This week Mark Zuckerberg and Priscilla Chan, his wife, announced that they would be donating a large percentage of their fortune to charity over the course of their lifetimes- roughly 99% of their Facebook shares or about $45 billion. This announcement came in the days leading up to the birth of their first child and was delivered as an open letter to their daughter. They framed their announcement as part of their vision for the better world they hoped for for her in her lifetime and to many this was heralded as a generous and selfless decision. And maybe it was to a certain extent. But by putting their money into an LLC, which is what Zuckerberg and Chan have announced they are going to do, they will avoid paying a large sum of taxes on their enormous fortune. So what might the real effect of their decision be, and in particular what could it mean for the state of education in the United States?
This past week, 144 countries across the world hosted events celebrating the United Nations’ Women’s Entrepreneurship Week (WEW). Women’s Entrepreneurship Week was a week long international effort to raise awareness on issues affecting women internationally and encourage women’s entrepreneurship around the world. Some of the organized activities included celebrating the accomplishments of successful women entrepreneurs, discussing global women’s issues and educating aspiring women entrepreneurs.
The globalized economy demands cross-cultural communication for promoting cultural exchange, international business trade or political negotiation. Therefore, people nowadays pay more attention on multi-language learning. However, the problem is that there are inadequate qualified bilingual teachers to meet this rapid increasing demand. Having a good command of a certain language requires time commitment and huge amount of money investment as well. Thus a large number of education commercial companies regard language learning as a business opportunity to explore, what’s more, technology has been used in this field to bridge the gap between teachers and students as well as raise more intellectuals. Therefore, entrepreneurs began to combine technology and language learning to create innovative pedagogy. Here is the introduction of three education technology firms which concentrate on language training. Continue reading
Economic Development Board, one of departments of Singapore Ministry of Trade and Industry announced on October 29th that they have participated in series C financing of the education technology giant, Coursera. In August, Coursera has raised almost half billion dollars financing which led by New Enterprise Associates, KPCN, International Finance Corporation and Times Internet Limited. Now investment from the government of Singapore has bringing the series C funding to US$61.1 million. The amount Singapore government has invested in Coursera has not been disclosed. Including this round, Coursera’s total funding so far is around US$146.1 million. Continue reading
“Rich Lyons, dean of UC-Berkeley’s Haas School of Business, has publicly predicted that as many as half the business schools in the U.S. could shutter in as little as five years or as many as 10. How disruptive do you think this is going to be?”
— Fortune, “Colleges will survive the online education revolution”
In the past ten years, Venture Capital and Private Equity firms have gradually grow interest in internet educational companies and invested in thousands of educational startups in a global wide. As a major part of internet educational firms, online education companies make people have chance to receive education as long as they have access to Internet. Besides, online education startups not only focus on early childhood education, K12 education system, college education, also involve continuing education and vocational training.