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Udemy: the online platform where anyone can teach anything (and that’s why it’s worth billions)

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With 150,000 courses ranging from how to win at poker to the beginnings of quantum mechanics, online education startup Udemy is growing during the pandemic.

Gregg Coccari feels torn. The coronavirus pandemic has left tens of millions of people out of work. But the company he runs, the online learning platform Udemy , is thriving. “Of course we are very excited about that,” he says. “But we are also seeing people fired and we see them fighting.”

Many of those people flock to Udemy’s selection of 150,000 online classes, most of which sell for between $ 10 and $ 20. In May alone, the company recorded 25 million new registrations , compared to 9 million the previous May. Its Udemy for Business division , which sells annual subscriptions for $ 360 per user to companies like Adidas and Toyota , is also booming. Among the most popular classes: best practices for Zoom video conferencing and how to manage a virtual team.

From March to May, Udemy sales doubled the total for the same period in 2019, says Coccari. The growing demand is likely to generate revenues of more than $ 400 million this year, according to two sources with knowledge of Udemy’s finances. According to Coccari, Udemy would be profitable if it did not plan to hire 200 people this year and invest in expansion abroad. He already has courses in 65 languages ​​and clients in 190 countries.

Dressed in a wide gray T-shirt, Coccari, 67, is handling things from a room in his 1920s Spanish colonial home in Santa Monica, California. Since the beginning of 2019, when he became CEO, most Mondays he took a 6:30 am flight to San Francisco, where the company is based, or went to one of its branches in Denver, Dublin, Ankara , São Paulo or Gurgaon, India. Now his life mimics a Udemy course, and he’s not excited about it. “Yesterday I had ten hours of Zoom meetings,” he says. “I would like to break my laptop. I prefer human interaction ».

But Udemy is benefiting from global confinement. While K-12 schools and universities struggle to teach online, Udemy is simply opening the key to a pioneering business model. Its platform hosts unaccredited instructor-led courses that independently create videotaped lessons and answer questions by email from students on a Udemy message board. The company collects a portion , usually 50%, of the course fees. Users determine which courses get the most traffic by posting star ratings and reviews.

Founder Eren Bali , 35, who chairs the Udemy board , came up with the idea for the company after growing up in an impoverished town in southeast Turkey, where he pursued his mathematical obsession with researching problems on the Web. He believed that great online instructors did not need sophisticated titles. “We wanted to create a market-based education company where any expert in the world could teach their own course, ” he says. He attempted to launch a live version of the site in Turkey in 2007. He failed, but SpeedDate, a Silicon Valley-based live online dating site, hired him as an engineer.

He and two co-founders started the launch of Udemy in the United States (the name is an acronym for “you” and “academy”) in 2010 after more than 200 funders rejected them. Edtech investor Daniel Pianko of New York-based University Ventures regrets to miss the opportunity. “I thought the idea was too crazy,” he says. Online education at the time was dominated by accredited for-profit giants like the University of Phoenix. “It was a totally revolutionary concept , that someone not affiliated with a university could teach a course,” he says.

Udemy’s early courses included how to earn money playing online poker and how to choose women. But the founders soon realized that coding and business skills, like data science and team building, were more in demand. Those courses represent two-thirds of the Udemy selection. But the platform is still open for anyone who wants to teach. Portrait drawing and Reiki massage courses have been popular during the pandemic .

Competing onlind education sites, including LinkedIn Learning and Coursera , work with university professors (Coursera) or select potential instructors (LinkedIn Learning) and reject most applicants. Conversely, instructors Udemy should only be six elements in a list of verification of minimum requirements as to the post least 30 minutes of video content course. Everything is subject to a list of not-us such as pornography, firearms and expressions of hatred. Some of Udemy’s best instructors earn up to $ 1 million a year.

Coccari says several hundred instructors make at least six figures annually, and that number is likely to double this year. They include Teresa Greenway , 61, who earned $ 12,400 this May from her baking courses. She dropped out of high school and married at age 21, had 10 children, including one son with autism, before escaping her abusive marriage a decade ago. “I had no degree, no work history, and I was quite emotionally abused,” she says. In 2015, he ran into Udemy and organized a three-hour sourdough course .

