Member Info for scardey_cat

Veative is pleased to announce a collaborative partnership with present4D, bringing the ability to create and edit virtual reality projects to schools, teachers, and students across the globe. Editing software is not entirely new, however this unique approach, a completely offline solution, addresses the real needs of schools and districts from India to the US, Africa to Europe.

Glenn Collins - Global VP Sales and Marketing - Veative Labs

https://www.linkedin.com/feed/update/urn:li:activity:6960279406661578753/

Glenn is also President of 'The Ed-Tech Group Canada'.
"The Ed-Tech Group Canada represents some of the world's finest ed-tech vendors in the Canadian market including Newline Interactive, Veative Labs, eSmartr, Photon Robots, UBBU coding, and Eduscape PD."

Continuing the rampfest...

If Byju were able to make a paltry £100 per student from 5.75 mil students (5% conversion from their 115mil user base), that's £575mil recurring revenue. And that's on-line revenue, which doesn't require huge outlays for staff, buildings and other infrastructure.

I mean if you were Byju Raveendran and Divya Gokulnath, you'd at least be having a chat about it over dinner, wouldn't you?

Ok, they would probably prefer a Nasdaq listing, but there might be something in a FTSE listing for them, you never know.

Why would Dev Clever be an attractive acquisition for the likes of Byju?
1. A unique enhanced careers guidance service.
2. The world’s largest library of immersive and interactive VR content. Surprisingly, Byju haven’t even entered into the VR Edtech sector to date, but they surely must do.
3. A more or less, immediate FTSE standard listing via reverse takeover.

So, overnight, Byju would be able to offer two brand new products (that it currently doesn’t offer), to it’s 115 million student use base. What’s that worth if they achieve even a meagre 5% conversion rate? If we’re not on Byju’s radar now, we most certainly will be come autumn.

Yes, @LivenLearn, you could say that’s a bit ‘rampy’, but is it really that unrealistic?

“In March 2022, it was recorded that Byju’s had about 115 million students registered to the platform and is valued at about $22 billion”
https://www.businessoutreach.in/india-and-its-edtech-industry/

Speaking of upGrad – 22 Jul 22
"Upskilling unicorn upGrad has bought Noida-based online learning platform Exampur for an undisclosed amount in a cash-and-share swap deal, in its tenth acquisition so far. This follows Mumbai-based upGrad’s 22 July purchase of New Delhi-based online learning platform Harappa Education for $38 million in a cash-and-share swap deal."
https://www.vccircle.com/upgradmarks-10th-acquisition-with-exampur

Biyju - 03 Aug 22
"Byju’s plans to raise $2.4 bn to buy American edtech firm 2U"
https://www.livemint.com/companies/start-ups/byjus-ties-up-funds-to-buy-2u-for-2-4-bn-11656957597096.html

Byju - One from last year:
Byju’s is acquiring tutorial chain Aakash Educational Services Ltd (AESL) in a cash and stock deal estimated at $950 million, sealing its largest buyout. India’s most-valued edtech startup snagged coding tutor WhiteHatJr in a $300-million deal amid the pandemic last year.
https://economictimes.indiatimes.com/tech/startups/byjus-to-acquire-aakash-educational-services-in-700-million-deal/articleshow/81910598.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Why is Dev Clever keeping under the radar in India?

Understandably, some will focus on the lack of communication from the company in terms of it’s progress and developments, especially in India, when considering their continued support for the company. One possible explanation for the company currently ‘keeping under the radar’, is that it’s part of a deliberate strategy.

Let’s suppose the company were planning ‘the mother of all launches’ in autumn (to paraphrase RJ’s recent tweet), but were keeping it on the QT for now, until such time when all the ducks were lined up. Then let’s consider why it would be in the company’s interests to do that.

Best show this by way of example. The Indian Edtech company ‘Upgrad’ were having great success with their niche offering, which mainly focused on older students and under graduates, preparing them for exams specifically designed to improve their grades. That raised eyebrows at Byju, and wouldn’t you know it, within months they launched ‘Gradeup’, a company created to address the same niche market.

LaunchMyCareer also addresses a niche market, a market in which Byju have no real presence at the moment (nor do LEAD School, Extramarks, Vedantu, PhysicsWallah, Unacademy, Filo, Toppr and all the other ‘unicorns’ in India). The company would certainly not wish to see a new entity called ‘CareerLaunch’, for instance, suddenly pop up with a vastly inferior copycat version of LMC, before they had a chance to explode onto the scene.

I went to see a tarot card reader on Sunday. She told me that September was a time for me to hold my nerve, and that I would deeply regret not doing so, come Oct/Nov. Can’t imagine what she meant.

Thanks @LivenLearn. Appreciate the comments and the sense of humour.
I do try to keep it factual and minimise the hyperbole :-)
No, Spks, I don't work for the company, but, as you will be aware, relationships come in all shapes and sizes.

This article states that Indian Edtech startups that offer skill-building courses and address the core issue of making youth more employable, have an extremely bright future ahead.

"India, being one of the world’s youngest countries (in terms of population), with a median age of only 28.4 years and a large population between the ages of 18 and 35, promises a plethora of opportunities and growth for the economy as a whole. Despite a large number of young workers, there is a skill gap in the country, with a report indicating that only one in four management professionals, one in five engineers, and one in ten graduates are employable.

