Interesting Reads This Week
Updates on recurring topics of the OPM market and ye old Arnold Ventures
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Morgan is recovering from a Chicago-based food coma, so you get me this week for Interesting Reads, with all of the capitalization and commas that this entails. Expect to see her Educause coverage on Monday.
For this week, I’ve picked articles that provide updates and clarity on two recurring topics at On EdTech - the OPM market and seeing the Arnold Ventures in action.
OPM Market Doom and Gloom
On Wednesday Lauren Coffey at Inside Higher Ed posted an interesting article with the provocative title “OPMs on ‘Life Support’ in Changing Online Marketplace.” I can’t really complain about the language as it came from me.
The article uses the Pearson / Boundless story as a setup to discuss how the OPM market is in real danger right now, and Coffey mentions several examples of how OPM companies appear to be shifting models and moving to other non-degree industries. You can see the significance of these moves in 2U’s most recent earnings presentation, where degree-based revenue dropped 16% year-over-year while alternative credential revenue increased 4%.
But this view still includes higher education writ large. You can see more of the change in the earnings call transcript.
”Enterprise”. Read that as maybe higher ed provides the content, but the real customers are businesses and governments, which is a shift from the company’s roots.
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