Gaurav Munjal, co-founder and CEO of Unacademy, discusses founder motivation, contrasting chasing investor trends with building out of authentic problem-solving.
“Except a few companies, a lot of companies which started in the income share agreement market that was because investors were funding those particular type of companies.”
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More from Gaurav Munjal
PredictionNot checkable as stated
Munjal: Unacademy can become a $10 billion decacorn
“But I think Unacademy can be a ten billion dollar company. I think we can be a decacon. I think we can be a very, very large organization. I think we have fundamentals in place and the market is big enough.”
Gaurav MunjalFeb 18, 2020▶ 48:28@unacademy founder on Building a 3 Billion Edtech Giant ft. Gaurav Munjal
AssertionNot checkable as stated
Munjal: Competing edtech players are copying Unacademy's subscription model
“Every other education player is copying us right now. We launched a subscription model. Every other education player is launching the subscription model.”
Gaurav MunjalFeb 18, 2020▶ 36:47@unacademy founder on Building a 3 Billion Edtech Giant ft. Gaurav Munjal
Insight
Munjal: Platforms with supply and demand can always monetize later
“When you're building a platform, you can always monetize later. But if you have a place where you have great educators and learners, you have supply and demand. Eventually you can monetize it.”
Gaurav MunjalFeb 18, 2020▶ 46:35@unacademy founder on Building a 3 Billion Edtech Giant ft. Gaurav Munjal
Insight
Munjal: Platforms must start by making content creation easy
“For platforms to succeed, you need to start with a creation tool. If you make creation easy, Instagram made creation of beautiful posts easy. When you make creation easy, TikTok has made creation of entertainment videos easy. When you make creation easy, that'…”
Gaurav MunjalFeb 18, 2020▶ 20:20@unacademy founder on Building a 3 Billion Edtech Giant ft. Gaurav Munjal
AssertionNot checkable as stated
Munjal: Unacademy generates close to 140M video views per month
“We are doing close to one forty million videos across our own platform and our YouTube channels per month.”
Gaurav MunjalFeb 18, 2020▶ 41:44@unacademy founder on Building a 3 Billion Edtech Giant ft. Gaurav Munjal
AssertionSupported
Munjal: Unacademy has $60M in bank out of $88M raised
“We have raised eighty eight million so far. And sixty million is in the bank. Wow. So my entire series D, fifty million, is still in the bank. My series C money, which was twenty one million, half of it is in the bank.”
Gaurav MunjalFeb 18, 2020▶ 43:29@unacademy founder on Building a 3 Billion Edtech Giant ft. Gaurav Munjal
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