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.

Fool contributor Matthew Argersinger has no position in any stocks mentioned. The Motley Fool recommends K12. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.