Dunce Deals #36 - Syndicating FourthRev
Hi, I'm John Danner, Managing Director of Dunce Capital. Dunce Deals is my look at the most interesting deals and news from edtech and the future of work. In the last four years, I have made over three dozen pre-seed investments in the space including Lambda School, Outschool, GetSetup, and Maven. Before Dunce, I founded three companies, NetGravity (IPO), Rocketship Public Schools (12k students) and Zeal (sold 2018).
Hey all, popping back from the web3 rabbit hole to share one syndicate with you.
FourthRev is at the intersection of bootcamps and university brands. They are the next iteration of what Trilogy (acquired 2u $750m 2019) pioneered. They partner with universities to offer career accelerators. The two cool things are that this is now totally online (trilogy was pre-covid in physical classrooms) and there is very deep collaboration with the professors at the small number of schools they partner with (trilogy had many partners and more limited collaboration). The first partnership is in data science with the London School of Economics.
Dunce is doing $100k in this deal. Reach Capital led the seed and is coming in big in this round. We only have $100k syndicate allocation and $70k is already filled, but put in your requests and I will push to increase our allocation.
Here is the syndicate link:
Here is the complete list of Dunce Investments:
Mystery Science - purchased by Discovery Education 2020
Swing - on-demand talent for the education market
Epic! - the best children’s books digitally for every classroom and every home
Kunduz - the leader in test prep for Turkey
Erudifi - loans for students going to vocational schools and higher ed in SE Asia.
Outschool - the best marketplace of live small classes for your k-12 student
Juni - Coding, Math, and English instruction 1-1 and small group
Lambda School - teaching students to code and get jobs in great companies
LingoKids - English learning for young children
Padlet - a modern document creation and sharing platform
TinyCare - micro-daycare centers
SV Academy - teaching students tech sales and getting them jobs in great companies
Sora - a better high school, completely online
Prenda - micro-schools to unlock your child’s talent
CoLearn - K-9 virtual unschooling that’s better than free.
Galileo - the first online world school
Beanstalk - live classes for young children
GetSetup - live social network for seniors
Primer - live academic and social network for homeschoolers
Contra - social network for freelancers
Fourthrev - run digital bootcamps for universities focused on in-demand job skills
Marketerhire - marketing experts from that you can rent
Abwaab - the best test prep platform in MENA
Supernow - live classes and clubs for elementary and middle schoolers
Maven - the leader in cohort-based courses
Prendea - live classes and social network for students in LatAm
Kritik - peer grading for higher ed
Major League Hacking - hackathons and fellowships for university students
Reforge - live classes on Growth for upskilling professionals
Synthesis School - learn problem-solving by playing video games
AI Camp - AI for ages 13-18 from Stanford pHDs.
Bindr - Silent study groups online.
The Explanation Company - Google for kids.
Omella - payments for schools, non-profits, and small businesses.
Geniebook - a personalized learning platform for Singapore and Vietnam.
Hallo - cohort-based language learning.
StudyStream - Silent study groups online.
Ender - Minecraft competitions.
Stepful - A career training center for nurses.
Stoa - AltMBA for India.
Kurios - Reforge for LatAm.
This newsletter is not an offer to sell securities nor a solicitation of an offer to buy any security. I am not acting as your financial advisor and I urge you to consult your own advisors before making any investment decision.
I would love for you to follow me on twitter @jwdanner or read my medium posts medium.com/@johnwdanner