Chegg Ditches Ingram for FedEx and Eyes International Growth

Edsurge

A switch in distributors for Chegg’s legacy textbook sales and rentals business reflects, in a way, how the more things change, the more they stay the same. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues. Chegg has more than $1.1

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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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The Post-Pandemic Outlook for Edtech

Edsurge

Soon, schools would be inundated with sales pitches from edtech companies, and it didn’t take long before they started pushing back against those that seemed predatory. For the edtech industry, the pandemic poses a paradox. The pandemic came early to Seattle.

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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. Even so, Ramirez described the edtech environment as “extremely challenging.” What made the offer from Chegg appealing, Ramirez said, “is the opportunity not just to be an isolated component of students’ work, but to simplify the student experience and provide them with more of what they need to succeed in college.” His advice to other edtech entrepreneurs?

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Earnings Roundup: How Public Edtech Companies Fared Following the Outbreak

Edsurge

Chegg The bottom line: Chegg’s first quarter delighted investors. Fueling that growth is Chegg Services, which brought in just over $100 million in revenue last quarter, a 33 percent increase over Q1 2019. Education Technology Investors Coronavirus Financing

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

Edsurge

Byju’s is the newest member—thanks to an investment from technology investment firm Bond, which values the company at $10.5 Bond was founded by Mary Meeker, a former partner at Kleiner Perkins whose annual “Internet Trends” reports have become a must-read for the technology industry.

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US Edtech Closes Decade with Record $1.7 Billion Raised in 2019

Edsurge

education technology sector in 2019. According to an EdSurge database of publicly announced funding deals, investment in edtech companies reached at least $1.66 edtech industry in 2019 is largely mirrored across the broader venture capital landscape.

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. edtech startups is already at 88 percent of the total in 2016 ( which was $1 billion ). Just three years ago, some of the biggest firms on Sand Hill Road—Kleiner Perkins, Sequoia Capital, Benchmark Capital—were happily putting money into edtech startups with unproven revenue models. Home-run bets and financial windfalls are rare in the edtech industry.

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. Chief Mascot Ronald confided with EdSurge that it is considering integrating that technology with school information systems to tweak Happy Meals based on how well children do in school. A stealth San Francisco-based edtech startup offered a glimpse of a “revolutionary” new product. A secret, patented technology reduces eye strain.

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Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

Edsurge

Now pretend that it’s late 2011, and we get into a debate about education technology. I’m excited for the industry’s future, and I think we can make money investing in publicly-traded edtech companies. 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. My edtech portfolio was more difficult to assemble. Our Basket of Edtech Stocks: 2U. Chegg.

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Education Technology’s Machine Learning Problem—and Responsibility

Edsurge

But how is machine learning playing out in education—and how does it impact not just students, educators and parents, but also the businesses building technology tools to support teaching and learning? At the SF Edtech Meetup, hosted by EdSurge on July 10, four panelists gathered to discuss the challenges around deploying machine learning in the classroom and the boardroom. Machine-learning technology can help humans perform these types of tasks. “I

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

Edsurge

based firm has established itself as a familiar name within the education technology industry. It eyed the edtech industry as early as 2014, says Elizabeth Fisher Marshall, a managing director at Hall Capital, but “our concern at the time was the depth of the opportunity set and the unproven exit market.” Earlier in 2018, Pluralsight, which provides online classes for technology and business professionals, went public. WriteLab (Chegg).

Platzi Raises $6 Million to Bring More Online Education to Latin America

Edsurge

Gonzalez’s firm last invested in student services provider Chegg, but hadn’t found another education company that piqued his interest until his firm started talks with Platzi. Education Technology Edtech Business Coding Adult Learning Financing

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

Edsurge

Over the last 10 years or so, the majority of the acquisition activity for smaller edtech startups came from the big textbook companies. But now that we have built an ecosystem of millions of subscribers, it is much easier to filter out which edtech startups actually add value to that ecosystem. So if an edtech startup is focused on enhancing the learning experience for students and faculty, that's the sweet spot that we're focused on. I think Chegg is doing well in that.

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

Edsurge

Dreamit Edtech network to get their “lemon lists” of concepts, statements, and business models that edtech entrepreneurs may want to think twice—or thrice—about. Chatbots are hip and cool these days and, while I agree that they have a lot of potential, most of the pitches are simply applications that turn IBM Watson’s natural language processing technology loose on a university’s existing FAQ page. Chegg (or Amazon for that matter)?

