This document outlines three key ingredients needed for a successful ed tech ecosystem: 1) People with experience in education, technology, and investing; 2) Connectivity through online platforms and infrastructure to reach users; and 3) Dedicated early-stage capital from investors incentivized by both financial returns and social impact. It discusses how the U.S. has led the way in developing these ingredients but there is opportunity to build global ecosystems by optimizing deal flow across borders and diversifying investment sources. A global approach can foster collaboration, maximize potential markets, and develop solutions to educate the 96% of students currently outside the U.S.