What it does: Software for online tutoring
Founder: Eli Luberoff, 24
Based: New Haven, Conn.
Revenue 2010: $45,000
Revenue 2011 (projected): $200,000

Aware that educational software compatibility plagues students and teachers, longtime tutor Eli Luberoff took a year off from Yale to work on software to help people collaborate remotely. Today, his company, Desmos, makes browser-based software for sharing material so that teachers and students can work in real time with colleagues in any location that has Internet access, regardless of what technology they're using. Luberoff says he tested the software last year with publishers, including McGraw-Hill (MHP), Houghton Mifflin Harcourt, and Pearson (PSON:LN), and launched the first version in May 2011. The company gives the software away to teachers and makes money from publishers' licensing fees. Luberoff raised $125,000 from friends and family, followed by a seed round totaling $850,000 from venture capital funds and private investors. —Joel Stonington
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