Sramana Mitra: From the end user’s perspective, is the end user using your platform largely in a web self-service mode? What percentage of that user uses self-service versus a tutor assisted usage? Andrew Grauer: It’s probably going to be something like 70% to 80% self-service. Sramana Mitra: I’m trying to gauge how big the tutoring
Sramana Mitra: You were doing college level courses? Andrew Grauer: Yes, we focused on US colleges. Then, we expanded internationally as well and now we’re just starting to go into high school. Sramana Mitra: Within those colleges, was there any bias in terms of courses?
Sramana Mitra: That’s actually great. We love these stories of student entrepreneurs who didn’t drop out. Going back to the subscription model, how did the revenue ramp? Andrew Grauer: It ramped really well in terms of growth rate but we were starting on a really small figure. I don’t remember the specifics. I do know
Sramana Mitra: Explain to me the value proposition of your concept. Andrew Grauer: The best way to understand it is to think about tutoring. The first version of this was a content version of tutoring – getting supplemental help for people to learn and succeed effectively in their specific course at their school. We really
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. We love student entrepreneurs who have managed to not only build successful businesses but have done so without dropping out of school. We also love entrepreneurs who have the discipline to get to a strong and sustainable monetization model early on in their evolution. Andrew Grauer