Edtech Industry Magnate Michael Moe Makes a Pivot

Edsurge

In an interview with EdSurge, Moe reflects on his path that took him on a “25-year passion” in the education industry, and what lies ahead. DeVry University was another very successful company, delivering important skills for the untypical college student, as was Education Management Corp.

Cheating on Chegg? Maybe Not on Its Tutoring Platform

Edsurge

That’s an example of a request that can be found on online tutoring services like Chegg, as shared by a senior data scientist at the company, Sanghamitra Deb. Yet this is the kind of “help” that Chegg’s tutoring service can sometimes be used for. based company wants to thwart. The company, however, does not want students to use its site to get tutors to do their work for them. So to flag such ethically dubious requests, the company uses machine learning.

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Mark Cuban, ECMC Lead $1.8M Round for Cluster to Develop Industrial Tech Talent

Edsurge

The allure of “tech jobs” and the salaries they command have given rise to new industries, from coding bootcamps to specialized recruiters. Yet the likes of Google and Facebook sometimes overshadow sectors that have been—and remain—core to the American economy: industrial manufacturing. Other investors include education technology executives, like Penn Foster CEO Frank Britt and Chegg CEO Dan Rosensweig, along with Zynga founder Mark Pincus and Flatiron Health CEO, Nat Turner.

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

Edsurge

The industry has spawned celebrity millionaires in South Korea. 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. After graduation, he continued running the company as a side project while working in investment banking as his day job.

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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.

Students, celebrities connect for tutoring

eSchool News

Students will have the chance to connect directly with celebrities in one-on-one tutoring sessions through Chegg Tutors: VIP Edition. All tutoring sessions will take place this fall through Chegg’s online tutoring platform, Chegg Tutors.

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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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Reach Capital’s Newest Education Technology Investment Fund Closes at $82 Million

Edsurge

Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. based firm has established itself as a familiar name within the education technology industry. It brought over the companies from the Seed Fund into its portfolio as well, and re-invested in 14 of them.) Returning backers include what Garvey calls “strategics,” the industry parlance for organizations that operate in the same sector.

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. Tell me a little bit about some of your recent partnerships with companies such as Chegg.

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Where in the World Is Planet3? An Educational Gaming CEO Seeks His Second Act

Edsurge

But at an all-hands meeting at the company’s Washington, D.C. Some employees hoped the company could turn around and stayed on without pay. “We Esther Wojcicki, the esteemed journalism teacher at Palo Alto High School, joined in 2016 as the company’s chief learning officer.

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Education Technology’s Machine Learning Problem—and Responsibility

Edsurge

From Formula 1 to Yelp, industries across the board are seeking ways to apply machine learning to their work. The speakers were Carlos Escapa (Senior Principal, AI/ML Business Development, Amazon Web Services), Vivienne Ming (Founder and CEO, Socos Labs), Matthew Ramirez (Director of Product Management, AI Writing Tools, Chegg) and Andrew Sutherland (CTO and co-founder, Quizlet). Ming recommended that companies hire domain experts who can build the machine learning system.

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Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

Edsurge

edtech companies last year, the dollars returned with a fury during the first six months of 2017. Company. Several private-equity-backed companies have invested heavily in the “platform” approach. PowerSchool, owned by Vista Equity Partners, has acquired eight companies since June 2015. The strategy has worked for a few older companies: Kaplan, for instance, began in the test-prep business and has since moved into higher education, corporate training (and a.

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Top Trends Higher Education Textbook Publishers Must Follow

Kitaboo on EdTech

Big names in the publishing industry like Cengage and Pearsons have already moved to digital publishing and have built their loyal customer base. A lot of big names in the publishing industry have had to restructure business operations due to the decreasing number of print book sales. Collaborate with Industry Experts: There seems to be a massive mismatch between employer needs and student skills. Today, a lot of companies offer subscription-based services.

Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

Publishers resorted to this move with the sole ambition of survival in the publishing industry. Cengage recently introduced a new subscription model that gives students access to all of the company’s digital course materials for a semester or an year. Similarly, Pearson has made some of its textbooks available for rent through Chegg. Related: Can the US Higher Education Publishing Industry Leverage A Subscription Model. Increase in Textbook Prices Over the Years.

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Acquisition Autopsy: Details—and Questions—Behind MissionU’s $4M Sale to WeWork

Edsurge

Usually, when a hot startup gets acquired by an even hotter one, the industry cheers. Two years ago, the “college-alternative” company launched to glowing coverage on TV shows, raised $11.5 A company’s closure naturally raises question about the viability of its ideas and business model. Fast Company, which broke the story , reported that the acquisition was an all-stock deal.

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?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.

Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

Edsurge

I’m excited for the industry’s future, and I think we can make money investing in publicly-traded edtech companies. You disagree and say that we’re both better off investing across a wider variety of industries. I think you’re wrong, so I propose a bet: We’ll both invest in a basket of stocks on January 1, 2012—mine representing the edtech industry, and yours the whole economy. Vanguard index fund which tracks the biggest companies on the NYSE and NASDAQ exchanges.

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The 2018 EdSurde Annual Special: Surgecoin, EduWands and Other News Not Fit for Print

Edsurge

But some companies are jumping the gun. Chegg appears to have borrowed a page from Duolingo’s previous shenanigan for the Osmosis Pillow , which takes “memory foam” to another level. CONTROL+ALT+DELETE: In the biggest blockbuster deal that the industry has seen since Prussia was on the map, ControlSchool merged with AltSchool and DeleteSchool. Company leaders promise (fingers crossed!) Happy first of April—a day where the joke’s on all of us.

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Hack Education Weekly News

Hack Education

Via Inside Higher Ed : “Two sports apparel company executives and an aspiring sports agent were found guilty Wednesday of wire fraud charges in connection with the most significant sports scandal in recent National Collegiate Athletic Association history – a scheme to pay off the families of men’s basketball recruits and secure their commitment to teams at Adidas-sponsored universities.” Doesn’t look like the company has anyone to take his place yet.

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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

” Challenging forced arbitration clauses has been one way the CFPB has taken on the student loan industry. Via Buzzfeed : “A Close Ally Of Mike Pence Is Helping The Shady Student Debt Relief Industry.” Via Techcrunch : “ Holberton gets backing from more industry executives as it looks to scale its software engineering school.” No disclosure in this or its Class Central article that it shares investors with these MOOC companies.).

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Hack Education Weekly News

Hack Education

Via Forbes : “The Startup President: How France ’s Macron Nearly Built An EdTech Company.” ” Ed-tech: where you don’t need an actual product idea for a company, and you can incubate your neoliberalism anyway. But they’re connected to the new Woz U and a web of for-profit companies – raising questions of conflict of interest and legal compliance.” So many people predicting this company would disrupt higher ed.

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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.” OpenSecrets.org on how the student loan industry and higher ed institutions spend their lobbying dollars : “The politics behind your college and how you pay for it.” The Chan Zuckerberg Initiative ’s CTO, Brian Pinkerton , is leaving the company. ” The Chronicle of Higher Education on Elsevier “becoming a data company.”

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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