Summary Flashcards
Why is education considered a tough market for achieving VC scale returns?
Selling into school districts and universities is difficult and slow, and freemium models that go direct-to-teachers have struggled to monetize.
How many k-12 schools in the US?
133k as of 2016 according to NCES
How many elementary schools in US?
89k as of 2016,NCES
How many secondary schools in US?
27,000 as of 2016, NCES
How many combined schools (elementary + secondary) in the US?
16.5k
Size of Tutoring Industry
$7 billion
How many traditional public schools are there?
91k as of 2016, NCES
How many public charter schools are there?
7k as of 2016, NCES
How many private schools are there?
35k as of 2016, NCES
How many total public schools?
98k as of 2017, NCES
How many total public high schools?
21k as of 2017, NCES
How many total public junior high schools?
2.5k as of 2017, NCES
How many total public middle schools?
13k as of 2017, NCES
Middle school definition
schools that have grade spans beginning with 4, 5, or 6 and ending with 6, 7, or 8
junior high definition
schools with grades 7 and 8 or grades 7 through 9.