Letter from Lynda

Published by | Thursday, January 17th, 2013
Lynda Weinman discussing the investment deal on Bloomberg West

Lynda on Bloomberg West, January 16, 2013.

Some of you may have heard our big news: lynda.com has raised a $103M investment from Accel Partners, Spectrum Equity, and Meritech Capital Partners.

In our 17-year history, we have never needed investment money because our business has been profitable and self-sustaining. We’ve been approached by investors for the past seven years on a fairly regular basis, and never seriously considered taking an outside investment. Bruce and I covet the creative and financial freedom to chart our own journey, and we weren’t sure what we would do with the money.

What changed? As we’ve grown to more than 400 employees, achieved record revenue numbers, expanded with offices in the United Kingdom and Australia, and built out a stellar executive management team, we now have a clear idea of what to do with the extra funding. Our plan is threefold: increase our content scope and output, improve our delivery platform, and expand internationally.

Bruce and I still hold the majority ownership of lynda.com and continue to be grateful every day for this opportunity to do what we love—we have no intention of changing that! We are really excited to welcome Andrew Braccia from Accel Partners and Vic Parker from Spectrum Equity to our board of directors. They are great investors who share a passion for what we have built, respect our vision, and welcome our deep engagement in the business.

We are thankful to have such an amazing culture, to be part of such an important mission, and to foster the many new ideas that haven’t yet been realized.

Stay tuned for more of what we’ve always created: effective, efficient training that helps people achieve their goals and gain confidence with their skills.

Thank you for all your support over the years, and we hope to continue to earn it for many more years to come!

— Lynda

Read more:

• Bloomberg: “Lynda.com lands $103 million in biggest education financing”
• VentureBeat: “Lynda.com raises $103M to tackle the tech talent crunch

Article on Bloomberg covering the $103 million investment given to lynda.com

VentureBeat article covering the $103 million investment deal

 

Watch Lynda’s interview with Robert Scoble about the deal:

 

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3 Responses to “Letter from Lynda”

  1. Fabien Berdah says:

    Dear Lynda and Team at Lynda.com,

    First of all, I would like to thank you all for the great content on this website. Lynda.com is a great tool to learn new skills and techniques related to various fields, and the courses are really clear and enjoyable.

    I would like to congratulate you all for the investment opportunity you have accepted and I wish you all the best for the future. By watching your content, it is clear that the whole team at Lynda.com are passionate about what they do and care about the subscribers and I am really happy that Lynda.com will be able to expand.

    I have spoken to a lot of my coworkers about Lynda.com and I was disappointed to see that many of them are not aware about how much they can learn on your site. I hope that in the future, more people will know about your website.

    A simple idea that I have for you is this:

    Your courses are clear and one can learn a great amount of things by watching all these videos. Being a recent graduate, I have take many online courses and I can tell you that none of them is even close in quality and content to Lynda.com. This is why I think that maybe you could investigate a little Lynda.com University. I understand the challenges of going into that direction but I strongly believe that your team can achieve great results in the matter. You could have little quizzes at the end of each section and a more general quiz at the end of each course. Sure one could cheat and watch the videos again while taking the quiz but you could block people from doing so once they start the quiz. And even then, having challenging exercices can sometime really help in the understanding and practice and while it would not have the recognition that a University does, it would be a good thing to add on your linkedin account instead of a simple certification.

    You could also implement it in a way that, say I am told to take a course by my manager, I could do it from home and have my manager review the results I got from the test as a proof that I did watch it and understood the content.

    I am certain you have great ideas already but I thought I could share the idea with you regardless.

    Good luck, and thank you for your hard work and dedication,

    Fabien

  2. [...] has tweeted about the deal and it is available here. A sentence from her letter: In our 17-year history, we have never needed investment money because [...]

  3. Antony says:

    Congratulations Lynda and team. Well deserved. Look forward to an already stellar product shining even brighter…

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