Building the largest nursing education platform in the world using AI-enabled technology to solve the national nursing shortage. Our Flagship RN-to-BSN program is designed for working professionals.
Q1 2026: Discretionary markdown of 50% due to underperformance and limited runway Q3-Q4 2025: Currently fundraising with a few potential offers. The company is also very lean and runway is less of a concern here. They will figure out a way to survive. SH committed $150K, via StoryHouse Fund I, at a $4M valuation, in a $150K round, alongside SemperVirens.
RAW NOTES: \- Has equity term sheet of $25M \- Has two debt term sheets, of $49M and $58M \- Needs a total of $67M \- School is doing in 2024 \- $36M top line \- $19M in Ebitda \- September 19 is the next meeting of the accreditor; he needs to get his application in July 25; application needs to be...
Source: Meeting Notes recDeKhgCid6g2mM1
RAW NOTES: \- Received a verbal offer to invest $25M and asked Dante to write a term sheet so that he can submit this to the \- They want 2x liquidation preference, and they want a lot of control. \- They want to put features of both a management incentive program and an independent sponsor. \-...
Source: Meeting Notes rec79FnVZKAaznUQe
RAW NOTES: \- He's exploring partnerships with universities (eg. Beale in Maine, and University of Bridgeport) to handle the F-1 Visa, and than Florence will handle the NCLEX Bootcamp \- Is anticipating he'll do his first cohort in September
Source: Meeting Notes rec4PjjqeQ1Lgutw0