Peer2Peer: Undisclosed price for the acquisition of east coast-based tutoring service, Peer2Peer, by Manhattan-based Aristotle Circle. Fascinating story here: Peer2Peer, started by then 17-year old Eric Kimel with $50 he had saved from serving pizzas, connects students who need help with other students in their area, using a local (human) coordinator, M.O.M. (management operational mentor). Tutors earn at least the minimum wage; 60% of those tutored improve at least a letter grade in a semester. Eric went to college and kept running Peer2Peer; it has since provided 100,000 tutoring sessions to 5,000 kids in 10 locations. Merging with Aristotle Circle, which got its start as a consultancy that helps kids get into elite schools, might seem like an "opposites attract" story, Eric concedes. Now at the ripe age of 25, Eric is Aristotle's chief strategist and excited about how the two groups will leverage one another's strengths. More from the Wall Street Journal.
