Blackboard - What Was the Process of Raising Capital?

Sally Kohn: Blackboard was, as I said, a lot of rounds of financing. We kept on taking rounds and rounds of capital. And each time we'd raise capital, we'd be able to ratchet up the size and scale of the company. But it wasn't built in a way that if the next round didn't appear, the company would be in jeopardy. So we were never forced to take on more capital because that's a position you never want to put your company in unless you really know what you're doing. She continued: "I like to think that I learned by far more by watching them ... raising capital than I could have ever done"