Before Udacity there was Khan Academy, started 2006 when Salman Khan posted videos of himself tutoring some of his relatives. It incorporated as a non-profit in 2008 and received big grants from Google and the Gates Foundation in 2010.
Khan's vision is free education for all the world through massive online open courses (MOOC's), a leveling force for opportunity. Courses are free, and for a sense of achievement (probably important) there are "badges" to earn. Parents, coaches and teachers can track, measure and verify those achievements.
Watch this TED Talk in which Khan explains that, "If Isaac Newton had done youtube videos on calculus, I wouldn't have to!" Bill Gates has some comments at the end, and calls it "the future of education."
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