Earlier quoted context omitted.
I did some back-of-the-envelope numbers on the one I came into contact with previously (also keep in mind this was 6 years ago now too!): 20-30x students per cohort who paid ~$20K upfront for a 12 week program. 20% signing fee (based on 1st year comp) from employer on placement. We definitely were not paying top of market as some of these students ended up at Uber and Facebook. That said the all in 1st year cost betw…
I've had a look at the books at a few different types of training style companies and the economics are always grim. It's one of those businesses where to the outsider, it's impossible to believe they're not spinning off unbelievable amounts of cash but they are always pretty marginal. As additional evidence for this, the number of 1B+ exits in this space can be counted on one hand. General Assembly, for example, was…
Are you thinking of Instructure? They're based in Salt Lake City, and Marketwatch gives their current market cap as $1.86B