MasterClass was founded by David Rogier while a student at
Stanford University, originally under the name "Yanka Industries". Rogier, who continues to serve as
chief executive officer (CEO), asked Aaron Rasmussen to join the company as a co-founder and
chief technology officer; Rasmussen would also serve as
creative director, before leaving in January 2017. MasterClass launched in 2015 with three instructors, and twelve classes were added in 2017. In late 2017, an acting class given by
Kevin Spacey was removed after multiple sexual assault allegations were publicly made against the actor. By late 2018 MasterClass had about 50 classes and 1,000 lessons. Support for mobile devices was first added in April 2018. This was followed by $15 million in funding announced in 2016, and $80 million in 2018. In May 2020, MasterClass raised $100 million in a Series E funding round led by
Fidelity Investments, bringing total funding to approximately $240 million. In May 2021, the company received $225 million in a Series F round, giving it a $2.75 billion valuation according to
CNBC reporting. In June 2022, the company laid off 20% of its staff, citing the worsening macroeconomic environment. ==Classes==