
content and scaling distribution. According to a partner at Arcadia, a
leading venture capital fund focused on the education industry that has
recently invested in the company, "Lightspan was among the first to see
the market opportunity and has moved quickly and strategically to
leverage its strong distribution network and broad content library."
How the portal wars ultimately shake out remains to be seen, but
Lightspan intends to be among the victors. In the coming months, the
company will continue to refine its portal strategy through the
development of new products and services, the expansion of its
e-commerce efforts, and the forging of new partnerships for content and
distribution.
Weschler feels she has reason to believe the company is onto something
big. "When we launched PageOne this June, we thought we'd get 10,000
teachers in the first six months," Weschler said. "Instead, we've
signed up 22,000 in ten weeks. We've far exceeded our expectations and
we want to keep up that momentum."
<italic>* To learn more about Lightspan Partnership, visit
<<http://www.lightspan.com>www.lightspan.com.
</italic><bold>*****
EVENT SPOTLIGHT
Investment Opportunities in Private Education in Africa
</bold>An International Conference
Abidjan, Cote d'Ivoire, Africa
November 30-December 1, 1999
<<http://www.worldbank.org/edinvest/conference.htm>http://www.worldbank.org/=
edinvest/conference.htm
=46ollowing on the success of the World Bank Group's "Investment
Opportunities in Private Education in Developing Countries" conference
in Washington in June 1999, the World Bank Group is organizing a series
of regional conferences. The first will be held on November 30 and
December 1, 1999, in Abidjan, Cote d'Ivoire. The conference,
co-sponsored by EduVentures, will provide a forum for a select group of
private education investors and providers from Africa and around the
world to discuss the potential for private education investment.
Conference sessions will focus on: the role of private education;
criteria for assessing investments in schools and universities;
financial structuring of private school projects; student finance,
distance education, public/private partnerships; and related
educational investments. For more information, contact
<<mailto:edinvest@worldbank.org>edinvest@worldbank.org.
<bold>*****
IN THE NEWS
</bold>D e a l s
<bold>Campus Pipeline Secures $25 Million in Series A Funding</bold>
(August 16, 1999) [The provider of college online services has received
equity investments from Inktomi, Dell Computer, Jim Mattei, C.E.
Unterberg Towbin, McKinsey and others - Ed.]
<<http://www.campuspipeline.com>http://www.campuspipeline.com
<bold>Primedia Announces Sale of Supplemental Education Group to
Ripplewood Holdings</bold> (August 16, 1999) [Ripplewood purchased the
Supplemental Education Group for $415 million - Ed.]
<<http://www.primedia.com>http://www.primedia.com
<bold>ZapMe! Announces Education Alliance with Dell; Agreement Brings
Dell PCs and Servers to ZapMe!-installed Schools</bold> (August 23,
1999) [In addition to forming an alliance with the company, Dell has
made an equity investment in ZapMe! and the companies will collaborate
in product development and marketing programs - Ed.]
<<http://www.zapme.com>http://www.zapme.com
<bold>Hungry Minds Completes $11 Million in Seed-Round Funding</bold>
(August 25, 1999) [The education portal plans a September launch; the
company founder, Stuart Skorman, is the founder and former CEO of
Reel.com - Ed.]
<<http://www.hungryminds.com>http://www.hungryminds.com
<bold>Disney to Buy Biggest Stake in Online Toy Retailer</bold> (August
25, 1999) [Disney has purchased a 60% stake in Toysmart, an online
retailer of educational toys - Ed.]
<<http://www.nytimes.com>http://www.nytimes.com
<bold>Whitman Education Group, Inc. Completes Sale of Huron
University</bold> (August 30, 1999) [The provider of career-oriented
postsecondary education has contributed substantially all of the assets
and liabilities of Huron University, as well as $660,000, to a newly
formed acquiring entity - Ed.]
