In the following video, Ronald Packard, CEO and founder of K12, sits down with Motley Fool analyst Matt Argersinger and explains how his experience at his previous company, Knowledge Learning, helped him identify the need for a company like K12.

At Knowledge Learning, Packard ran preschools and early childhood education centers as part of his first job in the education industry. Packard also analyzed investments in the education industry targeting kids ages 0-13.

Working in the industry and having a school-age daughter gave Packard the idea and the expertise needed to start a firm to teach kids online. In 2000, K12 was born.