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“We’ve been venture funded from the very start, and I hope our actions, and how we go about our work reflects our values,” he said. “The fact that venture funding hasn’t affected the fact that we’re a mission-driven company and values-driven company, and that’s not going to change.” In its previous fundraise, Outschool announced that it had dedicated 2% of its stock to reward teachers, in the event of liquidity. It also established Outschool.org, which has doled out $2,500,000 worth of classes for free to low-income families in the U.S. Finally, the startup has been strict about how ownership on its cap table works as to stay in control of business decisions, but Nathoo didn’t provide more details on the intricacies of how that looks. Outschool is the community marketplace of live online classes for K-12 children. Classes meet via group video chat and offer a level of accessibility, collaboration and personalization that is unmatched by other online or offline educational options: â— Accessibility – Classes are accessible anywhere and the cost is split between students. â— Collaboration – Students learn with a teacher and peers rather than studying on their own. â— Choice – Students choose from teachers across the world and from a huge range of topics, schedules and levels. Parents use Outschool to accelerate their children's learning in core subjects, fill in gaps in their knowledge, or pursue interests in topics that aren't covered in regular schools. Outschool classes are offered by independent teachers, cover all subject areas, and are attended by children in every state and 24 countries. See the full range of options here: https://outschool.com/listings Learn more at https://outschool.com/about
The company curates landing pages on behalf of employers, who then offer the service to working parents. Outschool also offers a concierge service in which parents can share their kids’ interests and availability, and an Outschool team member will book classes on their behalf with employer-paid credits. Beyond these efforts, the company created a dashboard that human resource teams can use to understand how their employee base is engaging with classes and topics, and then draw conclusions on how the benefit impacts overall retention. Last July, when Guttenplan was on summer break from his job at a brick-and-mortar school, he raked in $13,000 on Outschool. “I was doing this every weekday, and I said, ‘This is amazing. I’m never going to make this amount of money in one month ever again. It’s amazing, but it’s not going to last forever,’” he recalls. School was closed. Camps were closed. It felt like a unique convergence of factors that worked in his favor, and he wanted to take advantage. (Source: www.edsurge.com)