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Led By Zuckerberg, Billionaires Give $100M To Fund Private Elementary Schools

theodp writes: AltSchool, a 2-year-old software-fueled private elementary school initiative started by an ex-Googler, announced Monday a $100 million Series B round led by established VC firms and high-profile tech investors including Mark Zuckerberg, Laurene Powell Jobs, John Doerr, and Pierre Omidyar. AltSchool uses proprietary software that provides students with a personalized playlist lesson that teachers can keep close tabs on. Currently, a few hundred students in four Bay Area classrooms use AltSchool tech. Three more California classrooms, plus one in Brooklyn, are expected to come online this fall, plus one in Brooklyn. "We believe that every child should have access to an exceptional, personalized education that enables them to be happy and successful in an ever-changing world," reads AltSchool's mission statement. For $28,750-a-year, your kid can be one of them right now. Eventually, the plan is for the billionaire-bankrolled education magic to trickle down. AltSchool's pitch to investors, according to NPR, is that one day, charter schools or even regular public schools could outsource many basic functions to its software platform.

17 of 227 comments (clear)

  1. Comment removed by account_deleted · · Score: 2, Insightful

    Comment removed based on user account deletion

  2. trickle down economics by Anonymous Coward · · Score: 5, Insightful

    Fuck trickle down economics. Schools should be mandatory. Schools should be funded equally. And if rich fuckers want a better education for their kids, key them improve the whole system.

    This is a great way of creating a caste system like what already happens on the east coast if you didn't go to some fancy prep school.

    As much as I hate government, this is a good place to apply heavy regulation, at least in terms of funding and talent disparities.

    1. Re:trickle down economics by Bing+Tsher+E · · Score: 4, Insightful

      I would argue that if this is a philantropic 'giving' deal, instead of simply 'giving $100M' they should open up the whole software package. Why is the software this AltSchool uses proprietary? It doesn't sound like 'giving $100M' it sounds like a seed capital investment. You know that with the Zuck involved there's a scheme to monetize the thing if it takes off.

      Facebook tracking of all school children from the age they enter pre-school? Priceless!

    2. Re:trickle down economics by benjfowler · · Score: 2, Insightful

      But clearly, funding local schools from property taxes is a terrible idea. When rich people flee an area and leaves poor and disadvantaged (usually non-whites) behind, they get screwed twice: falling economic activity, and then falling funding for decent schools.

      Bad schools breed disadvantage. You make it worse by turning schools into "gated communities" (e.g. charter, private schools), and consign everyone else to dropout factories.

      A good way to buy social peace, would be to find a better way to fund state schools.

    3. Re: trickle down economics by kenh · · Score: 3, Insightful

      Fuck trickle down economics. Schools should be mandatory.

      They are - education is mandatory in every state of the Union.

      Schools should be funded equally.

      Are you serious? If that were implemented inner-city schools would see funding slashed... In my previous home state of New Jersey there were these failing districts referred to as 'Abbott Districts' (after a court case) which resulted in spending in those failing districts to increase to almost double what the average NJ school district spent per-child. Equalizing spending across all schools would hurt the students in inner-city schools. (The schools in the city of Baltimore, where Democrats insist an increased investment in education (among other initiatives) could prevent tragedies like the death of Freddy Grey - which sounds great, until you realize that in Maryland, home to some of the wealthyest counties in country, the Baltimore city school system is the third highest-spending district per student n Maryland.)

      And if rich fuckers want a better education for their kids, key them improve the whole system.

      Do you understand what 'rich fuckers' do now? They pay property taxes at an obscene rate to fund their local public schools and then leave the public school system to privately fund their children's education elsewhere, leaving more money in the school system for the other students.

      If a 'rich fucker' lives in a house that is valued at twice the average value in their community, then they pay twice the property taxes to help fund public schools their 'average' neighbor pays. (There are no deductions or loopholes.) If that 'rich fucker' then turns around and enrolls their child in a private school they are 100% responsible for the tuition costs and get NO deduction or credit on their property taxes.

      The real motivation for change/improvement in public education will be school choice/vouchers - that will allow concerned parents to abandon failing public schools for better ones, and as failing schools are shuttered bad teachers can be weeded out of the system. Competition is healthy, the lack of serious competition is (contributing to) our currently failing public education system.

      --
      Ken
    4. Re:trickle down economics by Jason+Levine · · Score: 4, Insightful

      Not only this but most of the "students falling behind" that you hear about turns out to be about poverty, not about teachers or schools failing the kids. If a child lives in poverty, they are worried about when they'll eat next, are afraid that today might be the day they lose their home, might be scared for their safety in their neighborhood, etc. All of those worries/concerns/fears make it hard to focus on what your teacher is trying to teach you. It also makes it seem irrelevant. If your big concern is whether you'll get to eat dinner tonight or whether this will be the fifth night in a row that you go to bed hungry, figuring out the area of a circle can seem completely useless. Yes, learning pays off long-term, but there are big short-term concerns that drown that out.

      Unfortunately, a lot of rich politicians/businessmen who have never had these worries/concerns like to place all of the blame on public schools and public school teachers and then lobby to pull more money from them to fund other schools for them to send their kids to. Meanwhile, the poor kids do even worse, but at least the rich folks have a nice scapegoat.

      --
      My sci-fi novel, Ghost Thief, is now available from Amazon.com.
    5. Re:trickle down economics by Needs2BeSaid · · Score: 3, Insightful

      "As much as I hate government" and "Schools should be mandatory" ... one of these is a lie.

