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|
Want to read the whole post?
You don't have access to this post on Startup Investing for All by Muhan Zhang at the moment, but if you upgrade your account you'll be able to see the whole thing, including comments, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.