Week in Edtech 9/18/2024: OpenAI’s o1 Model (Strawberry), Brisk Teaching Raises $6.9M, AI Use Surges Among Teens, Parent Trust in Schools Declines, AllHere Files for Bankruptcy, and More! Feat. Abby Coyle and Katie Gracey of ClassBank

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Sep 26, 2024

In this discussion, Abby Coyle and Katie Gracey, co-founders of ClassBank, delve into innovative financial literacy for students through a unique digital currency system. They highlight the recent $1M pre-seed funding and the positive impact on student behavior. The conversation also touches on the surging use of generative AI among teens and the declining trust parents have in public schools. Additionally, they reflect on the competitive edtech landscape and the importance of adapting financial education to meet the needs of today's students.

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Intro

00:00 • 3min

AI Advances in Education

02:56 • 12min

Reassessing K-12 Education: Trust and Alternatives

15:00 • 6min

Navigating Trends in Education and AI Adoption

21:06 • 4min

Navigating the EdTech Landscape

24:58 • 18min

Empowering Students Through Financial Literacy

42:45 • 10min

Navigating Successful Rebranding in EdTech

52:59 • 3min

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Join hosts Alex Sarlin and Ben Kornell as they explore the latest developments in education technology, from AI breakthroughs to new VC investments and edtech reports.

✨ Episode Highlights:

[00:03:16] 🧠 OpenAI’s New Reasoning Model - ChatGPT o1 (Strawberry)
[00:07:20] 📚 AI's Role in Education - Practical Use Cases
[00:14:03] 👩‍💻 Common Sense Media Report on AI Use Among Teens: 70% of teens are using generative AI, with disparities in how different demographics use the technology
[00:17:42] 🏫 Schooling in America Report - Declining Parent Trust: 64% of parents believe K-12 education is heading in the wrong direction, driven by safety concerns and tech gaps
[00:24:51] 💡 Owl Ventures leads a $6.9M investment in Brisk Teaching
[00:33:40] 📈 AI Optimism in Schools - Clever Report: Teachers' concerns about AI making their jobs harder drop from 48% to 18% in the last year.
[00:37:15] 💸 AllHere Files for Bankruptcy

Plus special guests:

[00:41:22] 🎙️ Abby Coyle and Katie Gracey, Co-founders of ClassBank discuss how ClassBank teaches financial literacy through a digital school currency system and their recent $1M pre-seed funding.

📢 ClassBank is Hiring! They're looking for a School Partnerships Lead to help expand their impact in classrooms across the country. Check out the role here.

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🎉 Presenting Sponsor:

This season of Edtech Insiders is brought to you by Starbridge. Every year, K-12 districts and higher ed institutions spend over half a trillion dollars—but most sales teams miss the signals. Starbridge tracks early signs like board minutes, budget drafts, and strategic plans, then helps you turn them into personalized outreach—fast. Win the deal before it hits the RFP stage. That’s how top edtech teams stay ahead.

This season of Edtech Insiders is once again brought to you by Tuck Advisors, the M&A firm for EdTech companies. Run by serial entrepreneurs with over 25 years of experience founding, investing in, and selling companies, Tuck believes you deserve M&A advisors who work as hard as you do.