Seong Kim, Corporate Strategy & Development for Chegg Inc., discusses exit strategy within EdTech.
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Betsy Corcoran, Co-founder of EdSurge, joins me for a lively discussion on EdTech.
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In case you missed it, you can listen to the recording here:

During this week’s roundtable, we had as our guest Betsy Corcoran, Co-founder of EdSurge, for a lively discussion on EdTech.
We then went on to discuss another one of my startup ideas from 8 Startup Ideas for the Post COVID World:
Startup Ideas for the Post Covid World: K-12 Education
You can listen to the recording of this roundtable here:
Sramana Mitra: Strategy-wise, it’s still large accounts selling and just bigger deals? No major change on that front?
John Baker: Not at that stage. We’re just accelerating that work and putting in place the infrastructure to grow faster. We did another round a couple of years later for another $80 million.
>>>Sramana Mitra: Let’s talk about a bit of metrics so we can pin the journey all the way to bootstrapping before you got a funded company model. How far did you get from a revenue point of view, customer metrics, employee metrics? What were the vital statistics?
John Baker: We’re somewhere in the neighborhood of 300 to 500 people when we raised the largest Series A at that time in Canadian history. It was for $85 million. That was back in 2012.
>>>Sramana Mitra: Talk to me a little bit about the go-to market strategy. It’s all user-generated content. You have a great coverage of high school, college students, and post-academic learning. What is the go-to market strategy? How do people find you? Is it all word-of-mouth?
Matthew Glotzbach: We’ve been fortunate that all of our user growth has been organic. There are two facets of that. One is word-of-mouth and sharing. Users love the product. We have a very beloved brand. They share with their friends and their study groups.
>>>Sramana Mitra: Where is the scalable capacity to train large numbers of retail workers to become healthcare workers? That speaks to the kind of things that you’re talking about. If there were such a transition path with proper credentialing, that would be extremely valuable under the current circumstances.
Matthew Glotzbach: Absolutely. We see that trend of what I might call reskilling or upskilling. We’re already seeing that trend on Quizlet. It’s something that will continue to accelerate.
>>>