Everything Adam Metcalf said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Metcalf: Student-facing EdTech software built for colleges first will fail
“The challenge in higher ed is that most people that have Ed tech companies, they build technology for the college first, and then they try to repurpose that technology for the students. And that's disastrous because Gen Z will absolutely eviscerate you, right?…”
Metcalf: In hindsight, I would not have raised venture capital
“If I could go back in time, if I had the money, I would actually not raise money because raising capital, I think makes sense in certain environments when you're trying to like move things forward at a quick pace.”
Metcalf: ZeeMee users apply at 2x and yield at 4x normal rates
“Students that connect in ZME on the app Within the context of a given university or college, they end up applying at twice the rate of students that don't use the app, and they end up yielding roughly around four times the rate of students that don't use or co…”
Metcalf: Colleges Commonly Experience 25% Annual Student Non-Retention Rates
“Oh, there's schools today where they're seeing they're up to 50% of students are not retaining in a given year, right? Very common to see 25%. Not retained. So retention is a massive problem for a lot of colleges and institutions.”
Metcalf: 2021 EdTech multiples reached unsustainable 10x to 12x revenue
“If you look at in multiples of 2021, there were companies in our space pulling down 10, 12 X multiples on revenue. And then they had these super inflated evaluations that they couldn't catch up to.”
Metcalf: ZeeMee grew substantially more after he scaled back his hours
“That's what doesn't add up is that actually it's a multiplying effect on the business. It wasn't actually until I paired back In 2018 and decided actually to stop working as much as I was. And of course we had Vanessa coming at that time and we had an amazing …”
Metcalf: ZeeMee holds over 90% client retention rate
“It has over a 90% retention rate with our existing client base.”
Metcalf: ZeeMee is launching AI-hosted live chat events for colleges
“And so we're launching AI chat events where the students at college don't actually have to run the event or the counselors don't have to run the event. The AI can run the event for you.”
Metcalf: ZeeMee avoided high valuations and is cash-flow positive
“I'm just glad at this point we're not, we didn't take a high valuation. We didn't obviously raise capital on a high valuation and we're cashflow positive.”
Metcalf: ZeeMee reached 230 college partners
“Yeah, we had 230.”
Metcalf: ZeeMee employs about 40 people
“There's about 40 of us today.”