Strategy
Growth and Buyout Investments in:
1. Digital Transformation of Education
Digital education is already a $100 billion market in the U.S., and 2-3x larger globally. Across education markets, all business processes are moving online,including marketing and enrollment, financial aid, student support, re-enrollment, career services, and advancement. Covid has massively accelerated movement to digital education across K-12, postsecondary, and corporate training.
The reach of digital technology in education has doubled in the last five years, and edtech spending is projected to double in the next five years. At the same time, the market capitalization of education and training companies is less than 1/10 that of healthcare companies. A great deal of value will be created in edtech over the next decade.
2. Digital Transformation of Employment
We Are Focused On Closing the
Skills Gap by Eliminating:
Education Friction
- 4+ years to earn a degree
- Nearly 50% of students who enroll fail to earn a degree
- $40k average student loan debt
- No job guarantee
Hiring Friction
- Hundreds of applicants for each position
- Each bad hire can cost $100,000 or more
- Increased churn
- Therefore only hire candidates who’ve literally done job before
- What happened to entry-level jobs?
And Effecting a Revolutionary Shift
From Degree Based to Skills-based Hiring
via Last-Mile Training (LMT)
Last-Mile Training takes a Design Thinking approach to the skills gap: designing backwards from good entry-level jobs rather than forward from high school. What skills are employers demanding for entry-level positions in IT, data analytics, healthcare, biotech, finance, energy, sales, digital marketing, and what training is required? These are the key elements of all Last-Mile Training programs: Primarily digital skills, soft skills, and industry knowledge.
Who We Are Looking to Partner With
Achieve invests in sectors where the supply of talent does not meet demand and is inhibiting growth and partners with established platform companies with a strong base of clients.
What We Believe
We Need to Create
Opportunity for Americans
The skills gap is a social crisis that has closed off opportunity for tens of millions of Americans
Let Think Tanks Debate
The Future Of Work
However technology changes work, it is urgent that we enhance America’s retraining and upskilling capabilities. In this respect, the future of work is now.
A Scalable Model To Close
America’s Skills Gap
New employer-centric models have the potential to change the paradigm for postsecondary education and workforce development.
Talent Is Evenly Distributed,
But Opportunity Is Not
New pathways to employment will help tens of thousands of Americans find good first jobs.
Thought Leadership
Want to Learn More?
Contact Achieve Partners for information about Investment and Partnership Opportunities