I returned last week from a little time in Cuba and Mexico and have been diving back into the good work at Runway. On my way back, I stopped by SXSWedu for the launch of our edtech accelerator program. (You can learn more at michelsonrunway.com.) We’re focusing on challenges in higher ed and alternative education space, and I’m pleased with how the program is shaping up.
This week, Joe Vasquez and I are headed to Austin for the SXSWedu conference from March 7-10. At the conference, we will be launching the opening of the Michelson Runway EdTech Accelerator. The focus of the accelerator, Runway’s first, is higher education and lifelong learning. Specifically, we are interesting in funding and supporting startups that are looking to close the socio-economic equity gap in higher education, increase engagement in the classroom and create tools for outcome-based education.
I was meeting with a friend of mine recently and our conversation turned to the commercial real estate market, something I know next to nothing about. He’s been in the field for several decades and has been thinking about long term trends lately. He was very curious to know more about some of the trends in the early stage startup ecosystem and how they might affect his world.
I’ve been reading a lot about startups needing to cut down on burn this year as a result of downward pressure on follow-on financing rounds. When a market is entering into a bear cycle, there’s always an increased focus on costs as cash becomes more scarce. This one is no exception.
We have a beautiful day today in San Francisco, in spite of the Super Bowl logistics doing their best to make our lives difficult. Today we’ll be filming a promo for the launch of our edtech accelerator program which we’re announcing March 7 at SXSWedu. The focus of the program is on higher education and lifelong learning. The goal is to help startups who are making education more affordable and results focused for students who are most at risk of falling through the cracks in our society. It’s nice to be focusing on issues that extend beyond traditional Silicon Valley.
We're fortunate to be surrounded by really great startups all of the time building unique products. One of these companies is Xspaced, a startup that has a goal of helping people to make a fast and right decision when looking to buy or rent real estate. They believe that "being" on a property without physically being there makes a BIG difference (Source: Crunchbase). And we agree!
Today is Martin Luther King Jr day, which has been a national holiday since 1986. It’s a day when we can recognize a man who fought hard to tear down racially prejudiced laws and fight for peace through nonviolent means. And it's a good reminder for us that there's a lot more going on in our country than just building tech companies. We see racial issues on the news on a regular basis, but for the most part, we're fairly isolated from them.