Online marketplace connecting students with local private tutors using matching algorithms.
Students struggled to find quality local tutors efficiently; tutors had difficulty discovering students; traditional methods were inefficient and expensive.
Students struggled to find quality local tutors efficiently; tutors had difficulty discovering students; traditional methods were inefficient and expensive.
Algorithm-driven matching platform for students and local tutors, enabling preference-based pairings and in-person sessions.
Algorithm-driven matching platform for students and local tutors, enabling preference-based pairings and in-person sessions.
Tutorspree shut down operations in 2013 and sold its assets, including user database, to Wyzant.
Event Year: 2014
Acquirer: Wyzant
Tutorspree shut down operations in 2013 and sold its assets, including user database, to Wyzant.
Event Year: 2014
Acquirer: Wyzant
Faced challenges including Google algorithm changes reducing traffic, slow growth, crowded market, high fees deterring users, and lack of funding.
Faced challenges including Google algorithm changes reducing traffic, slow growth, crowded market, high fees deterring users, and lack of funding.
Tutorspree aimed to revolutionize the way students and tutors connected. Recognizing the inefficiencies and costs associated with traditional tutoring methods, the company developed an algorithm-driven marketplace. This platform matched students with local private tutors based on their specific needs and preferences, facilitating in-person learning sessions. The goal was to provide a more efficient and personalized tutoring experience for both students seeking academic support and tutors looking to expand their reach.
However, despite its initial promise, Tutorspree ceased operations in 2013 and sold its assets, including its user database, to Wyzant. Several factors contributed to its downfall. Changes in Google's search algorithms negatively impacted traffic to the site. The company also faced challenges related to slow growth, intense competition within a crowded marketplace, and high fees that deterred potential users. Ultimately, a lack of sufficient funding proved to be the final blow, leading to the acquisition of its assets.
Tutorspree aimed to revolutionize the way students and tutors connected. Recognizing the inefficiencies and costs associated with traditional tutoring methods, the company developed an algorithm-driven marketplace. This platform matched students with local private tutors based on their specific needs and preferences, facilitating in-person learning sessions. The goal was to provide a more efficient and personalized tutoring experience for both students seeking academic support and tutors looking to expand their reach.
However, despite its initial promise, Tutorspree ceased operations in 2013 and sold its assets, including its user database, to Wyzant. Several factors contributed to its downfall. Changes in Google's search algorithms negatively impacted traffic to the site. The company also faced challenges related to slow growth, intense competition within a crowded marketplace, and high fees that deterred potential users. Ultimately, a lack of sufficient funding proved to be the final blow, leading to the acquisition of its assets.
Total Raised: $1.8 million
Last Round: Angel
Total Raised: $1.8 million
Last Round: Angel
Marketplace taking a percentage of tutor fees.
Marketplace taking a percentage of tutor fees.
Students and parents seeking private tutors; tutors offering local in-person lessons.
Students and parents seeking private tutors; tutors offering local in-person lessons.
unknown
Hiring: unknown
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Hiring: unknown