<<http://biz.yahoo.com/bw/990830/fl_whitman_1.html>http://biz.yahoo.com/bw/9=
90830/fl_whitman_1.html
=20
P a r t n e r s h i p s & A l l i a n c e s
<bold>College Broadcast and eCollege.com Sign Marketing Agreement; Deal
Makes it Easier for Students to Find Accredited College Courses Over
the Internet</bold> (August 16, 1999) [The company's vertical broadband
portal will feature an eCollege.com Learning Channel as a learning
resource for students - Ed.]
<<http://www.ecollege.com>http://www.ecollege.com
<bold>Students Outfit Dorm Rooms in Style with Embark.com Store Powered
by Iconomy.com; Iconomy Provides Name-Brand Products Targeted to
Students Heading Back to Campus</bold> (August 23, 1999) [Iconomy.com
will launch a student store for Embark.com - Ed.]
<<http://www.embark.com>http://www.embark.com
<bold>The University of Baltimore and Eduprise.com Pioneer Online
MBA</bold> (August 24, 1999) [Baltimore's WebMBA is an
AACSB(a)-accredited MBA program available via the Internet and will be
supported by Eduprise.com's enterprise solution - Ed.]
<<http://www.eduprise.com>http://www.eduprise.com
<bold>CollegeClub.com Partners with VarsityBooks.com</bold> (August 30,
1999) [The online community for college students and the online
bookstore have partnered to support CollegeClub's Student Savings
Center, a discount e-commerce web site - Ed.]
<<http://www.varsitybooks.com>http://www.varsitybooks.com
<bold>Asymetrix Launches Free 'Browser-based' Online Course Creation
and Publishing System on click2learn.com</bold> (August 30, 1999)
[Asymetrix will receive royalties on courses sold through the
click2learn.com network - Ed.]
<<http://www.asymetrix.com>http://www.asymetrix.com &
<<http://www.click2learn.com>http://www.click2learn.com
=20
T r e n d s & A n a l y s i s
<bold>Trade School Owner Struggles For Respect as Well as
Profits</bold> (August 24, 1999) [Analysis of Goodwin College, a degree
granting for-profit postsecondary school and the growing for-profit
postsecondary market - Ed.]
<<http://interactive.wsj.com>http://interactive.wsj.com
<bold>Upcoming QED Report Shows Continued Increase in Internet Usage in
K-12 Schools</bold> (August 26, 1999) [A QED report to be released this
month indicates that 89% of schools are "using the Internet," up from
82% last year - Ed.]
<<http://www.qeddata.com/>http://www.qeddata.com/
<bold>Colleges Get Free Web Pages, But with a Catch: Advertising;
Companies offer sites with on-line schedules and e-mail to send
marketing pitches to students</bold> (September 3, 1999) [Commentary on
the range of companies offering postsecondary institutions free web
sites and ERP-like online systems in exchange for the opportunity to
direct advertisements and e-commerce offerings to students, enabling
online service providers to harvest demographic data and track users'
surfing habits - Ed.]
<<http://www.chronicle.com>http://www.chronicle.com
=20
P u b l i c P o l i c y
<bold>Clinton Announces $100 Million For Charter Schools </bold>(August
29, 1999) [The U.S. Department of Education will distribute $100
million in grants to charter schools aiming to be "centers of
excellence;" the President is reported to have urged strong support for
charter schools - Ed.]
<<http://www.reuters.com>http://www.reuters.com
<bold>Cleveland Voucher Program Can Continue, For Some</bold> (August
29, 1999) [A federal judge has partially reversed a decision to suspend
Cleveland's school voucher program; the program will be limited to one
semester and will only apply to students who had been enrolled last
year - Ed.]
