Tag Archives: chegg

Class Notes

Class Notes Marketplaces – From Buddy Business to Real Business

Editor’s Note: This post has first been published on edcetera – straight talk on edtech.


Class notes or study notes marketplaces really are a fascinating vertical within the education technology startup space. Of course, most of these ventures are too small to be called a startup. They are more of what is called a buddy business where two or three friends come together with the right skills and create a small business that pays enough for beer and parties. Most of these ventures die as soon as the buddies find a real job or are simply too busy to keep the service up and running.

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Flashnotes

HEDLINE: Class Note Marketplace Flashnotes acquires Competitor Moolaguides

Abstract

Flashnotes, a Boston-based marketplace for class notes acquired its competitor Moolaguides for an undisclosed amount. This is the second acquisition of a competitor by Flashnotes within twelve months.

Flashnotes raised a $3.6 million Series A from Stage 1 Ventures, Runa Capital, SoftBank Capital and Atlas Ventures in early February.

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EDUKWEST Sunday Review

Sunday Review: Chegg prepares IPO, Kindertown got acquired, UK Language Courses in Freefall

EDUKWEST Sunday Review

Chegg prepares for $150 million IPO

Probably the biggest story of the week and in the top 5 of this year so far. Textbook renter turned student hub Chegg prepares for IPO, aiming to raise $150 million.

If you are into number crunching, you can read through the 206 pages of the S-1 or get the main points from Kara Swisher’s article on AllThingsD.

The interesting parts are the fact that since 2010 Chegg has only had losses and therefore probably needs the money according to Swisher. I find the list of risk factors mentioned in the S-1 pretty telling. I am probably going to write a post about that sometime this week.

In other related Chegg news, the company was in fourth place in terms of online advertising spending in July – August 2012 with 2,097,738 total impressions according to analysis by AdGooroo.

Education App Store Kindertown acquired by Demme Learning

Another week, another “acquihire” of a startup we covered in the past. Kindertown, an educational app store that tested, reviewed and rated educational apps to help parents with the growing choice on iTunes and the Google Play Store, was acquired by Demme Learning.

According to TechCrunch this was one of the cases in which the founders start talking about partnering up just to find out that their missions are aligned with the smaller partner joining the bigger one in the end. Last week we wrote about Hoot.Me joining Civitas Learning which sounds like a similar case.

I think we are going to see more of these acquisitions in the months to come as there is a growing group of edtech startups that went through one, or several, incubator or accelerator programs, raised a bit of seed money and are now at the point where they need to raise a Series A. If you want to dive deeper into this topic, I wrote about the edtech incubator scene on edcetera back in February.

Language Courses in Freefall in the UK

As you might know, I started my career in online education as a language coach back in late 2007. Dealing with this market for quite sometime I thought that language learning must have hit rock bottom in the UK ages ago. But according to the results of this year’s A-levels foreign language courses are still in freefall.

The only languages that are somewhat stable are Mandarin, Arabic and Italian whereas Spanish is the only language that saw a small increase in students.

I wrote quite some articles about the UK and its relationship with learning foreign languages on our sister site Fair Languages, but you can probably sum it up with the anti-European sentiments and rhetoric by the government and the general notion that “English is enough”.

Sean Conway Notehall

Today’s Campus Innovation Interview #7 – Sean Conway of Notehall

Sean Conway NotehallIn this episode of the Today’s Campus Innovation Interview Series, I talk with Sean Conway, co-founder of Notehall.

A few years ago Notehall stirred up some discussion around the selling of study notes and guides yet managed to attract a growing audience of students and universities alike.

The startup was then acquired by textbook rental juggernaut Chegg for an undisclosed sum. In the interview Sean talks about the reasons why he and his co-founders started Notehall when they were still in college, how they managed to grow the platform and how it might get integrated in the Chegg platform this year.

review:ed Audio Podcast

review:ed #12 The Textbook Revolution that wasn’t (Audio)

review:ed Audio Podcast

review:ed Episode #12

“The Textbook Revolution that wasn’t”

  • recorded: January 20th 2012
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Acceptly - College Prep Done Right This Interview is sponsored by Acceptly – College Prep Done Right

Acceptly is making it easier for students everywhere to get accepted to college. Increase your chances through step-by-step guidance and secrets for overcoming the admissions process. Try it for free today.
Languagelab.com - Bringing the World of English to You This Interview is sponsored by Languagelab.com – Bringing the World of English to You

Languagelab.com offers total immersion in English. Learn online in Languagelab’s English City, a virtual 3D city full of real English-speakers. Discover Languagelab.com’s specially designed courses for General English, Business English, Oil & Gas and Aviation English.

