“Growth Journeys” is a podcast series from TCV, one of the largest growth equity firms, which has been backing private and public technology companies since 1995. Listen to founders, CEOs and other innovators as they unpack the lessons and patterns from their personal and professional journeys in building and scaling high-growth businesses to category leadership.
Growth Journeys navigateright Episode
Newsela’s founders were educators who imagined the equivalent of Spotify or Netflix for educational content in schools. They designed their SaaS offering for the practical realities of classroom instruction, seeded it with teachers across the country, and then leveraged teacher advocacy to win district-level contracts. When it looked like their high growth could be derailed by school closings during the pandemic, they pivoted to giving content away to demonstrate solidarity with their customers – and reached two-thirds of all schools in the country. Now Newsela is firmly entrenched in the new normal for K-12 education: laptops for every kid, bandwidth for every classroom, and customized, teacher-friendly content that helps dissolve differences in learning levels among students in the same grade. In this fast-moving conversation, TCV’s Dave Eichler joins Newsela co-founder and CEO Matthew Gross to unpack the secrets of the company’s success.