Congrats to Codecademy. I hope they spend it wisely on fulfilling their promise that "Codecademy is the easiest way to learn how to code."
I'm a bit worried about what might happen to all these young potential coders if the marketing doesn't deliver as promised.
Meanwhile, I'd like to propose a much humbler effort which is not intended to compete by any means with codecademy:
We run a little anti-school from our Brooklyn loft. We call it Kitchen Table Coders [1] because we only allow as many people who can fit around our kitchen table. Every weekend we pick a topic that we're excited about and carve out some time to teach it to others.
(btw - we're not a startup nor do we wish to be. If you'd like to start a Kitchen-Table-Coders session in your town, please do. We'll help you get started.)