Show Notes

  • [01:07] Welcome Dave Schappell of TeachStreet
  • [02:13] Back in April 2010 Dave and Kirsten talked about the same companies on review:ed
    Source: EDUKWEST
  • [03:00] Recap of the Apple Education event
  • [05:09] Was Christopher still excited one day later?
  • [06:12] The iBook Author EULA
    Source: ZDNet
  • [16:40] iTunesU App –  a hidden LMS?
  • [18:40] What will Amazon’s answer be?
  • [21:15] Kno’s answer to Apple entering the market
    Source: TechCrunch
  • [27:42] Kno Me & automated Flashcards
    Source: EDUKWEST
  • [34:10] Chegg launched eTextbook Reader based on HTML5
    Source: EDUKWEST
  • [35:30] Wolfram launched Education Portal
  • [40:10] Thank you to Dave for joining us
  • [42:45] Chris talks about the interview with Osman Rashid
  • [49:30] How Chegg and Kno compete
  • [52:00] Livemocha Scholarship Program
    Source: EDUKWEST
  • [57:30] $100 million Venture Fund for traditional colleges
    Source: Inside Higher Ed
  • [1:01:00] Thomas Fordham Institute shares data on costs vs quality of online and offline schools
    Source: EdExcellenceMedia
Play
reviewed 12 blog

review:ed #12 The Textbook Revolution that wasn’t

Dave Schappell TeachStreet

Dave Schappell

Christopher and I were joined by Dave Schappell, founder and CEO of TeachStreet to talk about the Apple Education event, the iBook Author EULA, Kno’s and Chegg’s answer to Apple entering the textbook space and much more.

Subscribe to review:ed Subscribe to review:ed Video via RSS Subscribe to review:ed Audio via RSS
Subscribe to review:ed Audio via iTunes
Download Episode Download Episode Video Download Episode Audio
Acceptly - College Prep Done Right This Interview is sponsored by Acceptly – College Prep Done Right

Acceptly is making it easier for students everywhere to get accepted to college. Increase your chances through step-by-step guidance and secrets for overcoming the admissions process. Try it for free today.
Languagelab.com - Bringing the World of English to You This Interview is sponsored by Languagelab.com – Bringing the World of English to You

Languagelab.com offers total immersion in English. Learn online in Languagelab’s English City, a virtual 3D city full of real English-speakers. Discover Languagelab.com’s specially designed courses for General English, Business English, Oil & Gas and Aviation English.

Show Notes

  • [01:07] Welcome Dave Schappell of TeachStreet
  • [02:13] Back in April 2010 Dave and Kirsten talked about the same companies on review:ed
    Source: EDUKWEST
  • [03:00] Recap of the Apple Education event
  • [05:09] Was Christopher still excited one day later?
  • [06:12] The iBook Author EULA
    Source: ZDNet
  • [16:40] iTunesU App –  a hidden LMS?
  • [18:40] What will Amazon’s answer be?
  • [21:15] Kno’s answer to Apple entering the market
    Source: TechCrunch
  • [27:42] Kno Me & automated Flashcards
    Source: EDUKWEST
  • [34:10] Chegg launched eTextbook Reader based on HTML5
    Source: EDUKWEST
  • [35:30] Wolfram launched Education Portal
  • [40:10] Thank you to Dave for joining us
  • [42:45] Chris talks about the interview with Osman Rashid
  • [49:30] How Chegg and Kno compete
  • [52:00] Livemocha Scholarship Program
    Source: EDUKWEST
  • [57:30] $100 million Venture Fund for traditional colleges
    Source: Inside Higher Ed
  • [1:01:00] Thomas Fordham Institute shares data on costs vs quality of online and offline schools
    Source: EdExcellenceMedia
PlayPlay
Chegg eTextbook Reader

Chegg eTextbook Reader launches today – Works on any Device

Chegg eTextbook Reader

In the wake of Apple’s education event Chegg introduced its new eTextbook Reader today. Though the product has been in the works since August 2011 already according to TechCrunch, the timing of the release just one day before the Apple event shows that the textbook startup space is taking it very serious. Yesterday Kno, an iPad application that features over 150.000 textbooks and various interactive tools announced two new features themselves, Kno Me and Flashcards.

