The premise of GloballyRed is a good one. The name itself is particularly clever and works as a hook. Peer editing certainly is a critical part of the academic and scholarly process across multiple fields and it should be as well in universities. I do wonder how much it would be utilized and by how many students. Often, many students are working right up until the deadline of any given assignment only to pass it in with only hours to spare. These are most likely not the best and the brightest but they may well be the majority. Ultimately I do not think I would invest in this venture because I am concerned about the 5-10-year projection for returns. This, of course, is me as a small individual investor. If I were investing in something that long term I would want to know that it was already solidly established.