JM Sanchez, co-founder of Studia, explains the startup's revenue model and B2B economics to Andrew Gazdecki.
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“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 paid by the universities and by the financial partners.”
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More from Joan Manuel Sanchez
Disclosure
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 …”
Joan Manuel SanchezAug 29, 2023▶ 4:45Startup Acquisition Stories with JM Sanchez Co-founder of Studia
What-if
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.”
Joan Manuel SanchezAug 29, 2023▶ 11:27Startup Acquisition Stories with JM Sanchez Co-founder of Studia
AssertionNot checkable as stated
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.”
Joan Manuel SanchezAug 29, 2023▶ 9:30Startup Acquisition Stories with JM Sanchez Co-founder of Studia
AssertionNot checkable as stated
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…”
Joan Manuel SanchezAug 29, 2023▶ 15:39Startup Acquisition Stories with JM Sanchez Co-founder of Studia
AssertionNot checkable as stated
Sanchez: Studia received over 80 NDAs within 30 days on Acquire.com
“Over 80 NDAs I got in a time period of 30 days”
Joan Manuel SanchezAug 29, 2023▶ 28:29Startup Acquisition Stories with JM Sanchez Co-founder of Studia
AssertionPartly supported
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.”
Joan Manuel SanchezAug 29, 2023▶ 1:47Startup Acquisition Stories with JM Sanchez Co-founder of Studia
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