Notes from the PluralSight S1 Filing (original filing: Registration Statement On Form S-1)
Key phrases:
- committed to closing the global technology skills gap.
- Learners on our platform can quickly acquire today’s most valuable technology skills through high-quality learning experiences delivered by subject-matter experts, available on any device at any time
- technology leaders now see us as their “supply chain for intellectual property.”
- We empower the people who power businesses by democratizing professional technology learning and enabling businesses around the world to drive innovation through a smarter workforce.
- We are disrupting traditional skill development models to provide people the skill development they need, when they need it, because learning should not be confined to a classroom, a “one size fits all” curriculum, or to a select minority of people.
- According to a study by the Economist Intelligence Unit, 94% of executives cite a “moderate” or “severe” digital skills gap in their businesses, and a survey by Tech Pro Research indicates 59% of IT employees worry that their current skills will become obsolete. To counter this trend, businesses are focused on improving technology skill development and increasing its efficacy.
- The way content is created and delivered impacts the effectiveness on the learner
- Short segments of digestible content to hold attention;
- Use of visuals to target one of the four forms of learning styles (visual, auditory, written, and kinesthetic)
- Learning from other people
- Delivery of content by subject-matter experts with relevant experience
- Information delivered when it is most useful
- Subject matter that is relatable to an individual.
Financial Snapshot:
- December 31, 2016 and 2017, our revenue was $131.8 million. Net loss $20.6 million
- December 31, 2017 revenue $166.8 million, net loss $96.5 million
PluralSight Platform
- Skill Assessment: What program should you take?
- Course library: 6,500 on-demand and online courses
- Learning paths: Take users through a series of courses designed to master a specific subject area
- Business Analytics: Enable business customers to evaluate the technology skills of their teams
To get to course creation: idea to course, 6 months.