Versity
company on 2 shows · 4 statements across 1 episodes · said 14 times in 2 episodes since 2021
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How I Built This 13
20VC 1
2023 13 mentions in 1 episode
every mention on every show, scene by scene, with the transcript →
4 statements about Versity, every show
Versity raised a $1M friends and family round during college
“Well, we raised first a C like friends and family rounds. We raised money from people we knew and Kevin participated and a few other folks like that. And that was while we were still full-time students, we raised about, if I remember, a million dollars.”
Versity raised an $11M venture round while its founders were undergrads
“Again, we're still basically full-time students, and we raised, I think, eleven million dollars.”
Jeff Lawson says Versity generated only $26,000 in lifetime revenue
“And in the course of that, we made a total of about 26,000 dollars of revenue in the lifetime of the company.”
Versity acquired users for $1 compared to CollegeClub's $50 CAC
“And I think they were paying like when they took their whole marketing spend and they divided it by the users, they were paying something like 50 dollars to acquire a customer. And so, that's a lot of money. And when you took the entire cost of operating our b…”