On-demand tutoring, the possibility to connect with a live tutor anytime – anywhere, is quickly becoming a must-have feature for edtech startups. Instead of booking a session with a tutor at a fixed date and time, students can now go online and pick from a list of tutors who are available at this moment.
WordPress, the content management software created by Matt Mullenweg, already powers over 23% of all websites on the Internet.
With the acquisition of WooThemes the company has now the potential to become a major player in the online education market, both in terms of reach and revenue.
The Internet opened up huge opportunities for tech savvy tutors not that long ago. If you had a basic understanding of how to set up a website, a bit of SEO and online marketing knowledge, chances were high to grow a tutoring business from a local customer base into an international operation. Skype, tutoring platforms and marketplaces, YouTube and social media represent only a handful of the new tools tutors had at their disposal. Glory days.
Etsy, a global marketplace for handcrafted goods, had its IPO last week. On the first day of trading the company closed with a solid plus of 86%.
While I won’t get into a detailed analysis of Etsy’s business model in this article, or whether I think the company to be worth $3 billion, I will say that it is reassuring indeed to see a company that isn’t selling a digital, social service or app but handcrafted physical products, has achieved to gain traction among a global user base.
Early rumors of a $75 million round for the anonymous messaging app Yik Yak that were first reported by TechCrunch turned out to be a $62 million round led by Sequoia Capital. Though there is no official statement of the round, TechCrunch dug up the SEC filing yesterday.
It’s the second funding round for Yik Yak this year, having raised a $10 million Series A in June led by DCM.