<<http://www.reuters.com>http://www.reuters.com
=20
=46 i s c a l R e s u l t s
<bold>Berlitz International Reports Results for 1999 Second
Quarter</bold> (August 13, 1999)
<<http://www.berlitz.com>http://www.berlitz.com
<bold>NCS Reports Record Results for Second Quarter Fiscal 1999</bold>
(August 18, 1999); <bold>NCS Selected by Nation's Leading Private
Manager of Public Schools; Signs $4.2M Contract to Launch, Train and
Support Software Processes for Edison Schools</bold> (August 30, 1999)
<<http://www.ncs.com>http://www.ncs.com
<bold>School Specialty Reports Fiscal 2000 First Quarter Results</bold>
(August 19, 1999)
<<http://www.schoolspecialty.com>http://www.schoolspecialty.com
<bold>Growth in Sales to Schools Leads 78% Revenue Increase For
Scientific Learning in Second Quarter</bold> (August 23, 1999)
<<http://www.scientificlearning.com>http://www.scientificlearning.com
<bold>Harcourt General Reports 23.2 Percent Increase in Third Quarter
Earnings Per Share Before Gain</bold> (August 26, 1999)
<<http://www.harcourtgeneral.com>http://www.harcourtgeneral.com
=20
O t h e r N e w s
<bold>Media Metrix Data Places FamilyEducation.com as Largest Online
K-12 Community of Parents and Educators</bold> (August 16, 1999)
<<http://www.familyeducation.com>http://www.familyeducation.com
<bold>The New York Times Learning Network Expands Offerings For
Students, Parents and Teachers of Grades 3-12</bold> (August 17, 1999)
<<http://www.nytimes.com/learning>http://www.nytimes.com/learning
<bold>Classroom Web Site Builder Provides Educators with Easy Tool for
Creating Online Projects; Free Web site tool allows educators to
self-publish classroom activities</bold> (August 19, 1999)
<<http://www.highwired.net>http://www.highwired.net
<bold>Microsoft Helps Teachers Start the New School Year with Skills to
Improve Learning for Kids; Microsoft Launches Classroom Teacher Network
and Boosts Technology Training For Teachers</bold> (August 24, 1999)
<<http://www.microsoft.com/education/>http://www.microsoft.com/education/
<bold>*****
IN QUOTES
</bold><italic>"We're partners with the schools. We're not just turning
something on and hoping everyone will come visit it."</italic> -
<bold>Chad Muir</bold>, one of Campus Pipeline's three CEOs, in
"Colleges Get Free Web Pages, But with a Catch: Advertising" (September
3, 1999)
<<http://www.chronicle.com>http://www.chronicle.com
<bold>*****
EVENT SPOTLIGHT
EdNET 99: The Educational Technology and Telecommunications Markets
Conference
</bold>The Westin Seattle, Seattle, WA
September 28-October 1, 1999
<<http://HellerReports.com/ednet99/>HellerReports.com/ednet99/
<italic>* To secure your <bold>EduVentures $70 discount</bold> when
registering, forward this copy of The Education Economy, along with
your name and address, to ednet@hellerreports.com, or fax a printed
copy of the first page of The Education Economy to The HellerReports at
847-674-2882 with your name and address printed at the top, to confirm
your eligibility. You may then deduct $70 from the registration price
when paying by check or credit card. Register online at
<<http://HellerReports.com/ednet99/regform.html>HellerReports.com/ednet99/re=
gform.html.
</italic>Now in its 11th year, EdNET is regarded as one of the
education industry's most valuable annual events. Presented by The
HellerReports and EduVentures LLC, EdNET 99 promises to offer leading
industry and education executives the opportunity to learn about the
latest trends and drivers in the educational technology and
telecommunications marketplace.
<bold>*****
INDUSTRY EVENTS
</bold>A selection of upcoming education industry events.
<bold>ASTD TechKnowledge
</bold>Minneapolis, MN
September 14-17
<<http://www.astd.org>http://www.astd.org
<bold>The 4th Annual Education Industry Finance & Investment Institute
</bold>Boston, MA
September 16-17, 1999
<<http://www.fulcruminfo.com:80/fulcruminfo/conference.asp?sku=3D90905R&mscs=
sid=3DTSUPNM9G4VSH2J0A0022B36EFFT33E11>http://www.fulcruminfo.com
<italic>* Please reference Priority Code EDV when registering or
requesting additional information.
