Next Campus reposted this
This is some really interesting data by Brandon Busteed. Two-thirds of the largest global companies (by annual revenues) are publicly traded. One takeaway could be that "business" and education are moving in opposite directions. In business - the largest are public and then there is a large volume just under the biggest that are private (the 90% of all firms with >$100mm ARR that are private). In education, it's the opposite - the largest (SNHU, WGU, etc.) are private (except ASU) with a large volume just under the biggest that are public (the long list of state colleges and universities). Two questions: 1 - would others agree with this analysis? 2 - what does it mean?
Some pretty stunning data I just came upon that got me thinking about both the U.S. economy and U.S. higher education: ⚫ “At their peak in 1996, there were 7,300 publicly traded companies in the US. Today there are about 4,300." ⚫ "Nearly 90% of all firms with revenues greater than $100 million are now private... Privately-owned firms also account for nearly 80% of all US jobs openings.” ⚫ "The number of private companies in the US backed by private equity firms, meanwhile, has grown from 1,900 to 11,200 over the last two decades...” (Link to CNN article reference in comments below.) ⚫ In the meantime, the top 4 largest universities by enrollment (and which have also been among the fastest growing in the past two decades) in the U.S. are all private institutions: WGU, SNHU, Grand Canyon and Liberty. (Link to Statista reference in comments below.) Certainly, we still have plenty of highly successful publicly-traded companies and public colleges and universities. Are the trends behind these shifts related? Curious what you all think. #highered