Matt Pasternack

247 posts

Matt Pasternack

Matt Pasternack

@mattpasternack

Starting up

California Katılım Nisan 2009
42 Takip Edilen229 Takipçiler
Matt Pasternack
Matt Pasternack@mattpasternack·
2026 Prediction: the most under-reported, on-trend education story will finally see the light of day. Trend: ESA marketplaces. Story: the supplier experience is laughably bad and will quickly make these marketplaces unusable. The economics at work here are pretty simple. State gives a vendor $ Xm to run an online marketplace for homeschooling and homeschool-adjacent parents to buy education-related goods and services. State also gives parents $ X,XXX to spend in the marketplace. Unlike say, Amazon, there is no incentive (other than altruism) for the marketplace vendor to increase the number of suppliers or deliver a user experience that makes vendors compete (like Amazon's star system). The marketplace vendor has a monopoly and the end user's dollars are only good in one store (that marketplace). To make matters worse, some states compensate the marketplace vendor on a per transaction basis, which, for no policy benefit, incentives the marketplace vendor to incentivize parents to make lots of small purchases. Don't worry it gets worse. As a vendor you have no visibility into the parent experience on the marketplace. All you know is that you are approved by the state. You don't know if you're even visible in the marketplace. You don't know how you show up. You don't have any place to receive or respond to user feedback. The coup de grace? Until recently, in at least one marketplace, you could get yourself on the top of the front page of listings by adding an A to the front of your vendor name. I'm just getting started learning about all of this. I hope a real journalist takes the torch from me, so I can go back to helping kids learn how to read. But if not, you'll definitely hear more about this from me in 2026. And I'll have the difficult decision of listing ourselves as Once or AOnce. 🥂
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Matt Pasternack
Matt Pasternack@mattpasternack·
A lot of 👀 today will be on the 24 grantees of the USED $256m Education and Innovation Research awards, which prioritized high-impact tutoring. Me? I'm even more buoyed by the feedback we got on high-impact tutoring from a school principal this morning (in one of the grantee states!): "Parents have stopped me in carline this week to tell me how amazed they are with their students' reading. One parent told me that their students' two older siblings did not read in Kindergarten and already this year their youngest child is." "It's the human sitting right next to the student that really makes @once_reading work. They are giving feedback immediately and celebrating students' growth and progress." "I have only been here two years but our kinder teachers have said this is the best MOY data they have ever had as a school. They are already looking at the ELA units they usually teach in the spring to think through how they need to adjust." 🎉 Congrats Arkansas Department of Education, Louisiana Department of Education, TEXAS A & M RESEARCH FOUNDATION, Arizona Educational Foundation, Accelerate, CitySchools Collaborative, Kentucky Educational Development Corporation, Maryland State Department of Education (MSDE), Indiana Department of Education, Massachusetts Department of Elementary and Secondary Education, Montana Office of Public Instruction, North Dakota Department of Public Instruction, Arkansas Department of Education, Putnam County School District, Sarasota County Schools, University of Illinois System, CURATORS OF THE UNIVERSITY OF MISSOURI SPECIAL TR, Northeastern Utah Educational Services, The National Fund for Excellence in American Indian Education, NORTHERN HUMBOLDT UNION HIGH SCHOOL DISTRICT, United Way of West Central Mississippi, Delaware Department of Education
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Matt Pasternack
Matt Pasternack@mattpasternack·
There are two former teachers whose pedagogy I take on faith (which is ironic because they are both data driven). Dan Meyer on math. Nathan Patton on reading. One of them is giving a webinar on how to help children go from the ABC's to reading fluently. Wed 12/17 from 6-7 PT: us06web.zoom.us/webinar/regist… Thr 12/18 from 12-1 PT: us06web.zoom.us/webinar/regist…
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Bill Ackman
Bill Ackman@BillAckman·
The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.
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aaron
aaron@aar0nds·
@NWSBayArea berkeley hills!
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Matt Pasternack retweetledi
Once
Once@once_reading·
Teaching #phonics? Check out our blog post and video library to be sure you're pronouncing all sounds correctly. We're thrilled to share another free resource for #earlyreading tryonce.com/post/phoneme-r…
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Matt Pasternack retweetledi
Once
Once@once_reading·
Happy new year! At Once we use printable monthly school-week calendars with space on each day to track learning progress. Kids love them. classroomcalendars.org The calendars are designed for elementary teachers, and we wanted to share them as a free resource. Please share!
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Matt Pasternack
Matt Pasternack@mattpasternack·
My sister suffered a life-threatening medical emergency that suddenly became very timely when Dobbs v. Jackson leaked. She's also a gifted writer. Here's her story: slate.com/technology/202…
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Matt Pasternack
Matt Pasternack@mattpasternack·
It was great to speak to @nhpr about our work to expand accessible absentee voting in New Hampshire. We at @Voting_Works are committed to building a voting system that is secure, private, and accessible for everyone. #stream/0" target="_blank" rel="nofollow noopener">nhpr.org/post/facing-co…
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VotingWorks
VotingWorks@voting_works·
Tomorrow, in the Town of Fulton, Wisconsin, voters will have the opportunity to use VotingWorks equipment integrated with @Microsoft's ElectionGuard technology. Paper ballots with end-to-end verification. voting.works/news/2020/02/w…
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VotingWorks
VotingWorks@voting_works·
We're hiring 2 software engineers, location anywhere in the US. Be part of the team making voting equipment secure and affordable for all. jobs.lever.co/votingworks/fb…
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