Y Combinator Backed Tutorspree Shuts Down

Posted Sep 8, 2013

Tutorspree is a startup that was backed by Y Combinator.  The company has announced that they are shutting down.  Tutorspree started three years ago and the company was considered an “Airbnb for tutoring.”  Tutorspree used an algorithm and human educational consultants to match students with tutors.  Tutorspree had over 5,000 tutors on Chicago, New York, Brooklyn, San Francisco, Washington D.C., and Los Angeles.

“When we started Tutorspree, close to three years ago, we had a vision for how private education should work. As we worked towards that vision, with the help of thousands of tutors and customers over the course tens of thousands of hours of lessons, we learned quite a bit. We learned what constituted good one-on-one tutoring, what a good relationship looked like, and how badly people need great tutors,” stated Tutorspree in a blog post.  “Ultimately, we learned about the challenges of willing a company into existence, of building an incredible and unique team to tackle constantly shifting challenges. And finally, we learned about how to make the toughest decision of all – to shut Tutorspree down, not because it was not a business, but because we could not make it the company we wanted.”

Tutorspree participated in Y Combinator’s Winter 2011 class and raised around $2.2 million in funding.  The company also raised a $1 million seed round from Sequoia Capital, Founder Collective, Lerer Ventures, SV Angel, Thrive Capital, and several others.

[Source: VentureBeat]