When public policy ‘fails’ and venture capital ‘saves’ education: Edtech investors as economic and political actors

Abstract

Educational technology (Edtech) investors have become increasingly influential in education; however, they remain under-researched. We address this deficit and introduce the grammar and landscape of Edtech investment into education research. We empirically examine venture capital Edtech investors and argue that they are economic and political actors. Investors construct the Edtech industry through their investment and advancing particular imaginaries. They legitimate their authority in education through narratives of expertise and measures of social impact. They consolidate the Edtech industry by constructing social networks to perform the political work of futuring. The analysis provides original insights into the power of Edtech investors in education and proposes a research agenda examining new relations between the education, technology, and finance industries.