{"id":16577,"date":"2023-10-06T15:05:47","date_gmt":"2023-10-06T15:05:47","guid":{"rendered":"https:\/\/mysourcefunding.com\/leadership\/seeing-through-edtech-bad-behavior\/"},"modified":"2023-10-06T15:05:48","modified_gmt":"2023-10-06T15:05:48","slug":"seeing-through-edtech-bad-behavior","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=16577","title":{"rendered":"Seeing Through Edtech Bad Behavior"},"content":{"rendered":"
\n

As soon as my kids were old enough to stop squirming through a 70-page story, I made sure to read them Roald Dahl\u2019s The Wonderful Story of Henry Sugar<\/em>. I had two reasons. First, it\u2019s wondrous and incredibly well-crafted \u2013 better than Dahl\u2019s greatest hits, in my view. Second, it was the basis for a fun and hopefully profitable long con.<\/p>\n

Released just last week on Netflix \u2013 a whimsical Wes Anderson take with his typical celebrity cavalcade (Ralph Fiennes, Benedict Cumberbatch, Dev Patel, Ben Kingsley) \u2013 Henry Sugar <\/em>tells the story of a playboy who \u201chad never done a day\u2019s work in his life,\u201d drifting like seaweed \u2013 not bad, not good, \u201csimply part of the decoration\u201d \u2013 through wealthy enclaves like Nassau and St. Tropez. To conquer the deadly boredom of wealth and idleness, Henry Sugar gambled. One rainy Saturday afternoon at a friend\u2019s estate, having drawn the low card and forced to sit out high-stakes canasta, he wandered into the library. Dismissing Balzac, Ibsen, and Voltaire as boring rubbish, he was about to leave when his eye was caught by a cardboard-covered exercise book sticking out a little on the shelf.<\/p>\n

The exercise book belonged to John Cartwright, a doctor in Bombay, and is an \u201cInterview with Imhrat Khan, the Man Who Could See Without His Eyes.\u201d Thus begins a tale within a tale as the story shifts to Cartwright\u2019s spellbinding report. Khan really can see with his eyelids sealed shut, bread dough pressed into sockets, and so many blindfolds, sheets, scarves, and turbans around his head that he can hardly keep his balance. He\u2019s able to bicycle through traffic, thread a needle, and shoot a tin can off a boy\u2019s head. How does he do it? Dr. Cartwright reports Imhrat Khan\u2019s own words, now a dizzying tale within a tale within a tale. He\u2019s taught by a yogi to concentrate upon a single object for three and a half minutes without his mind wandering or other thoughts creeping in. His chosen method is to light a candle, stare into the black part of the flame right at the center, and focus on his chosen object (his brother\u2019s face) for as long as he can. While most practice regularly for a decade or longer to achieve the requisite level of concentration, Imhrat Khan does it in only seven years. One side effect is an inner sense of sight that allows him to make out objects with his eyes closed, including an ability to see through playing cards.<\/p>\n

Zoom out to the gambler reading Dr. Cartwright\u2019s report: \u201cWell, well, well. Now that<\/em> is extremely interesting,\u201d said Henry Sugar. For the first time in his life, Henry Sugar has a goal and pursues it diligently. Utilizing Khan\u2019s candle method, in just a year Henry Sugar can concentrate on a single object \u2013 his own face \u2013 for over five minutes. He\u2019s a prodigy. When he tests himself with cards, shapes and symbols become evident after several minutes. But he won\u2019t have minutes in a casino; four seconds is the limit. So he trains for another two years. When he\u2019s able to see through a card in less than four seconds, he\u2019s ready for blackjack. On his first night in a casino, he makes \u00a36,600.<\/p>\n

