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January 18, 2011
 
 
Billion Dollar Push

Our next Total Schmoozarama is at the beautiful National Building Museum. Grab a ticket now to enjoy 20 top power business restaurants serving their signature dishes, open bar, and top notch networking. Feb. 9. $59. Sign up today!

 

The education technology market is booming, and one of the companies leading the charge is Herndon’s K12. It hopes to pass the $1 billion mark in annual revenue in the next few years, CEO Ron Packard tells us.

 
K12's Ron Packard

K12 is expecting $500 million this year, so how will it double? By finding new markets for online learning: teaching English to the Chinese, growing a private-school offering, partnering with universities like GW (announced Thursday), and helping advanced students with refresher courses. “We have about 80,000 full-time students who use our products out of the millions receiving some kind of education out there, so the opportunity to grow is almost endless,” Ron says.

 
WMG (Whitepaper)
 
Ron Packard and Chris Ryan

Ron grew up in Southern California, did his undergrad at Berkley, and got his MBA at the University of Chicago. He worked at McKinsey & Company as well as for Goldman Sachs in mergers and acquisitions before entering the education market with Knowledge Schools. He tells us he chose Virginia to start K12 for its friendly business environment as well as a place he knew he could recruit talent. Outside of work, he likes to coach his three children’s sports teams (a busy travel schedule has relegated him to being an assistant), and he has an office filled with cool sports memorabilia like a Lou Gehrig autograph.

 
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Bisnow
Around the Bisnow Universe: WikiLeaks
 
Abbe Lowell
In Legal Bisnow last week, our reporter sat down with McDermott's Abbe Lowell to talk about possible penalties for WikiLeaks' Julian Assange. Abbe has repped Steven Rosen of AIPAC (the pro-Israel lobby) in a case he cites as the closest parallel to Wikileaks.

Bisnow
 

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Bisnow
Networking at Chima
 
entrepreneur Michael Barnett, Inanda's Anna Van Lier and Blackstone Counsel's Frank Blackstone.
We joined the NVTC's Entrepreneur Center for some networking last week at Chima in Tysons. We found entrepreneur Michael Barnett, Inanda's Anna Van Lier, and Blackstone Counsel's Frank Blackstone. Michael is working on a social media technology that helps companies connect with the conferences that center around their industry. Anna just returned from South Africa, where she grew up, and Frank spent was in the stands for the Steelers' playoff win last week and a Pitt basketball game.

Bisnow
Bloomberg Making Another Deal?
 
Michael Bloomberg
The word from federal marketing guru Mark Amtower is that BGov, the federal arm of Bloomberg, is looking to make another purchase, mostly likely a contract service in the state and local market. The move would come after lagging sales in the company's current product that Amtower says people have found interesting but not useful enough to purchase. A source familiar with the situation tells us Amtower's report holds water. He added, however, that Bloomberg is set on making the product a success and willing to invest heavily until it is.

Bisnow
Thank You, Dr. King
 
In case you were experiencing withdrawal yesterday wondering where your Bisnow fix was, we were of course taking the day off from publishing in honor of Dr. Martin Luther King. We salute him and his legacy and the continued inspiration he provides us all.
 
 
 
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