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Chegg

Chegg

Chegg is a California-based company founded in 2005 by Osman Rashid, Aayush Phumbhra and Josh Carlson.

Chegg is a company that offers educational services support, ranging from textbook rentals to online tutoring. Chegg was founded in 2005 by Aayush Phumbhra, Josh Carlson, and Osman Rashid. It originally started as a textbook rental company, although in recent years have branched out to focus more on e-learning services. The company is headquartered in Santa Clara, California, United States. Chegg also has several subsidiaries that are still actively operating as part of its Chegg Network: StudyBlue (acquired in 2018), Thinkful (acquired in 2019), Easybib (acquired in 2016), and Internships.com (acquired in 2014).

Service

Chegg offers college students the ability to rent or purchase used books through its online platform. Students can order their textbooks through the website and are allowed to use highlighters on them. However, supplemental materials such as accompanying CDs may not be included with the book. Books are shipped directly to the student. Rent is paid on roughly a three-month basis. Chegg also has an e-Textbook rental available for students.

In addition to its textbook rental services, Chegg also operates a study assistance service where students can access additional resources based on the textbook that they use. The same program also allows students to ask questions and receive answers from Chegg's in-house tutors. Chegg also provides other services through its network - such as flashcard creation and management, subject-based online tutoring, automatic math solving, test preparation service, internship job portal, and a scholarship database.

Timeline

September 19, 2019
Thinkful confirms data breach days after Chegg's $80M acquisition
March 9, 2012
Chegg raises a $25,000,000 series F round from Foundation Capital, Insight Venture Partners, Kleiner Perkins Caufield & Byers and Lucas Venture Group.
September 27, 2010
Chegg raises a $75,000,000 series E round.
November 19, 2009
Chegg raises a $57,000,002 series D round from Insight Venture Partners.
December 17, 2008
Chegg raises a $25,000,000 series C round from Foundation Capital and Kleiner Perkins Caufield & Byers.
June 15, 2008
Chegg raises a $4,700,000 series B round.
January 1, 2007
Chegg raises a $2,200,000 series A round from FLOODGATE.

Funding rounds

People

Name
Role
LinkedIn

Aayush P

Founder

Ashton Kutcher

Investor

Bill Trenchard

Investor

Chris Hollod

Investor

Dave Kurtz

Investor

David Straus

Investor

Deepak Kamra

Investor

Don Lucas

Investor

Ed Zschau

Investor

Eric Di Benedetto

Investor

Freddy Piumelli

Investor

Guo Jingjing

Investor

Harry Tsao

Investor

Jeremy Johnson

Investor

Ken Sawyer

Investor

Ken Wirt

Investor

Kevin Dunlap

Investor

Li Jiang

Investor

Luben Pampoulov

Investor

Michael Moe

Investor

Mike Maples

Investor

Ori Sasson

Investor

Osman Rashid

Investor

Patrick Lee

Investor

Paul Holland

Investor

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Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Natasha Mascarenhas
January 7, 2021
TechCrunch
Some of the biggest decision-makers in edtech are taking a scalpel to the way tutoring used to work.
Walter Thompson
November 10, 2020
TechCrunch
While there were risks to gaming, the large and growing market size, resilient economic model and high engagement rates were compelling enough to look past them.
Zack Whittaker
May 4, 2020
TechCrunch
Ransomware is getting sneakier and smarter. The latest example comes from ExecuPharm, a little-known but major outsourced pharmaceutical company that confirmed it was hit by a new type of ransomware last month. The incursion not only encrypted the company's network and files, hackers also exfiltrated vast amounts of data from the network. The company was [...]
Zack Whittaker
April 29, 2020
TechCrunch
Exclusive: The education company said hackers made off with employee records, including Social Security numbers.
Zack Whittaker
September 19, 2019
TechCrunch
Thinkful, an online education site for developers, has confirmed a data breach, just days after it confirmed it would be acquired. "We recently discovered that an unauthorized party may have gained access to certain Thinkful company credentials so, out of an abundance of caution, we are notifying all of our users," said Erin Rosenblatt, the [...]

References

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