Lynda.com -- with 2.5M members and nearly 100k videos across almost 2k courses -- has more than proven the market for learning software, business and creative skills online. Co-founder and executive chair Lynda Weinman will talk with LAUNCH founder Jason Calacanis in her fireside chat at LAUNCH Education & Kids June 26-27.
But this is not an overnight-success story. Lynda, a special effects animator and faculty member at the Art Center College of Design, founded the company with her husband Bruce Heavin in 1995 (see her full bio here).
Yahoo is going to buy Tumblr for $1B on Monday according to reports.
I will explain to you why the media is freaking out, why big companies need to make more bets like this, why Yahoo is the perfect home and why Zuckerberg should offer $2B.
Media... Freak Out!
Over 20 years in the industry I’ve learned that when something gets bought for $1B or more, people tend to freak out.
People can comprehend millions of dollars, because we all know folks who have a million or more dollars (or homes worth that). When you start talking about 100s or 1,000s of millions, people get emotional and some start lashing out.
Journalists are one of the first groups to lash out. Why? Because they have no chance of making big money in their jobs, and they have to fight for $5k raises while their pensions are replaced with 401ks. Also, they tend to have covered startups like Tumblr from year one and they can’t reconcile how something that didn’t exist five years ago is now worth $1B -- and that they don’t have to balls to create something.
F@#4k it, Yahoo Should Buy 10 Tumblrs
Here’s the truth: a billion dollars is nothing to a company like Yahoo or Google or Facebook or Apple or Microsoft.
If there were 10 startups like Tumblr, with 100M+ users and $50M-$100M in revenue potential a year, it would actually make sense for Google, Yahoo or Facebook to buy all 10.
Roll the dice.
Because those companies have tens to hundreds of billions of dollars in market cap and cash, and if one in 10 of those startups turn into YouTube, it’s worth it.
Read the complete editorial on LinkedIn here.
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If you're talking about technology's impact on education, the conversation always includes MOOCs -- massive open online courses. That's why we're excited Coursera co-founder and Stanford computer science professor Daphne Koller will join LAUNCH founder Jason Calacanis for a fireside chat at LAUNCH Education & Kids June 26-27.
Coursera, which aims to make the best education accessible online to everyone for free, has more than 3.5M students, 370 courses and 69 institutional partners -- a 5x increase in students and 25x in courses since last summer.
Partners include top US schools like Stanford and Princeton, plus foreign institutions like the University of Tokyo and École Polytechnique. The company raised $22M total from Kleiner Perkins and NEA in mid-2012, less than a year after Daphne and co-founder Andrew Ng developed Stanford's first online education platform.
When I started building companies in the '90s, the only tools designed to help startups grow were "productivity apps" like Microsoft Office and Quickbooks. They were helpful, but they only solved very basic problems like math, bookkeeping and letter writing.
They didn’t address high-level stuff like ideation, analytics, hiring, CRM (customer relationship management), time tracking, project management, customer feedback and—gulp!—employee motivation and feedback. If you wanted software to do those things, you needed to hire three or four people and customize software packages, which typically started in the six-figure-and-up range.
Today? Today you can have all eight of those functions for—wait for it—under $1,000 a month. Most importantly, they can each be set up and learned in under a day, and managed by existing team members—without dedicated staff—in a couple of hours a month.
We love bringing living legends to our stage, which is why we are thrilled and honored that Mitch Kapor will join LAUNCH founder Jason Calacanis for a fireside chat at LAUNCH Education & Kids. The event, where 20 companies will debut or demo new products, takes place June 26 & 27 at Microsoft's campus in Mountain View.
Mitch is best known as the founder of Lotus Development Corporation and designer of Lotus 1-2-3. Through Kapor Capital, he is active as a seed-stage investor focused on social impact startups, especially in education, healthcare and consumer finance. Mitch is also a director and major funder of the Level Playing Field Institute, which works to increase fairness in education and the workplace by closing the opportunity gap and removing barriers to success (the full bio is here).