In 2012, education technology firms attracted $1.1 billion from venture capitalists, angel investors, corporations, and private equity—an order of magnitude more than the industry was pulling in 2002. But gains for the industry could easily be wiped away by politicans. While Wall Street’s interest in online education may bode well for entrepreneurs and students, writes Managing Editor Katherine Mangu-Ward in Slate, bullish investors and parents would do well to listen to war stories from weary education policy wonks.
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