Online Learning Update

November 3, 2018

CEO steps down at online education unicorn Udacity

Filed under: Online Learning News — Ray Schroeder @ 12:02 am

By Cromwell Schubarth, Silicon Valley Business Journal

Vishal Makhijani is stepping down as CEO of online education unicorn Udacity Inc., which last month reportedly cut staff. The move comes after Makhijani earlier this year released numbers for the first time to tout the Mountain View company’s growth as a step toward a possible IPO. “We are supporting our former and current employees through the transition,” the company said in a statement at the time. We continue to hire for key roles.” In its numbers released in February, Udacity said it had doubled its revenue in 2017, pulling in some $70 million — largely from students in the company’s “nanodegree” program. It said it employs about 500 to run its programs around the world. It said it has 10 million students across its paid and free classes, with over 50,000 enrolled in the nanodegree programs.

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