An online learning platform called https://www.udemy.com/ Udemy is doing some amazing things. Not only does Udemy make it easy and convenient for students to learn new skills, it also represents a great opportunity for instructors to make some cold, hard cash. Udemy is among a growing number of online course providers known as MOOCs (Massive Open Online Courses) – alongside the likes of Khan Academy, Udacity, Coursera, and others.
Udemy seems to offer courses on just about everything under the sun – such as courses on Microsoft Excel, web-development, how to build a tech startup, game development, Ruby programming, and even stuff like yoga and guitar lessons.
Udemy recently announced a new set of metrics indicating some pride-worthy growth, and says that it now provides to 800,000 students and offers 8,000 different courses. Udemy offers both free and paid courses – and instructors of those that cost money receive 70% of the revenue generated – and can even bump that number up to 85% by promoting their efforts. The courses utilize video – and some even include live lectures.
With the goal of adding fresh teaching talent to the roster, Udemy recently fired-up a grant program called the “Summer of Teaching.” Winners of the grant (the instructors) will be awarded $5,000 and also turn that 70%-85% figure into 100% – earning all the proceeds from their future efforts – forever. Pretty awesome deal, there.
As the world continues to embrace all things mobile, Udemy recently unveiled an iOS app – and students can now use their iPhones and iPads to learn not only anytime, but also anywhere.
Udemy is also focusing on providing courses for those already in the professional world – and in April, it launched “Udemy for Organizations,” which allows companies to create, customize, and brand their own library of training courses. Already using the service are Dynamic Signal, Wanelo, AnyPresence, and SocialWire.
Udemy was founded in 2010, and is based in San Francisco. The team, which is pretty large compared to many startups, includes co-founder and CEO Eren Bali, co-founder and CPO Oktay Caglar, and President & COO Dennis Yang. Last December, the company raised $12 million in a series B – bringing their total amount of funding to $16 million. The round was led by Insight Venture Partners – and also included Learn Capital, Lightbank, and MHS Capital.
If you’re wondering whether or not courses offered by a MOOC like Udemy will count for credit towards a higher-education, the answer is: maybe. In February, the American Council on Education (ACE) announced that it had deemed 5 courses offered by one of Udemy’s rivals, Coursera, as being worthy of legitimate college credit. The decision by ACE represents an important first step toward MOOCs becoming a game-changer in higher-education, but ultimately, it’s up to the individual institutions to either allow or disallow credit from online courses. As you’d probably imagine, colleges aren’t necessarily 100% on-board with the idea (to say the least), and faculty members will most-likely be skeptical about the scholastic value of skills learned online. Still, the ball seems to be rolling in the direction of MOOCs, and time will tell.
If you’re interested in checking out what Udemy has to offer – whether you’re a potential student, or a would-be online instructor – Udemy’s services can be accessed at www.udemy.com. Happy learning!