DOCSLIB.ORG

American Revolution 2.0

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
American Revolution 2.0 American Revolution 2.0 How Education Innovation is Going to Revitalize America and Transform the U.S. Economy July 4, 2012 Michael T. Moe, CFA Matthew P. Hanson, CFA Li Jiang Luben Pampoulov 1 In collaboration with GSV Advisors Deborah Quazzo Michael Cohn Jason Horne Patrick Shelton Special Advisor Michael Horn, Innosight Institute Contributor Sara Leslie Contributor Candlestick Research We would also like to honor and celebrate the lives of Stephen Covey (1932-2012), an educator and author whose work has influenced millions around the world and Sally Ride (1951-2012), a professor and the youngest and first female American astronaut to ever be launched into space. We thank the pioneers who paved the path and serve as an inspiration for all of us. For additional information, please contact Michael Moe, Deborah Quazzo or Matthew Hanson. Contact Email Phone Michael Moe [email protected] 650-294-4780 Assistant: Debbie Elsen [email protected] 650-294-4784 Deborah Quazzo [email protected] 312-397-0070 Assistant: Kerry Rodeghero [email protected] 312-397-0071 Matthew Hanson [email protected] 312-339-4967 A co-author of this paper, Mr. Michael Moe, is a partner of GSV Asset Management, LLC (“GSVAM”), an investment adviser registered with the US Securities Exchange Commission, and the Chief Executive Officer of GSV Capital, Inc., (“GSVC”) a publicly traded Business Development Company for which GSVAM acts as the investment advisor. This paper contains case study information about education and related technology companies, including certain companies in which GSVC has invested. The information contained herein provides only general and summary information regarding any such companies, and contains no material non-public information. This paper is not an offer, a recommendation, or a solicitation to buy or sell securities. 2 TABLE OF CONTENTS - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Knowledge Troops - Learning by Numbers 7 Battle Budget - Market Size and Growth Rates 8 Shock and Awe 9 Our Best Days Are Behind Us? 16 The First American Revolution 28 How We Got Here 32 First Shot Fired: A Nation at Risk 41 30 Years Later: A Nation at Even Greater Risk 42 First Wave 42 The Momentum Builds 45 Modern Weaponry 52 Time to Fight 60 The Time is Now 61 The Tidal Wave Comes Ashore: Confluence of Catalysts 61 We Just Need to Imagine 66 Kaizen...Education Style 69 Return on Education (ROE) 71 Knowledge as a Currency (KNAAC) 73 Riding the Megatrends 79 Globalization 80 Internet 82 Mobile 84 Network Effects 86 Free and Freemium 89 Social 91 3 Scaled Delivery 99 Adaptive / Personalization 99 Brands 100 Big Data 101 Cloud 102 Digitization 103 Platform 104 Outsourcing 108 Open Source 109 No Labels 110 Brain Science 111 Weapons of Mass Education – Investment Themes 114 Just For Me 116 1 + 1 = 3 117 The New American Prep School 119 Platform EDU 122 The New Free Ride 124 Knowledge Communities 128 Smart Content 129 Tower of Babel 132 Investing in The Revolution - The 4 Ps Framework 136 People – Follow the Leaders 137 Product – What’s the Claim to Fame? 141 Potential – How Big Could this Become? 143 Predictability – How Visible is the Growth? 