EDUKWEST Sunday Review

Sunday Review for the Week of April 14th 2014

In this week’s Sunday Review we learn that experience without humility is not very helpful (when it comes to leading Coursera), that you can earn a MBA without spending a single dollar for tuition, that the SAT is useless, that school children in Ireland code 3D worlds and use the Oculus Rift, that you should not listen to music when you learn and much more.

And Happy Easter from the EDUKWEST team!

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student loans

One Trillion Problems but a Loan ain’t One – ENT #22 04-18-2014

With episode 10 of On the Ed Chris and I take the show out of alpha mode and also bring back our popular Ed NewsTicker (ENT) format.

As always we take you through the most important fundraising stories, mergers and acquisitions as well as other other news of the week of April 14.

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Lending Club

HEDLINE: Lending Club acquires Springstone Financial for $140 million

Peer-to-peer lending platform Lending Club has acquired private education and elective medical procedures financer Springstone for $140 million in cash and stock.

To finance the deal, Lending Club raised $115 million, $50 million of which are debt financing and $65 million are new equity funding from T. Rowe Price, Blackrock and others. Lending Club is now valued at $3.8 billion.

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HEDLINE: JumpStart Raises $13 Million in Venture Debt

Educational media franchise for children Jumpstart has raised $13 million in debt financing led by Hercules Technology Growth Capital, Inc. JumpStart’s portfolio mainly consists of educational games which are produced by Knowledge Adventure.

Along with additional funding from Telesoft Partners JumpStart will use the new funds to expand on their existing mobile and web products to unlock new potential in the children and family space.

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TinkerBots creates Robotic Building Sets for the Entire Family

Robots for children are a growing market. Our science expert Alicia Chang works with US-based Play-i which creates robots that fuse play with programming for preschoolers. And there is MOSS by Modular Robotics which targets a more grown up audience. Both startups have successfully raised money for prototypes or products via crowdfunding campaigns.

Now Berlin-based TinkerBots follows in their footsteps with a robotic building set that wants to appeal to both children and adults, hence the entire family.

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on the search for better education