It also has a number of investments planned to broaden its user experience. These include mobile apps that also allow students to work while they’re offline; backing for local facilitators who can organise students into small groups for “real world” communication; and a platform for other developers to launch third-party education apps for its growing online audience. With all the focus on speed as it races to capitalise on its momentum in a hot new market, Coursera has given little thought to making money, says Mr Koller. It sells “verified certificates” – proof that students have completed courses – and generated revenues of more than $600,000 in the second quarter, up from $220,000 in the first, she says. But after burning through only $6m of its cash so far, making money is “not a high priority.” Alongside Mr Milner and the IFC, which is the World Bank’s investment arm, other new investors to Coursera in the latest around are Laureate Education, an international network of 71 private colleges around the world that was formerly known as Sylvan Learning Systems, and Learn Capital, a VC firm specialising in education. blogs.ft/tech-blog/2013/07/coursera-races-to-expand-its-reach-to-the-developing-world/
Posted on: Sat, 13 Jul 2013 07:35:11 +0000
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