Practitioners, Not Teachers, Will Dominate Online Learning

Late last month, the marketplace for online courses from over 50,000 instructors – Udemy – went public at a $4 billion valuation. With nearly $500M in revenue over the past 12 months, $4 billion is a hefty 8x revenue multiple on a business that hasn’t yet demonstrated an ability to make money. Udemy’s underlying challenge may be that not all experts are created equal.


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