With $25M From Benchmark And Larry Summers Advising, Can Minerva Build An Online Ivy?

Well, we've said it before: Technology is changing education. It's flipping the classroom, bringing instructional videos to the masses, and dragging online higher education into legitimacy. Investors have begun to hear the call, as was evidenced today when Benchmark Capital made its largest seed investment to date -- $25 million -- in a startup/university called The Minerva Project. Sure, it's not quite the $41 million Color raised pre-launch, but it's certainly head-turning for an education startup. Hopefully it can avoid the rough early start and crushing expectations that come along with big seed rounds. To help it take flight, the startup is announcing that Larry Summers, former Harvard President and U.S. Secretary of Treasury will chair its advisory board.

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