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Brush With Predator Inspires Child Safety Tech Startup

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Editor’s Note: Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.

uKnow's office at ÜberOffices in RosslynSteven Woda is the founder of buySAFE, a company pioneered online shopping security when it was founded in 2000. He and his brother, co-founder Tim Woda, considered themselves experts in Internet safety. Until 2008.

That year, Tim’s son, a 14-year-old lacrosse player, was pursued through social networks by a child predator who had molested dozens of children before he was eventually arrested.

“We realized the world had changed fast and parents were way behind,” Steven Woda said. “We were Internet security experts, so if it could happen to us, it could happen to anybody.”

That incident was why, after selling buySAFE in 2009, Steven Woda founded uKnow with the stated mission of “powering smart tools to protect and connect digital families.”

uKnow's LaunchpaduKnow provides comprehensive support for parents who are hoping to protect their children — and themselves — against the dangers of the Internet. Its flagship product, uKnowKids, allows parents to monitor their children’s activity on their smartphones and social media to engage with their children at the level parents of previous generations did.

“When I was a kid, kids would have to knock on the door or call the house and ask ‘can Steve come out to play?’” Woda said from his space in ÜberOffices in Rosslyn. “Now, kids get a text, hop down the stairs, say ‘I’m going out,’ and the parents have no idea what is going on.”

Among the ways uKnowKids operates is pulling data from the cloud; even if a child has web aliases, uKnow can “crawl the deep web” and search for similarities to find those profiles. Parents can install the uKnow app on their children’s phones and monitor trends in texting — if their child is texting one person 70 percent of the time one month and stops texting them the next, the parent can know if something is wrong.

Just as important as their technological tools is uKnow’s efforts to educate parents. Woda says uKnow writes articles daily about the technology market, new trends in what kids are doing online and parenting advice.

The uKnow team“Most parents don’t understand what the issues actually are,” Woda said. “Parents really want to know what the difference is between Vine and Snapchat, for example. They want to know how their kids are using it and who they’re talking to. We can tell them who the top 10 people are in their child’s digital world. It’s a way to engage your kids, and what parents want most is to be involved.”

uKnow has a team of 12 working out of two different spaces in ÜberOffices. Whereas buySAFE was founded with lots of venture money — and was sold for $30 million, which is when Woda left — uKnow took a different strategy. The company was close to bootstrapped, raising just enough capital to survive leanly every month.

“We wanted to be disciplined and slim before we had a complete business model,” Woda said. “Now, I know what my model looks like, and that’s something that investors like.”

It took almost three years between when uKnow was founded and when it first went to market in early 2012. In the nearly five years uKnow has existed, Woda has raised about $2.5 million, Woda said. He’s considering consolidating back down to one office since he says the company still has the mentality of “seeing if there’s enough money to make it through the month.”

uKnow's Family LocatorThe company is generating significant revenue, however. The direct-to-consumer products are offered as a 30-day free trial before having the option of a $10-per-month subscription or a stripped-down free version. uKnow also powers the family safety product for Comcast and “white labels” its technology for other companies, meaning the companies use the technology and it’s not under uKnow’s brand.

Woda and his team are currently eyeing a round of Series B fundraising, hoping to raise between $4-6 million. Woda said some of the companies with whom they partner have inquired about buying uKnow, which he said he’s considering. No matter what, Woda sees huge potential with his latest startup.

“We’re trying to build a $100 million a year company,” he said. “The problem is huge and it’s only getting bigger. The market is huge… Right now, 25 percent of 9-year-olds have a phone… Our mission is to make sure no child in America goes through what my nephew did.”

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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