Summary List Placement
Scott Galloway’s edtech startup Section4 recently raised $30 million in a Series A round led by General Catalyst with participation from Learn Capital and GSV Ventures.
Section4 is an online education platform aimed at professionals looking for a cheaper option than a traditional MBA. The company was founded by Galloway in 2019.
“Elite MBA education is the most scarce product in the world,” Galloway told Insider last week. “Globally recognized, transformative in value, and available to less than .01% of the population. We aim to change that.”
Learning on Section4’s online platform is conducted in “sprints” ranging in focus from product to brand to strategy that are intensive courses that mix live lectures, lessons and case studies to students. Section4 professors come from NYU Stern, Kellogg, Stanford University and Berkeley Haas. It now has more thn 10,000 users in 97 countries.
The $30 million round comes as more VC money is funding edtech. In 2020, edtech startups received $13.3 billion in global VC funding, passing the previous record in 2018 by 50%, according to Pitchbook data.
Here’s the pitch deck presentation that won over General Catalyst and other investors to raise $30 million for Section4:
Section4’s mission is to democratize elite business education.
Average tuition at universities continues to climb, leaving the education industry ready to be disrupted.
There are 8,500 graduates each year in top 20 MBA programs, according to Section4 analysis of US News & World Report data.
Professional employee ‘upskilling’ is a $14 billion market.
Other business school programs create too many obstacles, including price, admissions and work experience.
Section4 wants to unbundle business education at 10% of the cost.
