While YouVersion is on the radar of Silicon Valley investors, it’s a deal their funds can’t touch. YouVersion is part of the church, so it’s set up as a non-profit that doesn’t generate revenue or have exit plans. It’s funded entirely by donations, $3 million was donated to sustain the app last year, and by LifeChurch.tv, which has poured $20 million into it.
This is just the sort of thing that education needs: a well funded non-profit dedicated only to producing top quality educational materials. What the edu space needs right now is more non-profit thinking and less venture capital money.