Abbas: Acadium sparked after receiving 100+ unpaid intern applications
“We were actually hiring An intern for another project we were working on and we had like over a hundred applicants. Nobody had experience and they needed experience. So they would come and volunteer to work with our company.”
Abbas: Manual Matching for Apprenticeships Was Unsustainable Despite Validated Demand
“It was a tremendous amount of matching effort to actually get them matched with each other for something that is, you know, relatively low value and should be low touch point. So it just wasn't worth the effort in a way because of the way we were doing it manu…”
Abbas: Decent conversion on a poor landing page validates real demand
“If the conversions are not good, but they're decent, that's totally fine because you know you can improve conversions by building a better product and a better website and better marketing. So if it converts with the shitty ass landing page, you know that you'…”
Abbas: Startup focus is overrated when testing multiple product iterations
“So yes, focus is important. It's a bit overrated in a way, But not, there's some things you absolutely need to focus on. Like one vertical made a lot of sense, but you know, focusing on multiple product iterations that could also really work for you because it…”
Acadium apprentices work 120 unpaid hours while businesses pay platform fees
“And in exchange for mentorship, They get help from their apprentice. 10 hours a week for three months. It's a 120 hour relationship. And it's totally affordable for businesses. They pay a fee to use the marketplace. They can get one or multiple apprentices. Th…”
Acadium has over 70,000 apprentices on its platform
“So we have over 70,000 apprentices on our platform.”
Abbas personally signed Acadium's first 300 business customers via Facebook groups
“And I ended up signing the first 300 businesses myself, just really hustling in Facebook groups.”
Acadium generates approximately $200,000 in monthly revenue
“It would be around 200,000 dollars in revenue.”
Abbas cut Acadium's management layers after rapid growth slowed execution speed
“There was a time where, when we were growing very quickly in 2019, and we grew the team to, we had a few different, we had a management team, and it became really, really slow, actually. And that was a bad, that was just a bad thing in general for a startup, i…”
Abbas claims reading Dune provides valuable long-term perspective for business leaders
“The benefit of Dune is the time horizon. You know, the saga spans over about, over 5000 years. So it really gives you a long-term perspective on things. And I find that to be tremendously valuable in business.”