145 Education Market Snapshot 150 Capital Markets Dynamics 156 Pre-K Market 176 4 Confluence of Catalysts 176 Family Structures and Education Mismatch 178 Preschool Programs for Children of Working Parents 180 K-12 Market 190 Confluence of Catalysts 190 Education: The New Civil Rights Issue 192 Politicians Are Getting Involved 196 New York, Florida, West Virginia, and New Orleans Lead the Way 198 Education Spending is Having Little Positive Effect on Achievement 202 Homeschooling and Charter Schools 207 Re-Imagining the School Calendar 216 Teachers in the Trenches 221 An Industrial Model for Education 223 Teach for America: a Case Study in Human Capital 225 Schools Are Wired In 227 K-12 System with Individualized Learning 230 Post-Secondary Market 234 Confluence of Catalysts 234 Higher-Ed Snapshot 235 Fighting an Entrenched Status Quo: Higher Education 244 Tuition Far Outpacing Inflation 248 Lifelong Learning Market 262 Confluence of Catalysts 262 Knowledge Economy 263 Mismatch Between Demand for Workers and Supply of Skilled Labor 274 We Are Losing Our Future Technology Leaders 277 Me.Edu 279 Meet Students Where They Are 282 5 American Revolution 2.0 286 Good News, Bad News 286 Educators’ Bootcamp 287 Strategic Battle Plan 287 A New Beginning 293 The Declaration of Independence 295 Appendix 298 Counting It All Up 298 The United States of Education 299 Public Company Directory 308 Supplemental Market Data 310 Supplemental K-12 Data 318 Supplemental Postsecondary Data 325 6 Knowledge Troops - Learning by Numbers United States ‣ 77 million students are enrolled in school, which represents 27% of total population ‣ 20 million are enrolled in postsecondary education ‣ 49 million are enrolled in public PreK-12 ‣ 6 million are enrolled in private PreK-12 ‣ Over 2 million enrolled in charter schools ‣ 7.2 million total teachers, with about 1.7 million in postsecondary ‣ 98,817 public schools and 17,916 total school districts ‣ 33,366 private schools ‣ 5,600 charter schools and 180 virtual charter schools ‣ 6.1 million students took at least one online course Around the World ‣ 655 million students in primary school ‣ 781 million students in secondary school ‣ 608 million students in higher education ‣ 78 million teachers in the world ‣ 26% of the world’s population is under the age of 15 ‣ Top 5 languages in the world, total speakers: 1. Mandarin Chinese: 1.3 billion 2. English: 1.0 billion 3. Spanish: 500 million 4. Hindi: 490 million 5. Arabic: 255 million 7 Battle Budget - Market Size and Growth Rates1 ($ in billions) Knowledge Industry Market Size Market Size Market Size 2012-2017 (2012) (2015) (2017) Growth (CAGR) United States Market Size US Education Expenditure $1,432.1 $1,651.3 $1,805.5 5% Government Spending on Education $941.0 $1,085.4 $1,184.5 5% K-12 $687.7 $788.7 $853.1 4% Postsecondary $535.2 $622.1 $688.5 5% International Students $18.2 $20.5 $24.1 6% Executive MBA $18.9 $19.8 $20.4 2% Corporate & Govt. Learning $133.3 $149.9 $162.2 4% eLearning $32.5 $49.1 $65.6 15% K-12 eLearning $5.4 $9.3 $13.4 20% Higher Ed eLearning $17.4 $28.6 $39.8 18% Corporate eLearning $9.6 $11.2 $12.3 5% For-Profit Postsecondary $30.8 $40.9 $49.5 10% Postsecondary LMS $1.2 $2.4 $3.2 15% Pre-K and Child Care $65.0 $77.4 $87.0 6% Test Prep / Tutoring / Counseling $11.0 $13.1 $14.7 6% Instructional Materials Market (K-12) $20.1 $23.9 $26.9 6% Higher Education Instruction Materials $8.0 $9.5 $10.7 6% Global Market Size Global Education Expenditure $4,450.9 $5,508.7 $6,372.5 7% K-12 $2,227.0 $2,625 $2,930.3 6% Postsecondary $1,495.2 $1,883.5 $2,196.9 8% Corporate & Govt. Learning $356.6 $449.3 $524.0 8% eLearning $90.9 $166.5 $255.5 23% K-12 eLearning $16.6 $39.0 $69.0 33% Higher Ed eLearning $48.8 $95.4 $149.0 25% Corporate eLearning $25.5 $32.1 $37.5 8% For-Profit Postsecondary $96.1 $146.1 $193.2 15% SIS, Finance, Administrative $8.7 $10.3 $11.6 6% Postsecondary LMS $3.5 $1.9 $2.3 10% Social Learning / Communities $1.0 $2.9 $5.6 40% Pre-K and Child Care $200.0 $266.2 $322.1 10% Edu Gaming $2.0 $4.4 $7.4 30% Global Language Learning $115.0 $198.7 $286.2 20% Global English Language Learning $63.3 $123.6 $193.2 25% Test Prep / Tutoring / Counseling $54.0 $78.2 $100.0 13% For-Profit* $590.9 $952.2 $1,311.0 17% *For-Profit: our recommendation is to remove the labels of “for-profit” and “not-for-profit” in education; however, we use them in this context to discuss traditional categorizations for market sizing purposes. 