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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

August 2020
Skillshare raises a $66,193,523 series D round from Amasia, Burda Principal Investments, OMERS Growth Equity and Spero Ventures.
July 2018
Skillshare raises a $28,000,000 series C round from Amasia, Burda Principal Investments, Spero Ventures and Union Square Ventures.
May 6, 2016
Skillshare raises a $12,000,000 series B round from Amasia, Omidyar Network, Spark Capital and Union Square Ventures.
February 28, 2014
Skillshare raises a $6,100,000 venture round from Spark Capital and Union Square Ventures.
January 31, 2013
Skillshare raises a $1,000,000 venture round from VTF Capital.
August 16, 2011
Skillshare raises a $3,100,000 series A round from Spark Capital and Union Square Ventures.
May 1, 2011
Skillshare raises a $550,000 seed round from Collaborative Fund, David Tisch, Founder Collective, Karl Jacob, Rafe Furst, SV Angel and Scott Heiferman.
November 8, 2010
Skillshare was founded by Malcom Ong and Michael Karnjanaprakorn.

Funding rounds

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
Julia Pugachevsky
May 28, 2021
Business Insider
"Massive open online courses" -- or MOOCs -- are very popular and accessible forms of e-learning seen on platforms like edX and Coursera.
Mara Leighton
February 22, 2021
Business Insider
A Skillshare membership grants you access to thousands of online classes in subjects like writing, business, tech, art, web design, and life skills.
Amanda Perelli, Dan Whateley and Sydney Bradley
February 8, 2021
Business Insider
Insider is recognizing the influencer-marketing execs who work for brands and plan creative campaigns around influencers on social media.
Connie Chen
December 22, 2020
Business Insider
Skillshare's short online classes give students the chance to learn from experienced industry leaders and even get feedback on their work.
Connie Chen
December 18, 2020
Business Insider
Online classes can help you advance your career or keep you entertained during the pandemic. Here's a breakdown of four popular e-learning platforms.
Skillshare
December 15, 2020
www.prnewswire.com:443
/PRNewswire/ -- Skillshare--the world's largest online learning community for creativity--today announced that digital consumer industry leaders, Jaleh Bisharat,...
Caterina Dassie
November 30, 2020
Business Insider
Top companies are now training recruiters to pick candidate's cues virtually and ask more questions to check the culture fit.
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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