Will VCs take over on education?
Governor Schwarzenegger has proposed to cut $2.8 billion from California schools, despite his earlier pledge this wouldn't happen. What are parents to do?
Fork over more money to private ventures, perhaps....Walnut Creek company Zapper Networks is seeking to raise the money from venture capitalists it needs to market online math courses. VentureWire (subscription required) reports that the developer of children's interactive learning systems is looking for about $2-$3 million. Chief Executive Graham Anderson is marketing the service as a "complement" to school lessons. "Math Zapper," as its product is called, costs a maximum of $24.99 per month for one child, and is apparently designed for first through third graders.
Yep, this looks like another solicitation for money (see comments on our earlier entry here, and here), which is never great, but at least the money from any unwitting investor, if things do turn south, will be lost on a noble cause.