Euan Blair's Education Start-Up Valued at $200 Million Amid Shift Away from University Education

Strategic Insights -

The entrepreneurial endeavors of Tony Blair's eldest son, Euan Blair, are challenging the notion that university education is the path to success. Euan's education start-up, Multiverse, offers apprenticeships to young people, partnering with leading employers such as Google, Facebook, and Microsoft. With over 100,000 applications received, Multiverse aims to provide an alternative to the university system, which Euan believes is fundamentally broken. His vision is to empower young people to build great careers without absorbing increasing levels of debt associated with university education.

Key Takeaways:

  • Multiverse, an education start-up founded by Euan Blair, has been valued at $200 million after securing $44 million in an investment round led by General Catalyst.
  • The company aims to provide an alternative to university education by matching young people with apprenticeships at leading employers.
  • Euan Blair believes that the university system is fundamentally broken and that apprenticeships should be prioritized as a way of empowering young people to build great careers.
  • Multiverse has received over 100,000 applications for its service and plans to create 200 jobs this year through expansion in the UK, Europe, and the US.
  • Euan Blair studied ancient history at the University of Bristol and took a master's degree in international relations at Yale.
  • Multiverse has been helped by the government's apprenticeship levy policy, which is encouraging large businesses to set aside money for training.
  • The company aims to ensure that apprentices only start apprenticeships they actually want to finish by matching people with the right opportunity at the right employer.

Statistics:

  • Multiverse has been valued at $200 million after securing $44 million in an investment round.
  • Over 100,000 people have applied for a role via Multiverse's service.
  • 200 jobs will be created this year as part of Multiverse's expansion in the UK, Europe, and the US.
  • Multiverse aims to empower those from diverse communities to access the very best opportunities through apprenticeships.

Sources:

  • James Hurley, Enterprise Editor, Jack Malvern,

("One of Tony Blair's greatest ambitions was to get half of young people to study at university, a feat he and his successors took 20 years to achieve. That may soon begin unravelling because of the entrepreneurial efforts of his eldest son.")

Note: Sources are provided exactly as they appear in the original text.