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Udemy: Next Wave Sharing Economy

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Udemy is the world's largest destination for online courses. Discover an online course on Udemy.com and start learning a new skill today.

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Udemy: Next Wave Sharing Economy

  1. 1. Next Wave of the Sharing Economy October 8, 2014
  2. 2. 2 OF GRADE SCHOOL KIDS Will eventually have jobs 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% © Udemy, Inc. All Rights Reserved.
  3. 3. 3 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) © Udemy, Inc. All Rights Reserved.
  4. 4. 4 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 © Udemy, Inc. All Rights Reserved.
  5. 5. Global Education Industry 5 Source: McKinsey 2011 Global Expenditure = $4.1 Trillion © Udemy, Inc. All Rights Reserved. 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%
  6. 6. 6© Udemy, Inc. All Rights Reserved. Spending on Learning in the United States
  7. 7. 7© Udemy, Inc. All Rights Reserved. Agricultural Industrial Services 185 0 187 0 189 0 191 0 193 0 195 0 197 0 199 0 201 0 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 Jobs are changing radically.
  8. 8. 8© Udemy, Inc. All Rights Reserved. Mobile Desktop Bandwidth Cost 2007 2008 2009 2010 2011 2012 2013 2014 2015 Sources: ComScore & @KPCB Market Trends Now is the time to teach and learn online.
  9. 9. 9© Udemy, Inc. All Rights Reserved. Online Learning Market Landscape
  10. 10. 10© Udemy, Inc. All Rights Reserved. 4,000,000 Students 20,000 Published courses 10,000 Published instructors 190+ Countries (50% Domestic & 50% International) Source : Udemy Udemy by the Numbers
  11. 11. 11© Udemy, Inc. All Rights Reserved. Diverse Marketplace Broad content library spans huge variety of topics
  12. 12. Demo
  13. 13. First, we shared goods. In the first wave of the Sharing Economy, companies like Airbnb and Relay Rides helped us share goods and assets. 13© Udemy, Inc. All Rights Reserved. Evolution of the Sharing Economy
  14. 14. First, we shared goods. In the first wave of the Sharing Economy, companies like Airbnb and Relay Rides helped us share goods and assets. 14© Udemy, Inc. All Rights Reserved. Evolution of the Sharing Economy
  15. 15. Then we shared services. In the second wave, the Sharing Economy helped us tap into general skill sets such as driving, furniture assembly and grocery shopping. 15© Udemy, Inc. All Rights Reserved. Evolution of the Sharing Economy
  16. 16. Now we can share expertise. Today, we share specialized skillsets by tapping into experts and knowledge workers. 16© Udemy, Inc. All Rights Reserved. Evolution of the Sharing Economy
  17. 17. © Udemy, Inc. All Rights Reserved. 17 Snapshot: Teaching on Udemy 10,000 Experts teaching on the Udemy platform $7,000 Average instructor earnings 2-3 wks Average time to publish a course 0-5 hrs Average time per week to support a course
  18. 18. © Udemy, Inc. All Rights Reserved. 18 10,000 FACULTY MEMBERS 10,000 INSTRUCTORS Unleashing Everyday Experts
  19. 19. Why Teach on Udemy? 19© Udemy, Inc. All Rights Reserved. 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.
  20. 20. 1950 2010 22© Udemy, Inc. All Rights Reserved. Hourly Compensation Productivity Source: Economic Policy Institute (via New York Times) 243.1% 108.9% Why Teach on Udemy? Revenue opportunity in an age of stagnant wages Cumulative%changesince1948
  21. 21. © Udemy, Inc. All Rights Reserved. 23 You would need to drive an Uber cab 40 hours per week for over 20 years to match Udemy's top instructor earnings.

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