Last year, LinkedIn spent $1.5 billion on Lynda.com, an online learning platform. Online education itself has become a huge market. But the course completion rates and retention is far too low, according to Jumpcut CEO Kong Pham — because the lectures are simply too boring. He’s hoping that his team can build a company based around “Spielberg-like” online courses, starting with professional networking videos like learning how to network and become better at social media. The company has $85,000 in monthly recurring revenue and is doubling month-over-month with a $17-per-month subscription model. It’s going to be challenging for sure: it’s going to be hard to figure out how to make highly cinematic videos that go into tough subjects like computer science and mathematics. But Pham and his team — which have previously built a company in viral video — hope they can crack that market.
Payday lender-alternative LendUp landed $47 million in series C funding this week. Y Combinator’s growth fund, Y Combinator Continuity, led the round. Google Ventures, Thomvest Ventures, QED Investors, Data Collective, Susa Ventures, Radicle Impact, Bronze Investments, SV Angel and other angels also contributed.
ApolloShield, which was originally incorporated as Airfence Inc., has launched an anti-drone system that detects drones flying where they’re not authorized or wanted, and forces them to fly home.
The startup intends to sell its technology to owners or managers of venues that have intense security needs such as oil refineries, nuclear facilities, airports, prisons, stadiums or hotels and buildings where high-net worth individuals or public figures may reside.