Everything Joan Manuel Sanchez said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Sanchez plans to bootstrap future startups to avoid venture capital pressure
“Maybe in the future, if I create more startups, which I will, I would rather go to the bootstrapping and doing it myself rather than raising money and having that, you know, Strong metrics to be met constantly, and that big backpack, backpacking your shoulder …”
Studia could have reached $1M revenue by hiring five to ten people
“And we could have just continued You know, scaling it up. We just hiring five, 10 people in specific markets could very fast, like, you know, become a million dollar revenue business.”
Sanchez validated Studia spending just one dollar daily on Facebook ads
“And then I just invested one Dollar a day in Facebook ads for two markets. So one for Kenya, one for Nigeria. That's all I invested.”
Sanchez: Studia received an acquisition LOI within one month on Acquire.com
“So we read our profile. That was 10 minutes with the basic stuff. And we left it there. We left it there for a month. We were getting NDAs, people interested, some questions here or there, but it was actually one month until we got the letter of intent which w…”
Studia generated $4,000 to $5,000 in B2B revenue per student placed
“Because at the end we're not B to C, but we're B to B. We get the money from the universities and we get the money from the financial partners. So the average deal size more or less is around four to 5000 dollars per student. We actually place abroad that's pa…”
Sanchez: Studia received over 80 NDAs within 30 days on Acquire.com
“Over 80 NDAs I got in a time period of 30 days”
Sanchez's current startup Educately raised over $2M and scaled to 50 employees
“Which is called Educately. Still running it. I'm still the chief revenue officer of the company. We raised over two million dollars in that one. I was still scaling it, a team of 50, going very well.”
Studia helped African students access and finance US higher education
“What we created is basically an agency. It's nothing extremely disruptive. It's an agency for helping students mainly from Africa to pursue their higher education in the U S completely financed.”
Studia partnered with North American universities and lenders for STEM degrees
“What we did is partner with a lot of universities in the US and Canada and partnering with a couple of financial institutions that were going, going to help through student loans for these students from Africa and some countries in Asia to pursue their master'…”
Studia's 40-day acquisition process took longer than securing the LOI
“The acquisition process lasted 40 days. It was longer the acquisition process than actually the listing process itself.”
ACQUISITION STORIESLEDGER