Teachable Inc.

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Teachable Inc.
ISIN🆔
Industrye-learning
Founded 📆2014; 8 years ago (2014)
New York
Founders 👔
  • Ankur Nagpal
  • Conrad Wadowski
Area served 🗺️
Revenue🤑 US$13.8 million[1] (2018)
Members
Number of employees
🌐 Websiteteachable.com
📇 Address
📞 telephone

Teachable (formerly Fedora) is an online learning software company headquartered in New York City with an additional office in Durham. Teachable offers a software platform to allow anyone to create and sell online courses. Users have the flexibility to create their own brand for their school, "upload videos, communicate with students and collect course fees."[2]

Teachable offers a freemium subscription business model. As of April 2018, Teachable has 12,000 paying customers with 125,000 courses and 10 million students on the platform.[3]

History[edit]

In 2014, Teachable was founded by Ankur Nagpal and Conrad Wadowski in New York.

Later that year, Teachable raised its $1 million seed round on AngelList from Winklevoss Capital, Maiden Lane Ventures, AngelList founder Naval Ravikant, Billy Draper from Draper Associates and more.[4]

In 2015, Teachable got $2 million in seed funding from Atlas Venture, including the funds from AngelList-affiliated syndicates.[5]

In 2016, Teachable raised another $2.5 million from existing investors, and new investors Accomplice Ventures and Learn Capital.[6]

In 2017, Teachable raised $4 million in Series A round, led by earlier investors Accomplice Ventures, Naval Ravikant, and Learn Capital.[7]

In 2018, Teachable announced they raised another $4 million at a $134 million valuation.[3]

In 2019, Ankur Nagpal was named to the Forbes 30 under 30 list as an influencer in the education field.[8]

Reception[edit]

Techweek remarked that Teachable has “changed the market for online courses” as it now allows non-traditional instructors to monetize their business.[9] However, this idea has also been met by criticism when an Instagram influencer, Aggie Lal, sold her social media Master Class on Teachable and did not deliver promised material on time, or honor the company-required refund policy.[10]

External links[edit]

References[edit]

This article "Teachable" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Teachable. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

  1. [1]
  2. Adams, Susan (16 April 2018). "How A Millennial Entrepreneur Built A Learning Platform With A $134m Valuation". Forbes. Retrieved 8 November 2019.
  3. 3.0 3.1 Lynley, Matthew (16 April 2018). "Teachable raises $4M to create a tool to turn any online class into a true business". TechCrunch. Retrieved 8 November 2019.
  4. Reader, Ruth (8 October 2014). "Fedora lands $1M to help 'million dollar' teachers reach bigger audiences online". VentureBeat. Retrieved 8 November 2019.
  5. Crichton, Danny (19 February 2015). "Armed With $2M, Fedora Hopes To Create The Next Million Dollar Teachers". TechCrunch. Retrieved 8 November 2019.
  6. Kolodny, Lora (4 May 2016). "Teachable raises $2.5 million to help instructors teach outside the confines of course marketplace". TechCrunch. Retrieved 8 November 2019.
  7. Kolodny, Lora (26 January 2017). "Teachable books $4 million to turn everybody into educators online". TechCrunch. Retrieved 8 November 2019.
  8. Coudriet, Carter (30 November 2018). "Forbes 30 Under 30 - Education". TechCrunch. Retrieved 8 November 2019.
  9. Varshney, Apekshita (5 July 2018). "How Teachable Changed The Market For Online Courses". Techweek. Retrieved 8 November 2019.
  10. McNeal, Stephanie (13 December 2018). "How Teachable Changed The Market For Online Courses". Buzzfeed News. Retrieved 8 November 2019.