Everything David Dabachnikov said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Scaled bootstrappers should reject VCs who offer only capital
“We come from a point of strength when we say, well, this is what we did with no VC funding. We know we can scale it a lot more. Now, are you as an investor going to bring us value as a strategic investor or like to your connections or your knowledge and so on?…”
ScholarshipOwl scaled before nailing unit economics and spent 2020 fixing it
“The thing is that one of the big mistakes we've done in the history of the company is basically we started scaling before we fully nailed our unit economics. And in a way we kind of woke up too late for that. And we dedicated 20 20 into fixing that.”
Dabachnikov: Students Need Scholarships More During College Than in High School
“The common misconception is that students need scholarships only when they're just applying to college. But the reality is that students actually need scholarships more in the first year of college and the second year than in high school, because many of the f…”
Dabachnikov: Revenue-based financing restricts risk-taking and business model experimentation
“When you take revenue-based financing, you basically start from the beginning to think how you're going to repay that. So basically you're locked into using most of the revenue-based financing in order to generate growth on your existing model instead of kind …”
Dabachnikov: Students need scholarships more during college than high school
“The common misconception is that students need scholarships only when they're just applying to college, but the reality is that students actually need scholarships more in the first year of college and the second year than in high school, because many of the f…”
Scholarship Owl adds over 150,000 student signups per month
“So it's like, we're talking about at this point, a scholarship pile has over a 150,000 students college bound Gen Z's basically every month.”
Samsung and BetterHelp are Scholarship Owl customers
“So Samsung, Samsung is a customer of ours. We work with better help. We work with quite a few big companies.”
Scholarship Owl charges brands $1.20 to $30 per student application
“So it kind of ranges roughly between, like dollar 20 to 30 dollars per application, depends on, on various metrics and so on.”
Scholarship Owl has 50 monthly and 400 annual brand clients
“So on a monthly basis, we're talking about 50 brands, but on a yearly basis, it goes like to 400 cause like some of them are seasonal, some of them are throughout the whole year depends on the goals that the brand is trying to achieve.”
Scholarship Owl charges students $15 monthly for premium tools
“They pay 15 dollars a month for the usage of the overall premium features.”
Scholarship Owl has roughly 20,000 paying premium students
“We have around 20,000 students now on the premium.”
Scholarship Owl generated $6M in total 2023 revenue
“So I can say the total revenue of last year was six million in total.”
Scholarship Owl's founders retain 100% equity ownership
“Me and my partners own a hundred percent of the business”
Scholarship Owl took $300k in non-dilutive capital from FounderPath
“Last time we took 300,000 and we plan to take another a hundred to a 150,000 actually in the next few weeks.”
Brands should never require essays for scholarship campaigns
“If the brand wants to run a scholarship with an essay, which we don't recommend ever, don't run essays because nobody likes to review them and nobody likes to write them.”
Dabachnikov: ScholarshipOwl Has 15,000 Paying Customers and 1.5 Million Users
“We have today 15,000 paying customers and about 1.5 million users in general.”
Dabachnikov: ScholarshipOwl Generates Over $220,000 Monthly Revenue
“So with some partnerships and other things you know, with some B to B partnerships as well, we do a bit more than that.”
Dabachnikov: ScholarshipOwl finished 2020 with $4 million in revenue
“20 20, we finished with four million.”
Dabachnikov: ScholarshipOwl's email list reached 6 million subscribers
“That's six million.”
ScholarshipOwl's CAC for $15/month customers is $50
“It cost me today 50 dollars.”
Dabachnikov: ScholarshipOwl customers retain for 7 to 8 months
“They stay seven to eight months in most cases.”
ScholarshipOwl counts 15,000 paying subscribers and 1.5 million total users
“We have today 15,000 paying customers. And about 1.5 million users in general.”
Dabachnikov: ScholarshipOwl generates over $220,000 monthly revenue
“So with some partnerships and other things you know, with some B to B partnerships as well, we do a bit more than that.”
Dabachnikov: ScholarshipOwl Finished 2020 with $4M in Revenue
“When it went to 20 20, we finished with four million.”