Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

Edsurge

Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. They started the company to solve a challenge that they both knew well: how to provide fast and actionable feedback to writing students. The company has also begun partnering with other companies such as Pearson and Microsoft. That’s challenging because when you’re a small company, you’re often a lot of engeineers in a room and you’re not in the classroom."

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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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The 2019 EdSurde Annual Special: Edtech April Fool’s News That Should Stay Fake

Edsurge

Chegg’s chalked up an excuse-generator to help you weasel out of doing homework, taking tests—just about anything. As early as Monday morning, students posted photos of word problems asking how many oranges Mickey Mouse has left after Donald Duck absconded with some, and how quickly Spider-Man would meet Homer Simpson if Spidey started swinging from Manhattan at noon and Homer’s Springfield train left the same time going 70 miles per hour.

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

Edsurge

These meetings, she says, inform how they interact with entrepreneurs. Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. It brought over the companies from the Seed Fund into its portfolio as well, and re-invested in 14 of them.) For Reach, they include Sesame Workshop and TAL Education, a Chinese education company. “We WriteLab (Chegg).

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

Edsurge

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. Reactions from the company’s investors have included surprise, disappointment and a desire to forget the deal ever happened.

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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

” Via The New York Times : “ Kushner ’s Family Business Received Loans After White House Meetings.” ” (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.). Via Edsurge : “ Cheating on Chegg ?

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Hack Education Weekly News

Hack Education

Via The Wall Street Journal : “ California plans to sue one of the nation’s largest student loan companies.” ” Edsurge wants you to “Meet Two Leaders Trying to Reinvent College.” Speaking of terrible ideas taken up by terrible people and terrible companies, Andrew Ng – yes, of MOOC fame – says that we should be less concerned with making self-driving cars safe and more committed to training bystanders (pedestrians?

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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.” ” Via Recode : “ Google CEO Sundar Pichai canceled an all-hands meeting about gender controversy due to employee worries of online harassment.” 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

” Via Buzzfeed : “Republican Proposal Would Make Trump University Lawsuits ‘Almost Impossible’ ” Via The Washington Post : “ Chance the Rapper is meeting with Illinois ’ governor about education funding. ” Reminder: here are the education companies Palantir founder Peter Thiel has invested in. Via Edsurge : “What Colleges Should Know About A Growing ‘ Talent Strategy ’ Push By Companies.”

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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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