The Prof G Pod with Scott Galloway The SPAC Market + EdTech, Apprenticeship, and Entrepreneurship — with Euan Blair
Jun 9, 2022
Euan Blair, Founder and CEO of Multiverse, discusses the innovative approach of his ed-tech startup in providing professional apprenticeships. He explains how they’ve doubled their valuation to $1.7 billion and delves into cultural differences in apprenticeship acceptance. The conversation shifts to the current struggles of the SPAC market, highlighting investor skepticism and regulatory challenges. Blair advocates for a shift from traditional degrees to practical skills, emphasizing the importance of tailored education in bridging workforce needs.
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SPAC Market Downturn
- SPACs (Special Purpose Acquisition Vehicles) are essentially cash shells that go public before acquiring a company.
- Investors are increasingly wary of SPACs due to high interest rates, regulatory scrutiny, and the poor performance of many de-SPACed companies.
Multiverse's Apprenticeship Model
- Multiverse offers professional apprenticeships as an alternative to college, focusing on tech and digital careers.
- The programs are employer-funded, offering salaries and training without tuition costs.
Shifting Education Costs
- Multiverse shifts the cost of education from students to employers.
- This model addresses high corporate profits and student debt by having employers invest in talent development.
