Everything Julian Alvarez said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Alvarez: There are no significant technological moats in generative AI
“So, there isn't, like, crazy motes in Gen.AI.”
Alvarez: Jungle experiences 12% churn in-semester and 19% in summer
“So the churn on our paid subscription is 12% during a semester, and then around 19% during seasonality moments like summer.”
Alvarez: ChatGPT helps Jungle by increasing student awareness of AI study tools
“I think something like ChatGPT helps us more than it hurts us, because it makes people more aware of AI and its capabilities, and it leads people to search more like AI sort of generated questions, flashcards, stuff like that.”
Julian Alvarez: Jungle has 180K MAUs and 4 months of profitability
“So we're at a 180,000 monthly active users. We are approaching a million dollars in ARR, and we've been net profitable for the last four months.”
Alvarez: In education, test prep captures the most money
“It's like education. It's hard to make money, but where the most money usually goes is to test prep.”
Alvarez: Jungle targets reaching $8M ARR within the next year
“In the next year, we want to get to eight million ARR, pretty ambitious, 10 X-ing, basically.”
Alvarez: Jungle spent $105K to make $108K over three months
“In the last three months, we've spent a 105,000 dollars to make a 108,000 dollars.”
Julian Alvarez: Jungle is raising a $2M round
“We're raising two million dollars to transform the future of learning and unlock the potential of every individual.”
Alvarez: Effective education requires habit-building over traditional learning methods
“I do think in how it happens in education, traditionally, there's a lot wrong with it, but it's not just about being a good learner and doing well in school. It's about like, how do I build the good habits that I need to be a good human and show up consistentl…”
Alvarez: Quizlet reached a billion-dollar valuation almost entirely through flashcards
“Quizlet is like over a billion dollars, and they did it almost entirely on just flashcards, which is pretty crazy.”
Alvarez: Jungle's creator program generated 76M views in three months
“In three months, we've gotten seventy-six million views from that program alone.”
Alvarez: Jungle achieved 102% ROAS on Google Ads over three months
“In the last three months, we've spent a 105,000 dollars to make a 108,000 dollars. So a 102% ROAS on Google Ads.”
Alvarez: Jungle gained 144K December signups, 40% from word-of-mouth
“We had a hundred 44,000 people sign up in December, and 40% of those people came through word of mouth.”
Alvarez: 40% of Jungle Customers Choose Annual Plans
“30 to 40% of people get the higher seeded plan, and 40% of people get an annual plan, which gives us a lot more revenue upfront.”
Alvarez: Jungle users answer an average of 60 questions per week
“The other core metric we look at is the average number of questions answered per user per week. This number is currently at 60, by the way.”
Alvarez: Jungle grew power users from 11k to 21k month-over-month
“The last metric we look at that really matters to our success is the number of power users we have every month, which we define as someone that answers a hundred questions or more. Currently, in December, that number was 21,000. The month before, it was at 11,…”
Alvarez: Jungle raised $600K pre-seed at an $8M post-money valuation
“We raised pre-seed like, 600 K, and it was at an eight million post.”
Alvarez: Jungle's new streaks feature drove a 20% boost in engagement
“We just launched Streaks, for example, like a week ago. It's already had a 20% boost.”