Just as Bloomberg Businessweek was wrapping up a cover feature on the L.A. startup Imbellus, the college world began shaking: the FBI announced arrests of 50 people accused of fraud while attempting to smooth their children’s path into elite U.S. universities. Imbellus founder Rebecca Kantar believes part of the problem in the college inequity process lies with our focus on standardized testing, which she says leaves little room for developing new thinking strategies that benefit adults in the real world. But first, Kantar has to convince colleges – and dodge the inevitable Elizabeth Holmes comparisons.

IN OTHER NEWS: When Google Fiber abandons your city as a failed experiment (GIZMODO); New research suggests innovation is six times higher at companies where men, women treated most equally (CNBC).