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David Dobochnikov

๐Ÿ‘ค Speaker
114 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

We don't do enterprise sales or anything like that today.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

Email list, yes.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

Content writers, we work mostly with external content writers, like freelancers that we work with for a long while.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

But social media, email content, brand awareness and planning, all those kind of like product side of the marketing as well.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

So our monthly churn at the moment is about 12%.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

So yeah, it's pretty high.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

A large part of that is because our business is extremely seasonal as well.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

The students do not have all the time in the year to apply to scholarships and all of that, and it's basically labor-intensive work for them, even with the tools that we provide them to make it easier.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

So the majority of our time comes from that.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

It costs me today $50.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

Got it.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

Yeah.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

they stay seven to eight months in most cases.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

Okay.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

So we do it to scale.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

The thing is that one of the big mistakes we've done in the history of the company is basically we started scaling before we fully nailed our unit economics.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

And in a way we kind of woke up too late for that and we dedicated 2020 into fixing that.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

And we are now in a much better place than we were two years ago, but still not where we want to be.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

And a large part of our roadmap this year is actually dedicated to further fixing it.

SaaS Interviews with CEOs, Startups, Founders
ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

What's my favorite business book?