Socrative
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
Socrative was a Boston-based edtech startup founded in 2010 (initial prototype by Amit Maimon at MIT; co-founders Benjamin Berte and Michael West; an Imagine K12 graduate). It offered a free, cloud-based real-time student response system: teachers created and distributed quizzes and polls in class via web or mobile apps, and students responded from laptops, tablets or phones, giving teachers instant insight into comprehension. It raised a $750,000 seed round from True Ventures, NewSchools Ventures and Boston angels, and reached over 750,000 teacher users worldwide.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
Socrative founded; initial prototype developed at MIT by Amit Maimon.
- Funding and growth
Socrative closes a $750,000 seed round from True Ventures and NewSchools Ventures; reports 116 million questions answered and 278,000 quizzes created over the 2012–2013 school year.
- Acquired
On June 19, 2014 MasteryConnect acquires Socrative for $5 million in cash and stock; most of the team moves to MasteryConnect engineering, and the product continues as a standalone app. Socrative is later acquired by Showbie.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Acquired by MasteryConnect for $5M (cash and stock) on June 19, 2014.
- 02
Later acquired by Showbie; product continues as standalone app.
- 03
No reliable company-level loss figure disclosed.