Chegg, Inc.

Chegg, Inc.

Chegg, Inc.

Overview
Date Founded

2005

Headquarters

3990 FREEDOM CIRCLE, SANTA CLARA, CA, 95054

Type of Company

Public

Employees (Worldwide)

1,087

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.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Secretary & General Counsel

Chief Marketing Officer

Chief Information Officer & Outcomes Officer

Chief People Officer

President of Learning Services

Chief Accounting Officer, Vice President & Controller

Chief People Officer

Board of Directors

Chairman of Media, Entertainment & Education, Americas at KKR & Co., Inc.

Owner at San Francisco Forty Niners Ltd.

Former President at Harvard University

General Partner at Ujet, Inc.

Former Professional at Price Waterhouse LLP

President & Chief Executive Officer at Southern New Hampshire University

Chief Executive Officer at Soulcycle LLC

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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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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, including Capital Appreciation, Capital Appreciation Focus, Dynamic Return, Dynamic Opportunities, Emerging Markets, Growth & Income, Health Sciences, International Growth, Global Growth, Large-Cap Growth, Mid-Cap Growth, Small-Cap Growth, Small-Cap Focus, Small/Mid-Cap Focus, Spectra, SRI Capital Appreciation, Balanced, Responsible Investing, and Alger 25.

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Our firm was founded to help small investors build significant capital over time. Since we believe in owning as many promising stocks as possible, we generally buy on margin.* Borrowing to invest can force liquidations if the market collapses, so we try to balance this exposure by selling short. This ability to seek investments both up and downstream is rarely available to smaller investors. We, however, view it as an effective tool that doubles our clients' dollars at work (it also doubles our commissions), while moderately reducing their exposure to abrupt swings in the market. Our approach is not for the short-term investor. Clients must be able and willing to accept risks. Accounts will experience sharp fluctuations month to month, year to year. It takes a strong stomach to invest with us. Clients entrust decision making for their accounts to us: we buy and sell without asking our clients to authorize in advance each transaction. We are paid commissions for our work

Recent Transactions
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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, Foley Ventures LLC

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Chegg, Inc. purchases WriteLab, Inc. from Learn Capital LLC, Kapor Capital, New Schools Capital LLC

Insider Transactions
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Transaction Advisors
Legal Advisor

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

Escrow Agent

Advised onChegg, Inc. issued 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

Partner at Davis Polk & Wardwell LLP

Advisor

Chief Executive Officer at Nectar, Inc.

Legal Advisor

Industry Co-Chair, Internet at Fenwick & West LLP

Key Stats and Financials As of 2018
Market Capitalization
$3.74B
Total Enterprise Value
$3.03B
Earnings Per Share
$-0.13
Revenue
$321M
Net Profit
$-14.9M
EBITDA
$18.7M
EBITDAMargin
5.81%
Total Debt
$284M
Total Equity
$411M
Enterprise Value Sales
9.45x
Enterprise Value EBITDAOperating
162.53x
TEVNet Income
-203.81x
Debt TEV
0.09x
Three Year Compounded Annual Growth Rate Of Revenue
2.13%
Five Year Compounded Annual Growth Rate Of Revenue
4.67%
Non-Profit Donations & Grants
$75K - $100K
2017
Investments
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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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Founder at The Thiel Foundation

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Zeev Ventures LLC is a venture capital firm seeks investment opportunities in small companies located in the US. It provides financing for seed and early stage capital requirements.

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The Manatt Venture Fund is the investment arm of [Manatt, Phelps & Phillips, LLP](/company/manatt-phelps-phillips-llp), a Los Angeles-based law firm. The Fund makes early-stage investments, and since its founding in 2000 it has made investments in over 90 companies. The official investment entity is MPP Holdings, LLC.

Suppliers
Pearson Plc Internet Software & Services | LONDON, GL

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, Growth, Penguin Random House, and Corporate. 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 Other Business & Consulting Services | 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.

Verizon Communications, Inc. IT Consulting & Services - New York, New York

Verizon Communications, Inc. is a holding company, which engages in the provision communications, information and entertainment products and services to consumers, businesses and governmental agencies. It operates through Wireless and Wireline segments. The Wireless segment provides wireless voice and data services and equipment sales, which are provided to consumer, business, and government customers. The Wireline segment offers broadband video and data; corporate networking solutions; data center and cloud services; security and managed network services; and local and long distance voice services. It also offers voice, data and video services and solutions. The company was founded in 1983 and is headquartered in New York, NY.

Follett Corp. Wholesale: Consumer Non-Durables/Sundries - Westchester, Illinois

Follett Corp. provides educational support services. It offers educational services and products to colleges, schools and libraries. The firm's higher education group operates bookstores on college campuses and is a wholesaler of used college textbooks. The company was founded by Charles M. Barnes in 1873 and is headquartered in Westchester, IL.

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