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Why a16z-backed Wonderschool is acquiring EarlyDay (Equity Interview)
May 14, 2024
Former CEOs of EarlyDay, Emma Harris and Melissa Tran, along with Chris Bennett from Wonderschool, discuss the acquisition deal and the challenges in the childcare sector post-COVID. They address staffing shortages, government partnerships, financial challenges, and the need for more entrepreneurs in childcare.
33:43
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Quick takeaways
- Combining efforts to address childcare crisis by recruiting teachers efficiently.
- Home-based childcare models improve financial sustainability and quality of care.
Deep dives
The Acquisition Deal between Wonder School and Early Day
Chris Bennett, CEO of Wonder School, and Emma Harris and Melissa Tran, co-founders of Early Day, detail how Wonder School's acquisition of Early Day came about due to their shared focus on solving staffing shortages in childcare. Wonder School, a venture-backed company aiding individuals in launching childcare practices, purchased Early Day to combine their efforts in addressing the childcare crisis. The acquisition stemmed from a need to recruit teachers efficiently and cater to the growing demand for qualified childcare professionals.
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