5 Best Stock Picks and Ideas from Billionaire Chamath Palihapitiya’s Portfolio

4. InstaEDU

InstaEDU is a California-based online tutoring platform for young children. It was founded in 2011 and managed to raise $5.1 million in funding before being purchased by Chegg, Inc. (NYSE: CHGG) for $30 million in 2014. Chegg, which started out as a textbook resale forum, transformed itself into an online learning hub with the acquisition of InstaEDU. InstaEDU was one of the first firms offering online learning to students from all over the globe. 

Chegg has since grown to a market cap of over $12 billion and posted more than $644 million in revenue in December 2020. In February, the firm raised more than $1 billion in an equity offering. With the advent of the COVID-19 pandemic in 2020, the shares of the company have been soaring. With school re-openings still uncertain, the stocks of the firm continue to rise. It is ranked fourth on our list of top 10 best stock picks,  investments, and portfolio of billionaire Chamath Palihapitiya.