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illuminate education
Best of Bootstrapping: Bootstrapped Multiple Education Software Companies
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Lane Rankin, Founder at Illuminate Education, was first a teacher, then a school and school district administrator. His background is not of a typical tech entrepreneur. However, his deep domain knowledge and relationships in the education field have propelled him to become a very successful EdTech
Best of Bootstrapping: Founder Builds Multiple Bootstrapped Education Software Companies
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Lane Rankin, Founder at Illuminate Education, was first a teacher, then a school and school district administrator. His background is not of a typical tech entrepreneur. However, his deep domain knowledge and relationships in the education field have propelled him to become a very successful EdTech
Building Multiple Bootstrapped Education Software Companies: Lane Rankin, CEO of Illuminate Education (Part 4)
Sramana Mitra: What did you learn? Was the threshold one salesperson per state? How were you calculating your expansion strategy? Lane Rankin: Just about every time we would go and meet with the district, we would win a sale. If we have a presentation, 80% of the time we are winning the business. We were growing
Building Multiple Bootstrapped Education Software Companies: Lane Rankin, CEO of Illuminate Education (Part 3)
Sramana Mitra: We are now at the point where you bought some portions of your previous company that you bought to Harcourt. You’re now ready to start off on your own in 2009. What happens next? Lane Rankin: We started over in 2009 with some pieces of a new platform. We had started a new
Building Multiple Bootstrapped Education Software Companies: Lane Rankin, CEO of Illuminate Education (Part 2)
Sramana Mitra: You financed the other company using the resources of the first company? Lane Rankin: Correct. Sramana Mitra: If you look at revenues and stuff, how was the first company doing? What was the trajectory of the second company? Lane Rankin: Our turnover was around $2 million to $3 million in the first company. I
Building Multiple Bootstrapped Education Software Companies: Lane Rankin, CEO of Illuminate Education (Part 1)
Lane was first a teacher, then a school and school district administrator. His background is not of a typical tech entrepreneur. However, his deep domain knowledge and relationships in the education field have propelled him to become a very successful EdTech entrepreneur. Great story! Sramana Mitra: Let’s start at the very beginning of your entrepreneurial
