What a year it’s been. 2025 asked a lot of educators, innovators, and each one of us. Still, I saw remarkable courage across our portfolio and our field.

In this message, I reflect on the venture leaders who showed up for students — including the 80 teams we supported with more than $23 million — and the students who showed up for all of us this year. Our ventures are advancing real-world learning, strengthening literacy and math, and pioneering new approaches to teaching and learning leveraging AI. Watch my full reflection on how courage carried us this year, and what will be essential for building what’s next.