Venture capitalists are betting that technology will play a major role in fixing a broken U.S. educational system. Accel Partners, Spectrum Equity and Meritech Capital Partners put their chips down last week with a $103 million investment in Lynda.com, which sells monthly subscriptions for training videos in business, technology and creative skills.
The investment was so important for Accel that the global firm was willing to woo the online education company for four years. For Lynda.com, which topped $100 million in revenue last year, the outside investment was the first in its 18 years of operation.
To read the full, original article click on this link: ReadWrite – Can Venture Capital Fix Our Dysfunctional Educational System?
