More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

Edsurge

In the heartland of America, one company is raising big bucks in a bid to capture this lucrative market. Louis-based company’s $50 million Series B round, which closed in November 2015. Already boasting 4,000 tutors covering 1,000 subjects, the company is on the hunt for more teachers. That feature is a far evolution from the company’s humble beginnings in Washington University, where Cohn started the business as a student in 2007. Tutoring is big business.

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Blackboard Co-Founder: ‘4 Secrets to Building a Tech Company for Higher Ed’

Edsurge

To mark the 20th anniversary of Blackboard, one of the first LMSes, the company’s co-founder, Matthew Pittinsky, wrote an epic blog post about the company’s history, which includes his advice for today’s edtech leaders. As origin stories go, the founding of Blackboard twenty years ago lacked that single light bulb moment that tech companies like to tell. The winner of the LMS market would be the company with the most widely adopted platform.

Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

Edsurge

higher education courseware in 2015, down from 50 percent the year before, according to a 2018 report from Macquarie, an investment bank and financial services company. I feel like even if the print books are a tad more expensive, they’re worth it, in my opinion,” Mullins said.

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How Merger of Two Textbook Giants Could Impact Course Materials

Edsurge

That appears to be the hope of officials at the two companies, which have both been trying for years to shift the focus of their businesses from selling print books to shipping software and other online tools, and have recently been experimenting with subscription models.

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In Move to ‘Unlimited’ Pricing Model, Cengage Hopes for a Comeback

Edsurge

The company reemerged a year later intent on growing its digital offerings and making more strategic acquisitions and partnerships. At the recent ASU+GSV Summit in San Diego, EdSurge caught up with Cengage CEO Michael Hansen to capture his thoughts about the (un)affordability of course materials, faculty concerns about digital texts and what the company is looking for in its next acquisition. These are students that are buying a used book from another student.

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Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

By leveraging the digital medium, textbook publishers decided to fight the monopoly and try to provide reasonably priced books. This decrease in state funds have compelled educational institutes to prescribe high priced books, so that they can earn from their bookstore contracts. Education loans are easily available, and hence assuming that students can anyway pay for the books with their loan funds, publishers refuse to bring down the textbook prices.

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Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

A lot of big names in the publishing industry have had to restructure business operations due to the decreasing number of print book sales. Switching over to digital publishing will also reduce the loss from unsold books. Companies like Chegg, eFollett, and BookRenter are offering new textbooks on rent for less than the price of a used book. Today, a lot of companies offer subscription-based services.

?Major Publishers Dismiss Lawsuit Against Follett Corporation

Edsurge

Follett Corporation, a textbook distribution company, announced this week that it has agreed to adopt a set of “ Anti-Counterfeit Best Practices ,” a list of guidelines co-developed and endorsed by four major textbook publishers. As part of the agreement to adopt the principals, the publishers dismissed their case against Follett, which claimed the company was purchasing illegal copies of textbooks and selling them at its college stores and through other distribution channels.

?Major Textbook Publishers Sue Follett Over Counterfeit Sales

Edsurge

The companies claim many of Follett’s textbooks are purchased from questionable distributors that sell illegally-copied versions. However, the company released a statement calling the lawsuit an attempt to “cripple the campus store’s ability to provide lower-cost course material options, leaving students little choice but to buy higher priced texts from the publishers.” Other textbook distributors, including Chegg, Inc.

Hack Education Weekly News

Hack Education

“ Is Running a Company Like Leading a Classroom? Via The Outline : “The rise and fall of the company behind ’ Reader Rabbit’ and all your favorite educational games.” ” A data breach at Chegg – more details in the data and surveillance section below. The learn-to-code company has raised $6.9 Via Techcrunch : “ Chegg resets 40 million user passwords after data breach.”

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Hack Education Weekly News

Hack Education

I’ve got Joshua Hunt’s new book The University of Nike sitting here on my desk. Here he is in The New York Times : “Tell Us 5 Things About Your Book: College Athletics and Its Corporate Sponsors.” Doesn’t look like the company has anyone to take his place yet. Instead, the company handed him a $90 million exit package, paid in installments of about $2 million a month for four years, said two people with knowledge of the terms.”

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

Edsurge

Bloomz , ClassDojo , Remind ), established companies ( SchoolMessenger ), and other deep pocket players from learning management system providers that already boast significant traction here. Do you know what company is “Facebook for country X?” This means that customer acquisition is challenging and your company’s revenue model has to be rich enough to support it. Yet another student book exchange. Chegg (or Amazon for that matter)?

MissionU Says It Can Replace Traditional College With a One-Year Program

Edsurge

A venture-backed company today announced a new educational offering billed as an alternative to the standard undergraduate experience. He started his career as a consultant for Bain & Company, but during a trip to India when he was 25 years old he was inspired to start a nonprofit, Pencils of Promise, and to write a bestselling memoir called “The Promise of a Pencil: How an Ordinary Person Can Create Extraordinary Change.”

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Hack Education Weekly News

Hack Education

” Via Education Week : “Security Companies Sell School ‘Hardening’ as Mass-Shooting Solution.” ” Via MyNDNow.com : “ Iowa company donates AR–15s to be placed in Bismarck schools.” “Online education unicorn Udacity has quietly laid off 5% of staff – at least 25 people – since August,” says Techcrunch , proving that “ unicorn ” is really a meaningless label for tech companies.

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Hack Education Weekly News

Hack Education

” (I’m including this here because all of these entities – Kushner’s family, the companies he received loans from – have education investments too.). ” (Learndirect is a job training company that has a major contract with the UK government.). ” Speaking of Udacity , the company has responded to the outcry about its all-male, mostly-white advisory board by dissolving it. Via Edsurge : “ Cheating on Chegg ?

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Hack Education Weekly News

Hack Education

Not really ed-tech-related, except for all those companies saying they’re “Uber for education.” Meanwhile on Campus… Via the Dallas News : “Self-published ‘ Pepe the Frog ’ kids’ book is conservative but not alt-right, Denton ISD admin says.” The Chan Zuckerberg Initiative ’s CTO, Brian Pinkerton , is leaving the company. ” The Chronicle of Higher Education on Elsevier “becoming a data company.”

Hack Education Weekly News

Hack Education

” The winners of this year’s Pulitzer Prizes include Harvard University’s Matthew Desmond for his book Evicted and the Salt Lake Tribune’s staff for its reporting on sexual assault at BYU. ” Pearson and Chegg are partnering for textbook rentals. The private student loan company has raised $50 million total, but I’m told “fintech” doesn’t “count” as ed-tech so let’s just ignore this trend, right?

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5 Ed-Tech Ideas Face The Chronicle’s Version of ‘Shark Tank’

Wired Campus

In the TV series Shark Tank, entrepreneurs with budding companies pitch their ideas to a panel of investors who ask probing questions and then decide whether to back the proposals. Our sharks were Goldie Blumenstyk, a senior writer at The Chronicle; Jason Jones, a co-editor of the ProfHacker blog and director of educational technology at Trinity College, in Connecticut; and Paul Freedman, founder of Entangled Ventures, an education-technology company.

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