u/michaelnovati replied ·
One of the challenges in the EdTech industry is there is a frenzy to incorporate AI and all the investors are about AI... but the EdTech industry doesn't attract the best of the best product people and engineers the way that OpenAI, Google, Meta hire in droves and pay $1M a year.
Sure there are good engineers in EdTech, high potential engineers maybe too, but not the best of the best who have the experience of building and scaling products.
Why?
There are no/few EdTech companies that have gone past $10B and a lot of those larger don't have the growth rate or margins to attract those top talent and pay them competitively.
So the best people generally don't go to these companies.
But the market is one of the largest in the world, trillions so people keep trying and keep getting funding.
Without trying we're not going to make progress... it's just hard to experiment with people paying $20K like you might know Instagram, and it takes incredibly strong product experience and skill to push the envelope while offering a valuable product.
Anyways, mini rant haha.