cell phone companies found that when they raised the price course hero

What does Course Hero’s $80 million funding raise mean for EdTech?

Its $80 million Series B round is one of the largest U.S. funding deals of 2020, and brings Course Hero’s valuation to $1.1 billion. From a high level, the new raise is not surprising. Other edtech companies have also recently added on more capital to their balance sheets to meet remote learning demand amid the coronavirus pandemic.

How much did Course Hero raise for LitCharts?

That said, Course Hero last raised an $80 million Series B in August 2020, and assumedly a portion of that check went to this deal. The creators of SparkNotes, Ben Florman and Justin Kestler, created LitCharts as an extension of their initial success.

How much does it cost to make a cell phone?

At a price of $150, a cell phone company manufactures 200,000 units. At a price of $250, the company manufactures 400,000 units. What is the price elasticity of supply?

Is Course Hero a profitable business?

In 2020, Course Hero is a profitable business with annual run revenue upward of $100 million. Today, Course Hero tells TechCrunch that it has raised a new tranche of capital in a Series B extension round of $70 million. The round is now totaling $80 million, bringing Course Hero’s total known venture capital to date to $95 million.

How much is Course Hero worth in 2020?

In 2020, Course Hero is a profitable business with annual run revenue upward of $100 million. Today, Course Hero tells TechCrunch that it has raised a new tranche of capital in a Series B extension round of $70 million. The round is now totaling $80 million, bringing Course Hero’s total known venture capital to date to $95 million.

How much is Course Hero's Series B?

Its $80 million Series B round is one of the largest U.S. funding deals of 2020, and brings Course Hero’s valuation to $1.1 billion. From a high level, the new raise is not surprising.

What is Grauer Capital used for?

Grauer tells TechCrunch that the capital will be used for operations, product innovation and feature development. It also plans to use the capital for future acquisitions (in 2012, Course Hero bought an in-person tutoring business).

What is Course Hero's tailwinds?

Course Hero sees tailwinds in a dynamic that has been brewing since before the pandemic and will likely grow during and after: the growth of “nontraditional students” en rolling in and participating in higher education. Grauer noted that more than 40% of students work 30 hours or more per week.

Why was Google fined in France?

Google fined $592M in France for breaching antitrust order to negotiate copyright fees for news snippets. France has hit Google with a fine of half a billion euros after finding major breaches in how it negotiated with publishers to remunerate them for reuse of their content — as is required unde...

When did Andrew Grauer start Course Hero?

Like any successful founder, Andrew Grauer had bright, long-term ambitions for Course Hero from the moment he launched it in 2006. He started the business to create a place where students could ask...

When did Course Hero start?

Image Credits: Bryce Durbin. Like any successful founder, Andrew Grauer had bright, long-term ambitions for Course Hero from the moment he launched it in 2006. He started the business to create a place where students could ask questions and get answers similar to Chegg, which launched 15 months before Course Hero.

Who is the founder of Course Hero?

Course Hero founder Andrew Grauer estimates that about 30% of LitCharts’ subscribers are teachers and educators.

When did Course Hero raise Series B?

That said, Course Hero last raised an $80 million Series B in August 2020, and assumedly a portion of that check went to this deal. The creators of SparkNotes, Ben Florman and Justin Kestler, created LitCharts as an extension of their initial success. LitCharts provides notes, definitions and translations on over 2,000 literary texts.

What is course hero?

The heart of Course Hero, says Grauer, is to create a question-and-answer platform with extreme levels of specificity for students. It sells subscriptions to students that unlock access to all of its learning and teaching content, which include course-specific material created by teachers and publishers.

How many battery factories does Mercedes have?

Mercedes-Benz to build eight battery factories in push to become electric-only automaker by 2030. Mercedes-Benz laid out Thursday a 40 billion-euro ($47B) plan to become an electric-only automaker by the end of the decade, a target that will push the company to become more vertically integrated...

What was the stimulus package that Obama proposed?

In an effort to stop the decline, President Obama proposed an economic stimulus package that included government spending on roads, bridges, and schools, among other things, and a tax cut that each U.S. worker would see in her or his paycheck. Apparently, President Obama was a proponent of. Keynesian economic theory.

How many models does a car company make?

A car company makes four models—a hybrid sport utility, a sports car, a four-door sedan, and a compact car. Employees at the company work on only one type of vehicle, and separate marketing and product development processes are designed for each type of vehicle to better serve customers for each type of vehicle.

Who took over the Mexican restaurant business?

A brother and sister team, Camilla and Arturo, took over the family's Mexican restaurant business when their father died. Camilla operated one of the three locations, kept the firm's books, and ordered supplies and equipment for all three locations. Arturo operated the other two restaurants.