Subversive

How Learneo Leveraged M&A to Build a $3.6B EdTech Empire


Listen Later

Andrew Grauer is the CEO of Learneo, a holding company valued at $3.6 billion that owns multiple learning and productivity businesses including Course Hero, QuillBot, CliffsNotes, Scribbr, LitCharts, LanguageTool, and Symbolab. After cofounding Course Hero in 2006 when he was a sophomore at Cornell, Andrew spent 15 years growing it into one of the world’s largest EdTech businesses before folding it into Learneo. Over the last few years since Learneo acquired QuillBot, Andrew has been focused on transforming that product into a multimodal generative AI platform for students and professionals.

Key Takeaways:

  • Andrew started Course Hero in 2006 when he was a sophomore at Cornell because he wanted a platform that could help student like him find and study academic materials that were highly course-specific.
  • Course Hero developed an elegant model where students could access content either by uploading their own course materials, which made the entire platform more valuable, or by paying for a subscription, which generated revenue.
  • As more students contributed content to Course Hero, the platform became more valuable for other students, leading to more sign ups and even more content. The company accelerated this core growth loop by investing in on-campus marketing, search engine optimization, and other user acquisition channels.
  • From 2020 and 2023, Course Hero formed a parent company called Learneo and expanded into math, literature, and writing through its acquisitions of Symbolab, LitCharts, CliffNotes, QuillBot, Scribbr, and Language Tool. This strategy allowed Learneo to expand horizontally while keeping each of its portfolio companies narrowly focused on building great products within their respective verticals.
  • Now, as generative AI unlocks new opportunities for learning and productivity, Learneo is focused on leveraging its existing assets and capabilities to build new multimodal creation tools, starting in the writing space with QuillBot.

Andrew Grauer:

  • Website: https://www.learneo.com/
  • LinkedIn: https://www.linkedin.com/in/andrewtategrauer/
  • X: https://x.com/atgrauer

Phil Carter:

  • Website: https://www.philgcarter.com/
  • Substack: https://philgcarter.substack.com
  • LinkedIn: https://linkedin.com/in/philgcarter
  • X: https://x.com/philgcarter


Podcast Production by Podders: https://podders.io

...more
View all episodesView all episodes
Download on the App Store

SubversiveBy Phil Carter

  • 5
  • 5
  • 5
  • 5
  • 5

5

11 ratings


More shows like Subversive

View all
The Tim Ferriss Show by Tim Ferriss: Bestselling Author, Human Guinea Pig

The Tim Ferriss Show

16,146 Listeners

This Week in Startups by Jason Calacanis

This Week in Startups

1,296 Listeners

Founders by David Senra

Founders

2,187 Listeners

The Daily by The New York Times

The Daily

112,982 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,486 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,858 Listeners

Conan O’Brien Needs A Friend by Team Coco & Earwolf

Conan O’Brien Needs A Friend

59,503 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,231 Listeners

Hard Fork by The New York Times

Hard Fork

5,544 Listeners