Chegg, Inc.

Chegg, Inc.

Chegg, Inc.

Overview
Date Founded

2005

Headquarters

3990 FREEDOM CIRCLE, SANTA CLARA, CA, 95054

Type of Company

Public

Employees (Worldwide)

1,941

Industries

Internet Software & Services
Other Business & Consulting Services
Schools & Student Services

Company Description

Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades and test scores. The firm offers required and non-required scholastic materials including textbooks in any format, access to online homework help and textbook solutions, course organization and scheduling, college and university matching tools and scholarship connections. Its services include Chegg study, writing, tutors and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

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Executives & Employees

President, Chief Executive Officer & Co-Chairman of the Board

Chief Financial Officer

Chief Marketing Officer

President of Learning Services

Chief Accounting Officer, Vice President & Controller

Chief Strategy Officer

Secretary & General Counsel

Chief People Officer

Chief Communications Officer

Board of Directors

President, Chief Executive Officer & Co-Chairman of the Board at Chegg, Inc.

Chairman of Media, Entertainment & Education, Americas at Kohlberg Kravis Roberts & Co. LP

Former Vice President of Global Partnerships & Business Development at Facebook, Inc.

Chief Executive Officer at Forty Niners Football Co. LLC

Former Chief Financial Officer at YouSendIt, Inc.

Partner at Kleiner Perkins Caufield & Byers LLC

President & Chief Executive Officer at Southern New Hampshire University

Vice President-Gaming Ecosystem at Microsoft Corporation

Managing Director at Summit Partners LP

Paths to Chegg, Inc.
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Chegg, Inc.
Owners & Shareholders
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Baillie Gifford is an active, team-oriented, research-based manager which is completely focused on delivering long-term returns. The firm’s investment philosophy focuses on growth while their universe is global. They employ bottom-up conviction to portfolio construction. Their diversified strategies maximize investment opportunities, aiming to achieve steady returns. For equities, Baillie Gifford’s analysts conduct qualitative, fundamental analysis to identify the most competitive, innovative and efficient growth companies. For multi-asset strategy, the firm invests in various asset classes such as listed equities, property, high yield credit, commodities, emerging market government bonds and insurance linked securities. For fixed-income, Baillie Gifford invests in government bonds and currencies, emerging market bonds, investment grade and high yield.

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APLP focuses exclusively on active, high value-added investment strategies where experienced investment professionals pursue superior results through a combination of original thinking and a disciplined investment approach based on a bottom-up process that covers a range of geographic areas and focuses on investments in growth and value stocks. The firm places particular emphasis on identifying and investing in well-managed companies with dominant or increasing market shares. They also closely monitor market valuation. Their autonomous investment teams oversee a range of investment strategies across diversified market capitalizations, regions and styles. All accounts managed by the firm regardless of investment strategy, invest primarily in common stocks and other equity securities. Their distribution strategy is focused on sophisticated investors around the globe that operate with institutional decision-making processes and longer-term investment horizons.

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FAM is a growth manager that uses proprietary, bottom-up, fundamental research to identify companies that are undergoing positive dynamic change. The firm invests in companies experiencing high unit volume growth and/or companies undergoing a positive life cycle change. Companies with high unit volume growth are experiencing growing revenues and unit volume, increasing market share, and an expanding business. Companies undergoing positive life cycle change may have new management, a new product innovation, may be involved in a new acquisition or may stand to benefit from new regulations. FAM offers multiple investment strategies.

Recent Transactions
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Chegg, Inc. issued USD Common Stock

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Chegg, Inc. purchases Thinkful, Inc. from Floodgate Fund LP, RRE Advisors LLC, Global Founders Capital Management GmbH, The Founders Fund Management LLC, Quotidian Ventures, Tribeca Venture Partners LLC, Owl Ventures LLC

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Chegg, Inc. purchases StudyBlue, Inc. from Great Oaks Venture Capital BZ LLC, Foley Ventures LLC

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onChegg, Inc. issued USD Common Stock

Escrow Agent

Advised onChegg, Inc. issued USD Common Stock

Underwriter

Advised onChegg, Inc. issued USD Common Stock

Legal Advisor

Advised onChegg, Inc. issued USD Common Stock

Legal Advisor

Advised onChegg, Inc. issued USD Common Stock

Associate

Advised onChegg, Inc. purchases Thinkful, Inc. from Floodgate Fund LP, RRE Advisors LLC, Global Founders Capital Management GmbH, The Founders Fund Management LLC, Quotidian Ventures, Tribeca Venture Partners LLC, Owl Ventures LLC

Advisors & Consultants
Legal Advisor

Head of US Capital Markets & Managing Partner of Silicon Valley Office at Freshfields Bruckhaus Deringer LLP

Advisor

Co-Founder & Chief Executive Officer at Nectar, Inc.

