NGPF Podcast: Reach Capital's Shauntel Garvey and Jennifer Carolan discuss trends in educational technology
Thanks to Jennifer Carolan and Shauntel Garvey for joining me on the NGPF Podcast recently. NGPF got its start in the Reach Capital offices so I am eternally grateful to Jennifer and Shauntel. Not only did they provide us with space (a table) but they also provided the wise counsel and guidance that we needed. In this podcast, they provide insights into the life of a venture capitalist, what they look for in start-up edtech companies and then share a few war stories from several of their portfolio companies, including Nearpod and Newsela. Enjoy!
- 0:00~1:23 Introduction
- 1:23~5:59 Jennifer talks about how she got into the venture capital world
- 5:59~9:33 Shauntel discusses her passion for education and technology
- 9:33~11:52 On having complementary skills as co-founders
- 11:52~15:07 Typical day as a venture capitalist
- 15:07~19:27 What makes a good pitch?
- 19:27~27:22 On investing in Nearpod
- 27:22~31:32 On evaluating companies
- 31:32~38:31 The emphasis on diversity, equity, and inclusion
- 38:31~39:29 What to include in a pitch
- 39:29~42:24 Women in venture capital
- 42:24~45:01 What’s missing in EdTech?
- 45:01~47:05 How many pitches do you hear in a week?
- 47:05~49:43 The future of venture capital
- 49:43~52:53 Future EdTech products
- 52:53~54:30 Conclusion
“I want to make sure that [when I invest in a company] there’s a big vision here. Maybe you’re starting as one niche in something but then how does it get big eventually?” -Shauntel
“I think it’s so important for this whole industry to think about the implications and impact of what they are funding because venture capital is a powerful sector in terms of fuel for growth for companies.” -Jennifer
About the Authors
Ren has been working part-time at NGPF since 2014, interning through high school and college. With his knowledge growing alongside NGPF, after graduating from college in 2020, he joined the team to work full time with a focus on teacher onboarding. He is also the editor of the NGPF podcast and makes sure it is accessible to teachers on iTunes, Stitcher, and Google Play Music. During his free time, he likes to try out coffees from different roasters across the world and try out new brewing methods, even though personal finance gurus tend to caution against buying a cup of joe.
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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