Edtech Earnings Roundup: How 2U, Chegg, Instructure and Pluralsight Fared in Q2 2019

Edsurge

The latest quarterly earnings for publicly traded education technology companies was especially rough for 2U , which revised its loss guidance for the year and stated that it expected enrollment challenges to its core business of running online graduate programs with universities.

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

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Once upon a time the learning-management system (or LMS) was a new idea. 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.

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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The Post-Pandemic Outlook for Edtech

Edsurge

The sudden shift gave leaders at DreamBox Learning, a math education company headquartered nearby, an early glimpse at the upheaval to come and an inkling that digital teaching tools would soon be in high demand around the country. The pandemic came early to Seattle.

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Byju’s Becomes an Edtech ‘Decacorn’ After Fundraise from Mary Meeker’s Bond Capital

Edsurge

That’s the industry lingo for companies valued at $10 billion or more. It’s an ultra-exclusive club of two dozen companies across the world, according to CB Insights. Just in February, the Bengaluru-based company raised $200 million from existing investor General Atlantic.

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EdSurge HigherEd Year in Review: Our Top Higher Education Stories of 2018

Edsurge

Cheating on Chegg? How the Company Aims to Catch Tutoring Requests That Go Too Far. It’s no surprise that students would ask for help on platforms like Chegg, which offer digital textbooks as well as tutoring and homework help. Here’s a look at how the education company is responding. Beyond Design Thinking: Why Education Entrepreneurs Need to Think in Systems. In 2016, the company reported its largest loss in its history, down $3.3

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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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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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). You have a real moral obligation to understand why your system is making the recommendations it’s making.” Ming recommended that companies hire domain experts who can build the machine learning system.

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

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Chegg’s chalked up an excuse-generator to help you weasel out of doing homework, taking tests—just about anything. BACK TO THE FUTURE: Weary of unwanted scrutiny, companies that once described themselves as the “Facebook of education” are now scrambling to disassociate themselves from the beleaguered social network. HAPPY MEALS, PERSONALIZED: McDonald’s just acquired an AI tech company to personalize the drive-thru experience. One company is responding with a new approach.

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Edtech Industry Magnate Michael Moe Makes a Pivot

Edsurge

But that grew into the 25-year passion for me, both professionally and personally, around re-imagining the education system and how you provided people equal access to the education they need to thrive. public market cap companies.

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. Financial terms were not disclosed, although the entire education operating system was reset as a result of the transaction. Company leaders promise (fingers crossed!) TEACHERS ACTUALLY PAY TEACHERS: TsPayTs’ newest feature takes the company’s name to another level.

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

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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. Chegg (or Amazon for that matter)? Do you know what company is “Facebook for country X?”

The 100 Worst Ed-Tech Debacles of the Decade

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Without revenue the company will go away. Or the company will have to start charging for the software. Or it will raise a bunch of venture capital to support its “free” offering for a while, and then the company will get acquired and the product will go away. (It’s

Hack Education Weekly News

Hack Education

Via The New Yorker : “ Georgia ’s Separate and Unequal Special-Education System.” Via Inside Higher Ed : “Trump administration’s list of primary finalists to operate an overhauled student loan servicing system excludes Navient , a large and controversial servicer, which instead is participating in the program as a subcontractor in a team.” “ Is Running a Company Like Leading a Classroom? The learn-to-code company has raised $6.9

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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.). ” That is, the closure of the University of Texas System’s Institute for Transformational Learning. The company makes student loans based on students’ “academic data.”

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Hack Education Weekly News

Hack Education

Perhaps this should go under the “surveillance” section below, but as the article references gunshot-detection systems, I’m putting it here. ” 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.” The language learning company has raised $12.5

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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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Hack Education Weekly News

Hack Education

" It’s lovely to see the big innovation from the MOOC startups in 2017 involves the learning management system. ” “Can States Tackle Police Misconduct With Certification Systems?” ” 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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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. of Texas System Apologizes for Revoking Nepali Students ’ Scholarships.” 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.”

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Hack Education Weekly News

Hack Education

Secretary of Education Betsy DeVos today announced that the Puerto Rico Department of Education (PRDE) will be the first to pilot new flexibility under the Every Student Succeeds Act (ESSA) to create a student-centered funding system. Via The Wall Street Journal : “ California plans to sue one of the nation’s largest student loan companies.” Illuminate Education and Key Data Systems and IO Education and SchoolCity and Alpine Achievement are all merging.

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Hack Education Weekly News

Hack Education

No disclosure in this or its Class Central article that it shares investors with these MOOC companies.). Via Inside Higher Ed : “ Alabama will issue manufacturing industry certifications across its two-year college system in an effort to create a better educational pipeline to jobs in manufacturing and transportation.” the nation’s largest virtual charter school management company , as president of academics, policy, and schools.

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Hack Education Weekly News

Hack Education

” 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.” Amazon Web Services suffered a major outage this week, knocking many education companies who use AWS offline. ” Via the press release : “ Cengage , McGraw-Hill Education , and Pearson have joined forces with Ingram and Chegg , Inc.

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