Reed Hastings and CSGF acquired Dreambox, a K-12 adaptive math platform, with the intention of creating more scalable and sustainable charter networks. Reed, a KIPP board member, has been on this war path for a year.
Rocketship, a high-performing elementary charter network in San Jose, uses online learning to stretch the day/year, improve performance, and drop a sufficient margin to at least partially fund growth.
Here’s a note from John Danner of Rocketship, with the news:
“Rocketeers, great news today. Reed Hastings and the Charter School Growth Fund have acquired Dreambox, a great adaptive learning engine company. I will be joining their board.
From health to pensions to education, the United States relies on private enterprise more than pretty much every other advanced, industrial nation to provide essential social services. The government pays Medicare Advantage plans to deliver health care to aging Americans. It provides a tax break to encourage employers to cover workers under 65.
Businesses devote almost 6 percent of the nation’s economic output to pay for health insurance for their employees. This amounts to nine times similar private spending on health benefits across the Organization for Economic Cooperation and Development, on average. Private plans cover more than a third of pension benefits. The average for 30 countries in the O.E.C.D. is just over one-fifth.
We let the private sector handle tasks other countries would never dream of moving outside the government’s purview. Consider bail bondsmen and their rugged sidekicks, the bounty hunters.