SM: Did you bootstrap Stingray Software? SW: Yes we did. We eventually sold it for $12 million. SM: That’s sizable. Tell me about the journey of building a $12 million company organically in three years. SW: Stingray is when I officially stopped being an engineer and became a CEO.
Scot Wingo is the president, CEO, and co-founder of ChannelAdvisor. Prior to launching ChannelAdvisor, was a co-founder of AuctionRover.com, which was acquired by GoTo.com and became GoTo Auctions. Prior to AuctionRover he was the CEO and co-founder of Stingray Software, which was acquired by RogueWave. Scot received a BS in computer science from the University of
SM: Does the online environment change the social aspect of a course? CY: In a lot of our public school classrooms there is peer pressure towards mediocrity. By taking classes online, students can work to their highest level. That is very beneficial for kids who would otherwise be pressured into underperforming.
SM: Let’s talk about the final piece of your business, the curriculum licensing. CY: With Aventa we offer anything we do in our private and public offerings on an à la carte basis. We offer it with or without teachers. Our customers are school districts, charter schools, and some online schools.
SM: It sounds as though your private school is catering to a very non-traditional group of students. CY: In our private school that is very true. Many of our students are extremely accelerated. We have 13-year-olds taking calculus. It is hard to get calculus in seventh to ninth grade.
SM: Who accredited your school and what was that process? CY: The Middle States Accreditation Body visited our school and we went through a very complex rubric of their criteria. At that time we gained preliminary accreditation.
SM: Do you provide the teachers and the curriculum? CY: We do provide both; however, the curriculum is our primary focus. Our curriculum consists of online courses that students log into. Each course has a series of units. Each unit requires reading, which can include e-books or articles, as well as projects that students do
SM: When you worked for IBM, what were you doing there? CY: I was working in the e-business sector. I was leading the teams that were doing business engineering at the same time the technology fixes were going on. When a company would Web-enable a legacy system, my teams would be working with the business