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  • Code Academy raises $2.5 Million for Free Coding Lessons for Aspiring Entrepreneurs

    November 2nd, 2011 2 comments

    Code Academy, the Chicago-based coding company, has recently announced the end of a first round of funding which has brought the company the amount of $2.5 million. This funding round has been led by Union Square Ventures, O’Reilly, SV Angel, Yuri Milner, Social+ Capital Partnership, Thrive Capital, CrunchFund, Collaborative Fund, Founder Collective, Joshua Schacter, Vivi Nevo, Naval Ravikant and others.

    Code Academy is a site which provides computer programming lessons by the means of tutorials. The fun part of the process is that the site also displays a progress bar which indicates how much of the course you have completed and which provides you reward badges. These lessons can be accessed by anyone as they are completely free and, by now, they have been accessed by 600K persons.

    The company has been founded by Zachary Sims and Ryan Bubinski, who started in Y-Combinator. At the beginning, the site was destined to be used by programmers who are looking for a job and who are willing to pas tests and basic programming challenges in order to get them. Afterwards, they have decided to also provide tutorials in order to first teach the persons the basics of programming in order for them to find it easier afterwards to find jobs. This has been a rather simple business project as this concept brought them traffic and pushed them into the first class recruiting team, which brought them lots of money.

    The company has been launched in August 2011, but it had quickly managed to gather more than 550.000 users who have completed more than six million exercises. Sims, one of the founders of the company, stated that most of the users do more than just peruse the site; they actually spend lots of time in completing the exercises. He than added that: “These days, everyone wants to be an entrepreneur.”

    The level of the exercises which can be done on Code Academy is medium. Actually, Sims admits that a person who exercises on their site will not able, after the completion of the learning stage, to build something as big and important as Twitter of Gilt, but they will be able to manage to build interesting internet pages and software. Actually, the company intends to add to its collection of courses some new lessons which are to be obtained by the means of crowdsourcing from the Web. By this point, there are more than 800 developers who have summated sample lessons which the entrepreneurs at Code Academy hope to add to their classes’ collection quite soon. Another project they are working on is that of adding a diverse catalogue of languages which will attract an international interest for the site.

    Sims has stated that the company intends to always keep these lessons for free. He said that it is possible for the company to charge some fees but only for the new elements they want to add to the site, that which will allow newly schooled programmers to connect with companies which are looking for developers. He has stated the following: “Eventually anyone who wants to learn will be able to on the site. In 20 years, programming will be just another blue-collar job or related to almost every major employment field.”

 

2 responses to “Code Academy raises $2.5 Million for Free Coding Lessons for Aspiring Entrepreneurs” RSS icon

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