Happy to read this news.

I personally won't be able to apply for my edutech startup with them, but am sure it would encourage a lot of other hackers who give this space a pass due to all the challenges specific to this domain.

Another HN user covered them pretty very well in this comment - http://news.ycombinator.com/item?id=1879171

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  Education systems have huge budgets, but they are always run by such [REDACTED] 
  people that the money is never used as a lever to get what they need. 

  Education systems are quite happy to spend millions of dollars on consultancies 
  and studies, but because the focus is on risk avoidance they never actually 
  achieve anything.

  (And yes, there are a few exceptions. Having destroyed myself trying to 
  achieve anything in that sector I applaud all the more for those 
  who have managed it.)

  For anyone considering doing a company in this space, read all the 
  warnings you hear about doing enterprise software, and then take away the 
  fact the most enterprises are at least rational (if slow).
 
  Then also remove the fact that enterprises pay people well, 
  so they are usually a few decent people who you can deal with. 
  Then add in politics, the election cycle, unions, teachers, lectures, 
  "duty of care" considerations. If you are still considering that sector, 
  then good luck!!

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