TransTutors

9 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Jun 6, 2016 by Aditya Singhal · said 3 times in 1 episodes since 2016 · across every show →

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Everything said about TransTutors, oldest first

Jun 6, 2016
Disclosure
TransTutors' 500 Startups investment carries a $2.5 million post-money cap
“This is as per the 500 terms, which is 2.5 million post money.”
Aditya Singhal Jun 6, 2016 ▶ 5:00 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
Jun 6, 2016
Disclosure
TransTutors is raising a $500,000 round from 500 Startups
“Still now, self-funded completely, but we are raising a small round from 500 startups and a couple of other investors, so probably a half a million round.”
Aditya Singhal Jun 6, 2016 ▶ 4:42 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
Jun 6, 2016
Assertion Not checkable as stated
TransTutors' average LTV is $110 for monthly subscribers, $20 for daily
“Till now we have experienced about, ah, a 110 dollars, ah, for, from a monthly customer. And for a daily customer it's about, ah, 20 dollars.”
Aditya Singhal Jun 6, 2016 ▶ 8:30 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
Jun 6, 2016 bullish
Prediction Not checkable as stated
TransTutors targeted approximately $2.5 million in 2016 revenue
“Probably around 2.5 million dollars.”
Aditya Singhal Jun 6, 2016 ▶ 4:36 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
Jun 6, 2016
Disclosure
Singhal's goal is 24/7 automated teaching without human tutors
“I want to have a system where, which teaches students day in day out, 24 by seven, automatically. It doesn't need a human tutor. That's my main goal.”
Aditya Singhal Jun 6, 2016 ▶ 9:59 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
Jun 6, 2016
Assertion Not checkable as stated
TransTutors had 3,000 subscribers and $60,000 MRR in February 2016
“In February of 2016, as I said, we did about 60 grand a month, and this includes about, ah, 3000 paid customers, that's it, 3000 paid customers, because it's a subscription, so people come and go, it's a rolling model.”
Aditya Singhal Jun 6, 2016 ▶ 7:17 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
Jun 6, 2016
Assertion Not checkable as stated
TransTutors subscribers average four to six months before canceling
“Typically a user gives us about four to six months, which is ideally a semester and then they cancel. And then they, ah, come back in next semester. So because it has been only a year and a half, so we haven't tracked a lot of it, but yeah. Typically they stay…”
Aditya Singhal Jun 6, 2016 ▶ 8:03 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
Jun 6, 2016
Assertion Not checkable as stated
TransTutors surpassed $1 million in total revenue in 2015
“In, we did a little more than a million dollars.”
Aditya Singhal Jun 6, 2016 ▶ 4:28 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
Jun 6, 2016 neutral
Assertion Not checkable as stated
Singhal says pure AI homework solving has not been figured out yet
“This is a human assisted by code. So, yeah. Okay. So, yeah, because to make something which their own, The code answers the question. Will take a lot of time. Nobody has figured out as yet.”
Aditya Singhal Jun 6, 2016 ▶ 3:31 Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal
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