EdBizWatch

Chegg Cuts Revenue Forecast

Co. will shift business to only etextbooks and other digital services by the end of 2016.

Chegg Cuts Revenue Forecast Due to Shift to e-textbook Model, Reuters

College Textbook Prices Have Risen 1,041% Since 1977

Bureau of Labor Statistics show textbook prices have risen over 3x inflation 1977-2015.

College Textbook Prices Have Risen 1,041% Since 1977, Ben Popken, NBC

Chegg Is Shifting Its Services to Focus on Digital Push

Its practice of maintaining physical textbooks was becoming obsolete. 

Chegg Is Shifting Its Services to Focus on Digital Push, Micheale J. De La Merced, NYT 

Ed Tech Funding Hits $1.87 Billion in 2014

A number of ed tech companies are nearing the $1 billion valuation mark.

Ed Tech Funding Hits $1.87 Billion in 2014, CB Insights 

A Closer Look at K12 Edtech Funding in 2014

The top ten investments accounted for over half the funding.

A Closer Look at K12 Edtech Funding in 2014, Vivek Murali, edSurge

Blackboard to Offer Chegg Tutoring Services

3-yr deal has a minimum guaranteed payment from Chegg, and revenue-sharing.

Blackboard to Offer Chegg Tutoring Services, Melissa Korn, Wall Street Journal

Internships.com Bought for $11 Million by Chegg

The internship marketplace has 2M registered students and 90K internships listed.

Chegg Buys Internships.com for $11 Million, Kara Swisher, <re/code>

Edmodo Raises $30 Million, Led by Index Partners

With company's $87M total funding, signs point to IPO, like Chegg and 2U. 

Edmodo Enters IPO Zone with $30M Series D, Kirsten Winkler, Edukwest

Chegg Finds Partner to Handle Its Textbooks

Since going public last year, investors are concern that company core business is obsolete.

Chegg Finds Partner to Handle Its Textbooks, Michael J. de la Merced, New York Times

InstaEDU Acquired By Chegg For $30 Million

Chegg sees more coming from this acquisition than just an online tutoring business. 

InstaEDU Acquired By Chegg For $30 Million, Sarah Buhr,TechCrunch

Chegg Turns To Late-Night Food Orders To Sell Investors

Future of textbook rentals uncertain. Co reinventing itself into suite of student offerings. 

Chegg Turns To Late-Night Food Orders..., Molly Hensley-Clancy, BuzzFeed

Campus Special Bought for $17 million by Chegg

Campus Special’s success is based on award winning summer internship program.

Chegg Acquires Campus Special for $17 Million, Kirsten Winkler, Edukwest

Why VCs Usually Get Ed Tech Wrong

A big part of the problem is the Valley’s obsession with disruption.

Why VCs Usually Get Ed Tech Wrong, Michael Feldstein, eLiterate

2U’s Upcoming IPO: Filing estimates $533M Company Value

2U IPO will be a bellwether on how the market will value ed tech companies, especially after Chegg’s disappointing IPO and subsequent trading. 

2U’s Upcoming IPO: Filing estimates $533M Company Value, Phil Hill, eLiterate

Engrade Sells For ~$50 Million to McGraw-Hill

It will move away from e-textbooks and toward a future of SaaS.

Engrade Sells For ~$50M to McGraw-Hill, Rip Empson, TechCrunch

Blackboard Debuts Virtual Bookstores to Buy, Rent Textbooks

Move into textbook rental & sales pits Blackboard against Amazon.com, Half.com, Chegg.com

Blackboard Debuts Virtual Bookstores to Buy, Rent Textbooks, Steven Overly, Washington Post

Can Boundless Finally End the Paper Textbook?

Boundless has organized free digital resources aligned to popular textbooks in 21 subjects. 

Can Boundless Finally End the Paper Textbook? Anya Kamenetz, Hechinger Report

Ups & Downs Of Education: Houghton Mifflin Flies, Chegg Falls

In the textbook world, Wall St seems to be siding with tried & true over new ideas, for now.

Ups & Downs Of Education: Houghton Mifflin Flies, Chegg Falls, Steve Schaefer, Forbes

The First Crack in the Ed Tech Hype Bubble of 2011-2013

Now there are 3 casualties among the current, over-hyped Silicon Valley EdTech Darlings.

The First Crack in the Ed Tech Hype Bubble of 2011-2013, Christopher Nyren, edreach

Chegg's IPO Raised $187.5 Million

IPO values the company at nearly $1.1 billion.

Chegg Books Nearly $200M in SV 1st Post-Twitter IPO, Owens & Delevett, SJ Mercury News