How much of the markets souring on educational management organizations is due to Edison?
In other words, what’s at stake in Edison’s success or failure? Does the fate of the whole privatization movement, of these kinds of companies, in some way ride on Edison? Does Edison matter in that way? Edison does matter to them. It matters to other people who have new ideas that they had hoped to use public capital to develop. … Today it’s far less likely that a novel education company or, indeed, a company in any sector … with a bright idea that needs financing is going to get the same reception in the public markets as it would have five or six years ago, when Edison went public. … On the other hand, there’s the world of private equity — that is, the people who invest in private companies and help them grow enough to become public. Apparently there’s a perception that they haven’t had a lot of choices available to them lately. There’s a lot of investment money that’s been sitting on the sidelines, looking for good things to invest in, and some of those ideas may be in the e
