Word: schoolsnet
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...lanky British lad hasn't even finished high school, but already he has two successsful start-ups under his belt. The first, the football site Soccernet, is now part of Disney's online kingdom. His current project, the education site Schoolsnet, was valued at $60 million in a financing round last year. Who is this kid? A nerd? A spoiled brat? A calculating opportunist? And what can he possibly do for an encore...
...Schoolsnet, parents can access statistics on British schools, such as average test scores, while students can find anything from review notes on Ted Hughes' poetry to results of school rugby matches. And teachers can vent; one message board is titled, "Let's be honest - kids are awful...
...Media Age, a British trade magazine, named Schoolsnet its 2000 Start-up of the Year, and funding has been problem-free, even in the dismal dotcom climate. So what's Hadfield doing with his off-line wealth? His answer: there's not much of it. DMGT paid only something in the "mid-six figures" for Soccernet. (In 1999, Disney paid $25 million for 60% of the site and bought the rest a year later for an undisclosed sum.) While Hadfield's Soccernet stake was valued at about $11 million in a financing round last April, that's just paper wealth...
...Perhaps his biggest challenge has been to maintain a semblance of teenage normalcy. It's not easy to do a cnn interview live from Davos one week and be back in class studying for the upcoming A-level exams the next. It helps that Hadfield commutes to Schoolsnet's London headquarters only once or twice a week; the firm's tech operations, which he oversees, are based in his hometown of Brighton. He also guards his off hours fiercely, saving time to watch England soccer games with friends and to go nightclub hopping, "especially if I have...
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