Wilson: Immersion Ed expects 800 paying schools and $500K revenue by fall
Chad Wilson · Can Generative AI Transform Education? Immersion Ed's Bold Pitch · Sep 25, 2024 · at 12:01
Chad Wilson pitches Immersion Ed on The Pitch and forecasts conversion rates from an affiliate partnership trial.
0:00 / 0:06exact quote · 6.4s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“So we believe 800 will be paying customers by the end of the fall. So this is 500,000 dollars in revenue.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Chad Wilson
Wilson: Immersion Ed will hit $4.5M ARR by end of 2025
“So, we're raising a 1.5 million dollar pre-seed round to reach 4.5 million in annualized recurring revenue by the end of 2025.”
Chad Wilson: Building-level school discretionary sales close within a week
“Right now, the money's coming from discretionary budget that is school building level. And so these processes are much faster than the traditional school sales cycle. They're frequently done within a week.”
Wilson: 94% of surveyed schools want Immersion Ed's games
“Since launching, we've surveyed thousands of schools and found that 94% want to use our games.”
Wilson: Pilot students found Immersion Ed 40% more engaging than coursework
“From that group, we selected 50 for our pilot program this past school year, and participating students showed that they viewed our games as 40% more engaging than their traditional coursework.”
Chad Wilson: 40% of history teachers don't use textbooks at all
“40% of history teachers don't use a textbook at all across all grades.”
Wilson: Immersion Ed's ACV will double from $1,500 to $3,000
“If I'm allowed to give a slight rebuttal, I'd say that 1500 is literally what we're expecting this fall, when they are only purchasing episodes two and three. So by the time they're actually signing on for next year, the ACV is already 3000 dollars.”