<\/fbs-ad><\/p>\n

It all seemed so real: Cartwright\u2019s \u201ctrue and accurate report\u201d (signed and dated); Dahl\u2019s frame around Henry Sugar\u2019s story (\u201cnow, had this been a made-up story instead of a true one, it would have been necessary to invent some sort of a surprising and exciting end for it\u2026 but this story is not fiction. It is true\u201d) and his one disclaimer (Henry Sugar is a loving pseudonym bestowed by the accountant and make-up artist who reach out to Dahl to get Henry\u2019s story told). My kids were captivated: \u201cIs it true? Can people really do that?\u201d they\u2019d ask. \u201cOf course,\u201d I said. \u201cWith enough training, you can do anything.\u201d Then for years, when we\u2019d play Clue \u2013 and when they were old enough, poker \u2013 I\u2019d attribute my victories to an ability to see through cards. \u201cHenry Sugar did it in three years,\u201d I said. \u201cIt took me four.\u201d Not long ago, I caught my youngest focusing on the back of a playing card for five minutes like his life depended on it. Their belief in Henry Sugar has outlasted Santa Claus.<\/p>\n

Let me tell you another true story about a gambler, one from the land of Imrhat Khan. Byju Raveendran grows up in Azhikode on the coast of Kerala. He trains as an engineer and takes a job with a UK shipping company when some friends ask for advice on taking the notoriously difficult entrance exam for the Indian Institutes of Management (IIMs). He works the problem, develops a system, and scores 100%. Then, alongside his wife Divya Gokulnath, he founds an online math coaching business. He\u2019s in such demand, he\u2019s able to fill large auditoriums and stadiums, then begins developing apps with video lessons and interactive quizzes to reach even more students. His best students flock to join the team. At its peak, Byju\u2019s sells learning apps and hardware to millions, becomes the world\u2019s most valuable edtech company, and is seen on TV by billions as an official sponsor of the 2022 World Cup.<\/p>\n

The gambling was how he did it. Byju Raveendran raked in over $5 billion in equity and debt from some of the world\u2019s leading investors, over half of which was spent acquiring a wide range of edtech businesses. He also engaged in heavy-handed sales practices; representatives would tell parents \u201cyour kids will end up poor like you\u201d if they didn\u2019t buy. Sales were matched by heavy-handed accounting practice, recognizing revenue from streaming services upfront rather than as services were delivered.<\/p>\n

Byju Raveendran couldn\u2019t see without his eyes but must have thought no one else could see what he was doing. But his accountant did see. After the company began missing payments to lenders, Deloitte resigned along with three independent board members. Meanwhile, an unpaid $1.2 billion loan led to a lawsuit and an allegation that $533 million of Byju\u2019s cash was entrusted to an obscure fund manager whose office address is a bustling International House of Pancakes in Miami. Last week Byju\u2019s missed a deadline to report FY \u201922 financials and the company is expected to cut as many as 5,000 jobs.<\/p>\n

Byju\u2019s has been accused of being a scam. It\u2019s not the only one. In the U.S., Charlie Javice founded Frank to simplify financial aid for college applicants. But in her haste to make millions, she invented millions of users by hiring a data scientist to manufacture a spreadsheet with four million rows. She was sued, then arrested this spring.<\/p>\n

Just as new investment into the sector has collapsed \u2013 HolonIQ projects global edtech investment will end up around $3.5B this year compared with $20.8B in 2021 and the lowest on record since 2016 \u2013 edtech seems to be getting a bad name. But as staring into a candle flame for years is a somewhat inefficient way to learn, it\u2019s important to recognize this is a tale within a tale. Zoom out and you\u2019ll see that after decades of exaggerated outcomes \u2013 \u201csuccess porn,\u201d in the words of Glenda Morgan \u2013 edtech is finally shortening the time to see through things.<\/p>\n

The fundamental problem facing every classroom teacher is how to help a diverse cohort of learners \u2013 all at different levels of understanding and ability \u2013 meet or exceed stated learning outcomes. As few students are empty vessels who develop skills and capabilities solely from being on the receiving end of content (reading, lectures) and as those who can aren\u2019t likely to be left behind anyway, a better approach is to privilege the application of learning over content delivery: attempting a task with a desirable level of difficulty, struggling, perhaps failing, adjusting, and trying again. This is active \u2013 not passive \u2013 learning and is the algorithm each teacher should strive to optimize. The constraint is that there\u2019s only one teacher per class and limited time; according to a recent Department of Education report, teachers spend less than half their working hours interacting with students.<\/p>\n

