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Udacity: Company Presentation
Udacity was founded by Sebastian Thrun in 2011 to provide free online courses focused on computer science. It has since expanded its course catalog, raised over $15 million from investors, and partnered with companies like Google and Nvidia. In 2014, Udacity launched a paid subscription service and an online Master's in Computer Science from Georgia Tech for $6,600. The company has found success by shifting from purely free courses to more vocational training through industry-oriented material and subscription services.
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Udacity: Company Presentation
- 1. Company Presentation byFrank Tan
- 2. Products • Free onlinecourseware (CS focus) • Paid tutoring service • Certificates for completing courses
- 4. Financial Info • $300,000from co-founder/CEO Sebastian Thrun • $15 million from Andreesen Horowitz • Investments from Charles River Ventures • ~$150/month for subscription • Largest revenue source: Georgia Tech partnership • No official numbers
- 5. Company History • SebastianThrun: professor at CMU and Stanford, Google X founder, worked on driverless cars • 2011: Thrun puts Intro to AI online; 160,000 enroll • 2012: First courses launched on Udacity website • 2012-2013: Course catalog expansion, collaborations with Google, Nvidia, et al. • 2014: Site revamp, launch of subscription services
- 6. What’s Hot? • January15, 2014: launch of online Master’s in Computer Science from Georgia Tech for $6,600
- 7. Secret Sauce • Freebasic courseware • Industry-oriented material taught by industry leaders • Course Management team
- 8. A Story • Thrun,November 2013: “We have a lousy product” • Reason: < 10% finished a course, fewer passed • Audience recognized: working professionals • Led to launch of subscription services • Paradigm shift: more vocational training
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- 10. Prediction • Success! • Foundtheir niche
Editor's Notes
- #4 Course structureUnits broken down into videosQuizzes interspersedForumsUnit tests and final projects