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Shonak Roy

๐Ÿ‘ค Speaker
348 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So I think, you know, one thing about, so we are in this space called education technology.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

You know, think about education technology is more like healthcare technology.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

There is some initial hurdles to be able to launch a product in the market.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So if you think about it, like it's a highly regulated space, the technology that is being adopted has to comply by the existing regulations.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Like FERPA is a very well-known regulation.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

The other is ADA compliance.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

There are a lot of data security and compliance in place.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Even if you want to sell like five pieces of license per school, you have to be compliant in all of them, otherwise you can't sell.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So there are significant investments that are needed to be able to comply with those regulations in terms of product processes and how we support our clients.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

The other piece I would say is that there are also significant investments needed around studying the efficacy of any EdTech solution.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So if you think about healthcare, like if you're building a drug, if you're giving it to the patients, you need to know that what's the impact of the drug.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So especially in EdTech, if it's in classroom learning, it is important to know the impact of that technology to the students.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So we have done over 12 studies with our variety of partners and third parties to prove the value

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

the product before we could scale the technology.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

It's very hard to say.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

I don't have the number right now with me.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Okay.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

The average is definitely lower than $12.95.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Yeah.