1 GSV Advisors and Candlestick Research, 2012. 8 Shock and Awe United States PreK-12 Education to College Readiness • In 4th grade, American students scored above the international average in mathematics. By 8th grade, they dropped below the international average, and by 12th grade, they only outscored South Africa and Cyprus. • By age 4, there is an 18-month academic gap between an impoverished child and his wealthier peers. • 4 out of 100 kindergarteners entering KIPP Ascend in Chicago in 2010 were able to recognize numbers or letters. By the end of the school year, 94% were reading at a 1st grade level or higher. • 6 out of 10 low-income fourth graders in the U.S. cannot do math at grade level. • Pre-Katrina, 35% of students in New Orleans Public Schools were performing at grade level. In 2011, that number was 56%. • Before Katrina, 22% of New Orleans Public Schools were “academically acceptable”. In 2011, 51% were, and that’s expected to reach 92% by 2016. • In 2009, 99% of public school parents in New Orleans believed that school choice was important. • In 2010, over 90% of New Orleans Public School students were in charter schools. • In 1970, 10% of California’s budget went to higher education and 3% to prisons. In 2010, 11% went to prisons and 8% to higher education. • Only 25% of high school graduates in 2011 met all 4 ACT college-readiness benchmarks. 41% of graduating Asians and 4% of African-Americans met all 4 benchmarks. • In 2011, only 1 of 4 graduating seniors were prepared for college coursework.
Load more

Recommended publications
  • Graham Holdings Company 2014 Annual Report
    GRAHAM HOLDINGS 2014 ANNUAL REPORT REVENUE BY PRINCIPAL OPERATIONS n EDUCATION 61% n CABLE 23% n TELEVISION BROADCASTING 10% n OTHER BUSINESSES 6% FINANCIAL HIGHLIGHTS (in thousands, except per share amounts) 2014 2013 Change Operating revenues $ 3,535,166 $ 3,407,911 4% Income from operations $ 407,932 $ 319,169 28% Net income attributable to common shares $ 1,292,996 $ 236,010 — Diluted earnings per common share from continuing operations $ 138.88 $ 23.36 — Diluted earnings per common share $ 195.03 $ 32.05 — Dividends per common share $ 10.20 $ — — Common stockholders’ equity per share $ 541.54 $ 446.73 21% Diluted average number of common shares outstanding 6,559 7,333 –11% INCOME FROM NET INCOME ATTRIBUTABLE OPERATING REVENUES OPERATIONS TO COMMON SHARES ($ in millions) ($ in millions) ($ in millions) 3,861 582 1,293 3,453 3,535 3,373 3,408 408 314 319 149 277 236 116 131 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 RETURN ON DILUTED EARNINGS PER AVERAGE COMMON COMMON SHARE FROM DILUTED EARNINGS STOCKHOLDERS’ EQUITY* CONTINUING OPERATIONS PER COMMON SHARE ($) ($) 46.6% 138.88 195.03 38.16 9.8% 9.0% 23.36 31.04 32.05 5.2% 17.32 4.4% 14.70 17.39 6.40 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 * Computed on a comparable basis, excluding the impact of the adjustment for pensions and other postretirement plans on average common stockholders’ equity. 2014 ANNUAL REPORT 1 To OUR SHAREHOLDERS Quite a lot happened in 2014.
