Next Wave of the Sharing Economy October 8, 2014
Nov 22, 2014
Next Wave of the Sharing EconomyOctober 8, 2014
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OF GRADE SCHOOL KIDS
Will eventually havejobs 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%
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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)
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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
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Global Education Industry
Source: McKinsey
2011 Global Expenditure = $4.1 Trillion
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%
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Spending on Learning in the United States
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Agricultural
Industrial
Services
1850 1870 1890 1910 1930 1950 1970 1990 2010
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 Jobsare changing radically.
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Mobile
Desktop
Bandwidth Cost
2007 2008 2009 2010 2011 2012 2013 2014 2015
Sources: ComScore & @KPCB
Market Trends
Now is thetime to teach and learn online.
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Online Learning Market Landscape
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4,000,000Students
20,000Published courses
10,000Published instructors
190+Countries (50% Domestic & 50% International)
Source : Udemy
Udemy by the Numbers
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Diverse MarketplaceBroad content library spans huge variety of topics
Demo
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First, weshared goods.In the first wave of the Sharing Economy, companies like Airbnb and Relay Rides helped us share goods and assets.
Evolution of the Sharing Economy
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First, weshared goods.In the first wave of the Sharing Economy, companies like Airbnb and Relay Rides helped us share goods and assets.
Evolution of the Sharing Economy
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Then weshared services.In the second wave, the Sharing Economy helped us tap into general skill sets such as driving, furniture assembly and grocery shopping.
Evolution of the Sharing Economy
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Now we can share expertise.Today, we share specialized skillsets by tapping into experts and knowledge workers.
Evolution of the Sharing Economy
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Snapshot: Teaching on Udemy
10,000Experts teaching
on the Udemy platform
$7,000Average instructor
earnings
2-3 wksAverage time to publish a course
0-5 hrsAverage time per week to support a
course
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10,000FACULTY MEMBERS
10,000INSTRUCTORS
Unleashing Everyday Experts
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Why Teach on Udemy?
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.
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1950 2010
HourlyCompensation
Productivity
Source: Economic Policy Institute (via New York Times)
243.1%
108.9%
Why Teach on Udemy?
Revenue opportunityin an age of stagnant wages
Cum
ulat
ive
% c
hang
e si
nce
1948
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You would need to drive an Uber cab
40 hours per week for over 20 years
to match Udemy's top instructor earnings.