Sramana Mitra: In 2008, you have got one acquisition under your belt. What happens next? Blaine Vess: We ended up buying another site, which was called All Free Essays. It was another site that has been around since about 2000. It was not monetized at all. I had been reaching out to the owner for
Sramana Mitra: I want to know precisely what happened in 2008. What are the significant things that you did in 2008 and how did those play out? This $1.1 million, was there a concentration of colleges you were getting this from? Blaine Vess: In 2008, we launched in international markets and started the acquisition of
Sramana Mitra: Was Chris working full time or did he take up another job? Blaine Vess: Chris was working full time on this business. He was also doing the contract programming with me. Sramana Mitra: You guys were doing contract programming. You had a job and Chris was doing the business?
Sramana Mitra: What was the motivation? If I am a student, why would I want to load up my course notes? Blaine Vess: The main motivation is to get access to other people’s course notes or research. Say you’re writing a research paper on global warming and you have a writer’s block or you’re three
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. We’re seeing a wonderful trend of student entrepreneurs building substantial businesses without dropping out. Blaine Vess is yet another great role model. This story outlines Blaine’s entrepreneurial journey. Sramana Mitra: Blaine, let’s start with introducing our audience to you. Where did you grow up? Where were
Sramana Mitra: These changes will have to be integrated. Let me tell you how we have designed a product or an environment in which we run our virtual incubator. It is not a simple design. We have video lectures and case studies. The video lectures are recorded videos. Then we have case studies that go
Sramana Mitra: That is where the question I am asking stems from. There are a lot of these massive open online courses available from various brand-name universities, or online programs that are now becoming available. From an enterprise learning point of view, the strategy so far has been just to learn content or send employees
Sramana Mitra: If you are trying to get a European sales team to bond around a sales training module and enhance that module with their own live learning and web conferences, that requires a level of moderation. Somebody needs to orchestrate that behavior. It is not clear to me from an organizational adoption point of