    [Show full text]
  • Innovation and Change During a Global Pandemic INTRODUCTION
    THE LAUDER GLOBAL BUSINESS INSIGHT REPORT | 2021 Innovation and Change During a Global Pandemic INTRODUCTION THE LAUDER GLOBAL BUSINESS INSIGHT REPORT 2021 Innovation and Change During a Global Pandemic The global coronavirus pandemic has left nothing unchanged. From the mundane activities of daily life to the lofty, long-term goals of governments, the outbreak has altered plans for everyone and everything in its path. The students at the Joseph H. Lauder Institute for Management & International Studies have not been immune to the disruption. For years, this report has been the result of months of work from students who immerse themselves in an intensive course in their program of concentration, then follow up with field study that takes them to various parts of the world. But the pandemic halted travel and pushed classes online. And the students, much like the nations and people they studied, learned to rise to the challenge. Without the option of field study, the students conducted interviews via phone and video with experts and sources who described what they could not witness for themselves. Without a physical classroom, they used every digital tool available to collaborate on their articles, learning to work together in the new normal created by the disease. Their efforts reflect a microcosm that is being repeated in grand scale around the world. Across Latin America, entrepreneurs quickly realized that the seismic shift to online shopping during the pandemic presented unique opportunities to grow their businesses. In India, the economic devastation wrought by the pandemic is reshaping the automotive and public transportation industries in the world’s second-most populous nation.
    [Show full text]
  • SPRING 2014 SPELMAN Messenger
    Stacey Dougan, C’98, Raw Vegan Chef ALSO INSIDE: 2013 Reunion THE ALUMNAE MAGAZINE OF SPELMAN COLLEGE VOLUME 124 NUMBER 1 SPRING 2014 SPELMAN Messenger EDITOR All submissions should be sent to: Jo Moore Stewart Spelman Messenger Office of Alumnae Affairs ASSOCIATE EDITOR 350 Spelman Lane, S.W., Box 304 Joyce Davis Atlanta, GA 30314 COPY EDITOR OR Janet M. Barstow [email protected] Submission Deadlines: GRAPHIC DESIGNER Garon Hart Spring Semester: January 1 – May 31 Fall Semester: June 1 – December 31 ALUMNAE DATA MANAGER ALUMNAE NOTES Alyson Dorsey, C’2002 Alumnae Notes is dedicated to the following: EDITORIAL ADVISORY COMMITTEE • Education Eloise A. Alexis, C’86 • Personal (birth of a child or marriage) Tomika DePriest, C’89 • Professional Kassandra Kimbriel Jolley Please include the date of the event in your Sharon E. Owens, C’76 submission. TAKE NOTE! WRITERS S.A. Reid Take Note! is dedicated to the following Lorraine Robertson alumnae achievements: TaRessa Stovall • Published Angela Brown Terrell • Appearing in films, television or on stage • Special awards, recognition and appointments PHOTOGRAPHERS Please include the date of the event in your J.D. Scott submission. Spelman Archives Julie Yarbrough, C’91 BOOK NOTES Book Notes is dedicated to alumnae authors. Please submit review copies. The Spelman Messenger is published twice a year IN MEMORIAM by Spelman College, 350 Spelman Lane, S.W., We honor our Spelman sisters. If you receive Atlanta, Georgia 30314-4399, free of charge notice of the death of a Spelman sister, please for alumnae, donors, trustees and friends of contact the Office of Alumnae Affairs at the College.
