Grockit’s CEO explains how startup life is like navigating an attack submarine in Fast Company’s Fast Talk and talks about tackling big economic issues in USNews & World Report.

Catch up on all of the Grockit news right now:

San Francisco Chronicle: Hires and promotions notes that Grockit has hired Chris Henley.
Wired: The 6 Facebook Timeline Apps to Check Out First
Fast Company: Poke! You Need To Study More. What Facebook’s Open Graph Means For Online Study Groups
Onlineschools.com: The future of online social learning with Grockit

For today, the full list of Grockit activities that can be shared on your Timeline include:
● Total Questions Answered: To show off how much work you’ve done.
● Creating and joining a Study Room: So your friends can join and you can study together.
● Earning an Achievement: Showing off your accomplishments.
● Playing a Game: To show off how often you study.

We think it’s cool that Facebook is bringing various corners of the web into one place where people can share, interact, and discover a variety of content they wouldn’t otherwise be exposed to. Grockit’s app for Facebook Timeline makes it easier for you to study with your friends, and show the world the hard work you’ve put into learning.

Here’s an excerpt:

“While the unemployment rate in the U.S. is at 9 percent, it is far lower for educated workers. Have a college degree? The rate is 4 percent. Have a professional degree like a JD, MBA, or STEM degree? Two percent unemployment, a rate so low economists say it is theoretically impossible.”

Startup Weekend Receives $250,000 Grant from The Bill & Melinda Gates Foundation for EDU Events

SAN FRANCISCO, CA – November 2, 2011 – Startup Weekend, a non-profit organization, powered by the Kauffman Foundation, and Grockit, a social-learning Internet start-up, today announced that the Bill & Melinda Gates Foundation issued a grant in support of Startup Weekend EDU, a dedicated education (EDU) vertical within Startup Weekend that is designed to attract and assist the education community working to bring new solutions to the industry. With a grant of $250,000, the Bill & Melinda Gates Foundation is backing educators, developers, designers, marketers, product managers, and startup enthusiasts, all of whom share a common goal – to bring new innovations to education.

“The Kauffman Foundation is excited to have the Gates Foundation support this important initiative that will help entrepreneurs with innovative education business solutions learn how to execute their ideas,” said Nick Seguin, manager of entrepreneurship at the Kauffman Foundation. “Startup Weekend EDU builds upon the Kauffman Foundation’s interest in teaching entrepreneurs how to build successful education ventures that have the potential to be some of the next great high-growth companies of the future.”

Startup Weekends are 54-hour events where startup enthusiasts come together to share ideas, form teams, build products, and launch startups with the ultimate goal of bringing new innovations to education. October has already seen three successful Startup Weekend EDU events in Seattle, San Francisco and Washington. The first London Startup Weekend EDU event is slated for November, and the series will announce additional events around the world taking place over the next 12 months.

“Given its dedication to education reform and extensive networks in the space, the Gates Foundation is the ideal partner for us to scale the Startup Weekend EDU initiative,” said Farb Nivi, founder of Grockit.

To register for the London Startup Weekend EDU event please visit edu.startupweekend.org. To learn more about becoming a Startup Weekend organizer please visit startupweekend.org/about/event.

New York Times with screens of Grockit’s new facebook canvas app

Grockit in CNet with a link to Grockit Answers

Venturebeat insights on Grockit funding news

Grockit makes the Spark of Genius series in Mashable

The Wall Street Journal mentioned the news. And they mentioned again here.

TechCrunch was the first to cover Grockit Answers

HackEducation expands on the funding news

USNews & World Report comes in with a new angle

Grockit Raises $7 Million to Drive Social Learning

Previous Backers Lead Round; NewSchools Venture Fund and GSV Capital Make First Investments in Grockit

SAN FRANCISCO, CA. (October 17, 2011) – Grockit, a social learning company, announced today that it has received just over $7 million in Series D venture funding led by Atlas Venture, a current investor in the company. Benchmark Capital and Integral Capital Partners, both return investors, also participated in the round, along with new investors NewSchools Venture Fund and GSV Capital Corp. (Nasdaq:GSVC). The funding will be used to support Grockit’s growth both domestically and internationally. The company’s total outside investment to date is over $24 million.