In analog days, active learning meant discussions dominated by a handful of gunners, infrequent photocopied quizzes, and awful group projects hoping students might teach each other. But today, edtech is allowing teachers to spend their time on more active learning. For example:<\/p>\n

\u00b7 Platforms like PowerSchool and new entrants like Formative and Conker facilitate the creation of formative assessments to allow teachers to challenge students in every class;<\/p>\n

\u00b7 Grading assistance platforms like Packback (a University Ventures portfolio company) and Gradescope allow teachers to increase the frequency and amplitude of writing assignments;<\/p>\n

\u00b7 FeedbackFruits are 15 different active learning tools that integrate with learning management systems.<\/p>\n

Complementing more effective teaching is the vision of personalized learning \u2013 your own digital teacher at your side every second of your learning journey \u2013 which has been with us almost as long as The Wonderful Story of Henry Sugar <\/em>(1976). With generative AI, it\u2019s now here:<\/p>\n

\u00b7 Membean builds vocabulary by automatically differentiating and personalizing to each student\u2019s skill level;<\/p>\n

\u00b7 Packback (again, a UV portfolio company) provides students with immediate writing feedback on grammar, mechanics, flow, and depth;<\/p>\n

\u00b7 Khan Academy\u2019s new AI-powered tutor, Khanmigo, guides students without giving them the answers;<\/p>\n

\u00b7 Mainstay (also a UV portfolio company) harnesses AI to keep students engaged throughout their learning experience.<\/p>\n

Edtech is also improving content delivery itself. MasteryPrep \u2013 a provider of learning loss remediation to over 500 school districts, with a focus on end-of-course exams and an Achieve Partners portfolio company \u2013 is leveraging generative AI to dramatically accelerate the development of state-specific curricula.<\/p>\n

In the spirit of Roald Dahl, when I sat my kids down last week to watch Wes Anderson\u2019s take, I made sure to bring pen and paper. \u201cWhat are you writing?\u201d they asked. \u201cJust taking notes to see if there are any additional tips on how to see through cards faster \u2013 I\u2019m not at casino-level yet,\u201d I replied.<\/p>\n

What Anderson\u2019s short film and Dahl\u2019s story depict is not a gambler using a new skill to become fabulously rich. Because once Henry Sugar is able to see through cards, he\u2019s no longer interested in making money. The famous scene is Henry Sugar throwing the \u00a36,600 into the street, one note at a time. No, Henry Sugar wants use his power for good and travels from casino to casino, country to country, disguised by Hollywood\u2019s top makeup artist so he never appears as the same person twice. Over a period of 20 years, he sends \u00a3144 million in winnings to a Swiss bank account that establishes and funds 21 orphanages around the world.<\/p>\n

Henry Sugar<\/em> is a story about education. Training opens up worlds we never thought possible. And seeing through things allows us to make out the truth through fallacious logic and fancy rhetoric; it\u2019s about understanding motivations and not taking things at face value, which should inure us to cons both short and long. But for Dahl, education is also inextricably connected to morality. Once we\u2019re able to see through, morality appears like \u2013 for Henry Sugar \u2013 \u201cslowly, magically, but very clearly, the black symbols became spades and alongside the spades appeared the number five.\u201d So I hope you\u2019ll pardon the yarn I\u2019ve been spinning for my kids. The goal wasn\u2019t to canonize concentration so they\u2019d be able to break the bank, but rather because it\u2019s often transformative.<\/p>\n

Likewise, the overwhelming majority of edtech founders create and grow useful products because they were educators (or connected to educators) and saw a need to help students see through things. And thanks to their good work and the emergence of generative AI, edtech is finally poised to realize its longstanding promise.<\/p>\n

As technology makes learning more efficient and effective, what would be even sweeter than (Henry) Sugar is if educators set aside time to address another problem: the unhappy recent finding that fewer students than ever are reading for fun. Reading (true) stories like Henry Sugar.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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