Other than Kno and Inkling Chegg’s eTextbook reader is HTML5 based hence students can access the service from any device may it be a PC, iPad, Laptop or smart phone. The main idea behind the reader is to mimic the way students use their physical textbooks on the one hand and to enhance the experience by new social features on the other hand.

With the Chegg eTextbook Reader students can highlight text, post sticky notes, mark passages with “?” and so on. There is also a crowd-sourced Q&A section based on the Chegg users and experts and a feature called Key Highlight that shows the most important parts of a chapter based on the general activity (highlights, sticky notes etc) of other students.

Below you can watch a short video presentation of the Chegg eTextbook Reader.

Over the past year, Chegg has slowly evolved from being the leader in textbook rentals to a platform that wants to be part of the student’s daily life. The Chegg eTextbook Reader could make the transition from physical textbooks easier for students who don’t think that digital textbooks have arrived just yet or simply don’t have an iPad to access services like Kno and Inkling.

But we might have to rethink all of  that after tomorrow. So stay tuned.

BookRenter

BookRenter hires Rosetta Stone Senior Executive as VP of Sales

BookRenter

As we were writing quite a lot about Rosetta Stone lately, here is another related story. BookRenter, the number one competitor of Chegg for the textbook renting platform crown hired Pete Rumpel as new Vice President of Sales.

Rumpel joins BookRenter from Rosetta Stone, where he served as the senior vice president of Institutional Markets. Rumpel established the strategy, vision, and platform for execution to fuel 30 percent year-over-year growth and double the business in less than three years. Prior to joining Rosetta Stone, Rumpel was vice president and leader of SAP America’s business development.

Kirsten just posted about the appointment of Judy Verse as new president Global Institutional Business at Rosetta Stone. So there is apparently quite some shake up going on, maybe related to the bad performance of the Rosetta Stone stock.

But back to BookRenter. In his new position, Pete Rumpel will support the BookRenter team to develop the platform so that BookRenter becomes an interactive platform for colleges to interact with their students. Says Rumpel

I look forward to playing a key role in building on the impressive momentum BookRenter has gained by teaming directly with schools to make college more affordable and accessible for their students.

Of course it is hard to see an entire business strategy in some PR quotes, nevertheless it seems as if BookRenter is planning to gain market share through collaboration with the colleges instead of Chegg’s strategy that is coming more over the individual student:

“This is the beginning of a connected student network that we hope to build into a giant platform. We want to have a student using us all the way through for a 10-year span, from high school on.” Dan Rosensweig, CEO Chegg

Source: MarketWire

chegg deals

Chegg enters the Daily Deals Space – launches Chegg Deals

chegg deals

“We want to have a student using us all the way through for a 10-year span, from high school on.” Dan Rosensweig, CEO Chegg

Robin Wauters at TechCrunch reported today that textbook renting platform / social learning network Chegg is entering the daily deal space through a partnership with white label provider Group Commerce.

Chegg Deals launches initially in Tempe, Miami, Atlanta and New York and will extend the platform nationwide in the future. Deal provider are amongst others brands like Capitol One, Dr. Pepper, MTV, Livescribe and Microsoft.

Chegg estimates the market size at 31 million students, 15 million in high school and 16 million in university.

Now, there is of course the question if we need yet another daily deal site, especially when we take a look at the suffering of Groupon’s IPO and the fact that the daily deal king might get less than the $6 billion that Google offered them earlier this year.

I think where Groupon is suffering because of its broad audience, vertical daily deal sites that target a specific and well defined audience might be far more attractive for buyers as well as sellers. And looking at Dan Rosensweig’s statement from the top of this post, a daily deal site adds even more stickiness to the platform.

chegg logo

 

Website: Chegg.com
Twitter: @Chegg