He now has 13 courses, plus other sources of income, including eight self-published books, which he sells on Amazon . She records all of her Udemy videos in advance. Once published, they run on autopilot. Their only interaction with students is through a Udemy message board where students post questions. Spend 20 minutes a day writing responses. Last year, Udemy accounted for the bulk of the $ 78,000 he earned. This year, he expects his income to double .

Bali retired as CEO in 2014 and the company landed two more bosses before Coccari took office last year. (In 2014, Bali co-founded a San Francisco startup, Carbon Health , where he is CEO.) A Wharton graduate and CEO of serial startups, Coccari’s last job was to head up Milwaukee-based premium pet food provider Stella & Chewy’s. One of that company’s sponsors, Ken Fox of New York-based venture firm Stripes, is an investor in Udemy and a member of the board. He asked Coccari to take over as CEO and manage the expansion of Udemy.

In February, Coccari closed a $ 50 million investment from Benesse Holdings , the Tokyo-based senior education and care conglomerate that owns Berlitz language schools. The deal brought Udemy’s total capital invested to more than $ 200 million and increased its valuation from a total of $ 710 million to $ 2 billion. Although Japan’s pandemic blockades were less restrictive than those of other countries, Udemy’s Japanese revenue in the first five months of 2020 tripled sales for the same period in 2019 , according to Benesse CEO Tamotsu Adachi.

Coccari is cautious in predicting how the pandemic will shape the future of education. But online learning cheerleaders like Chicago edtech investor Deborah Quazzo of GSV Ventures believe the virtual education market will hit $ 1 trillion in 2026 , more than double what it had expected before the pandemic. She says Udemy is about to increase in size and regrets not having funded the company. “I was stupid,” she says.

Coccari says he is concentrating on the present. “We are really focused on making sure we can handle these massive spikes in traffic,” he says. “We don’t know what the world will look like at the end of all this.”

Charles recently joined the team, and he writes for the Headline column of the website. He has done major in English, and a having a diploma in Journalism. He has worked for more than 1.5 years in a media house. Now, he joined our team as a contributor for covering the latest US headlines. He is smart both by him looks and nature. He is very good with everyone in the team.

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Rajasthan Political Crisis: Six ‘BSP MLAs’ Move Supreme Court, Seek Transfer of Case on Merger With Congress From HC

Six MLAs who had won in the 2018 Rajasthan assembly elections on the Bahujan Samaj Party (BSP) ticket moved the Supreme Court on Saturday seeking the transfer of the case against their merger with the Congress to the top judicial body.

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Jaipur, August 8: Six MLAs who had won in the 2018 Rajasthan assembly elections on the Bahujan Samaj Party (BSP) ticket moved the Supreme Court on Saturday seeking the transfer of the case against their merger with the Congress to the top judicial body. The proceedings in their case is currently underway in the Rajasthan High Court. BSP Twist to Rajasthan Political Row: Mayawati’s Party to File Plea in HC Tomorrow Against Merger of Its 6 MLAs With Congress.

The six legislators – R Gudha, Lakhan Singh, Deep Chand, JS Awana, Sandeep Kumar and Wajib Ali – had joined the Congress en masse in September 2019. Speaker CP Joshi had approved their merger as the entire legislature party of the BSP in Rajasthan had switched camps.

The BSP, led by former Uttar Pradesh chief minister Mayawati, moved the High Court on July 28 with a plea challenging their merger. The party claimed that since it is registered as a “national political party”, such a merger could be validated only if all state units of the BSP merge with the Congress.

The case filed by BSP in the Rajasthan HC was preceded by a whip issued to the six MLAs, directing them to vote against the Ashok Gehlot-led government in the state in case of a trust vote.

If the High Court order annuls their merger with Congress and rules that the MLAs still belong to the BSP, they would be required to adhere to the party whip. If the legislators violate the whip issued to them in case of a trust vote, their membership of the House could be cancelled.

(The above story first appeared on Onhike on Aug 08, 2020 05:44 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website onhike.com).

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Snakes Glide Up on Trees in Shivamogga As Water Level in Karnataka’s Tunga River Rises After Heavy Rainfall (Watch Video)

Video of snakes resting on a tree as the water level in River Tunga increased due to heavy rain in Shivamogga has gone viral. Heavy rainfall in Karnataka has to lead to a flood-like situation in the state.

