I’m increasingly convinced that what is being passed off as innovative in our top prep schools is not much more than incremental improvements. As a cohort it turns out that we have historically been pretty good at high quality education. However, the single largest threat facing our best prep schools is not how to teach students but how to reach students. Ultimately, it is about access, delivery, and the interdependency of the financial model. The future will demand that our independent and private schools are smaller, more focused, and more innovative in their delivery and financial models. There are few, if any, schools today that are not experiencing declines in demand, tuition revenue, and a softening of giving. The writing is on the wall.