GSV Adds Three New Letters to Its Portfolio: MBA

Edsurge

Instead, the edtech investment firm is helping to launch a new online MBA program focused on entrepreneurship. Over the years, GSV has invested in the likes of Facebook, Spotify and Twitter alongside education companies including Chegg and Coursera.

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Pearson Is Selling Its US K-12 Business—Despite Posting a Profit and Digital Growth

Edsurge

Earlier this month, McGraw-Hill, Barnes & Noble Education and Chegg teamed up for a new digital textbook rental program that the trio claims can help students save as much as 70 percent from buying print copies. Education Technology Enterprises Edtech BusinessLast May, major textbook publisher Pearson indicated it was mulling a sale of the U.S. portion of its K-12 business, which includes print and digital curriculum and instructional materials.

Gig’s Up: CreatorUp Raises $1 Million to Train and Match Creative Professionals for Work

Edsurge

To support that effort, the startup has raised $1 million in a seed round from a group of investors that include Metallavon VC, an early-stage investment fund based in Greece, and LearnStart, the seed fund affiliated with edtech investment firm Learn Capital.

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

Edsurge

Other investors include the Chan Zuckerberg Initiative and existing backer Technology Crossover Ventures. Varsity Tutors is not the only one chasing the tutoring market, which is saturated with traditional, brick-and-mortar competitors like Kumon and Sylvan Learning and online upstarts like Chegg and Wyzant. Education Technology Financing Edtech BusinessTutoring is big business. Wealthy families fork out more than $1,000 an hour for top teachers.

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

Edsurge

In addition to MissionU’s institutional investors, the company attracted executives and well-known names in the education industry including Chip Paucek (CEO of 2U), Dan Rosenzweig (CEO of Chegg) and Ted Dintersmith, a former investor-turned-education philanthropist. Education Technology Mergers and Acquisitions Edtech BusinessUsually, when a hot startup gets acquired by an even hotter one, the industry cheers.

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K12 Eyes Further Deals After $165M Acquisition of Coding Bootcamp Galvanize

Edsurge

Another bootcamp has been gobbled up by an education technology company looking to break into the corporate learning and career readiness market. million in cash, plus some stock, for Fullstack Academy, and Chegg’s Thinkful purchase for $80 million.

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

Edsurge

That’s why we’ve also highlighted a few here that we don’t want you to miss, from complicated community college turnarounds to where IKEA and edtech overlap. Cheating on Chegg? 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. What Do Edtech and IKEA Have in Common? Technology shapes our behavior everyday. And edtech is no stranger to it.

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

Edsurge

Kelly met him through Planet3 co-founder Albert Yu-Min Lin when Lin received an award sponsored by Switch, Kelly told EdTech Digest at the time. Education Technology Financing Game-Based LearningWhen Tim Kelly started Planet3 in 2013, he aimed for the stars.

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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. Colleges were spending millions networking classrooms and residence halls, and I wondered about the absence of technology in the “front office” for teaching and learning. It was a tools and technology and service provider.

Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. ” Via Inside Higher Ed : “Colleges Use Technology to Help Students Manage Mental Health.” Via The Atlantic : “ Police-Grade Surveillance Technology Comes to the Playground.” Via The Seattle Times : “As facial-recognition technology grows, so does wariness about privacy.

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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

For the past ten years, I have written a lengthy year-end series, documenting some of the dominant narratives and trends in education technology. It’s not that paying for a piece of technology will treat you any better, mind you.). But new technology hasn’t made it easy.

Hack Education Weekly News

Hack Education

“Is Your Edtech Product a Refrigerator or Washing Machine?” I love this headline from Campus Technology , which echoes the wise words of Bill and Ted from their excellent adventure: “ Ed Tech Changes … and Stays the Same.” ” Pearson and Chegg are partnering for textbook rentals. “Why Fixing the Pipeline Alone Won’t End Edtech’s Diversity Problem ,” says Edsurge. Education Politics.

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. Via Forbes : “The Startup President: How France ’s Macron Nearly Built An EdTech Company.” ” An op-ed from someone from Kelly Services – you know, the temp agency – in Edsurge on “Why Solving the Teacher Shortage Is Critical for Edtech.” Via Campus Technology : “ University of Washington Continuum College Launches Coding Boot Camp.”

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Hack Education Weekly News

Hack Education

Via eCampus News : “Is higher ed ready for the big edtech explosion ?” VR “comes of age,” says Campus Technology. ” Via the press release : “ Cengage , McGraw-Hill Education , and Pearson have joined forces with Ingram and Chegg , Inc. ” Via Campus Technology : “New Education Think Tank Debuts, Offering Online News and Research.” Education Politics.

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