Everything David Dabachnikov said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Dabachnikov: ScholarshipOwl Approved for $1.3M in Financing, Drew $300K
“We got approved to 1.3 million out of which we at this point we took only 300,000.”
Dabachnikov: ScholarshipOwl has an email list of 6 million subscribers
“Six million.”
ScholarshipOwl employs zero sales reps and does not do enterprise sales
“In sales, we don't have any. We don't do enterprise sales or anything like that today, so.”
Dabachnikov: ScholarshipOwl spends $50 to acquire a $15/month customer
“It cost me today 50 dollars.”
Dabachnikov: ScholarshipOwl subscribers stay seven to eight months on average
“They stay seven to eight months in most cases.”
Dabachnikov: Scaling before nailing unit economics was ScholarshipOwl's major mistake
“Oh, 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.”
ScholarshipOwl bootstrapped until taking revenue-based funding in January 2021
“So until, until now we never took any external funding only in January this year we took revenue based funding in order to accelerate our growth.”
ScholarshipOwl approved for $1.3M in revenue financing, drew down $300K
“We took we got approved to 1.3 million out of which we, at this point we took only 300,000.”
ScholarshipOwl started as an informational blog before launching SaaS product
“Our product didn't start as a SaaS product. It started actually as a blog and content related to scholarship space itself. So that kind of got a bit of traction. And on top of that, the product started being built.”
Dabachnikov: ScholarshipOwl operates with zero dedicated sales staff
“In sales, we don't have any. We don't do enterprise sales or anything like that today, so.”
Dabachnikov: ScholarshipOwl originated as a scholarship blog before becoming SaaS
“So the story is that our product didn't start as a SaaS product. It started actually as a blog and content related to scholarship space itself.”
ScholarshipOwl employs almost 50 people
“Today we're almost 50 people.”