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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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.

Education Technology’s Machine Learning Problem—and Responsibility

Edsurge

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). The Data Problem What makes machine learning work is data—but that data can be biased in problematic ways that can lead to misleading and disturbing outcomes.

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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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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

Edsurge

Most of them offer some variation of the thesis that improving how “engaged” students are in their coursework and community will boost academic outcomes which will then increase retention. 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?” Chegg (or Amazon for that matter)?

Hack Education Weekly News

Hack Education

Via Inside Higher Ed : “ For-Profit College Attendance Linked to Poor Financial Outcomes.” 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.” It’s a rot at the very core of the company’s leadership team. The learn-to-code company has raised $4.6

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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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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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