User:BethMasterClass/draft

Corporate history

MasterClass was formed by David Rogier and Aaron Rasmussen in 2014 under the name Yanka Industries.[1][2] The website was published publicly under the MasterClass name on May 12, 2015.[3] It had 30,000 sign-ups within a few months of release.[4][1]

MasterClass was started with $4.5 million in initial funding and two seed-funding rounds totaling $1.9 million.[5] This was followed by $15 million in funding announced in 2016,[5] $35 million in 2017,[2] and $80 million in 2018.[6] As of 2018, MasterClass' total funding is about $130 million.[7]

Classes

MasterClass produces online classes with "renowned personalities in their respective fields."[8] Each class has video lessons, exercises, workbooks, and interview sessions with the instructor.[3] A typical class has about 10-25 video lessons that are 2-5 hours each.[3]

Classes cover topics like writing, sports, and cooking.[9] As of 2019, the company was expanding into politics, economics, and video game design.[10] Many instructors do live demonstrations if the topic is easy to illustrate visually, while writers lecture.[10]

Initially, MasterClass was started with just three instructors.[3] 12 classes were added in 2017.[11] Kevin Spacey's and Dustin Hoffman's acting courses were removed in late 2017 after multiple sexual assault allegations had come out against both actors.[12] By late 2018 MasterClass had about 50 classes and 1,000 lessons.[13] Support for mobile devices was first added in April 2018.[6]



  1. ^ a b Kokalitcheva, Kia (February 23, 2016). "Here's How To Learn Acting From Kevin Spacey And Singing From Christina Aguilera". Fortune. Retrieved February 17, 2019.
  2. ^ a b Spangler, Todd; Spangler, Todd (March 28, 2017). "MasterClass, Purveyor of Celebrity Online Courses, Raises $35 Million Led by IVP". Variety. Retrieved February 17, 2019.
  3. ^ a b c d Gardner, Chris. "Dustin Hoffman, Serena Williams and James Patterson Team for MasterClass Project". The Hollywood Reporter. Retrieved February 17, 2019.
  4. ^ Holson, Laura (September 27, 2015). "How to Take a Class From Serena Williams and Usher". The New York Times. Retrieved February 17, 2019.
  5. ^ a b Spangler, Todd (February 23, 2016). "Startup MasterClass Raises $15 Million, Launches Kevin Spacey Acting Tutorial". Variety.
  6. ^ a b "MasterClass raises $80M after doubling sales last year". TechCrunch. September 6, 2018. Retrieved February 18, 2019.
  7. ^ Sawers, Paul (September 6, 2018). "MasterClass raises $80 million to bring celebrity mentors to the masses". VentureBeat. Retrieved February 18, 2019.
  8. ^ McCarvel, Nick (May 12, 2015). "Serena Williams helping tennis players reach their goals". USA TODAY. Retrieved February 17, 2019.
  9. ^ Spangler, Todd; Spangler, Todd (August 9, 2018). "Ken Burns to Launch Documentary Filmmaking Course Online With MasterClass". Variety. Retrieved February 18, 2019.
  10. ^ a b Rudin, David S. (January 16, 2019). "MasterClass sells the idea that successful people have something to teach you". Vox. Retrieved February 18, 2019.
  11. ^ Spangler, Todd; Spangler, Todd (April 20, 2017). "David Mamet to Teach Online Drama Writing Course". Variety. Retrieved February 17, 2019.
  12. ^ Hayes, Dade (October 31, 2017). "Kevin Spacey MasterClass Dropped From Online Instructional Video Hub". Deadline Hollywood. Retrieved April 1, 2018.
  13. ^ Chan, Tim (October 27, 2018). "Online Classes to Take If You Want to Make It in the Movie Business". Variety.

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