We saw in Part 1 that higher education has responded repeatedly to three external stimuli to change: new social demands on colleges and universities, the availability of capital from new sources to finance innovation, and the emergence of new organizational models that can be adapted to academic goals. When these three forces align, the past tells us that new kinds of institutions will emerge—and that they will join their predecessors in altering the higher education landscape. The question for Part 2 of this book, therefore, is how these patterns of past innovation will shape the future of colleges and universities. I will argue that we can already see the outlines of the next wave of innovation.