Avanoo
| Founded | September 1, 2013 |
|---|---|
| Area served | Global |
| President | Prosper Nwankpa |
| CEO | Daniel Jacobs |
| Industry | learning technology |
| Website | www |
Avanoo is a Boulder, Colorado and San Francisco, California-based learning company delivering video-based training to improve employee performance.[1]
History[edit]
Avanoo was founded in September, 2013 by co-founders Daniel Jacobs and Prosper Nwankpa.[2] Avanoo partners with around 200 experts and speakers to develop online video learning Programs on leaders, thriving through change, life balance, team building, marketing, and many other areas of personal and professional development.[3]
Avanoo was originally called Placebo Effect.[4] Its first product in 2013 was an iPhone app that sought to help people make positive changes with support from placebo research.[5] The product received buzz from worldwide media outlets as part of an IndieGoGo crowdfunding campaign.[6][7][8][9][10]
Business model[edit]
Avanoo provides organizations with a software-as-a-service learning platform delivering 3-minute-a-day learning Programs. Their business focuses on enterprise clients like Kaiser, KPMG, and Toyota.[11][12] Avanoo’s videos Programs are considered microlearning - small learning units combined with short-term learning activities.
Investment and growth[edit]
From January to May 2015, Avanoo participated in 500 Startups business accelerator Program. As part of the Program, Avanoo received $100k in funding.[13] Within six months, Avanoo grew from earning $2,000 a month selling self-help videos to a company worth $15 million.[14]
On July 8, 2015, Avanoo raised a $3.4 million Series A round of venture capital funding.[15]
References[edit]
- ↑ "How Avanoo Nailed Their Niche=Aaron Ross, Predictable Revenue". Retrieved April 2, 2017.
- ↑ Ross, Aaron. "From Impossible To Inevitable: How Hyper-Growth Companies Create Predictable Revenue". Google Books. Retrieved April 2, 2017.
- ↑ "There Are No Overachievers". Google Books. Retrieved April 2, 2017.
- ↑ "Company Page". Crunchbase. Retrieved April 2, 2017.
- ↑ "A Placebo Mobile App That Changes Your Life". IndieGoGO. Retrieved April 2, 2017.
- ↑ "Harnessing the Power of the Placebo Effect". HuffingtonPost. Retrieved April 2, 2017.
- ↑ "This App Will Make You Feel Better". FastCompany. Retrieved April 2, 2017.
- ↑ "App Delivers Virtual Placebo To Improve Your Health". Mashable. Retrieved April 2, 2017.
- ↑ "Could An App Replicate The Placebo Effect". The Verge. Retrieved April 2, 2017.
- ↑ "This App Lets You Create Personalized Placebo Effects To Enhance Your Life". GeekWire. Retrieved April 2, 2017.
- ↑ Su, Susan. "Zero to Million Dollar Run Rate — A Story of Growth & Hustle ft. Avanoo". Retrieved April 2, 2017.
- ↑ "Spotlight: Avanoo Trains Employees in Three Minutes a Day". Small Business Trends. Retrieved April 2, 2017.
- ↑ "500 Startups Announces Batch 12 in San Francisco". 500 Startups. Retrieved April 2, 2017.
- ↑ "Rethinking the Accelerator: What You'll Achieve at 500 Startups". 500 Startups. Retrieved April 2, 2017.
- ↑ "Company Profiles". PitchBook. Retrieved April 2, 2017.
External links[edit]
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