If you want to raise funding, you would need to quit your job and go full-time, because investors generally don’t fund companies that are led by part-time founders.
But it often takes several years of bootstrapping before you’re ready to go to investors.
At 1Mby1M, we support Bootstrapping with a Paycheck. You can find some case studies within my Bootstrapping Course: Bootstrap Using a Paycheck. This video lecture will provide you with important perspective.
It is invaluable to have a job that pays the bills while you’re validating your ideas, getting your strategy together, etc.
Quizlet is a user-generated and AI-augmented study guide platform that has scaled exponentially.
Read on to understand more about this newly-minted Unicorn.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Quizlet.
>>>In the Spring of 2020, parents of young children have suddenly woken up to a world where kids have to be homeschooled. They are supposedly guided by the teachers. These teachers have no experience of teaching online, and are thus learners themselves of a new education paradigm. They are scrambling to make things flow without losing the limited attention of the youngsters that are already difficult to command in normal times.
The key issue I observe is that the teaching tools are not designed for this usage model.
In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as our guest Deborah Quazzo, Managing Partner at GSV Ventures, a fund focused on Online Education ventures. This is a very good discussion on patterns of success and failure in the sector, and what investors are gravitating towards.
Teenager Startups
As for entrepreneur pitches, this week we had Sulay Shah from Toronto, Canada, pitching an online education platform for teenage entrepreneurs.
You can listen to the recording of this roundtable here:
Very interesting discussion on online methods of providing a well-rounded education to gifted kids who pursue Sports and Arts careers.
Sramana Mitra: If you could introduce yourself as well as Dwight Schools Group to start with, that would be awesome.
>>>Artificial intelligence is applied to EdTech in creative ways. Ann Marie discusses her company’s work in this field.
Sramana Mitra: Let’s start by introducing our audience to yourself and Amesite.
Ann Marie Sastry: I’m the CEO and Founder of Amesite. We are an artificial-intelligence-driven designer and platform provider for online learning. We deliver courses, programs, and the whole curriculum for businesses, universities, and K12. Our mission is to improve the way the world works using better technology to create engaging and affordable learning experiences.
>>>Clara discusses MIT’s professional education initiative that is run in an online-offline hybrid format.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as your work at MIT that is relevant to online education.
>>>Online education is a booming field that is seeing entrepreneurship both on the platform and technology tool side as well as on the educator side. This interview covers both.
Sramana Mitra: Let’s start by introducing our audience to yourself and Thinkific.
>>>AR/VR is changing education. In our TLOE series, this interview delves into the trends and the white spaces.
Sramana Mitra: Let’s start by introducing our audience to yourself and to zSpace.
Paul Kellenberger: I’m the CEO of zSpace. zSpace is a very innovative technology company that has been in the market and focused on education for the last six and a half years. We’re a unique combination of augmented reality and virtual reality.
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