Lynda Weinman Net Worth 2024

What is Lynda Weinman’s Net Worth and Salary?

Lynda Weinman is an American businesswoman, particular results animator, educator, and writer who has a net worth of $350 million. With her husband, she based the influential on-line software program coaching web site Lynda.com, which was acquired by the web enterprise community LinkedIn in 2015 for $1.5 billion. Weinman has a background within the movie trade, and has taught multimedia lessons at such faculties as UCLA, the American Film Institute, and San Francisco State University.

Lynda was an online design instructor and in 1993 she was on the lookout for a ebook her college students may use as a reference. All she discovered have been technical guides that have been too difficult for the typical individual or a newbie to grasp. So, what did she do? She went out and wrote that ebook, Designing Web Graphics, herself. It was immediately fashionable. Around the identical time, she received an e mail from the e-mail deal with [email protected] and questioned if the area identify Lynda was obtainable. It was. She purchased it for $35 and used the web site as a strategy to talk along with her college students and readers. Two many years later, in 2015, LinkedIn purchased Lynda.com for $1.5 billion in money and inventory.

Early Life and Education

Lynda Weinman was born on January 24, 1955 in Los Angeles, California. For her increased training, she attended the Evergreen State College in Olympia, Washington, graduating in 1976.

Career within the Film Industry

Having taught herself the best way to use an Apple II laptop, Weinman started doing particular results animation for numerous main movement footage. She labored for Dreamquest and likewise did impartial contract gigs, lending her expertise to such movies as “Bill & Ted’s Excellent Adventure,” “Star Trek V: The Final Frontier,” and “RoboCop 2.”

Career in Academia

From 1989 to 1996, Weinman taught digital media and movement graphics programs at ArtworkCenter College of Design in Pasadena, California. She has additionally taught numerous multimedia lessons at UCLA, the American Film Institute, and San Francisco State University.

Lynda.com

After the success of her ebook, her husband and cofounder Bruce Heavin received the thought to lease a pc lab at a highschool over spring break and to supply per week lengthy net design class. They marketed the category on Lynda.com and weren’t positive anybody would have an interest. The class bought out and college students flew in from as distant as Vienna to take her class.

Those seven-day workshops quickly turned Weinman and Heavin’s bread and butter. They took $20,000 of ebook royalties to discovered their net design college. Their coaching packages bought out months prematurely. They needed to flip prospects away. They grew the net design college to a enterprise with $3.5 million in income and 35 staff. Then, in 2001, the dot com crash and 9/11 occurred and curiosity in studying net design fell off. Weinman needed to lay off 75% of her workers. She had solely 9 staff remaining. Weinman and Heavin downsized their house and gave up a few of their classroom leases with a view to keep afloat. That is once they got here up with the thought to place their enterprise on-line.

In 2001 Lynda.com put up a pay wall and bought a $25 month-to-month subscription service. Not too many individuals signed up. With solely about 1,000 subscribers to start out, Lynda.com was barely surviving. Weinman knew that constructing a web based member base would take time. The first couple of years membership doubled annually. By 2006, it had grown tenfold. When Lynda.com reached 100,000 subscribers, Weinman took all 150 of her staff and their households to Disneyland to have fun.

Weinman needed a family really feel at Lynda.com. It received tougher to know each worker by identify as her firm grew to greater than 500 staff. In 2007, she introduced in a CEO to assist run the enterprise higher.

In early 2013, the corporate acquired $103 million in enterprise capital funding led by Spectrum Equity and Accel Partners. Lynda.com went on to accumulate the net firms video2brain and Compilr. In early 2015, it introduced that it had raised $186 million in financing, led by TPG Capital.

Massive open on-line programs (MOOCs) seemed like they may threaten Lynda.com’s enterprise. She held her floor and continued to supply extra programs and topics. She began with 20 on-line video programs almost twenty years in the past. Now Lynda.com gives 6,300 programs and greater than 267,000 video tutorials. By providing a library of programs and movies turned out to be simply the factor that stored Lynda.com from being categorized as a MOOC.

The web site steadily developed through the years, ultimately turning into a subscription-based useful resource for on-line software program coaching. Members of Lynda.com may take software program and different know-how programs in areas similar to animation, audio, design, pictures, and residential computing.

When Weinman heard that LinkedIn was enthusiastic about buying her firm she was shocked. She and her husband weren’t on the lookout for a purchaser and she or he felt removed from prepared for retirement. The extra she considered it, nonetheless, the extra it made sense. Both web sites have been assets for individuals attempting to advance their careers.

Lynda.com was acquired by the web enterprise community LinkedIn for $1.5 billion. The web site was in the end folded into LinkedIn and renamed LinkedIn Learning.

Other Business Endeavors

In 1999, Weinman and her husband based the Ojai Digital Arts Center in Ojai, California. Also that yr, Weinman’s firm Lynda.com partnered with United Digital Artists Productions to launch the Flashforward conferences and the Flash Film Festival. The first occasion centered on the Macromedia Flash software program, the Flashforward conferences have been held in cities all over the world. The Film Festival, in the meantime, offered over 200 awards to Flash websites and purposes.

Among her different enterprise endeavors, Weinman has served on some boards, together with these of the Santa Barbara International Film Festival; the botanical backyard Lotusland; AIGA National; and the Evergreen State College Foundation.

Books

Weinman has authored or co-authored 16 books and numerous journal articles through the years centered on totally different points of net graphics. Her first launch, “Designing Web Graphics,” got here out in 1996. Other titles embody “Preparing Web Graphics,” “Creative HTML Design,” and “Adobe After Effects 7: Hands-On Training.”

Honors and Awards

As an educator and businesswoman, Weinman has been the recipient of a number of honors. In 1997, she acquired ArtworkCenter College of Design’s Great Teacher Award, and in 2000 earned the GirlGeeks Golden Horn-Rims Award. Later, in 2010, Weinman was a finalist for Ernst & Young’s Entrepreneur of the Year Regional Award. The following yr, she acquired the Women of Achievement Award from the Santa Barbara chapter of the Association for Women in Communications.

Personal Life & Real Estate

Weinman is married to Bruce Heavin. The two are energetic in philanthropy, and have contributed to scholarships and an ongoing endowment at ArtworkCenter College of Design. Elsewhere, Weinman is the benefactor and namesake of the Lynda Lab, an experimental results lab within the Center for Creative and Applied Media at her alma mater of the Evergreen State College.

Today, Lynda Weinman makes considerably of a passion of shopping for and promoting properties. She picked up her mansion within the prestigious Bird Streets neighborhood of Los Angeles in 2016 for $27 million.

A critical artwork lover, Lynda’s success allowed her to amass a world class artwork assortment, which hangs throughout her mansion above the Sunset Strip. Her neighbors embody Leonardo DiCaprio, the mansion of the late Stan Lee, Walmart heiress Sybil Robson Orr, and the infamous fugitive Jho Low. This property is only one in Lynda’s greater than $70 million property portfolio. She additionally owns an oceanfront house in Carpinteria, California that she purchased for $19 million in 2015 from Dennis Miller. Her neighbors there embody George Lucas, Ellen DeGeneres and Portia de Rossi, and Ashton Kutcher and Mila Kunis. Weinman additionally owns a 4 acre vacant property in Montecito not removed from Oprah’s home. She purchased the land in 2015 for $13.4 million and constructed an enormous customized compound.

She is president of the Santa Barbara International Film Festival. She is a serious artwork lover and collector. And, enjoyable reality, her greatest buddy courting all the best way again to her college days at Evergreen State College is The Simpsons creator Matt Groening.