The Ledger
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Gethers: Admissions consulting costs directly drive demographic disparity at elite business schools
“If there's a segment of people who can afford those services then naturally the quality of their application is going to be higher than for people who just don't have access to those resources. And so again, this has a direct Correlation with the type of demog…”
Gethers: Traditional M&A sales processes require around $5M in EBITDA
“But for business at the scale that I was at good luck. Kind of trying to go run a traditional sell process for that. I think typically in the business that we're in, if we were to go out to market to sell this business, this is like a business I would be doing…”
Gethers: EarlyAdmit saw 75 NDAs and 15% buyer engagement on Acquire.com
“We had, I think on, on the acquire platform, we had about 75 NDAs over the time span of four to five months or so. And we probably had about a 15% Like, I would say real engagement rate, like potential buyers who were actually interested and have conversations…”
Gethers: EarlyAdmit operated at 40% profit margins during acquisition process
“I remember days where we didn't get bites and we were like, well, you know, we're running at 40% profit margins.”
Gethers: Legacy admissions consultants charged over $300 an hour
“Legacy admission consultants were charging north of 300 dollars an hour”