“Technology like Grockit’s has the power to transform the way students learn,” said Jennifer Carolan, Associate Partner at NewSchools Venture Fund. “When we invest in companies, we look for meaningful innovation in the education sector, the potential for big impact and a strong management team. Grockit meets all these criteria and it adds to them a very happy customer base. We’re thrilled to support the team at Grockit.”

Improving scores through social learning
Today’s students use technology to communicate, play games, share videos and more. Grockit combines the online tools students are already using, such as social networking and gaming, with an adaptive learning platform, to help students better prepare for college entrance exams, including the SAT, ACT, GMAT, LSAT, and GRE. Compared to independent studiers, social learners on Grockit spend 30 percent more time solving problems, solve more than twice as many problems, and are 10 percent more likely to answer questions correctly.

“The education sector is due to be transformed by a new wave of disruptive companies. Grockit has built a framework for social learning that will engage millions of college-bound students across the globe,” said Michael Moe, Founder and CEO of GSV Capital. “Grockit is ambitious; they’re focused on extending studying where students currently socialize online; and they have a plan to significantly grow the universe of online social learners.”

Expanding its base of customers around the world
In addition to the products available at www.grockit.com, the company is also partnering with higher education institutions to provide test prep as part of an academic institution’s study aids. This month, Georgetown University will begin providing students and alumni with access to Grockit’s GRE, GMAT and LSAT test prep programs. In the coming months, Grockit will be rolling out similar programs with universities in the U.S. and around the world.

“Grockit has made all the right moves to become a dominant player in this space,” said Jeff Fagnan, Partner at Atlas Venture. “Grockit is at the epicenter of the education technology space, and we’re excited about the future for the company.”

In the last month, Grockit has:
● Surpassed 10,000,000 questions answered by learners,
● Integrated with Facebook’s updated Open Graph API to make studying more social,
● Introduced a “one-for-one” business model to help under-resourced students achieve dreams of higher education,
● Expanded in India with a new product to help students prepare for the IIM-CAT, a required test for applying to India’s most prestigious management school,
● Added a new VP of Engineering to its growing management team,
● And, together with Startup Weekend and the Kauffman Foundation, announced a new Startup Weekend EDU series around the world.

“We’re growing quickly, and now is the time to accelerate the business. Every day, we add the equivalent of one American high school to our user base,” said Roy Gilbert, Grockit CEO. “While we continue to build from that momentum in the next year, our goals and focus will remain the same: to help more students learn by using the incredible power and scale of the Web.”

In helping students meet these challenges, we are thrilled to announce the official launch of the Grockit IIM-CAT group!  Here’s the first story covering this news, see the press release below.

With Grockit’s Indian user base growing fast, (in 2010, 27% of GMAT students in India used Grockit) it’s evident that CAT 2011 students are also seeking online solutions. Test Series and practice materials run upwards of Rs. 5000 ($112), and restrict students’ learning environment to test centers, packed classrooms, and the confines of a physical textbook. Grockit expands these borders, providing students 24/7 access to adaptive customizable assessments, social group study, detailed strength and weakness reports and a computer-based experience similar to the one on Test Day.

We are launching with over 3,000 practice questions covering every topic area presented on CAT since 2001. Since we’ve found Verbal Ability to be the most important section for students to practice, two-thirds of our content will be in these areas. We’ve made the Quantitative Ability and Data Interpretation sections super difficult, drawing from the expertise of our experienced CAT authors, editors and IIM alumni. And we plan to continue to build out our curriculum on a rolling basis, using information from newly released tests and ongoing feedback from our users. See our official press release, below.

