Acadium

includes Acadium Plus

13 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement May 5, 2021 by Mo Abbas · said 27 times in 2 episodes since 2020 · across every show →

Mentions by year, the whole family

brought up most by Nathan Latka (18), Mo Abbas (6), Kunal Bhatia (3)

tap a year for its mentions
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01120202021episodes it came up in
00130.525120202021episodesmentions per episode
2021 24 mentions in 1 episode
2020 3 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Acadium, oldest first

May 5, 2021 positive
Assertion Not checkable as stated
Acadium is growing 15% to 20% following a period of contraction
“So we've been growing 15 to 20% for the last few months, but there was a long period where we were contracting.”
Mo Abbas May 5, 2021 ▶ 11:17 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021 bullish
Disclosure
Acadium will likely raise capital in 2021 despite reaching profitability
“There is a scenario where this year will be profitable. So we do have an opportunity to, we're going to make a decision where we will likely end up raising because You know, although we'll be profitable this year, the mission of Acadium is super important and …”
Mo Abbas May 5, 2021 ▶ 12:41 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Assertion Not checkable as stated
Acadium generates approximately $200,000 in monthly revenue
“It would be around 200,000 dollars in revenue.”
Mo Abbas May 5, 2021 ▶ 8:46 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Assertion Not checkable as stated
Acadium has over 70,000 apprentices on its platform
“So we have over 70,000 apprentices on our platform.”
Mo Abbas May 5, 2021 ▶ 3:18 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Assertion Not checkable as stated
Acadium has over 3,000 active businesses on its platform
“Yeah, I think a little more than 3000 businesses.”
Mo Abbas May 5, 2021 ▶ 4:35 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Assertion Supported
Acadium charges businesses $400 per quarter for apprentice network access
“It costs 400 dollars a quarter. It's about a hundred bucks a month.”
Mo Abbas May 5, 2021 ▶ 3:53 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021 positive
Assertion Not checkable as stated
Acadium recovers its customer acquisition costs in under one year
“We get it in sub one year.”
Mo Abbas May 5, 2021 ▶ 13:58 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021 negative
Insight
Abbas cut Acadium's management layers after rapid growth slowed execution speed
“There was a time where, when we were growing very quickly in 2019, and we grew the team to, we had a few different, we had a management team, and it became really, really slow, actually. And that was a bad, that was just a bad thing in general for a startup, i…”
Mo Abbas May 5, 2021 ▶ 15:27 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Disclosure
Acadium raised $1 million from Ryan Hoover and 500 Startups
“So we raised about a million dollars from some fantastic investors, Ryan Hoover from Product Hunt Eric Blatchford, who's the CEO of Expedia. We had 500 startups as well.”
Mo Abbas May 5, 2021 ▶ 12:13 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Disclosure
Acadium monetizes apprentices via income share agreements in its Plus program
“We do ISAs on the apprentice side. So there's a small there, you know, apprentices who are dedicated on launching a career in digital marketing. They have the option of joining our Acadian plus program where it's an ISA model. We help them launch their career.…”
Mo Abbas May 5, 2021 ▶ 9:01 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Assertion Not checkable as stated
Abbas personally signed Acadium's first 300 business customers via Facebook groups
“And I ended up signing the first 300 businesses myself, just really hustling in Facebook groups.”
Mo Abbas May 5, 2021 ▶ 6:36 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Assertion Supported
Acadium has more than doubled its subscription pricing over time
“There's some older customers cause we've actually increased the price over time. We've been more than doubled the price actually.”
Mo Abbas May 5, 2021 ▶ 7:22 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
May 5, 2021
Disclosure
Acadium apprentices work 120 unpaid hours while businesses pay platform fees
“And in exchange for mentorship, They get help from their apprentice. 10 hours a week for three months. It's a 120 hour relationship. And it's totally affordable for businesses. They pay a fee to use the marketplace. They can get one or multiple apprentices. Th…”
Mo Abbas May 5, 2021 ▶ 2:22 $2.4m in SaaS Revenues from Business and Apprentice Marketplace
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