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The co-founders of Augment Roy Wellner and Ariel Renous

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Gallic startupAugmenthas encounter the incredible rise of online form and edtech ship’s company , as well as its potential when it comes to reinventing Department of Education at scale . That ’s why the inauguration has been working on extremely polished on-line courses sold as a bundle . Augment thinks its main program could potentially become an alternative to traditional Masters of Business Administration ( MBA ) .

Augment has latterly raised a $ 6 million ejaculate round led byRTP Globalwith other funds also participating , such as Motier Ventures , Origins Fund , Kima Ventures , Bpifrance and Financière Saint James . Several angel investors also vest in the inauguration , such as Thibaud Elziere and Roxanne Varza .

The startup ’s main program is called theAugment MBA . It is an opinionated and differentiated take on MBAs as everything pass online with a premix of videos from exalt business organisation drawing card , case studies , quiz , written assignments , downloadable handbook , etc .

I have n’t enter in Augment ’s program so I ca n’t tell you if it ’s an effective manner to memorize new business enterprise attainment . A few months ago , the Augment team showed me some of the video they were work on , such as a video with Eventbrite co - founder Renaud Visage . It was highly written but it looked great , in case you ’re wondering about the video yield standards . It ’s also worth noting that the Augment MBA is an unaccredited MBA .

But things seem to be going well so far , as Augment severalize me that the course has been live for six calendar month with more than 500 educatee recruit in the Augment MBA from all over the world — 80 % from the U.S. , followed by the U.K. and Middle easterly countries .

Augment is n’t a subscription - base intersection . Instead , you’re able to get access to the platform with a one - time defrayal . The Augment MBA currently costs $ 1,750 .

A faculty of tech founders

In many ways , Augment feels like an alternative toMasterClass , with a specific focal point on business didactics and a integrated curriculum that goes beyond picture courses . Some of the first entrepreneurs turn teachers include Wikipedia founder Jimmy Wales , YouTube father Steve Chen and Shazam beginner Chris Barton .

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A successful MBA also offers you some networking opportunities so that you may serve each other out in your life history after graduating . That ’s why Augment is also trying to make a residential area around its MBA - same program with some opportunity to connection with fellow students .

While the companionship ’s first MBA - like program will remain the main program going forward , the startup is already working on other formats and topics . Augment told me that there will be some shorter , crummy trend on specific case , or “ mini - MBA programs , ” as they call them .

The inauguration hopes it can address three dissimilar types of pro — aspire entrepreneurs who want to go beyond a simple idea , managers who want to ameliorate their leadership skills and technological pro count for business acquisition to become senior leadership .

There are some high upfront costs to create those programs , so it ’s important to recover some of those costs to amplify the startup ’s business with more programs and new sales channel ( incorporated offering , bundles , etc . ) . It ’s go to be interesting to see if Augment manages to sell its programs to a magnanimous crowd now that it has nailed down its main program and some funding .