Thursday, June 12, 2014

The Future - The Digital Age

Coursera is another company that is using the "build an audience before profits" business model. It looks like Coursera is like many internet based companies in that it has not really made a profit yet. It has secured $85 million in venture funding and that is how it has been able to function. The same model is what has made Quora possible. Quora has yet to make a profit it and it is through venture funding that it exists. I would guess that other online education sites have been funded the same way. I think they are all trying to build a big customer base and then either figure out a way to make money from them or make it big in a public offering or get bought by a company that is making money. This looks to be the model for the digital age. I don't quite get it, but it seems to work.

What do you think?