While Tech Struggles With Diversity, Edtech Shines
It’s a valuable lesson. Unlike their counterparts in the financial technology sector, 70 percent of the top-funded edtech CEOs are people of color. Observers say the field’s socially oriented bent is responsible: It attracts investors who care more about effecting change than making money, and entrepreneurs typically come from backgrounds where education — seen as a key socioeconomic elevator — is strongly encouraged. That diversity is a selling point in more ways than one: CEOs and employees from different backgrounds mean a less one-size-fits-all approach to education.