Instead of throwing binders full of notes in the trash at the end of a semester, college students can now sell their notes online to their classmates.
That, at least, is the plan for Flashnotes, a Boston-based education technology startup that is trying to improve how students share and use course materials, one test at a time.
To increase its reach, Flashnotes announced yesterday it has acquired one of its competitors, Florida-based Moolaguides.com.
Michael Matousek, founder and CEO of Flashnotes, said the acquisition of Moolaguides will help Flashnotes continue to expand, especially in Florida, and will help the company offer study materials from more classes.
"We are going for breadth and depth," Matousek said. "We're just beginning."
Large schools, like many in Florida, are the most lucrative for Flashnotes and its sellers. On Flashnotes' seller leaderboard, the top sellers are notes, flashcards, study guides and live tutoring for classes at Rutgers University, University of Georgia and Florida State University, all of which have at least 35,000 undergrads. Matousek said the schools are generally supportive, and view Flashnotes as a way for students to supplement classes.
In July, Flashnotes acquired NoteUtopia, another competitor, which was strong on the West Coast.
Flashnotes is just one of nearly 250 budding, early stage edtech companies in Boston, according to Eileen Rudden, co-founder of edtech organization LearnLaunch.
"There is a ton of entrepreneurial activity," Rudden said. "If you think about a sector in the United States that hasn't been transformed by digital technology, it might be education."
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