    [Show full text]
  • Fellowship, Spring 2018
    feThe Newsletterll of the Woodrowow Wilson National Fellowshipsh Foundationip SPRING 2018 New Fellowship Program Focusing on Excellence in Teaching xceptional teaching has the ability to change the lives of Estudents from elementary school through college—bringing subjects alive and opening doors to new understandings and life- long interests. At the university level, teaching plays a central role in students’ path to graduation and life success. In an effort to support rising postsecondary education “stars” who love teaching, demonstrate excellence as educators, and are making their mark as exceptional researchers, poised to shape their fields, the Woodrow Wilson National Fellowship Foundation is administering a new Fellowship program through the support of the online learning library Course Hero. The Course Hero-Woodrow Wilson Fellowship for Excellence in Teaching is designed for scholars working toward tenure. Conceived as a “genius grant,” the Fellowship supports the importance of balancing scholarly excellence and outstanding undergraduate teaching practices. “Course Hero-WW Fellows will be the emerging heroes in their Neil Garg is a professor of organic fields,” Course Hero CEO and Co-Founder Andrew Grauer said. chemistry at UCLA and a Course “Educators are regularly recognized for their research and Hero Master Teacher. publications but not nearly as frequently or to the same extent for their classroom teaching. Being an exceptional educator requires more than being the leading research mind; it also requires a “The Woodrow Wilson Foundation was built on a commitment unique ability to engage, inspire, and build student confidence and to provide educators with the encouragement, supports, and mastery. The selected Fellows will be up and coming academics guidance to succeed in the academy,” said Stephanie J.
    [Show full text]
  • Fellowship: the Newsletter of the Woodrow Wilson National
    NON-PROFIT ORGANIZATION U.S. POSTAGE PAID P.O. Box 5281 PRINCETON, NJ Princeton, NJ 08543-5281 FEFALL 2011 LLOWTHE NEWSLETTER OF THESHIP WOODROW WILSON NATIONAL FELLOWSHIP FOUNDATION PERMIT #315 INSIDE WW SPEARHEADS INNOVATIVE TEACHING THE WOODROW WILSON PARTNERSHIP IN DETROIT TEACHING FELLOWSHIP WW Ohio Teaching Fellowship Expands . .3 Teaching Fellows Receive Early Accolades . .4 WW Hosts Second Teaching Fellows’ Convening . .5 The Game Changers . .5 Salamishah Tillet MN ’99, CEF ’10: The Arts: Weapon of Change, Tool of Healing . .6 DIGITAL INTELLECTUALS Edward Tenner WF ’65 . .7 Alycia Meriweather of DPS guides discussion at a late August session with new mentors and the WKKF-WW Michigan Teaching Alice Dreger CN ’94 . .8 Fellows in Detroit. Photo: Woodrow Wilson Foundation JOIN A VIRTUAL COMMUNITY OF FELLOWS BOOK SPOTLIGHT . .10 “ o matter what university you’re from,” says clinical placement,” says Constance K. Bond, the Follow the Woodrow Wilson Foundation Online! Rachel Brownstein WF ’58 NAlycia Meriweather, “you’re part of this De- Foundation’s Vice President for Teaching Fellowships. “It would be a distraction that none of us could afford, Stephanie Coontz WF ’66 troit project. I have to feel comfortable that you’re working with my kids. I have to see the evidence of or manage. o make the most of the remarkable network of Woodrow Wilson Fellows, the Foun- Carol Gilligan WF ’58 your effectiveness. If Fellows from one campus fail, Tdation has expanded its online presence. Please come join our virtual community. “Beyond that, Detroit really needs these teachers—every Mary Beth Norton WF ’64 everyone fails—and we cannot afford to fail.” The Woodrow Wilson Foundation has Facebook pages for both the Foundation as a whole one of them—to be fully prepared to make a significant impact in some challenging classrooms,” Dr.
