Ryan Delk, the CEO of Primer, begins every investor update with a reminder about the importance of the problem his company is trying to solve: reforming the US public school system.
Not Boring Capital first invested in Primer inlate 2021; the company is now focused on micro schools and has a new $13 billion valuation.
The company is building a platform that offers the geography of a school, the community of a classroom, and the flexibility of learning from home.
The company is building something that looks like the existing public school system, but that has some of the scale and financial characteristics of a technology business.
Primer is focusing on core subjects, like math, reading, and writing, and hiring teachers who want to run their own schools.
There are plans to incorporate AI technology to help deliver a better and better education for a lower and lower cost.
If you’re a teacher that’s interested in launching a micro school, there’s a massive opportunity to work for a company that is fixing a dysfunctional incumbent. In the US.
Education will not be a winner-take-all market, and it shouldn’t.