Why it made sense for an online community college to raise venture capital

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When Tade Oyerinde first set out to fundraise for his startup, Campus, a fully accredited online community college, it was incredibly difficult. VCs have backed for-profit education companies in the past, including Coursera and Udacity, but backing a more traditional two-year college is different. Plus, he was looking for funds a few years ago when higher ed was starting to face a reckoning from decreasing enrollment and increasing tuition prices.

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