SXSW 2016 Panel ProposalScaling in Education:

Lessons from Tyton Growth50

July 2015

3Sources: CBInsights; Pitchbook, Tyton Partners analysis

Funding for Ed Tech Companies Continues to Grow Rapidly as Investors Flock to the Sector…

100

$200M

$0M

250

150

$400M

200

$600M

0

$1,200M

$1,600M

$1,400M

50

$800M

$1,000M

$1,800MDeals

20132010 2011 2012 2015 (Year-to-Date)

2014

$1,412M74

133

$513M$414M

$846M

$1,610M

$944M

170

40%

217

223

127

Deals

Investments

Ed Tech Global Annual Financing, 2010-2015

Q1 2013

raises $150M

Q1 2015

raises $186M

Q3 2014

raises $135M

2010-2014CAGR

4

… But Which Companies, Buoyed by the Current Funding Boom, Will be Able to Achieve Long-term Sustainability?

Selected Core Attributes• Learner/Stakeholder Impact

• Financial Stability

• Customer Execution

• Market awareness

To answer this question, Tyton Partners identified 50 growth-stage companies that together represent dynamic organizations that are scaling their impact and achieving key financial, customer penetration, and brand awareness goals

5

Across All Sectors of the Education Industry, Balancing these Four Attributes Is a Prerequisite for Scaling Growth

Tyton Partners Growth Framework

The Tyton Growth50 is a Diverse Set of Companies that Have Demonstrated Ability to Pursue Scale and Impact…

6

7

… And Have Proved their Potential for Long-term Viability

7

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Our Panel – Composed of Growth50 CEOs – Will Share Critical Success Factors and Lessons Learned Gates Bryant, Partner, Tyton Partners - Gates joined Tyton Partners in 2011 in the strategy consulting practice. Prior to joining Tyton Partners, Gates was an executive with Houghton Mifflin Harcourt, working in strategy, product management, and finance during a period of dramatic change in the educational publishing and technology industry. Prior to joining Houghton Mifflin Harcourt, Gates spent seven years as a strategy consultant with the Parthenon Group. In addition, Gates was a member of the start-up team of Edify, a non-profit focused on supporting affordable private schools in the developing world.

Andrew Grauer, Co-founder and CEO, Course Hero - Andrew cofounded and runs Course Hero, which, for a membership fee, offers study guides, class notes, past course exams, flash cards, live tutoring services, and supplementary courses, mostly for college students. The company has raised over $18 million in funding from influential investors including YouTube’s cofounder, Steve Chen.

Jessie Woolley-Wilson, CEO, Chair, and President, DreamBox Learning, Inc. - Jessie heads DreamBox Learning, the company that pioneered Intelligent Adaptive Learning™. Jessie has nearly two decades of experience in K–12 e-learning and has held several leadership roles in prominent education companies, including serving as President of Blackboard’s K-12 Group and President of LeapFrog SchoolHouse. Jessie also held leadership positions at collegeboard.com and Kaplan.

Lane Rankin, CEO and President, Illuminate Education - Prior to founding Illuminate, Lane was the founder, CEO and President of two educational technology companies, WebMedia Solutions, Inc. and Achieve! Data Solutions, later acquired by Houghton Mifflin. Lane also has experience as a classroom teacher, county office and school administrator, and university professor and is a national presenter on educational data and assessment management.