    [Show full text]
  • Michael Stephen Peachey
    MICHAEL STEPHEN PEACHEY San Mateo, CA www.peachey.com . [email protected] . 415-786-7322 SUMMARY • User experIence advocate, product vIsIonary, executIve producer, and Internet technologIst wIth 15+ years of proven experIence building and leading cross-functional experience desIgn, product management, and engineerIng teams for enterprIse software products and mobIle and web end-user applIcatIons. • SenIor manager wIth P&L responsIbIlIty and a Total QualIty Management focus. • LeadershIp success wIth both start-up and enterprIse-grade teams. PROFESSIONAL EXPERIENCE SUMO LOGIC – ENTERPRISE SAAS, REDWOOD CITY, CA 2015 – PRESENT Business-to-developer cloud log management and analytics software. Vice President, Product Experience 01/2015 - present Built and led global user experience design and development team of 22. Redesigned processes and tools to enable Product and Engineering team success. Led HR and culture development projects. • Recruited and hired top desIgn and UI development talent to focus on cloud-based enterprIse software desIgn problems, successfully onboarding 15 candidates from 16 offers presented In 2015. • Championed a culture of mutual DesIgn and Development accountabilIty, reducIng effort, rework, and cycle times. • StandardIzed desIgn patterns to reduce desIgn rework, delIver a consIstent user experIence, and Increase development velocIty. • Re-engineered UI development processes and re-archItected GUI from Backbone to Angular and MaterIal, signIfIcantly Increasing output per developer and reducing design and dev rework. • Pivoted tech pubs from a homegrown Madcap Flair to Mindtouch, a modern SaaS platform integrated with CX touchpoints In Community, Support and Onboarding, and added capabIlItIes for user tracking and feedback analytics, and SEO optImIzatIon. • Gave voIce to CTO and Product teams though prototypIng of Ideas before desIgn and ImplementatIon, greatly acceleratIng consensus on product dIrectIon before engineerIng kickoff.
    [Show full text]
  • Blog Title Blog URL Blog Owner Blog Category Technorati Rank
    Technorati Bloglines BlogPulse Wikio SEOmoz’s Blog Title Blog URL Blog Owner Blog Category Rank Rank Rank Rank Trifecta Blog Score Engadget http://www.engadget.com Time Warner Inc. Technology/Gadgets 4 3 6 2 78 19.23 Boing Boing http://www.boingboing.net Happy Mutants LLC Technology/Marketing 5 6 15 4 89 33.71 TechCrunch http://www.techcrunch.com TechCrunch Inc. Technology/News 2 27 2 1 76 42.11 Lifehacker http://lifehacker.com Gawker Media Technology/Gadgets 6 21 9 7 78 55.13 Official Google Blog http://googleblog.blogspot.com Google Inc. Technology/Corporate 14 10 3 38 94 69.15 Gizmodo http://www.gizmodo.com/ Gawker Media Technology/News 3 79 4 3 65 136.92 ReadWriteWeb http://www.readwriteweb.com RWW Network Technology/Marketing 9 56 21 5 64 142.19 Mashable http://mashable.com Mashable Inc. Technology/Marketing 10 65 36 6 73 160.27 Daily Kos http://dailykos.com/ Kos Media, LLC Politics 12 59 8 24 63 163.49 NYTimes: The Caucus http://thecaucus.blogs.nytimes.com The New York Times Company Politics 27 >100 31 8 93 179.57 Kotaku http://kotaku.com Gawker Media Technology/Video Games 19 >100 19 28 77 216.88 Smashing Magazine http://www.smashingmagazine.com Smashing Magazine Technology/Web Production 11 >100 40 18 60 283.33 Seth Godin's Blog http://sethgodin.typepad.com Seth Godin Technology/Marketing 15 68 >100 29 75 284 Gawker http://www.gawker.com/ Gawker Media Entertainment News 16 >100 >100 15 81 287.65 Crooks and Liars http://www.crooksandliars.com John Amato Politics 49 >100 33 22 67 305.97 TMZ http://www.tmz.com Time Warner Inc.
