Daily updates of news, research and trends by UPCEA
Click on the URL at the end of posting to visit the relevant article or website mentioned in the post.
Sunday, November 22, 2015
Online pioneer Udacity lands $105 million round and a $1 billion valuation - Marco della Cava, USA TODAY
Udacity has 11,000 students. It has some 1,000 graduates bearing its so-called “nanodegrees” who paid $200 a month per course. Most courses require a minimum of 10 hours of work a week, and last between three to six months. Makhijani says the company is profitable with its existing model, even when taking into account the fact that it refunds 50% of tuition to anyone successfully passing a course. “We found we could offer that enticement financially, and we wanted to do because the work isn’t easy,” he says, adding that some 90% of Udacity students have full-time jobs.
http://www.usatoday.com/story/tech/2015/11/11/online-pioneer-udacity-lands-105-million-round-and-1-billion-valuation/75544526/