The idea for Hoot.Me. The startup “switches Facebook into study mode” by allowing anyone to create study chat rooms, invite friends to them and join existing rooms that are displayed in a study newsfeed. The “smart” chat rooms can handle math symbols and youtube video embeds, and through a partnership with TokBox, they also provide group video chats.By the time the business competition rolled around, Hoot.Me was already an LLC.The team launched a beta version in February and won $25,000 of seed funding with a spot in startup accelerator DreamIt Ventures‘s summer program.
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