Interview with the Co-Founder and CEO: 2U, Inc. (NASDAQ:TWOU)
Chip Paucek is the Co-Founder and CEO of 2U, Inc., an education technology company that partners with leading colleges and universities to deliver the world’s best online degree programs. In March 2014, Mr. Paucek led the company’s successful initial public offering, establishing 2U as one of the leaders in ed tech. Prior to 2U, Mr. Paucek served as CEO of Smarterville, Inc., the parent company of Hooked on Phonics. Earlier, he served as Vice President of Business Development and then President of Educate Products for Educate, Inc. Mr. Paucek began his career in 1993 by co-founding Cerebellum Corporation, the media company behind the award-winning educational television program and video series Standard Deviants, and he led Cerebellum as Co-Chief Executive Officer until 2003. In 2004, Mr. Paucek served as Deputy Campaign Manager for the successful re-election campaign of United States Senator Barbara Mikulski. Mr. Paucek’s innovative work at 2U has earned him many accolades, including the Ernst & Young Entrepreneur of the Year Award in 2012, the Goldman Sachs 100 Most Intriguing Entrepreneurs Award in 2013 and multiple Highest Rated CEO awards from Glassdoor. He holds a B.A. from the George Washington University and is currently enrolled in the 2U-powered MBA@UNC program at the University of North Carolina Kenan-Flagler Business School. Profile
TWST: Please share a brief overview of 2U, and tell us what has enabled your fast growth. I believe you've grown from 98 employees in 2010 to more than 1,000 in 2015.