You may not have heard of 2U, but you’ve likely heard of the universities that it counts as partners: Berkeley, Georgetown, Yale, and nearly a dozen more. The public company’s model is deceptively simple—recruiting qualified graduate students for degrees in fields like business and nursing, and then delivering an online learning experience that justifies offline-level prices. In contrast to MOOCs (Massive Open Online Courses), the average 2U program has a class size of 12, and a “no back row” instructional policy. Graduation rates hover in the mid-80s and more than 21,000 students have enrolled to date. In 2016, it continued adding top-level university partnerships, and developed a new program selection algorithm that can predict whether the program will be a success for the company or the college. Revenue for Q3 2016 was $52 million, an increase of 40% year-over-year.