College enrollment is shrinking and ChatGPT is gaining. But Andrew Grauer, the cofounder of Course Hero, and CEO of parent, Learneo, has cash in the bank and a strategy that might keep him up with the changes.

By Emmy Lucas, Forbes Staff

Michael Horn, who writes and consults on education disruption and is cofounder of the Clayton Christensen Institute, frames Grauer’s approach as a smart strategic choice. “He’s a savvy person who’s thinking about how to keep an innovative muscle,” Horn says. “If you want to have a deeper, widespread impact that’s sustainable over time, you need to catch the next disruptions. And by moving into this structure, [Grauer] allows himself to support the up-and-coming innovators.”