Friday, December 09, 2011

Social Networkers Bet on Education as Next Frontier - BusinessWeek

Definitely not old school

Reid Hoffman and Matt Cohler, two of Silicon Valley’s social-networking pioneers, are throwing their hats into the education ring.

The entrepreneurs-turned-venture capitalists today led a $15 million investment in Edmodo, a free learning site for teachers and students that claims almost 5 million registered users. The cash pile, from Greylock Partners and Benchmark Capital, gives the management team the runway to hire developers and add products without doing the one thing they prefer not to talk about: making money.

Social Networkers Bet on Education as Next Frontier - BusinessWeek

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