Canadian startup Nuvvo which aims to make education possible through the concept of e-Learning is now publicly looking for a buyer. The idea behind Nuvvo is that educators, tutors and teachers post courses on the site, which are either free or fee-based and have set dates, and potential students can then enroll into and follow these courses, with the ability to contact the tutor if they need help.
Nuvvo’s business model has been a combination of ad-revenue, split share of the total course fee, and premium accounts which accordingly allow set levels of storage, active enrollments, ad-control and e-commerce. Most Web 2.0 startups share a very similar model, and with the lack of a mainstream market in this space I think it’s a bit early to tell whether it has been viable — but could be a sign in the other direction?
Conclusively, I think the decent sale of Kiko on eBay has left a spell over some of the startups. It’s a fair thought, too: if you’ve been doing the hard-yards for the past few months without having seen anything life-changing happen to you, why not get away with a few thousand dollars and buy that house you’ve always wanted?
[tags]Nuvvo, eLearning, Acquisitions, Startups[/tags]