    [Show full text]
  • Edutainment Case Study
    What in the World Happened to Carmen Sandiego? The Edutainment Era: Debunking Myths and Sharing Lessons Learned Carly Shuler The Joan Ganz Cooney Center at Sesame Workshop Fall 2012 1 © The Joan Ganz Cooney Center 2012. All rights reserved. The mission of the Joan Ganz Cooney Center at Sesame Workshop is to harness digital media teChnologies to advanCe Children’s learning. The Center supports aCtion researCh, enCourages partnerships to ConneCt Child development experts and educators with interactive media and teChnology leaders, and mobilizes publiC and private investment in promising and proven new media teChnologies for Children. For more information, visit www.joanganzCooneyCenter.org. The Joan Ganz Cooney Center has a deep Commitment toward dissemination of useful and timely researCh. Working Closely with our Cooney Fellows, national advisors, media sCholars, and praCtitioners, the Center publishes industry, poliCy, and researCh briefs examining key issues in the field of digital media and learning. No part of this publiCation may be reproduCed or transmitted in any form or by any means, eleCtroniC or meChaniCal, inCluding photoCopy, or any information storage and retrieval system, without permission from the Joan Ganz Cooney Center at Sesame Workshop. For permission to reproduCe exCerpts from this report, please ContaCt: Attn: PubliCations Department, The Joan Ganz Cooney Center at Sesame Workshop One Lincoln Plaza New York, NY 10023 p: 212 595 3456 f: 212 875 7308 [email protected] Suggested Citation: Shuler, C. (2012). Where in the World is Carmen Sandiego? The Edutainment Era: Debunking Myths and Sharing Lessons Learned. New York: The Joan Ganz Cooney Center at Sesame Workshop.
    [Show full text]
  • A Directory of Leading Companies Partnering with Colleges and Universities for Strategic and Financial Impact
    P3•EDU 100 1 1 0 0 2018 100 A Directory of Leading Companies Partnering with Colleges and Universities for Strategic and Financial Impact 2018 2 P3•EDU 100 Hosted by Innovation and Public-Private Partnership in Higher Education • April 3-4, 2018 This directory has been developed in conjunction with P3•EDU: Innovation and Public-Private Partnership in Higher Education an event hosted by George Mason University and co-produced by George Mason University and Alpha Education. www.p3edu.com For questions and more information, please email [email protected] Acknowledgements Arnaud Ghelfi,founder, l’atelier Starno Brad Noyes, Executive Vice About George Mason University President, Brailsford & Dunlavey George Mason University is Virginia’s largest public research Kathy Charlton, Advisor, Alpha university. Located near Washington, D.C., Mason enrolls 36,000 Education students from 130 countries and all 50 states. Mason has grown rapidly over the past half-century and is recognized for its innovation Orion Fulton, Associate and entrepreneurship, remarkable diversity, and commitment to Principal, Arup accessibility. Learn more at www.gmu.edu. Dr. Rahul Choudaha, Executive Vice President of Global About Alpha Education Engagement, Research & Intelligence, StudyPortals Alpha Education provides strategic corporate development and advisory services for higher education institutions. Founded in 2011, Stephen Pelletier, Editorial the firm helps colleges & universities responsibly and effectively Consultant explore a wide range of private sector partnership opportunities. For Trace Urdan, Managing more information, please visit www.alpha-education.com or contact us Director, Tyton Partners at [email protected]. P3•EDU 100 3 Table of Contents About This Directory ........................................................
    [Show full text]
  • UBS 45Th Annual Global & Media Communications Conference
    UBS Global Media & Communications Conference New York City December 5, 2017 Remarks by Timothy J. O’Shaughnessy President and Chief Executive Officer I’d like to begin by taking a brief walk down memory lane. It’s been a little over three years since I joined Graham Holdings and just over two years since I became CEO. When I started, Don and the rest of the GHC Board of Directors gave me broad latitude to move the company forward. The mandate we created for my first several years at the Company was three-fold: 1) Constantly evaluate the broadcast and cable landscapes to make sure we can effectively compete in the ecosystem in a long-term, value optimizing way; 2) Work with the management team at Kaplan to return the business to consistent, stable growth while managing risk for the overall enterprise; and 3) Effectively allocate capital through the use of our formidable balance sheet, as well as the cash generated from the operations of Kaplan and Graham Media Group, to grow the underlying earning power of the Company in value accretive ways. We’ve planted many seeds over the last few years. Some have sprouted, while others never took root. Overall we think the Graham Holdings you see today is stronger, less risky, and more poised for consistent, improved results than at any point since the spin- off of CableOne two and a half years ago. At Graham Holdings we view 2017 as an early peek at what we believe is in store in the future. For long-time followers of the Company, you’ll note that the previous statement is about as close to a forward looking prediction as you are likely to ever hear from us.
