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You might have just missed the best time to sell your startup


Detour, a startup that provided walking audio tours of cities that was founded by Groupon co-founder Andrew Mason, seemed interesting but failed to take off with users. What makes you think this startup will click?n

WS: I loved Detour. I ate up both of those.n

I guess where I think [Detour] missed product-market fit was the number of scenarios where you could use it and also, it was competing for people’s time. We chose to start with road trips because you have a captive audience; there’s only so much you can do when you’re driving in the car, unlike when you’re in a city, where there are all kinds of options to explore its history, including physical books and tour guides. You also had to carve out two hours of your time, and it’s easy to get distracted while you’re walking around.n

We want to capture the places that are along the journey and lesser known and more untold and where people have the space to engage in it. Starting as short form helps. It’s also on-demand, so you don’t have to follow a pre-designated route. We’re not taking you on a specific tour, where you have to turn left or turn right. We’re going to surface stories for you no matter what route you take.n”,”protected”:false},”excerpt”:”rendered”:”

Woody Sears has long been interested in storytelling. Following the debut in 2007 of the first iPhone, he founded a storytelling app called Zuuka that built up a library of narrated and illustrated kidsu2019 books for the iPhone and iPad. Sears later sold that company to a small New York-based outfit. But Sears, who is […]n”,”protected”:false,”author”:89646803,”featured_media”:2133657,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”carmot_uuid”:”b3139758-a5b2-3d28-8da2-a396b566bcfa”,”categories”:[449557102,576602979,20429,17396,35394854],”tags”:[576870019,449557042],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_ec_category”:[],”tc_event”:[],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2021/04/Screen-Shot-2021-04-02-at-12.26.01-PM.png”,”shortlink”:”https://tcrn.ch/2OiajCT”,”rapidData”:”pt”:””,”pct”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”featured”:false,”subtitle”:””,”seoTitle”:””,”seoDescription”:””,”tc_cb_mapping”:[],”associatedEvent”:null,”event”:null,”authors”:[89646803],”hide_featured_image”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/2133631″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2133631″],”version-history”:[“count”:23,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2133631/revisions”],”predecessor-version”:[“id”:2133785,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2133631/revisions/2133785″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/89646803″],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=2133631&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/89646803″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/2133657″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=2133631″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=2133631″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=2133631″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=2133631″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=2133631″,”taxonomy”:”tc_ec_category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_ec_category?post=2133631″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=2133631″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:89646803,”name”:”Connie Loizos”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/connie-loizos/”,”slug”:”connie-loizos”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/52bc07c5a4dde8dabe873328ca360e36?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/52bc07c5a4dde8dabe873328ca360e36?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/52bc07c5a4dde8dabe873328ca360e36?s=96&d=identicon&r=g”,”links”:”homepage”:”http://www.strictlyvc.com/”,”twitter”:”https://twitter.com/cookie”,”linkedin”:”http://www.linkedin.com/pub/connie-loizos/0/282/380″,”facebook”:””,”crunchbase”:”https://www.crunchbase.com/person/connie-loizos”,”position”:”Silicon Valley Editor”,”cbDescription”:”

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is edtech spending its extra capital?”,”content”:{“rendered”:”

Image Credits: Tetra Images / Getty Images

Edtech unicorns have boatloads of cash to spend following the capital boost to the sector in 2020. As a result, edtech M&A activity has continued to swell. The idea of a well-capitalized startup buying competitors to complement its core business is nothing new, but exits in this sector are notable because the money used to buy startups can be seen as an effect of the pandemicu2019s impact on remote education.n

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