Marketplace for people to sell and buy ISAs. Will ISAs grow to support higher ed hegemony, or will the hegemony break/go other ways?
|1. Fundraising Target?||$2000000|
|2. Fundraised So Far?||$394959|
|3. Pre-Money Valuation?||$12500000|
|4. Previous Year's Annual Revenue||$50000|
|5. Previous Year's Annual Burn||~$3501276|
The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)
|1. A startup that is based in SV?||****: Briarcliff Manor, NY|
|2. Has at least 2 founders?||True: Two|
|3. Has product in the market?||True:|
|4. 6 months of continuous user growth or 6 months of revenue?||True: 'Revenue has grown by over 165% from 2019 (April – December) to 2020 (through Q3). In 2019, Edly generated over $336,000 in revenue. Over 95% of revenue was generated from origination fees. In 2020 (through Q3), the company generated over $890,000 in revenue. Origination and warehouse incentive fees made up about 70% of total revenue.'|
|5. Notable investors?||****: Didn't see anyone I know|
|6. Post-funding, will have 18 months of runway?||****: Would need 2.4m for 18 months, only raising 2m and at present only $394k raised|
|1. Engineering?||2||Not sure why Edly is better than all other ISA programs|
|2. Timing?||2||Great time for income share agreements, though this gives me mixed feelings|
|3. Monopoly?||1||No, I have never heard of this company though I know coding bootcamps often offer ISAs https://www.meratas.com/blog/where-to-find-coding-bootcamp-income-share-agreement-fund-education|
|4. People?||2||Right finance background, not seeing too much startup background|
|5. Distribution?||2||Direct to consumer, though would need to partner with institutions who'd offer this|
|6. Durability?||1||What's to stop a school from offering their own ISA like coding bootcamps?|
|7. Secret?||2||ISAs are the future and instead of universities offering the financing, it'll be bank like|
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