Class Act: This 31-Year-Old’s Company Rocketed To A $1 Billion Valuation Helping Workers Get Degrees

Most edtech startups are idealistic outfits with little revenue and low valuations but Rachel Romer Carlson's Guild Education is worth $1 billion and on track to book $100 million in sales.

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“Carlson’s groundbreaking idea when she launched Guild four years ago: help companies offer education benefits that employees will actually use. Many big employers will pay for their workers to go to school (it’s a tax break), but hardly any workers take advantage of the opportunity. Applying and signing up for courses can be cumbersome, and in most instances employees have to front the tuition and wait to be reimbursed. Meanwhile, many colleges are desperate for students because they have small—or nonexistent—endowments and are financially dependent on tuition.

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Most edtech startups are idealistic outfits with little revenue and low valuations but Rachel Romer Carlson's Guild Education is worth $1 billion and on track to book $100 million in sales.

...

“Carlson’s groundbreaking idea when she launched Guild four years ago: help companies offer education benefits that employees will actually use. Many big employers will pay for their workers to go to school (it’s a tax break), but hardly any workers take advantage of the opportunity. Applying and signing up for courses can be cumbersome, and in most instances employees have to front the tuition and wait to be reimbursed. Meanwhile, many colleges are desperate for students because they have small—or nonexistent—endowments and are financially dependent on tuition.

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