</italic><bold>4th Annual Education Leaders Council Conference
</bold>Orlando, FL
September 17-18, 1999
<<http://edreform.com/elc/>http://edreform.com/elc/
<bold>The Fundamentals of School Marketing
</bold>Haddam, CT
September 23, 1999
Write to <<mailto:school.market@snet.net>school.market@snet.net for
more information
<bold>The Canadian Education Industry Summit
</bold>Toronto, Ontario
October 6, 1999
<<http://www.nationalpost.com/npsearch.asp>http://www.nationalpost.com/npsea=
rch.asp
Search: CEIS
<bold>17th International Conference on Technology and Education
</bold>Tampa, Florida
October 10-13, 1999
<<http://www.icte.org>http://www.icte.org
<bold>Online Learning '99
</bold>Los Angeles, CA
October 17-20, 1999
<<http://www.lakewoodconferences.com>http://www.lakewoodconferences.com
<bold>EDUCAUSE '99: Celebrating New Beginnings
</bold>Long Beach, California
October 26-29, 1999
<<http://www.educause.edu/conference/annual.html>http://www.educause.edu/con=
ference/annual.html
<bold>NSSEA 83rd Annual Fall Tradeshow & Education Conference
</bold>Orlando, FL
November 4-6, 1999
<<http://www.nssea.org/83rdfall.html>http://www.nssea.org/83rdfall.html
<bold>TELELEARNING '99: Wizardry and Wisdom: Connecting the History and
the Future of Online Education
</bold>Montreal, Quebec
November 6-9, 1999
<<http://www.telelearn.ca/conference>http://www.telelearn.ca/conference
<bold>13th Annual Technology + Learning Conference
</bold>Dallas, TX
November 10-13, 1999
<<http://www.nsba.org/T+L>http://www.nsba.org/T+L
<bold>Silver Anniversary (25th) Annual Conference of the Alliance for
CME
</bold>New Orleans, LA
January 19-22, 2000
<<http://www.acme-assn.org>http://www.acme-assn.org
<bold>Beyond School Hours III: From Research to Reality
</bold>Houston, TX
=46ebruary 6-9, 2000
<<http://www.foundations-inc.org>http://www.foundations-inc.org
<bold>CoSN "K-12 School Networking" Conference
</bold>Washington, D.C.
=46ebruary 22-24, 2000
<<http://www.cosn.org>http://www.cosn.org
<bold>The World Education Market
</bold>Vancouver, British Columbia, Canada
May 24-27, 2000
<<http://www.reedmidemorg.com/>http://www.reedmidemorg.com/
<bold>NECC 2000: Connecting @ the Crossroads
</bold>Atlanta, GA
June 26-28, 2000
<<http://www.neccsite.org>http://www.neccsite.org
<bold>*****
TO RECEIVE THE EDUCATION ECONOMY
</bold>The Education Economy is read by leading education company
executives, investors, academics, policy experts and education leaders
around the globe, in North America, Europe, the Middle East, Africa,
Asia, the Pacific Rim, and Latin America. To subscribe to The Education
Economy, register online at the foot of our homepage at
<<http://www.eduventures.com>www.eduventures.com. Please indicate if
you prefer to receive the newsletter in HTML format.
<bold>*****
ABOUT EDUVENTURES
</bold>EduVentures LLC is the leading provider of information and
advisory services to the education industry. Since 1993, the company
has been developing an in-depth knowledge of the operating
environments, key success factors, and growth potential of each sector
of the industry, as well as a distinct and unique source of deal flow.
Our products and services are designed to provide you with access to
the knowledge, capital, and management resources that are critical to
your growth and success. To learn more about our products and services,
visit our web site at
<<http://www.eduventures.com/products&services.htm>www.eduventures.com/produ=
cts&services.htm.
<bold>*****
Copyright =A9 EduVentures LLC 1999
</bold>All rights reserved. Proprietary information: may not be
distributed or reproduced electronically or in print without written
permission from EduVentures LLC. EduVentures can be reached at 20 Park
Plaza, Suite 833, Boston, MA 02116, Tel. 617-426-5622, Fax
617-426-5431, <<http://www.eduventures.com>www.eduventures.com.
=20
=20
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</excerpt>
Woodie Flowers
Pappalardo Professor of Mechanical Engineering
flowers@mit.edu
http://me.mit.edu/people/flowers.html
</excerpt><<<<<<<<
