Jumpcut launches at YC S16 Demo Day

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.