A Pair Of Social Entrepreneurs Start To Win In The Daycare Disruption Space

Sure, macroeconomic conditions change and the cost of capital underpins everything loss-making, high growth start-ups are valued on. It just feels a bit tough on founders like Teo, who now had to fire 44 people to fit a growth profile that, until two months ago, was likely the apple of her VC investor’s eye.

“Child care is a textbook example of a broken market,” said Treasury Secretary Janet Yellen, a mother herself. She pointed out that families spend, on average, 13 percent of their income on child care for young kids, yet day-care workers earn so little they rank in the bottom 2 percent of all professions.