This Startup Is So Hot Mark Cuban Invested BEFORE Its Demo Day
screengrab from ABCProlific investor and billionaire Mark Cuban is leading a $500,000 seed round in online education startup Ranku.
Ranku aims to make it dead-simple for curious, knowledge-seeking individuals to find the best online degree program from top-notch universities.
For Ranku, the "best" school isn't necessarily the one with the highest graduation rate. Instead, the best schools in Ranku's lists are the ones that give students great job outcomes.
Back in June, Ranku joined the inaugural class of the Kaplan EdTech accelerator, sponsored by TechStars.
The program culminates this Wednesday with "Demo Day," where each startup will present in front of an audience of investors.
So what's impressive about Ranku is that it actually landed the round before Demo Day. Generally speaking, a startup may land a deal on or after demo day, or not at all. And when your business is already cash flow positive after launching just three months ago, it may not even be necessary to raise money.
But when Cuban approached Taylor, offering to invest, she couldn't say no, Taylor tells Business Insider. That's because of Cuban's vast experience and expertise in the education tech space.
He's invested in a number of education startups, and he understands the industry really well, Taylor says. So both now and down the road, Taylor sees Cuban as a great strategic partner to have on board.