Learning Priority Inc (formerly Edulink) - My quick overview of this is that they have raised and spent $16M trying to build some software. Now they are out of money and can't raise any more. Some quotes below.
AMERICAN PUBLIC EDUCATION - ?
Home School Inc -
Overview--------Learning Priority, Inc. is a development stage company engaged in the design anddevelopment of a seamless integrated Internet educational service, called theSmart Schoolhouse system, for schools and homes, that is intended to be marketedto and utilized by students, parents, teachers and school administrators. Theplanned service will be delivered over the Internet to personal computer users.The Company originally estimated that it needed a total of approximately $8.5million to produce, alpha test, beta test and launch the system for the 7th and8th grades only. The Company subsequently (in August 2001) determined that tosuccessfully launch the system, it was necessary to include curricula for allgrades from 3rd through 12th as well as the homeschool market, and the Companytherefore also needed to license and make third party content available throughits system. The Company estimated that it needed an additional $5 millionthrough June 2002 to complete the modifications required for the system'sapplication for the entire 3rd through 12th grades and to the homeschool market,to license and integrate third party content, to complete production ofadditional enabling tools, to create proprietary curriculum for two additionalgrade levels, to launch the system and conduct marketing activities up to theend of the customary school year (i.e., June 2002), and to provide theinfrastructure to market and exploit the Company's technologies outside of thegrade 3-12 education market. Therefore, having taken into account the revisedcapital requirements, the Company estimated that it needed to raise a total of 6