by Alyson Shontell, San Francisco Chronicle
One of the hottest startup sectors right now is education. 2Tor, for example, has raised $90 million in venture capital to make credible online degrees for universities. Knewton has raised $54 million to make customized content for students. Even Coursekit, a startup founded by three UPenn students to disrupt Blackboard, has raised $6 million. We’re just scratching the surface here. There’s also Skillshare, Khan Academy, Codecademy, Schoology, TutorSpree, ShowMe, Coursera, Chegg, Udemy, and plenty more. But there’s no Google or Facebook in the education space. So who is going to acquire these startups for hundreds of millions of dollars? “It’s a great question heretofore unanswered,” says Hashable founder and angel investor Mike Yavonditte. “[Education startups need to] go public or get profitable.”
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/04/18/businessinsidereducation-startups-a.DTL
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