Midwest Venture Summit - Illinois Venture Capital Association
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March 17 & 18, 2008Midwest Venture Summit 
On line registration is now closed.  On site registration will be available on Monday, March 17 at The University of Chicago Gleacher Center and on Tuesday, March 18 at the Sheraton Chicago Hotel & Towers.  The cost to register is $599.00
 

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PrepMe

Internet:

www.prepme.com

Address:

207 East Ohio Street, Suite 441
Chicago, IL 60611

Contact:

Karan Goel - CEO

Phone:

312/265-6446

Fax:

908/634-2230

e-Mail:

karan@prepme.com

 
PrepMe is a premium online education company that brings high-quality, customized learning to students via the internet. Our customers are parents and their students who place significant value on post-secondary education. They buy PrepMe because of our customized approach to learning, convenience, results, and high-quality curricula.

Our company is founded on the insight that customized learning is the ideal form of education. Personalization is powerful for two reasons:

- Students can learn more efficiently when they focus on their weaknesses

- Students are more engaged when they are not repeating materials they have already mastered

We have started by focusing on the test preparation market which is $1.1 billion per year in the US and growing rapidly. We currently offer preparation for the ACT, PSAT, SAT and have focused on the following channels where we have already found success:

- Direct-to-Consumer (targeted niche segments are showing high adoption rates)

- Charter Schools

- Libraries

Key accomplishments thus far:

- Enrolled 38,000+ students from 5 continents

- Entire State of Maine uses PrepMe for its SAT Preparation

- 40%+ penetration of towns in Connecticut without any full-time sales force

- Cash-flow positive with a developed set of core products

- Significant press coverage (Business Week, CNN/Money, Financial Times, Forbes, Fortune Small Business, MSNBC, PC Magazine, TechCrunch, etc.)

- Strong results: 305 point average increase on the SAT (2-3x of competitors)

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