Eight ideas that shape how we invest.

Education spend is among the most durable categories in the economy. It compounds through cycles because the cost of falling behind — to a student, a workforce, a country — is higher than the cost of investing.

K12 alone touches 13,000+ districts, each with their own purchasing process. Higher ed and workforce are equally splintered. Fragmentation is the opportunity: it rewards focus, relationships, and operating discipline.

The strongest education companies blend technology with the human work of implementation, training, and change management. Pure software underserves the buyer; pure services don't scale. The convergence is where lasting businesses live.

AI will change how teachers prepare, how students practice, and how administrators run schools. It will not replace the human relationships at the center of learning. The winning products will respect that.

The gap between what schools produce and what employers need is widening. Certification, upskilling, and continuing education are no longer adjacent — they are central to the education economy.

Schools and universities run on aging back-office systems. Modernization here is unglamorous, durable, and often the highest-ROI investment a district or institution can make.

Engagement has declined measurably across age groups. The products that re-engage students — through agency, relevance, and craft — will define the next decade of learning.

Technology should expand what teachers and learners are capable of. The businesses we back treat educators as partners, not obstacles to be automated around.