Coursera is an educational for-profit company founded by professors Andrew Ng and Daphne Koller from Stanford University, located in Mountain View, California. It has recently received $16 million of Series A venture capital from L. John Doerr at Kleiner, Perkins, Caufield & Byers and Scott Sandell of New Enterprise Associates Coursera says it is "committed to making the best education in the world freely available to any person who seeks it". The business model has not been made public, but John Doerr has suggested that people will pay for "valuable, premium services". Coursera was launched shortly after Udacity -- a similar venture by former Stanford Professor Sebastian Thrun, and shortly before edX, a similar not-for-profit initiative by MIT and Harvard.
Contributions by Captain Conundrum, Fred Bauder, and Hsimon86.