Opinion
Sid Bendray claims he can build a million-dollar app in any market
“You can throw me in any market and I know that I'm going to build a mil, you know, million dollar app.”
Assertion Not checkable as stated
Bendray: Olive reaches $6M ARR with six-person team
“Revenue today is six million RR team size. We recently expanded. So now it's six people.”
Disclosure
Bendray: Olive structures product engineers as CEOs of individual apps
“The product engineers are effectively hiring engineers who are effectively, like, CEOs of the product, i.e. They're living in the metrics, and their day-to-day is to live and own and, like, breathe their apps and, like, make them successful.”
Disclosure
Bendray: Olive builds automated agents to staff internal team workflows
“The other part of platform that's like really exciting for me is the ability to sort of like now staff like different units with like agents effectively. So it's like, I'm basically right now, like for the last few, like last month, I've been like interning on…”
Insight
Bendray: EdTech mobile apps charge higher subscription prices because of high churn
“For some reason, we've noticed that the education space actually tends to have, like, a relatively, like pricier subscription rate for a lot of things, mostly because like people tend to turn.”
Disclosure
Bendray: Olive keeps apps stealth until reaching millions in ARR
“Our plan is to always go public with an app that we've worked on. But we never bring it to, we'd never like highlight it in Wednesday's nation phase, because if other people jump in that same market right away, or like deploy the same tactics, it's just going …”
Disclosure
Bendray: Olive's vision is human tastemakers with agent-run operations
“Eventually OLE should be a place of tastemakers, where we have, like, a lot of operations run by agents.”
Assertion Not checkable as stated
Bendray: Olive revenue is 100% subscription-based
“We have, it's all like subscription based. So it's all across their mobile app. It's all subscription.”
Assertion Not checkable as stated
Bendray: Olive's initial TikTok hit 1M views and converted 10k users overnight
“The first product had gone out, it had gone with, ah, a TikTok video, got a million views overnight. It turned to 10,000 users.”
Assertion Supported
Bendray: Olive's mobile app portfolio has reached about 4 million total downloads
“It's about four million downloads. I believe it's wild.”
Assertion Not checkable as stated
Bendray: Olive scaled app Unstuck to 1 million users in under nine weeks
“That's why unstuck when we launched that, we were able to get to about a million users in under nine weeks.”
Assertion Not checkable as stated
Bendray: Quizzard generates roughly 100,000 monthly downloads and $400K revenue
“Yeah, it's roughly correct. We also have like our unstuck, which is off of a Stripe, i.e. The web app piece.”
Assertion Not checkable as stated
Bendray: Quizzard initially monetized only peak-hour queue skips via tokens
“I actually like the first, like iteration of like the business model for Quizzard was everybody and all usage was free. And like, there's actually an interesting way in which we were able to support that. Because but I'll get to end the study, but basically ev…”
Assertion Not checkable as stated
Bendray: Nikita Bier advised Quizzard to switch to weekly subscriptions
“Mike actually like texted Nikita, I think on Twitter and Nikita was like switch to weekly subscriptions and charge more or something like that.”
Disclosure
Bendray: One Olive co-founder spends half their time running paywall experiments
“That's literally like what half the time one of my co-founders runs on is just like a running a shit ton of experiments. Cause we've seen a lot of like a value from this in terms of like It's ability to like drive revenue change significantly.”
Assertion Not checkable as stated
Olive: 2023 TikTok campaign captured top 3–5 search results for elite colleges
“For example, like in the fall of 20, 23 we ran this like man in the street campaign where if you search like Harvard, Boston, Columbia, NYU on Tik Tok we were the first three videos, if not the first five.”
Disclosure
Quizzard applied Photomath's interactive tutoring model across all academic subjects
“We basically like
I was like, mimic this photo math, like, 24 seven tutoring experience and took it to every subject possible, every sort of topic possible.”
