// STARTUP COMPARISON
Hola Code vs Aprendanet
Hola Code failed in 2022 due to Competition. Aprendanet failed in 2021 due to Competition. Both failed for the same reason — Competition.
| METRIC | 🔥 Hola Code | 🔥 Aprendanet |
|---|---|---|
| Sector | Edtech | Edtech |
| Country | Argentina | Chile |
| Founded | 2019 | 2014 |
| Died | 2022 | 2021 |
| Raised | $4M | $5M |
| Peak | 2,000 students | 80,000 students |
| Primary Cause | Competition | Competition |
// WHY EACH FAILED
🔥 Hola Code
Competition
Hola Code ran coding bootcamps across Argentina targeting career changers. After reaching 2,000 students and raising $4M, the market was disrupted by well-funded LatAm competitors: Platzi's subscription model offered unlimited courses at a fraction of bootcamp cost, while Henry's income share agreement model removed upfront tuition barriers. Hola Code could not compete on price or model flexibility and shut down in 2022.
// LESSON
In edtech, your pricing model is your product. Upfront tuition bootcamps compete in a different category than subscription or ISA models. The market segments, and the upfront segment shrinks every year.
In edtech, your pricing model is your product. Upfront tuition bootcamps compete in a different category than subscription or ISA models. The market segments, and the upfront segment shrinks every year.
🔥 Aprendanet
Competition
Aprendanet built a Spanish-language e-learning platform for Chilean professionals, reaching 80,000 students. During COVID-19 in 2020, Coursera and edX launched massive free course programs, offering thousands of courses at zero cost in Spanish. Aprendanet's paid model could not compete. With its subscription revenue collapsing, the company shut down in 2021.
// LESSON
Paid content platforms survive against free content only if they offer outcomes (credentials, jobs) or community that free platforms don't. Content alone is not defensible when well-funded platforms can offer it free.
Paid content platforms survive against free content only if they offer outcomes (credentials, jobs) or community that free platforms don't. Content alone is not defensible when well-funded platforms can offer it free.
// EXPLORE FURTHER