Grockit Introduces Test Prep for India’s CAT Exam

September 28, 2011 — Grockit, the leader in collaborative and social learning, today announced the availability of its test preparation program for India’s Common Admission Test (CAT), the required exam for admission into Indian Institutes of Management (IIM). Grockit, which is currently used by over a quarter of students in India studying for the Graduate Management Admission Test (GMAT), is releasing the IIM CAT program in response to customer demand and the company’s rapidly growing Indian user base.

Grockit’s IIM CAT prep differs from existing programs in that it’s built around an adaptive, social and interactive experience for students. Users have the advantage of preparing for the exam in a virtual group setting and receiving real-time feedback from their peers and Grockit tutors. This “anytime and anywhere” approach allows students who may not live in big cities with easily accessible testing centers to have access to an affordable, web-based alternative. The personalised study plan format adapts to each individual user’s level and shifts as the student improves and progresses.  And since the IIM CAT recently moved from a paper-based test to a computer-based test, Grockit’s web-based format gives students a similar experience to what they’ll have during the real test.

“Students in India are incredibly enthusiastic about Grockit,” said Roy Gilbert, CEO, Grockit. “We’ve seen remarkable growth in India over the last year, and we’re excited to help our Indian users tackle one of the highest-stakes exams in the world.”

Grockit created the test prep program for the IIM CAT by working with partners on the ground in India, leading American and Indian authors, and IIM CAT specialists and alumni. The pricing for the program is significantly lower than alternative options currently available; for more information visit our programs page and IIM CAT blog.

“Grockit is the most addictive, creative and engaging product for learning I’ve come across. Thanks guys!” says Shuba, a student from Chennai, India.

The launch of Grockit’s CAT test prep follows Grockit’s launch of Rupee pricing and localised Indian payment options earlier this year. Currently, more than 25 percent of people taking the GMAT in India already use Grockit to study, answering 1.25 million study questions in the past year alone.

Grockit has integrated with Facebook to help you ace your next exam with your friends. In the coming weeks, Grockit will make it easier for students to create online study groups within Grockit and solve problems with friends. What this means is that you’ll be able to find friends to study with, create permanent Grockit study rooms, and share your team’s progress on your Facebook profile.

We’re excited about this for a couple of reasons. First, this solves a big problem for people that use Grockit. Many people want to study with friends they interact with in other parts of their lives, and we haven’t had a great way of doing that within Grockit. Now, with our new Facebook integration, students can quickly select-and-add study partners from among their friends, even if their friends aren’t using Grockit today.

Second, this was a result of amazingly fast design and engineering work. Thanks to the fine folks at Facebook who delivered this API, we’ve been able to build something we think will be beneficial for our users in just a couple of short weeks.

The result is something that we think will make online social learning a lot easier to use. And this cross-team work matches up with our Grockit core value of Collaborteam — our made-up word to describe the transparent, selfless way we work together.

Here’s the press release from F8, the Facebook Conference.

Grockit Announces Facebook Integration to Make Studying More Social

SAN FRANCISCO – September 22, 2011 – Today at f8, Facebook’s developer conference, Grockit, a social learning company, announced a new integration with Facebook that will make it even easier for students around the world to create Grockit study groups with their friends. Now people using Grockit can quickly create “Study Rooms”, invite their Facebook friends and prepare together for college entrance examinations, such as the SAT, ACT, LSATs, GMATs, GREs, and more. Students can also track and share academic progress and milestone achievements towards their academic goals on their Facebook profiles.

“Millions of students are on Facebook, but they aren’t just socializing. They are helping each other with homework, sharing school resources, and in general hacking together a social learning experience online,” said Farbood Nivi, founder and Chief Product Officer, Grockit. “The cool thing about our new Facebook integration is that students can create, control, and access Grockit Study Rooms right from their Facebook profiles. Study Rooms include tons of content to help with studying, from practice questions, to video lessons, and even personal tutoring.”

Earlier this year, Grockit released research showing that students who study together on Grockit do twice as much work — and get answers correct more often — as students who study alone.

In addition to creating new study groups, people using Grockit can share the total number of hours spent studying, the total number of questions attempted, and their progress studying within Grockit via their Facebook profiles. People can control how their activity is shared with friends on Facebook from their Facebook privacy settings.

