Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

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

Yes.

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

So that's a good point.

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

So just a couple of other things to mention here is the $12.95 is for per course.

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

A course can run between three and four months.

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

So that's one price you pay for the entire users in that particular course.

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

So it's not by month.

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

it could be for six months most courses are for three months four months um so that's how we price it because you know if a student buys it for a course and if we charge them per month so this one they have access next month for whatever reason they can't pay for it it's not fair to them not to have access to that platform yeah for that particular course so we pay for the entire course so they pay for the entire course to adopt the technology um the other thing to keep in mind is that um you know it's also um you know when students are when we when i say 200 000 users i mean

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

These students, they will take one course in the fall, maybe one course in the spring, or they might take one or two courses in the year.

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

So there's a lot of variety here.

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

So essentially it's not that they are using in every month.

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

So depending on where they're taking courses, they're using our technology and they're paying for it.

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

So that's another thing to point out.

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

So we launched the product in 2019.

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

I think we'd have hit a million revenue in 2020.

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

This year we would do, actually, you know what, I'm not going to share the numbers right now for a few reasons, but we are going to do pretty well this year because the market is pretty hot right now for ed tech.

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

Schools are looking for these kinds of products in the market.

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

It's a great question.

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

So for us, the way we look at the business is adoption in a particular course.

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

So let's say a university wants to just try us and they launch us into a set of courses and we get paid for that.

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

I mean, that is something what we call is courseware revenue.