Course Hero is a peer-to-peer marketplace for educational resources and expert tutors. Harnessing marketplace network effects that have propelled businesses like Lyft, Uber, and Airbnb, Course Hero is aligned with increasing consumer preference for on-demand, digital education resources.
Technology-driven peer-to-peer networks have unlocked a huge amount of under- or unutilized resources in today’s economy, and Course Hero is empowering such utilization in the Knowledge Economy.
CEO Andrew Grauer founded business in Cornell University dorm room to address a market gap in student knowledge sharing; CTO Gregor Carrigan co-founded CourseHero with Andrew after graduating from Cornell; CFO Steve Van Horne was formerly VP of Operations Finance at Yahoo.
Online peer-to-peer marketplace for educational resources and expert tutors serving high school and college students. Course Hero has launched a mobile app to enable learning anywhere, anytime, with an on-demand knowledge database containing millions of answers to millions of questions.
Potential to be the World’s leading peer-to-peer education marketplace, unlocking the scale and value demonstrated by comparable models applied to transportation, lodging, and financial services. Course Hero aims to help every student around the world answer every question in their chosen course of study.
Course Hero could become the leading branded marketplace for all educational resources, enabling the Company to provide a comprehensive array of student services well beyond the Company’s existing peer-to-peer model.
Combined tailwinds of marketplace network effects and customer preference for on-demand + unbundled digital education resources. Customer acquisition costs should drop meaningfully and lifetime customer value should increase as the Company’s business model “flywheel” begins to turn—both through capturing greater longitudinal cohort value and through stickiness of customers.
Course Hero relies on the power of its brand to drive student engagement with its platform, and needs to continue to invest in brand awareness and customer services and support. Additionally, this market is a high-stakes market for students (academic success or failure) and Course Hero needs to continue to provide mission-critical products to its customers in a real-time, on-demand fashion.
GSVC percentage figures are based upon the fair value of each holding as of the quarter ended September 30, 2017, or the cost basis of the holding (exclusive of transaction costs) if the investment closed subsequent to September 30, 2017. In either case, these values are divided by the fair value of total portfolio investments of GSV Capital as of September 30, 2017.