Kavita Guy, co-founder and CEO of EdTech startup Nectar, pitches venture capitalists on The Pitch, detailing her initial campus-wide deployment at UC Santa Barbara.
“A year later, we got all 26,000 students at UCSB using Nectar in almost every single class, with the instructors being the champion of it. And we got UCSB to pay us 60,000 dollars a year for it, so we got our tuition back.”
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More from Kavita Guy
AssertionNot checkable as stated
Ghai: Nectar usage increased class grade averages by a full letter
“Every single class that used Nectar Was able to increase the class average by a full letter grade.”
Kavita GuyApr 3, 2024▶ 10:22Disrupting the Classroom Model! Will This EdTech Startup Funding Round Hit $1.4M?
AssertionNot checkable as stated
Ghai: Nectar generated a $35M sales pipeline in just 8 months
“Eight months ago, we launched Nectar to the World, and since then, I, as our one-woman sales and marketing team, have built a thirty-five million dollar pipeline, and we've already closed five campus-wide contracts from that, and now we're here to raise our th…”
Kavita GuyApr 3, 2024▶ 5:46Disrupting the Classroom Model! Will This EdTech Startup Funding Round Hit $1.4M?
AssertionNot checkable as stated
Ghai: Nectar organically signs up 6,500 new UCSB students annually
“For the last three years that we've been on that campus, we get all 6500 new students to sign up with no marketing whatsoever.”
Kavita GuyApr 3, 2024▶ 9:24Disrupting the Classroom Model! Will This EdTech Startup Funding Round Hit $1.4M?
PredictionNot checkable as stated
Ghai: Nectar will reach $2M ARR by Q4 2025 worst case
“Based on our projections, that thirty-five million dollar pipeline, worst case scenario, gets us to two million ARR by Q-four of twenty-twenty-five.”
Kavita GuyApr 3, 2024▶ 14:12Disrupting the Classroom Model! Will This EdTech Startup Funding Round Hit $1.4M?
Insight
Ghai: Neurodivergent minds create the perfect storm for founding a company
“I think that it is the perfect storm to be able to start your own company, because our brains are built to do what has never been done before, to think in a way that no one has ever thought before. It is a perfect opportunity to utilize those skills to create …”
Kavita GuyApr 3, 2024▶ 45:27Disrupting the Classroom Model! Will This EdTech Startup Funding Round Hit $1.4M?
AssertionPartly supported
Ghai: Stanford and Harvey Mudd use Nectar with their own custom LLMs
“So schools like Stanford, Harvey Mudd, they're actually using this with their own LLM.”
Kavita GuyApr 3, 2024▶ 11:12Disrupting the Classroom Model! Will This EdTech Startup Funding Round Hit $1.4M?
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