hs.credit is NOT "EdTech!"
At hs.credit, we do not consider ourselves to be part of the EdTech industry. The EdTech "space" tends to make us feel uneasy.
It's not that there aren't some amazing teams genuinely trying to make a difference. Venture capital-funded "EdTech" companies unnerve us. We do not need a corporation to replace the government; we need something different.
That's why we operate as a DAO (Decentralized Autonomous Organization). We are a volunteer team at the executive level, receiving no compensation unless we achieve scale. Once we reach that point, the intellectual property (IP) generated will hold value, which we can use to repay the "loans" received through volunteer investments of time during the launch phase. Our nonprofit voting board are 50% younger than 25 years old. We are all focused on serving high school students at any school, looking to showcase creators and incentivize others to become creators.
I did say volunteer. Our engineer leads and executive director do not receive payment. So, where do the donated dollars go? We raise funds for infrastructure to pay EDUCATORS for grading student work. They receive $25 for every 10 minutes of youth content reviewed and either approved or denied publication on our platform.
As a nonprofit organization, our initial funding source relies on donations. By garnering support from many individuals, we increase our eligibility for grant opportunities. However, donations are only the beginning. Our plan is to generate revenue by selling API subscriptions to our gold standard academic data. To achieve this, we aim to reach a significant scale, defined as having 80k average monthly active users or approximately 1% of 11th and 12th grade students. Once we reach this point in the adoption curve, we anticipate generating enough subscription fees from universities and school districts to cover the cost of grading new youth media uploads.
You can contribute as little as $5 to help us bootstrap to scale, or volunteer remotely at hs.credit to make a difference.
Can we fix education? We think we can start by offering an alternative to standardized testing. High quality academic data based on student work products as creators.
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