Edtech startups that offer skill-building courses address the core issue of making youth more employable. This is one competitive advantage that no other industry has. As a result, given the demand for such services and the lack of available alternatives, the future of such startups is extremely bright. Furthermore, the online courses are adaptable and accessible, ensuring that anyone can do it from a place of their choice."

https://inc42.com/resources/how-edtech-startups-are-helping-indias-workforce-upskill-become-future-ready/

NISA Quality Program @launch_careers integrates a world-first, direct-to-consumer subscription service to bridge the careers gap in India.

https://twitter.com/nisaedu/status/1553762138698633216?s=12&t=7V5jdliVOJppyWtm3ypGIQ

There you go, make it easier for you:
https://ibb.co/fNb8b7z

If you look at the video featured alongside the "You-Learn Apps" section of the Learning Hub page (scroll down a little), it gives the names of some course and prices (pause it at 28 seconds in).

You-Learn STEM VR Rs. 30,000
You-Learn ELL VR Rs. 30,000
You-Learn VR Premium Bundle Rs. 39,999

I don't know how representative these prices are, since the App store is still under development, but Rs. 30,000 is equivalent to about £310. A hundred thousand downloads would represent £30mil revenue.

No wonder Robert Bonnier wanted the worldwide distribution rights.

"Direct to consumer solutions will take up 51% of the global EdTech market by 2027"

Follow the money, as they say.

The Learning Hub is an APP store. With an initial portfolio of some 35 VR STEM subject focused APPs, each APP with some 20+ learning modules. With complimentary lesson plans, and teacher or parent supporting collaterals to support self paced learning on a mobile device or laptop. The APPs will deliver personal learning journeys, adaptive learning, for each student.

https://you-learn.net/ther-stem-app-project/

I think we'll be hearing a lot more about this in the coming months. Major part of the big autumn launch, I suspect. No wonder we're hiring so many Frontend/Backend mobile software developers. Interestingly Alan Greenberg's (ex-Apple) features in the "Contact Details" section.

Since when has 7 months been "nearly a year".
It's the stock market Spks. Things happen. Get over it.

Always good to be realistic, but using every opportunity to slate the company is another thing. I even notice you having a go at Dev Clever on the Asimilar chat board. Anyway, I’m not here to pick a fight with anyone, I just don’t see any sense in somebody continually knocking their own investment.

I agree that Dev’s communications haven’t been great of late. However, on the re-listing front, apart from issuing an RNS every day saying “Sorry, nothing in the post from the FCA today”, there’s not a lot the company can advise on re-listing timescales. It’s pretty much out of their hands. Where I do think the company let share holders down, is failing to issue an RNS mid-June, advising of a further delay in publication of accounts due to x, y & z. In hindsight, the delay itself is understandable, given that they couldn’t publish the accounts and accompanying forward looking statement, without resolving the Aldebaron situation first. But, I agree, it was poor form, to say the least, in failing to issue an update.

Of course, it’s up to people to decide whether they believe Robert Johnson’s tweet, or not. However, I don’t really see how it benefits RJ to make something up like that. The shares are currently suspended, so it’s pretty pointless ramping Dev Clever at the moment. I happen to believe it’s true, as I stated in my 3rd July post:

“Anybody would think they were gearing up for a whole new level of marketing campaign in India. I’m not talking Byju logo on Indian cricket shirts, but a step change nonetheless. Watch this space.”

I find it very interesting that RJ references @AppleEDU @alangreenberg in his tweet. I’ve never seen him do that before (Alan is a senior ex-Apple employee, of course).

It seems fairly obvious from employee numbers etc. (LMC = 321 employees now), that something pretty significant is about to take off in India. I’m hopeful that such a development happens prior to re-listing, to shore up the SP for one.

The fact that RJ and family have a few million quid invested in Dev, might explain how he is able to gain access to the CEO. It’s just the nature of the stock market. Personally, I’m happy that RJ is willing to share that information.

But I also heard he really dislikes negative people and won’t go anywhere near them. Don’t blame him really, it can all get a bit tiresome.

I heard that Chris is amenable to meeting anybody who knows how to spell his surname correctly.

We've got some predictions for you by GlobeNewswire, from their "Global Education Technology (EdTech) Market Report 2022".

The worldwide virtual classroom infrastructure market is predicted to reach $58.9 billion by 2027.

The interactive learning solution's global market is predicted reach $37.3 billion by 2027.

By 2027, more than 70% of all formal education programmes will depend on and utilise EdTech solutions by 2027.

North America is foreseen to lead the EdTech market with 29% market share followed by Europe.

Direct to consumer solutions will take up 51% of the global EdTech market.

https://www.linkedin.com/posts/supercharger-ventures_edtech-ai-learning-activity-6958422617913524224-_232?utm_source=linkedin_share&utm_medium=ios_app

.

Association of Education Advisers

As always, @TILG_UK's VR technology caught some eyes at our Annual Summit!

https://twitter.com/educateadvise/status/1551568669498564608?s=12&t=Y1hgT47pHDv7Cep3EicmHA

Just got back from there. Try the new Azata course near Estepona, if you're down that way.
35 Euros, including buggy on Tues & Thurs.

Didn't we just sell some headsets there?

https://www.linkedin.com/feed/update/urn:li:ugcPost:6956203559663149056/?utm_source=linkedin_share&utm_medium=member_desktop_share&utm_content=post

Enough from me, enjoy your hols Bagzzz...knock 'em out!

Veative is proud to offer educators the world’s largest library of standards-aligned, immersive and interactive VR content.
670+ interactive VR modules
https://veative.com/vr-content/