You may have seen in the news or heard on your favorite social media channel who has received and or raised funding. For some people this is by far impressive on who got what, especially if it over 100M, and as an analyst, I concur. However, I always have to remember that plenty of systems do not go out and seek raising funds/receiving funds from Private Equity firms, VCs and alike.
As a survivor of the dot.com days, I have noted that we in the e-learning space are for all the sense of the approach back in the dot.com days from a mentality perspective. There are hundreds of companies that are on the wasteland of what was, never to be. Dreams of IPO, left to the sands of time.