1.6 Million users, 5000 Universities
The company is a social learning platform for college students. It uses technology and social networks to transform the university experience by empowering students to help each other learn and collaborate academically. Adoption is growing organically with users more engaged than ever. The technology has resulted in true “social studying” and the company has begun to monetize the service.
Services can be summed up in 5 areas:
- Practice Tests
- Professor Ratings
- Flash Cards
- Schedule Maker
- Internships & Jobs
Current revenue is negligible, but the company is modestly profitable (no burn rate). The founders were very intent on a "free and equal opportunity for others model" supported by ad revenue. They have built a strong user base of 1.6 million and 5000 universities, and an amazing and multi-faceted social learning platform. They have since concluded that they need to focus more on monetization to see the full economic value of the asset. They have built 4 revenue categories. The company can grow and be profitable with them alone, and there is additional opportunity for a subscription or freemium model.
As the company plans this next stage of its evolution, it believes that a combination with a larger and more mature company is the best path to create synergistic value, by providing an optimal path to enhance the social learning platform and realize the full economic value of the user base and technology assets.
It has become clear that the platform, technology, approach, engaged campuses and user base are highly desired across the industry and there are numerous organizations where synergies exist. As such, management desires to evaluate as many scenarios as possible in a relatively short time and structured process. Please contact Burley Consulting regarding this process.
Please note that individual investors, entrepreneurs, and owner/operators will not be considered. Management is interested only in a combination with a company that has the synergies to grow and monetize the asset and user base.
For a more detailed look at this opportunity, please contact Aimee Burley at firstname.lastname@example.org.