October 18, 2014
EdTech disruption is nothing new for Sieva Kozinsky, though StudySoup is set up to be his biggest yet. Kozinsky and his team graduate from 500 Startups, the micro-VC accelerator program based in Silicon Valley on Tuesday and already have their sights set on a public launch in January.
StudySoup helps students buy and sell high quality study materials through their online marketplace in a manner that they describe as ‘peer to peer learning.’ This marketplace makes materials more accessible to peers, while allowing students who create the material to earn extra money. Currently, students may share reference material among their classmates who they know, but the ability to get paid a base fee plus commissions on each sale to take course notes is a disruptive idea to say the least. They’ve created a marketplace where there wasn’t one before.
“This is a highly underserved marketplace,” Kozinsky says, “and I believe that education can solve the world’s problems.”
StudySoup was founded a couple months prior to joining 500 Startups and has already rolled out their platform to several high profile colleges such as UCLA, Brown, and the University of Oregon. While still in beta, they have passed 15k users with thousands of notes already being posted on their platform.
While in the 500 Startups program, StudySoup was able to build up a strong adviser and investor base. Kozinsky says “inside of the program we had access to just about anyone,” which is something they took advantage of. He also describes some of the highlights as seeing Jessica Mah of InDinero and sitting down with Robert Scoble.
StudySoup will graduate 500 Startups on Tuesday with Batch 10.
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