Why We Invested · Reach Capital
Product
Paper provides students with trained tutors for homework help, writing feedback, and study support across all K-12 subjects.
At any given moment, a student can connect with a trained tutor for pedagogically rigorous homework help, writing feedback and study support across all K-12 content areas.
Teachers can review Paper tutoring sessions to identify students needing support and adjust classroom instruction.
Teachers at schools can access these sessions, see which students need support, and adjust their instruction accordingly.
Paper centers its tutoring on human interaction using employed tutors rather than strictly software or contractors.
The tutoring experience is centered around rich human interactions, not strictly software, and the tutors are employees, not contractors.
Traction
Paper's footprint spans nearly 30 U.S. states, including large school districts like Hillsborough County and Clark County.
Its footprint spans nearly 30 states, in some of the biggest U.S. districts like Hillsborough County Public Schools and Clark County Public Schools.
Team
Paper co-founder Phil Cutler is a former classroom teacher and city councilor.
Phil is a former classroom teacher and city councilor.
Business model
Paper sells fixed-price licenses to schools and districts for unlimited 24/7 online tutoring support for every student.
For a fixed price, Paper sells licenses to schools and districts to make its online tutoring support available to every student, around the clock, with no cap on usage.
Investment context
Paper has built a billion-dollar business providing mission-critical equitable tutoring services to schools.
Paper is proof that one can build a billion-dollar business by offering a mission-critical service to schools that reaches every student, regardless of socioeconomic status.
What founders can learn
- The traction evidence that carried weight: Reach Capital wrote that Paper's footprint spans nearly 30 U.S. states, including large school districts like Hillsborough County and Clark County.
- How the team was judged: Reach Capital wrote that Paper co-founder Phil Cutler is a former classroom teacher and city councilor.
- How the model was assessed: Reach Capital wrote that Paper sells fixed-price licenses to schools and districts for unlimited 24/7 online tutoring support for every student.
Source and provenance
Why We Invested published by Reach Capital on reachcapital.com (first-party source). Read the original
