A big resource for entrepreneurs and startup owners, in which we have collected and analyzed why +100 big companies have failed. Learn from mistakes, and avoid being part of the 90% of businesses that fail.
Education software startup
Kno Inc. was a California based educational software startup. The company wanted to change the traditional way students learn. Kno introduced double paneled e-textbooks packed with interactive study lessons and resources, social sharing tools, and adaptive features that were designed to keep students engaged.
Kno was one of the first companies to launch Tablet Computers in 2010. The company introduced 14.1” touchscreen textbook tablet with single and dual panels on the Linux and Webkit OS.
Despite having raised close to $80 million in venture capital the company quickly saw its chances of scaling up diminish drastically once Apple introduced its now iconic iPads and iPhones. Their final blow came when Apple entered the educational sector by providing textbooks as well.
With falling revenues and fundings running low, Kno tried to pivot to a couple of different solutions none of which would prove profitable. At last, in 2013, Intel purchased the startup for a bargain, $15 million, and the entire team of Kno, except its CEO, joined Intel.
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