Presenting Jeremy Friedman – Schoology

 

Jeremy Friedman is Co-founder and CEO of Schoology. It is a company which offers a collection of features to help teachers enhance their lessons plans, as well as manage their classrooms. It allows educators to host discussions, set up coursework, add videos and interactive media, and track grading and engagement in one spot.  In many ways it is an LMS, but with a Facebook feel.

The Schoology platform was originally designed by Jeremy and two others, Ryan Hwang and Tim Trinidad.  The three were still undergraduates at Washington University in St. Louis, MO. and had designed it simply for sharing notes with themselves and others. Schoology was released commercially in August 2009 and additional features and functionality continue to be added.  

As CEO, Jeremy builds strategic partnerships, directs corporate strategy and ensures the product vision and Schoology platform are operating at optimal levels. Alan Veeck, a venture capitalist who worked with Jeremy as Schoology was starting up comments, “Friedman’s specific experience in the development realm makes him kind of the MacGyver–he can make anything work and has strong sales skills.”(Moran, 2010)

Since founding Schoology in 2009, Jeremy has helped navigate the company through financing rounds and successfully prepare for rapid growth, including the support of more than 20,000 schools and districts.  FirstMark Capital, Meakem Becker and Venture Capital have invested millions to allow Friedman to hire engineering talent and further enhance the platform that Friedman admits, “bringseverything into one unified physical platform.” (Colao, 2012)

Amish Jani, Managing Director at FirstMark, observed that, “The team at Schoology brings a tremendous amount of energy and an ability to intuit how the education market is going to evolve.” FirstMark’s involvement in Schoology supplements the firm’s existing education investments in companies like Knewton, StraighterLine and Lumosity.(Colao, 2012)

With millions of potential customers conveniently gathered in one place, it’s not hard to see why education startups may come to view Schoology as an important resource for their applications. E-books, differentiated learning programs, video courses and other upcoming trends in online education easily fit into any ecosystem hosted by the company.“Every day we get more and more excited and more and more motivated,” Friedman says. “It is a tremendous market and it has been neglected for so long.”Moran, 2010)

In regards to his platform looking eerily similar to Facebook, Friedman confessed that when the company launched it was not easy to convince school administrators to use the network, at least superficially, in their classrooms. “Everyone would say ‘we can’t have that in schools,’” he says. After Schoology demonstrated how instructors could use the platform to be more active in the development of students, he won over the naysayers. “Seeing that paradigm shift is encouraging,” he says. (Joao-Pierre, 2012)

 

Schoology Youtube link – http://youtu.be/uqc1xE2H9Wg 

 

 

 

Moran, Gwen (October, 2010). “The Rise of the Virtual Classroom”. Entrepreneur Magazine (Irvine, California). Retrieved Sept 26, 2012.

“LMS with a Social Flair: Schoology”. Technology Chatter. January 12, 2011. Retrieved Sept 25, 2012.

Joao-Pierre, R. S. (2012) Schoology Aims to Make the Honor Roll in Education Technology. Retrieved from http://www.xconomy.com/new-york/2012/04/18/schoology-aims-to-make-the-honor-roll-in-education-technology/2/

Colao, J. J. (2012) With Education At A Tipping Point, Schoology Scores $6 Million In Series B. Retrieved from http://www.forbes.com/sites/jjcolao/2012/04/16/with-education-at-a-tipping-point-schoology-scores-6-million-in-series-b/

 

Posted in: Week 04: Entrepreneur Bootcamp