Education Venture Capitalists Want Government Money but not Government Mandates....
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| ...however, if you dance with the Devil, you pay the Devil his due. |
Venture capitalists are in the business of making money and one area to funnel capital is into charter schools. Charter start ups are partially funded by federal government money (aka known as taxpayer funding) so there is no true entrepreneurial risk. They primarily operate as traditional public schools because of the Race to the Top mandates, so true innovation in education content can't occur. However, teacher unions will be reduced and (according to them and school choice proponents) public education will be saved.
Apparently the venture capitalists aren't liking the Race to the Top "competition" open to individual