ESAI

“And we are expecting to do over 400 K in revenue just in the B to C product this summer.”

“On Friday all students will be able to access our story strategist tool for free, and then if they want access to the entire suite of tools in our platform, it's 49 99 a month or 250 for the year, which is kind of very intentionally priced out so that even if …”

“And while there are some great counselors at the school level, the average student to counselor ratio is nearly 400 to one nationally, meaning students aren't getting individualized admission support from their schools.”

“And if the lifetime value is at about 250 right now, and that's just assuming that three month to annual subscription, then we're looking at a seventy-five billion dollar plus TAM.”

“We're about 300 K into the one million with an additional 200 K of soft commits.”

“We also have a new B to B offering with over 100 high schools and districts already on our partner waitlist.”

“Willingness to pay is highly variable domestically, but internationally you could charge significantly more for this product because those people generally aren't eligible for financial aid.”

“Since launching our MVP last summer, we've already helped over 100,000 students get into their dream school after reaching over eight million students on TikTok.”

“However, we have generated about 50 K in revenue to date. A lot of that coming from our new enterprise contracts.”

“We believe students are experiencing chatbot overload, and they often don't even know what to ask a chatbot, so we really tried to create chunked out tools that help them with specific parts of the process as they need them”

“I think, for me, one of the things that I don't like about the mechanics of this model is there's constant churn with the direct-to-consumer model, right? And it's like, you graduate, okay, I no longer need this, and then now you have to go and get the next co…”

“I was able to put that to work, reach students without any paid budget on TikTok, and get our first 100,000 users of our MVP that way.”

“I can say that we've now reached over 200,000 students that have accounts on our platform. We just started a real big monetization push with the launch of the Common App, which was the very beginning of August, and we're beating our revenue goals.”

“So we have closed the round. We've raised just over a million and we've had to start turning people away at the end.”