Announcing The GSV Cup!
GSV Ventures (formerly known as GSV AcceleraTE) is thrilled to announce our inaugural GSV Cup Competition for up to $250K in prize money in partnership with Holon IQ! We proudly invite the world’s most innovative pre-seed and seed stage global tech companies across the Enterprise & Talent, Early Childhood, K-12, and Higher Education markets to apply to be one of the “Elite 200” presenters at the 2020 ASU GSV Summit from March 30th to April 1st in San Diego.
All companies in the “Elite 200” will receive a comped ticket to the 2020 ASU GSV Summit for the CEO/founder from the company. The top three companies will then compete on StageX at ASU GSV XI on Wednesday night, April 1st to win the GSV Cup and take home prize money totaling $250,000. Applications are due December 1st and we will release decisions on the “Elite 200” in December.
As initially predicted in 1996 by Co-Founder of GSV Asset Management, Michael Moe, in The Dawn of the Age of Knowledge, we are witnessing significant momentum across the $6+ trillion “PreK to Gray” market of learning and talent technology. With talent coming in from all different industries and sectors, we believe the time has come to harness this innovation taking place within workforce and education on a global scale.
Beginning with Enterprise & Talent, we are seeing a new wave of companies focused on bending the arc of human potential. On the learning side, never before has the global demand for reskilling and upskilling been greater. Only 30% of adults have a college degree or higher but in 2020, 65% of jobs will require one. By 2020, there will be 6M unqualified jobs in the U.S. alone with 95M globally. By 2030, as much as 30% of work done globally could be automated, further underscoring the need for ongoing learning. Beyond learning, a quickly evolving workforce landscape (ex. rise of gig economy, increase in remote workers, etc.) has paved the way for talent focused innovations.
We are also seeing momentum across other sectors within learning & talent technology as well. With the rise of digital native Millennials comprising 90% of all parents today and 1/5 of Americans spending 25%+ of their income on childcare, the early childhood market is becoming increasingly active. There has also been a notable uptick in K-12 consumer offerings with 20% of U.S. parents spending $2.5K+ of their discretionary income annually on kids and even higher levels being spent in Asia. Global L&T growth has also stemmed from a burgeoning youth population leading to China and India comprising the two largest Internet user bases globally. Capitalizing on all these megatrends, it is no surprise that both U.S. and global capital invested in this sector have reached record levels over the last couple of years.
The ASU GSV Summit has been an invaluable platform for all key stakeholders in this sector and we could not be prouder of the company we keep. Last year, at our 10th annual summit, we had 5K+ attendees across 350+ of the world’s most innovative companies from over 45 countries. In attendance, we had over 300 investors representing $5T of capital, and over 200 talent leaders from global employers & 800 notable K-12 and higher education trailblazers.
This year, we remain supported by our excellent Summit community for this competition. Leading global VC firms and strategic partners in the education and talent space will be judging this competition. Judges, confirmed to date, include representatives from:
We can’t wait to get to know all of you and thank you in advance for making this the best competition ever! Best of luck from team GSV!!
