OneClass

OneClass
Private
Industry Education, Social Learning Network, E-commerce
Founded 2010
Founders Jackey Li, Maggie Peng, Jack Tai, Kevin Wu
Headquarters Toronto, Canada
Products Class notes, homework help, textbook solutions
Website oneclass.com

OneClass is an online educational technology platform where university students share notes and access resources.

History

In September 2010, the precursor to OneClass, called Notesolution, was founded by four undergraduate students from the University of Toronto as a way to provide students with additional learning resources in the form of course notes.[1]

One year later in October 2011, Notesolution acquired StudyMonkey, a competitor with a similar note-sharing platform.[2]

Notesolution raised $400,000 in 2012 and participated in FounderFuel’s Accelerator Program in Montreal.[3][4] In 2013 OneClass raised $1.6M from a Series A led by SAIF Partners, Real Ventures, and several other angel investors[5] totaling $2.3M in funding over three rounds.[6]

In 2018, OneClass co-founders were named in Forbes 30 Under 30 list for leaders in education.[7]

As of 2018, OneClass has over 11 million pages of study documents, and has been used by more than 2.2 million students in the United States, Canada, Australia, and New Zealand.[8]

Concept

OneClass uses a freemium model where users can contribute learning material by uploading notes and study documents in exchange for site currency, or “credits.” Users can use credits to unlock other documents on the site for viewing or downloading, or use the credits to purchase gift cards. Alternatively, users can choose to pay for a subscription.[9] Additionally, OneClass offers an app where users can ask questions and get help from other students and tutors.[10]

Controversy

Opinions are mixed about the concept of students sharing study content such as lecture notes and exam study guides. Some students, such as University of Saskatchewan Students' Union VP academic Kelsey Topola, say that notes are students' intellectual property, and they can share them.[11] There are others such as Professor Camille Hernandez-Ramdwar of Ryerson University who points out that students who post their notes may not have the correct interpretation of the material, which can result in a problem for other students.[12]

In November and December of 2012, Red Bull and OneClass (Notesolution) provided Canadian students with Exam Survival Kits that included more than 20,000 cans of Red Bull. [13]

References

  1. ↑ "Ed-tech sector is booming". Canadian Business - Your Source For Business News. 2012-10-29. Retrieved 2018-09-24.
  2. ↑ "Toronto startup Notesolution Acquires Waterloo Startup StudyMonkey's Note-sharing Service". Techvibes. Retrieved 2018-09-24.
  3. ↑ "OneClass Raises $1.6M To Expand Its Note Collaboration Platform Beyond Post-Secondary". TechCrunch. Retrieved 2018-09-24.
  4. ↑ "FounderFuel Demo Day Spring 2012: Which are the most promising tech startups?". Techvibes. Retrieved 2018-09-24.
  5. ↑ "OneClass takes $1.6M to apply the Jerry Maguire strategy to college". VentureBeat. 2013-10-21. Retrieved 2018-09-24.
  6. ↑ "OneClass | Crunchbase". Crunchbase. Retrieved 2018-09-24.
  7. ↑ "30 Under 30 2018: Education". Forbes. Retrieved 2018-09-24.
  8. ↑ "OneClass". Forbes. Retrieved 2018-09-24.
  9. ↑ "The Economics of Note Sharing". Big Think. 2011-08-09. Retrieved 2018-09-24.
  10. ↑ "Solvit - Homework Help for Math,Chemistry,Physics". Download.com. Retrieved 2018-09-24.
  11. ↑ "The days of emailing the whole class for notes are over – The Sheaf – The University of Saskatchewan Newspaper Since 1912". thesheaf.com. Retrieved 2018-09-24.
  12. ↑ "Profs nervous after finding lecture notes online | Ryersonian.ca". ryersonian.ca. Retrieved 2018-09-24.
  13. ↑ "Free Exam Survival Kit For Students(Includes 4-pk Redbull And Study Guides)-Freebies Canada | Canadian Freebies, Coupons, Sweepstakes ~ Canadianfreestuff.com". 2013-02-02. Retrieved 2018-09-24.
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