Skillshare

Skillshare

Skillshare is a New York-based educational technology company offering an online learning community for creative entrepreneurs.

Skillshare is a New York City-based company which offers a library of instructional and educational video content. The company generates revenue by charging consumers a monthly or annual subscription fee. The company makes some of its video library available for free.

Founded in 2010 by Michael Karnjanaprakorn and Malcom Ong, the company has over 12 million registered users, 8,000 teachers, and 30,000 classes on the platform as of August 2020. Matt Cooper, the company's current CEO, took over the role from Karnjanaprakorn in November 2017. Karnjanaprakorn is the company's chairperson.

The company is venture-backed and has raised from investors including SV Angel, Spark Capital, Founder Collective, Box Group, and OMERS Growth Equity across multiple rounds of venture capital funding.

Online video library

Skillshare has tens of thousands of courses in its catalog. The company differentiates itself by focusing primarily on content covering creative skills and business fundamentals. Courses are typically taught by experienced practitioners of the skill, craft, or type of work covered by the online class.

In June 2018, the company launched Skillshare Originals, which are online courses produced by an in-house video production team.

Revenue share with instructors

Instructors who teach courses hosted on Skillshare earn royalties on their content; as of August 2020, teachers are paid out based on their share of the minutes watch by Premium students across the platform each month.

The company explains the revenue split:

If 5% of all minutes watched on Skillshare by Premium students happened in a teacher’s class(es), then that teacher would receive 5% of the revenue allocated to the teacher royalty pool that month.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Skillshare Series A round
Series A round
3,100,000
August 16, 2011
Spark Capital
Skillshare angel round
Seed round
550,000
May 1, 2011
Collaborative Fund
Skillshare funding round, July 2018
Series C round
28,000,000
July 2018
Union Square Ventures
Skillshare funding round, January 2013
Venture round
1,000,000
January 31, 2013
VTF Capital
Skillshare, Inc. funding round, August 2020
Series D round
66,193,523
August 2020
Amasia
Skillshare funding round, February 2014
Venture round
6,100,000
February 28, 2014
Union Square Ventures
Skillshare funding round, May 2016
Series B round
12,000,000
May 6, 2016
Union Square Ventures
Skillshare, Inc. funding round, January 2011
550,000
January 2011
8 Results
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People

Name
Role
LinkedIn

Aaron Marks

Employee

Abigail Besdin

Employee

Alexander Emamnuel

Employee

Alyssa Demirjian

Employee

Andrew Mercando

Employee

Anthony S Geranio

Employee

Calvin Chan

Employee

Cam Lay

Employee

Cassie Marketos

Employee

Chris Boardman

Employee

Chris Maliwat

Employee

Craig Shapiro

Investor

Dan Applegate

Employee

Danya Cheskis-Gold

Employee

Dave Lin

Advisor

David Tisch

Investor

Devashish Kandpal

Employee

Ed Boyd

Employee

Elise Felker

Employee

Eric Paley

Investor

Freyan Billimoria

Employee

Jake Przespo

Employee

Jason Finger

Investor

Jesse Chorng

Employee

Jimmy Chorng

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Anthony Ha
August 10, 2020
TechCrunch
The public beta of watchOS 7 is here, Amazon may be looking to turn malls into distribution centers and Skillshare raises $66 million. This is your Daily Crunch for August 10, 2020. The big story: Trying on Apple's watchOS 7 Brian Heater walks us through all the changes coming in watchOS 7. It sounds like [...]
AlleyWatch
August 10, 2020
AlleyWatch
The Pulse of New York Tech
Anthony Ha
August 10, 2020
TechCrunch
Skillshare CEO Matt Cooper said 2020 has been a year of rapid growth -- even before the pandemic forced large swaths of the population to stay home and turn to online learning for entertainment and enrich. Cooper (who became CEO in 2017) told me that the company decided last year to "focus on our strength," [...]
Staff
May 28, 2020
BGR India
Apps to learn new things during lockdown - Check out how to upskill yourself during the pandemic with these applications.

References

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