Raises $7.5 Million

Posted May 1, 2013 is a new startup that was founded by the same team that sold Homestead to Intuit for $170 million several years ago.  Based in Menlo Park, California, provides teaches with a platform to sell video lessons on various topics like how to sharpen knives, how to do yoga, how to dance salsa, how to make jewelry, etc.  The idea of was being planned over the last couple of years by CEO Justin Kitch, engineering director John Tokash, and CTO Thai Bui.  Some of the courses are free and others are paid.

“Our goal is to turn teachers into entrepreneurs,” stated Kitch in an interview with BizJournals. “We let them decide whether they want to charge and how much. But even if they offer the courses for free to start, we think they will learn the value of the platform and start to charge later on.” raised $7.5 million in funding over the past year from Redpoint Ventures, Intuit chairman Bill Campbell, and Jesse Rogers (Altamont Capital).  Kitch also put some of his own money into the venture.

Around 10,000 people beta-tested the product online and it was a successful run.  The company has 15 employees and over 100 teachers offering 500 classes.