- Flashnotes, an online student marketplace for note swapping, announced that it has closed a $1.8 million round of seed funding, attracting investment from Ryan Moore of Atlas Venture and Jordan Levy of Softbank Capital,as well as other angel investors.
- The company is looking to expand nationally from the 75 schools it currently reaches.
- Their model lets students sell notes and flashcards, taking 20% off each transaction.
From the article:
"... Flashnotes comes out of the surge in popularity for crowdsourcing, giving people a cost-effective way of pooling their knowledge and resources for solutions that rival (and sometimes improve on) those provided by large, established organizations. The trend has touched the worlds of funding (Kickstarter), music (Jelli), enterprise data (InfoArmy, among many others), maps (OpenSignal) and much more. ..."