To learn more about Grockit’s Facebook integration, please visit: Grockit.com/social

Make sure to read all three parts at:

Excerpt from Part 2:

TLAB subsequently made the fortuitous connection with Grockit and will offer the ACT preparatory tools through individual 11th-grade student computers as well as in its dedicated area computer labs. Although the majority of TLAB’s students are Michiganians, students have also hailed from Georgia, Arizona, Florida, Ohio, Minnesota, New York, North Carolina and Louisiana.

“Grockit is one of the few providers with keen insight and a solution for educating people in the 21st Century,” said TLAB Founder Dr. Clarence Nixon, Jr. in a press release. “Grockit is leveraging the power of the web in helping students get the tools and the guidance they need to perform at exceptional levels academically and especially on standardized tests. We’re excited to be working with them in helping our students prepare, master the ACT, and do so in a way that’s more effective and more affordable than the other methods out there.”

I encourage you to read the entire story over at Forbes.com, but in the meantime, check out the excerpt below:

Grockit is trying to build a scalable, effective, and engaging way to help people learn new things in preparation for a test. In Gilbert’s view, there is no solution that has all three of these characteristics. And Grockit is not only enabling social learning within the U.S. — it also makes collaboration possible across national boundaries. On a typical day, Grockit hostes 1,000 cross-national border interactions and its users span 150 countries.

Grockit’s market potential is significant. Gilbert points out that between 6 million and 7 million could take the SAT alone — while there are only 2.5 million who actually do take the test annually. And 50% of those do not prepare for the exam. Gilbert estimates that the market for people who do not have the resources to prepare, but could do so with Grockit, is between $2 billion and $4 billion.

Building Grockit to take advantage of this opportunity requires capital. And the company has raised $17 million over its life. Its venture capital investors include Benchmark Capital, Atlas Ventures and Integral Capital Partners and its individual investors include Mark Pincus (Zynga CEO) and Reid Hoffman, LinkedIn’s (LNKD) Chairman.

SAN FRANCISCO, May 02, 2011 –Grockit, the leader in collaborative and social learning, today announced it has launched an Advanced Placement test-prep program for Calculus AB and US History, two of the most popular AP exams. Grockit is making the AP test prep available for free to the more than 1 million students studying for AP tests through the Calculus AB exam on May 4 and the US History exam on May 6.

“The AP tests are very important to students worldwide because a good score can result in thousands of dollars in college tuition savings,” said Roy Gilbert, CEO, Grockit. “Just as Grockit SAT and ACT networks can help students get into the college of their dreams, Grockit AP can help them learn college-level material and get ahead in their coursework before they even enroll.”

Grockit’s predictive analytics and adaptive learning helps students studying for the AP tests understand where they need to focus in preparing for the test by providing a personalized study plan designed to improve test scores.

Other key features and benefits of Grockit AP Test Prep program include:

• On-demand, live instructor help
• Social learning communities, including group chat and interactive whiteboard
• Thousands of multiple choice practice questions for AP US History and AP Calculus AB exams
• Curriculum aligned to the 2011 College Board AP Curriculum Guide
• Questions modeled after those on released exams, written by college professors and high
school teachers with dozens of years experience building AP curriculum
• Interactive study plan that provides detailed performance feedback and suggested study
tasks to students preparing for test day

As part of the launch, Grockit has made the AP program available to students in San Jose and Oakland through a partnership with Equal Opportunity Schools. Equal Opportunity Schools works with schools to match students of diverse backgrounds with more academically intense coursework, such as AP. Grockit and Equal Opportunity Schools are giving away an extended free trial to thousands of AP students in both San Jose Unified and Oakland Unified School Districts.

“Equal Opportunity Schools is excited to partner with Grockit to deploy innovative and adaptive new AP products to grow our impact in Northern California,” said Reid Saaris, founder and executive director of Equal Opportunity Schools. “Grockit supports our efforts to reach under- served students with their incredible online AP test prep platform.”