udemy: next wave sharing economy

Next Wave of the Sharing EconomyOctober 8, 2014

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OF GRADE SCHOOL KIDS

Will eventually havejobs that don’t exist yet

Source : U.S. Department of Labor, futurework - Trends and Challenges for Work in the 21st Century, View report here.

65%

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Of the world’s unemployed

Youth make up…

Source: World Economic Forum, The Challenge of Youth Unemployment, View report here.

40%(17% of the world’s population)

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Of worldwide employers

Source: World Economic Forum, The Challenge of Youth Unemployment, View report here.

42%

Of educational institutions72%

Believe recent graduates are ready for work

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Global Education Industry

Source: McKinsey

2011 Global Expenditure = $4.1 Trillion

Europe

North America

Latin America

Developed Asia Pacific

Middle East Africa

Emerging Asia Pacific

K12

Post-K12

Corporate

Vocational

Pre-K12

Geography Subsector

25%

32%8%

15%

3%

17%

58%25%

5%5%

7%

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Spending on Learning in the United States

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Agricultural

Industrial

Services

1850 1870 1890 1910 1930 1950 1970 1990 2010

Sources: International Historical Statistics (2013); “Market Services Productivity Across Europe and the U.S.,” by Robert Inklaar, Marcel P. Timmer and Bart van Ark, Economic Policy, vol. 23, no. 53, 2008, pp. 139-94; author’s calculations.

Market Trends

Our Jobsare changing radically.

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Mobile

Desktop

Bandwidth Cost

2007 2008 2009 2010 2011 2012 2013 2014 2015

Sources: ComScore & @KPCB

Market Trends

Now is thetime to teach and learn online.

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Online Learning Market Landscape

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4,000,000Students

20,000Published courses

10,000Published instructors

190+Countries (50% Domestic & 50% International)

Source : Udemy

Udemy by the Numbers

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Diverse MarketplaceBroad content library spans huge variety of topics

Demo

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First, weshared goods.In the first wave of the Sharing Economy, companies like Airbnb and Relay Rides helped us share goods and assets.

Evolution of the Sharing Economy

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First, weshared goods.In the first wave of the Sharing Economy, companies like Airbnb and Relay Rides helped us share goods and assets.

Evolution of the Sharing Economy

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Then weshared services.In the second wave, the Sharing Economy helped us tap into general skill sets such as driving, furniture assembly and grocery shopping.

Evolution of the Sharing Economy

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Now we can share expertise.Today, we share specialized skillsets by tapping into experts and knowledge workers.

Evolution of the Sharing Economy

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Snapshot: Teaching on Udemy

10,000Experts teaching

on the Udemy platform

$7,000Average instructor

earnings

2-3 wksAverage time to publish a course

0-5 hrsAverage time per week to support a

course

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10,000FACULTY MEMBERS

10,000INSTRUCTORS

Unleashing Everyday Experts

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Why Teach on Udemy?

Reach

Share your knowledge with millions of people around the world.

Revenue

Earn money teaching what you know and love.

Passion

Join everyday experts excited about teaching online.

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1950 2010

HourlyCompensation

Productivity

Source: Economic Policy Institute (via New York Times)

243.1%

108.9%

Why Teach on Udemy?

Revenue opportunityin an age of stagnant wages

Cum

ulat

ive

% c

hang

e si

nce

1948

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You would need to drive an Uber cab

40 hours per week for over 20 years

to match Udemy's top instructor earnings.