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Video of snakes resting on a tree as the water level in River Tunga increased due to heavy rain in Shivamogga has gone viral. Heavy rainfall in Karnataka has to lead to a flood-like situation in the state. Video of snakes gliding on trees to save themselves from the flowing water is being widely shared on social platforms. Snakes were seen coiling around stems to avoid the river banks. The video shows two snakes on a brand as water gushes beneath them. The clip further shows the river which is overflowing its banks. Karnataka Rains: Temple Submerged in Water Due to Overflowing of Hemavathi River in Hassan (Watch Video)

Karnataka has been experiencing incessant rainfall and thunderstorms causing landslides and floods. Border regions such as Belagavi district have also been witnessing rising water levels in River Krishna. It has been due to swelling of the river’s tributaries caused by heavy rains in Maharashtra. River Cauvery river is also overflowing and has submerged Bhagamandala temple, blocking connecting roads in the district. Karnataka Rains: Kodagu District Faces Flood-Like Situation Due to Heavy Rainfall, River Hemavathi and River Cauvery Flow Over Danger Mark; See Pics.

Snakes Taking Shelter on Trees as River Water Rises in Karnataka:

A three-month-old baby was rescued by National Disaster Response Force (NDRF) at Balegundi village of Kodagu district in the state. The Cauvery river too is overflowing and its floodwaters have inundated the Bhagamandala temple, blocking major connecting roads in the district. There have also been landslides near Botlappa and other areas of Kodagu, along with Charmadi ghat near Chikmagalur and Dakshina Kannada. Uttara Kannada and Shivamogga are some of the districts that also been flooded due to continuous heavy rains. Water being released from dams into the state is another reason for the floods

(The above story first appeared on onhike on Aug 08, 2020 12:26 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website onhike.com).

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Air India Express Plane Crash: Self-Quarantine and COVID-19 Tests for People Involved in Rescue Operations at Kozhikode Airport, Says Kerala Health Minister

Kochi, August 8: Kerala Health Minister KK Shailaja on Saturday announced that people who were engaged in rescue operations at Kozhikode

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Air India Express Plane Crash: Self-Quarantine and COVID-19 Tests for People Involved in Rescue Operations at Kozhikode Airport, Says Kerala Health Minister

Kochi, August 8: Kerala Health Minister KK Shailaja on Saturday announced that people who were engaged in rescue operations at Kozhikode Airport should go into self-quarantine. The official added saying that the State Government of Kerala will conduct the COVID-19 tests of everyone who were involved in humanitarian assistance at the accident site. “All those who were involved in rescue operations at Kozhikode Airport should go into self-quarantine. State Government to conduct coronavirus tests of all”, KK Shailaja said.

The people who have been asked to go into self-quarantine are the ones who were engaged in the rescue operations at the Kozhikode airport after Air India Express flight skidded off the runway on Friday. The flight that had a crash-landing had returned from Dubai under the Vande Bharat mission. There were 190 people onboard of which 18 people have died so far, including two pilots. Reports inform that the plane plunged 35 feet into the valley below, as it landed on its second attempt amid heavy rain in the southern state. Air India Express Plane Crash Update: 18 Dead Including 2 Pilots.

Here’s the tweet:

All those who were involved in rescue operations at Kozhikode Airport should go into self-quarantine. State Government to conduct #COVID19 tests of all: KK Shailaja, Kerala Health Minister (file pic) pic.twitter.com/Lldp3G7xwd

— ANI (@ANI) August 8, 2020

The Digital Flight Data Recorder (DFDR) has been recovered from the aircraft while the floorboard is being cut to retrieve Cockpit Voice Recorder (CVR), the Directorate General of Civil Aviation (DGCA) official said.

In the wake of the incident, investigating officials from Directorate General of Civil Aviation (DGCA), Aircraft Accident Investigation Bureau (AAIB), top officials of Air India and Air India Express have reached Kozhikode from New Delhi on Saturday. The officials will probe the cause of accident at the Kozhikode airport where an Air India Express plane skidded and fell into a valley killing 18 passengers, including the two pilots and injuring many others on Friday evening.

(The above story first appeared on onhike on Aug 08, 2020 10:52 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website onhike.com).

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