Legal Advisor

Industry Co-Chair, Internet at Fenwick & West LLP

Key Stats and Financials As of 2020
Market Capitalization
$12.7B
Total Enterprise Value
$11.7B
Earnings Per Share
$-0.05
Revenue
$644M
Net Profit
$-6.22M
Total Debt
$1.53B
Total Equity
$610M
Debt TEV
0.13x
Three Year Compounded Annual Growth Rate Of Revenue
36.19%
TEVNet Income
-1,882.62x
Enterprise Value EBITDAOperating
95.58x
Enterprise Value / Sales
18.18x
EBITDAMargin
18.98%
EBITDA
$122M
Non-Profit Donations & Grants
$1,000 - $2,499
2019
$75K - $100K
2018
$5,000 - $10K
2018
Investments
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TAPD, Inc. develops and operates software platform for students. The company was founded by Charlie Javice and is headquartered in New York, NY.

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Passei Direto SA operates a social network with content for college students. It also develops and publishes a social network for academics. The company was founded by Andre Simoes and Rodrigo Salvador in 2012 and is headquartered in Rio de Janeiro, Brazil.

Investors
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Millennium TVP Management is an active manager which invests in both private and public companies located in the world wide. The firm follows of advanced technologies such as artificial intelligence, autonomous driving, drones, robotics, sensors, big data and other innovations. It provides financing for every type and stage of venture capital, growth equity, private equity and secondary liquidity investments. It makes minority and control positions.

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Founder at The Thiel Foundation

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Co-Founder at Nextdoor, Inc.

Suppliers
Pearson Plc Internet Software & Services | London, United Kingdom

Pearson Plc is an education company, which engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: North America, Core, and Growth. The North America segment includes businesses in the Unites States and Canada. The Core segment referst to businesses in mature markets including the United Kingdom, Australia, and Italy. The Growth segment covers the businesses in emerging markets including Brazil, China, India, and South Africa. The company was founded by Pearson Samuel in 1844 and is headquartered in London, the United Kingdom.

Ingram Industries, Inc. Publishing | Nashville, TENNESSEE

Ingram Industries, Inc. engages in book distribution, print and distribution services, marine transportation and digital fulfillment services. It offers trade books, textbooks, specialty magazines, and audiotapes to booksellers, librarians and specialty retailers. The company was founded by Erskine Bronson Ingram II in 1978 and is headquartered in Nashville, TN.

McGraw-Hill Education, Inc. Schools & Student Services | New York, NY

McGraw-Hill Education, Inc. publishes and distributes educational content, software and services. The firm operates through four segments: Higher Education, K-12, International and Professional. The higher education segment relates to the development of product across all disciplines, the K-12 segment relates to content development and the international segment relates to locally developed products or adaptations and translations of existing higher education, K-12 and professional products in both digital and print format. The professional segment relates to new titles and revisions, similar to the higher education segment, and include activities related to the creation of the actual product. The company was founded by James Hill McGraw in 1888 and is headquartered in New York, NY.

Competitors
Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Barnes & Noble Education, Inc. Retail: Other - Basking Ridge, NJ

Barnes and Noble Education, Inc. engages in the management and operation of bookstore chains in universities. It operates through the following segments: Retail, Wholesale, and Digital Student Solutions (DSS). The Retail segment operates physical and virtual campus bookstores. The Wholesale segment sells hardware and software that provides inventory management and point-of-sale solutions to college bookstores. The DSS segment includes direct-to-student product and service offerings to assist students to study more effectively and improve academic performance. The company was founded by Leonard Riggio in 1965 and is headquartered in Basking Ridge, NJ.

2U, Inc. Computer Software - Landover, MD

2U, Inc. engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. The Alternative Credential segment provides premium online short courses and technical, skills-based boot camps through relationships with nonprofit colleges and universities. The company was founded by Christopher J. Paucek on April 2, 2008 and is headquartered in Lanham, MD.

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