Education Start-Up Focused on Making Flashcards Mobile Raises $9 Million

StudyBlue, which has more than 2.5 million students using its free apps to create flashcards and quizzes, has raised $9 million in a first round. Great Oaks Venture Capital led the round, with participation from the Wisconsin Alumni Research Foundation. The Madison, Wis.-based company was founded three years ago by Chris Klundt while he was at University of Wisconsin at Madison.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work