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Education Platform Lynda.com Raises Round Of Funding

After 17 Years, Education Platform Lynda.com Raises Its First Round Of Funding, $103M From Accel & Spectrum | TechCrunch: "Yet, with its sizable new chunk of funding, the company’s biggest growth potential lies in international markets. As of now, Lynda.com’s content is English-only, so going forward, it will be investing heavily in diversifying and localizing its existing content and potentially adding a handful of international studios to the 20-odd video studios it operates in the U.S. Operating its own production and studios is more capital intensive, but it also assures a higher quality presentation of its content, which in turn appeals to the teachers and experts who help create that content. In turn, when many online video platforms don’t compensate educators or rely on set-your-own-price marketplaces, Lynda has found success in an old model. Once teachers and experts are vetted, they get an advance for their work, meaning that they have a guaranteed paycheck. They can then supplement that base pay with a share of the revenue generated by their content based on the video’s popularity. Ultimately, it’s proven to be an attractive model to teachers, as nearly 20 percent of its 250 educators earn their entire annual income from Lynda.com."

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