APRIL 8, 2020
In recent newsletters we presented landscapes of different tech sub-sectors providing critical services and infrastructure during the Covid-19 crisis:

👩‍⚕️ consumer health tech (telemedicine, home diagnostics, ...)
🦠 companies combating covid-19 (vaccines, medicine, equipment, ...)
🥡 tools during life under lockdown (productivity, groceries, ...)

The speed of adoption of these services is incredible: video comms tool accuRx is used by over 90% of primary care clinics in England, reports the NYT (prior to Covid-19, only 1% of appointments were via video). Similar trends are visible in online groceries.

Today we look at two other markets which are about to be transformed: Education Tech and the Passion Economy. More below.

PS: Many thanks to the hundreds of viewers in the first Dealroom x Sifted webinar, last Friday, about startup funding during the crisis. Sifted wrote a handy summary in case you missed it. Expect more from us soon! 

📉 The impact of the crisis is clearly visible in the monthly funding data, despite big rounds like Lilium, PsiQuantum, Collibra and others.

Move over, gig economy. Here comes the passion economy

The passion economy is a logical progression from the gig economy. Where the gig economy is about commiditised services, the passion economy covers creative products and services, offered by highly skilled people that can become high earners by building lasting audiences. YouTube is the category leader, but many others are just getting started.

Check out this new Passion Economy landscape covering the key categories: gaming, podcasts, teaching, content and more. Let us know your feedback via the green button!

Explore the Passion Economy

Can education tech rise to the challenge?

Like healthcare, education is a huge market, highly regulated, and among the least digitised. App download data shows that education apps have become one of the fastest growing categories, together with remote work and food delivery.

The current environment is accelerating a structural need. The workplace is changing rapidly, creating a need for reschooling. Repetitive work is automated. Credentials are losing their importance. With millions of people facing unemployment and/or stuck at home, can education tech rise to the occasion?

Lambda School became the market leader in coding schools where students only pay tuition once they landed a job (aka an Income Share Agreement or ISA). Lambda intends to enroll 10K students in 2020 (out of 120K applicants), which implies $300M in ISAs. According to Edly, an ISA marketplace, 80 universities will offer ISAs worth $500 million in 2020, growing over 100% YoY. That implies Lambda's market share is around 60%. Kraków-based Brainly is a knowledge-sharing community for 150 million students and experts. Check out the full landscape including online courses, ISAs, gamified learning, knowledge-sharing, 1-on-1 tutoring and much more.
Explore Education Tech landscape

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