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How did Course Hero get $30 million from its employees?

NewView Capital also contributed $30 million in what’s known as an employee tender offer, a process in which NewView purchased company shares held by Course Hero employees. (That money went directly to the staff.)

How much is Course Hero worth?

The valuation—$1.1 billion, to be exact—comes courtesy of a $10 million Series B round from NewView Capital, whose founder and managing partner, Ravi Viswanathan, will join Course Hero’s board of directors.

Is Course Hero a unicorn in education technology?

A series of large fundraising deals in a record-setting 2019 for U.S. education technology companies have propelled Coursera, Duolingo and Guild Education to the unicorn stable. Course Hero is the first entrant in 2020. “I think it is a nice milestone, and it does represent scale and accomplishments,” Grauer acknowledges.

How many resources does Course Hero have?

Across its student and faculty resource-sharing platforms, Course Hero claims it has amassed more than 40 million digital resources. Users who upload class materials can access the full library for free. Non-contributors need a paid subscription.

Is education technology a unicorn?

By Tony Wan Feb 12, 2020. Another U.S. education technology company has reached the billion-dollar valuation mark, and with that comes bragging rights to being a “unicorn.”. But its CEO winces when he hears the word.

Is Course Hero copyrighted?

That ruffled feathers early on, particularly as professors claimed copyright over their lecture and test materials, and said that services like these made it easier for students to cheat. Like online marketplaces—in education and elsewhere—Course Hero has also wrestled with issues of copyright infringement.

Does Course Hero have a resource sharing platform?

These concerns have not deterred or disrupted the company’s growth. If anything, Course Hero has doubled down on its model by replicating its resource-sharing platform for instructors and faculty members. In 2017, the company started building a place where they can share their own syllabi, presentations, lesson plans, test questions and other course materials with their peers.