After 17 Years, Education Platform Lynda.com Raises Its First Round Of Funding, $103M From Accel & Spectrum

Back in May, we shared the unique story of Lynda.com, the veteran, video-based education platform, and how it was able to generate $70 million in revenue in 2011 without taking a penny from outside investors. Since then, it's continued chugging along, growing revenue to $100 million in 2012. Founded in 1995 by husband-and-wife team Bruce Heavin and Lynda Weinman, in the Facebook and Instagram Era, Lynda.com is not your typical tech startup. Compared to its competition, the company is ancient. It's eschewed venture capital, was founded (and is still led) by a happily married couple, is subscription based, has been profitable for 15 years and is based in a small town in Southern California -- not in Silicon Valley, New York or Los Angeles.

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