AltSchool Arranges $100 Million as Fun to Reestablish Education for US Teachers & Students
San Francisco – The renowned AltSchool started teacher appreciation important week with massive $100 million fund to accelerate its idea of re-engineering US education from current status.
AltSchool raises $100 million to accelerate its educational strategies to reinvent education in US. Andreessen Horowitz and Founders Fund led the round along with Facebook Mark Zuckerberg as well as Priscilla Chan’s fund at Silicon Valley important community foundation. Additional money investment came from Learn Capital, first round, Emerson Collective, Harrison Metal, John Doerr, Adrian Aoun, Omidyar Network, and Jonathan Sackler. This important round also adds a new debt solution to funding needed school expansion.
It is a fact that schools in US are struggling. Currently, students have been ranked 36th among industrialized countries in mathematics proficiency, and thus score at or below needed average in modern science as well as reading. Contemporary educators are noticing the profession in great numbers. Around half a million modern teachers leave each year that costs about $2.2 billion per year.
No doubt, it’s more than double the price from just 5 years ago. Moreover, turnover is certainly higher among modern teachers, with about 50 percent quitting just within 5 years. “In order to transform existing education, we should alter the culture around how we help our teachers,” said the official.
AltSchool basically wants to reinvent education system in the country. It is certainly the key reason behind raising the massive $100 million. With the help of this massive fund, the organization would be capable of transforming existing education system.