I created a list of all the people who we knew who we thought would be good culture fits at Coursicle, then I reached out to all 70 of them to set up calls.
read more- How’s it going?/pleasantries.
- Order food.
- So how about we start by just giving you a history of Coursicle and then we can go from there?
- First, how much do you know about Coursicle/what exactly we do?
- Got it. So here’s the background:
- When Joe was an incoming freshmen…
- Notify feature…
- Growing quickly (900, 1800, etc.)
- Co-founder Tara solve other part of registration…
- 3 years, just UNC
- Try to sell to universities.
- Expand without working with them.
- Now we’re at yyy colleges and about xxx users, zzz revenue.
- The team is x people, but only y are full-time. We’re all developers who wear a lot of hats.
- Any questions about that?
- Why don’t you tell us about your trajectory and why you’re looking to leave?
- Current team
- Joe and Kiran full-time
- Two part-time student contractors
- Tara joining full-time in Spring
- So we’re looking to hire someone to help with:
- Building out new features.
- Scaling stuff.
- Our current challenges are:
- Scaling stuff. Overwhelmed with maintenance that we can't build.
- Our roadmap is:
- Below.
- Benefits:
- Stock
- 401(k)
- Unlimited PTO
- (upcoming) Health insurance
- How we get users
- Used to do a lot of posts, Reddit, etc.
- Now it’s very word of mouth and passive; course/professor pages.
- Competitors
- Basically none, lots of small ones.
- Goals/Mission:
- Improve graduation rates. Only 40% of college students graduate in 4 years. 60% in 6.
- Become primary reputable B2C edtech company in higher ed (Chegg, Course Hero, etc do some morally questionable things).
- Run only on revenue
- Have full gender equality at Coursicle (50% women in engineering, managerial roles, etc.)
- How we make money
- Premium purchases.
- Data sales.
- Running entirely on revenue. Will do about $250,000 this year.
- https://www.digitalocean.com/customers/coursicle
- https://www.coursicle.com/blog/loginless-a-new-standard-for-user-identification.php
- Stats:
- Top schools:
- UT Austin, UNC, UVA, Notre Dame, Smith, Wellesley, Harvard, NYU, W&M, GWU, Georgia Tech, Emory, UVA, Temple
- UA, SC, Clemson, UNC, UIUC, ASU, UCLA, VT
- Top schools:
- Stats:
- Unique visitors growing 400% YOY.
- 83k in Spring 2017
- 1.9m in Spring 2019
- Revenue growth:
- $16,000 in 2017.
- $250,000 in 2019.
- Unique visitors growing 400% YOY.