    [Show full text]
  • Preqin Industry News: 2012 Round-Up
    View the full edition of Spotlight at: https://www.preqin.com/docs/newsletters/PE/Preqin_Private_Equity_Spotlight_January_2013.pdf News Preqin Industry News Download Data Preqin Industry News: 2012 Round-Up Olivia Harmsworth looks at the notable private equity fund closures, investor commitments, deals and exits in 2012. 2012 remained challenging for fund managers attempting to raise Chart of the Month: Breakdown of Private Equity Funds Closed in 2012 capital for their funds. However, as the chart of the month shows, by Proportion of Target Size Achieved a signifi cant proportion of fund managers met or exceeded their 30% target size for their funds in 2012. Sixty percent of all private equity 26% funds to close in 2012 met or exceeded their target, a marginal 25% increase from the 58% of funds closed in 2011 which had a 20% successful fundraising period. Funds which achieved between 20% 101% and 124% of their target were most common, accounting for 16% 26% of the funds closed. The number of funds which closed exactly 15% 14% on target has decreased slightly from 2011 by two percentage 10% points to 20% in 2012. 10% Proportion of Funds Closed 6% The diffi cult fundraising conditions in Europe were highlighted at 5% 4% the start of 2012, when the experienced mid-market European 3% fund manager, Duke Street, abandoned its latest fundraising 0% 0-24% 25-49% 50-74% 75-99% 100% 101-124% 125-149% 150% or more efforts for the buyout vehicle Duke Street Capital VII, which was Proportion of Target Size Achieved targeting €850mn. However, despite the continuing prevalence Source: Preqin Funds in Market of a challenging fundraising climate, 2012 witnessed a number of high-value fund closures and deals.
    [Show full text]
  • Open Kuehn Dissertation Final Draft.Pdf
    The Pennsylvania State University The Graduate School College of Communications PROSUMER-CITIZENSHIP AND THE LOCAL: A CRITICAL CASE STUDY OF CONSUMER REVIEWING ON YELP.COM A Dissertation in Mass Communications by Kathleen M. Kuehn © 2011 Kathleen M. Kuehn Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy August 2011 The dissertation of Kathleen Kuehn was reviewed and approved* by the following: Patrick Parsons Professor of Telecommunications Dissertation Adviser Chair of Committee Michael Elavsky Assistant Professor of Film/Media Studies Matthew P. McAllister Professor of Film/Media Studies Michelle Miller-Day Associate Professor of Communication Arts and Sciences Marie Hardin Associate Professor of Journalism Associate Dean for Graduate Studies and Research *Signatures are on file in the Graduate School. ii ABSTRACT Over the past few years, content developers searching for new markets have found a potentially lucrative consumer base in local and location-based services as new media platforms have begun to “expand” their focus to hyper-local place-based communities. This shift to “local 2.0” has given birth to “local listing sites,” an emerging social medium that converges the content of traditional Yellow Pages, consumer-generated content and the interactive features of social network sites. Such sites harness the productive power of “prosumers,” the hybrid subjectivity of new media users who simultaneously produce and consume online content (Tapscott & Williams, 2006). These sites capitalize on the productivity of users who create discourses through and about local consumption by voluntarily rating and reviewing local businesses and services, challenging the power of institutions traditionally responsible for the production of consumer culture and reputation management (e.g., local business owners, marketers, advertisers, professional critics).
    [Show full text]