Re:Why Education Startups Do Not Succeed (2011)
by mbesto on Wednesday November 15, 2017 @11:35PM
(#15710289)
> but companies like Duolingo or Clever seem to prove a few of the author's arguments wrong.
Except we have no idea whether these companies are actual businesses or not (i.e. have profits). Anectodal - Clever has just as much funding and number of employees as another EdTech business I know about that also interacts with "millions of students" but is barely pushing beyond a few million dollars in revenue. This isn't enough to sustain a business with 100+ employees in the bay area.
Re:Why Education Startups Do Not Succeed (2011)
by brettcvz on Thursday November 16, 2017 @12:14AM
(#15710410)
Clever has a slightly unique business model (we sell to edtech companies, not to consumers or schools), but we do have a healthy, growing, sustainable business.
Except we have no idea whether these companies are actual businesses or not (i.e. have profits). Anectodal - Clever has just as much funding and number of employees as another EdTech business I know about that also interacts with "millions of students" but is barely pushing beyond a few million dollars in revenue. This isn't enough to sustain a business with 100+ employees in the bay area.