Tech veteran Dorsey takes a seat on Lesson.ly's board

June 21, 2016

High Alpha Studio managing partner Scott Dorsey has invested in dozens of local companies, but he only has been sitting on the boards of two—High Alpha and sales-software firm TinderBox Inc.

On Monday afternoon, he announced that he's joined the board of a third company—employee-training-software outfit Lesson.ly Inc.

"I invested personally in Lesson.ly back in November 2014," Dorsey said in an email Tuesday. "Since then, I have really enjoyed mentoring [CEO Max Yoder] and watching him and the business grow—they are poised to transform the entire category of learning automation."

Lesson.ly was founded in 2012 and began generating revenue in the spring of 2013. The private company doesn't disclose revenue, but Yoder said sales grew 300 percent from 2014 to 2015, and he expects revenue to triple from 2015 to 2016.

It employs 34 at its downtown hub at 407 Fulton St., up from 17 at the end of last year.

Lesson.ly in March closed a $5 million venture-capital round led by OpenView Partners, a Boston-based firm that previously invested in ExactTarget Inc.

Dorsey—the former ExactTarget CEO who steered it to a $2.5 billion acquisition by Salesforce.com Inc. in 2013—facilitated the connection between OpenView and Lesson.ly.

Outside of the corporate world, Dorsey also has roles on several not-for-profit and education boards:

— Indiana Sports Corp. chairman;

— Nextech (formerly ExactTarget Foundation) chairman;

— Techpoint executive committee;

— IU School of Informatics and Computing, Dean’s Advisory Council;

—  Kellogg School of Management at Northwestern University, Dean’s Global Advisory Board;

—  Central Indiana Corporate Partnership, board member emeritus.


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