      You do not hate government, you see government as an enforcer of your beliefs, as a powerful ally. The sad part is that you don't seem to recognize just how corrupt our government is on every level. Any government "forced" system will be riddled with cheaters and thieves. The rich will find a way to benefit and there is nothing you can do about it.

      Using the government as a hammer will only hurt the middle and lower classes.

      --
      Some things need to be said...
  3. lots and lots of money by phantomfive · · Score: 3, Insightful

    If it costs $26k per student, why do they need $100M in funding? What are they doing with all that money?

    --
    "First they came for the slanderers and i said nothing."
    1. Re:lots and lots of money by Anonymous Coward · · Score: 2, Insightful

      The $100M in funding is to develop software that can replace teachers.

      The $26k is because you can't replace teachers with software.

      Next question?

  4. Educational software by phantomfive · · Score: 4, Insightful

    Given the quality of educational software I've seen, if they are depending on software to teach kids, I can't imagine this being a success.

    As in, I've never seen any educational software that is good, and it only gets worse as the scope increases.

    --
    "First they came for the slanderers and i said nothing."
  5. The beginning of the headline is a tad misleading by stephanruby · · Score: 5, Insightful

    The beginning of the headline is a tad misleading

    Led By Zuckerberg, Billionaires Give $100M To Fund Private Elementary Schools

    Would the same wording have been used in this instance.

    Led By Zuckerberg, Billionaires Give $100M To Fund Uber

    No, right? This isn't a gift. It's an investment. Also, the fund is going to a single company called AltSchool.

  6. I know a better headline I'd like to see ... by Qbertino · · Score: 5, Insightful

    I know a better headline I'd like to see: "New fair taxes enable feasible education budget. Donations not neccesary anymore." How about that, hu? ... Just saying sometimes I'm glad I live in Germany (allthough taxation could use a redo here aswell).

    --
    We suffer more in our imagination than in reality. - Seneca
  7. Isn't that what taxation is for? by Oxygen99 · · Score: 3, Insightful

    Or, y'know, they could just pay an appropriate level of income tax and let educational professionals decide how best to invest that money. Of course that wouldn't boost their collective ego nearly so much. Still. Once you've made enough money from stock market bubbles to reduce social responsibility to charity who are we to argue?

    --
    I had a dream, bright and carefree, but now there's doubt and gravity
  8. Re:Trickle Down? by MPBoulton · · Score: 3, Insightful

    And who wouldn't trust that billionaires have the same objectives as a publically elected government when it comes to educating our children?

  9. Re: Trickle Down? by benjfowler · · Score: 3, Insightful

    Quite possibly the easiest way to do that would be to adopt China's approach of selectively implementing trade barriers in the name of domestic self-interest. Everything made of cloth or plastic should get a 200% tariff on it; and those barriers should only be relaxed when we've 'drained the swamp' at home.

    This, and cutting all passive welfare to the able-bodied.

    At the end of the day, not everyone is smart enough to go to college. Thick people need jobs, money and dignity too.

    Unfortunately, this is anathema to our naive neoliberal overlords, whose world-view never went beyond Econ 101.

  10. for anyone who doesn't see anything wrong here: by circletimessquare · · Score: 5, Insightful

    the ideal is a meritocracy- if you work hard, you're rich. if you don't work, you're poor

    that's the ideal

    of course reality means we have rich kids who don't do shit and can't fail, or whose dad gets them a cushy do nothing job with his friends at the golf club

    it also means there are poor people who are busting their asses at two full time jobs who will never get ahead, barely tread water, and are one accident or medical problem away from losing everything, due to depressed wages because of power imbalances, and an insane healthcare system. and poor people on assistance who don't work simply because the financial incentive is to stay not working: it pays more

    so we do not live in a meritocracy

    we should, of course. and we should try to model our society on that ideal

    and one way we do that is we guarantee a baseline of medical care and education to everyone

    but if being poor means your education will be pathetic, you'll stay poor. and if you're rich and are a loser flunkie who never tries in school but still gets ahead due to connections

    we WANT to subsidize poor people's healthcare and education, so we can actually and honestly say "you're poor because you don't try." we can't say that with honesty today. if we don't actually have everyone STARTING on level ground. the ideal of meritocracy requires everyone to start at roughly the same spot. then, indeed, you can criticize people for being poor, and laud people for being rich. rather than our increasing classist reality in the usa of a shirnking middle class, a rich kid who cannot fail and does nothing, and a poor person who cannot succeed and works his ass off

    in fact, the usa is not the world leader in social mobility, the ability of the poor to get ahead by hard work

    that title goes to "gasp" nordic countries, evil "socialist" countries, where people are happier and richer than "capitalist" america, which really isn't capitalist in the meritocratic sense, but more like plutocratic rent-seeking, social darwinistic fuck-you-i-got-mine-die-in-the-street america

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
  11. Re: Trickle Down? by kenh · · Score: 4, Insightful

    Many argue that public schools are failing our children, but few agree on the cause, so standardized tests have been rolled out to evaluate and quantify the various levels of achievement in the various school systems at both the state and federal level.

    That in and of itself isn't really a problem, the problem (IMHO) with standardized testing is that it has become the only way to evaluate career teachers since the teachers and their union groups have typically rejected every other form of teacher evaluation.

    For example, in one famous example a new superintendent walked into a major metropolitan school system and was confronted with the reality that some 60% of high school graduates failed to perform at an 8th grade level, yet some 90% of the teachers had peer-evaluated each other to be 'Excellent' teachers.

    The issue isn't standardized testing, it is the importance the test results have to the teachers that causes great stress in the children.

    --
    Ken