Two BYU graduates receive patent

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Prosper, a leading one-on-one coaching company founded by two BYU graduates in 1999, has received a patent protecting its method for marketing and delivery of financial coaching services.

Prosper uses a unique method for attracting potential students who are qualified candidates for the financial coaching program and how those coaching sessions are then supplied after a student’s enrollment. Currently, the company focuses its offerings on real estate and stock market investing, entrepreneurship, e-commerce, personal development and personal finance.

“We are an online training and education company that does one-on-one coaching,” said Randy Garn, executive vice president of strategic partnerships and co-founder, in a news release. “A patent on our coaching system not only benefits Prosper and its employees, but it also assures our business partners and students that they are working with a front-runner in the industry. This patent will further separate Prosper as the most mature and trustworthy source of one-on-one personal coaching.”

According to a news release, to receive a U.S. patent, a company must demonstrate a unique process or design. Then, the U.S. Patent and Trademark Office examines the application to determine if the content is an original thought or process.

“A patent in the education industry is difficult to achieve,” said Jeff Kempton, public relations manager at Prosper. “However, we knew it would set Prosper apart from other one-on-one coaching providers. This helps to solidify us as the leader in personalized one-on-one coaching.”

Ethan Willis, Prosper CEO and co-founder, also spoke about the importance of receiving the patent in a news release.

“A key differentiation of the Prosper model is our ability to find people who will not only benefit from our program, but who are also most likely to excel,” Willis said. “Receiving this patent further positions Prosper as a leader in the distance education industry and ensures that Prosper will be able to continue to match the right student with the right program.”

 

 

 

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