TransTutors' 500 Startups investment carries a $2.5 million post-money cap
Aditya Singhal · Ideally Students Pay $20/mo To Learn From Robots, $1,000,000 In Revenue in 2015, EP 263: Aditya Singhal · Jun 6, 2016 · at 5:00
Aditya Singhal, founder of TransTutors, details the valuation cap terms for the accelerator round they are raising.
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“This is as per the 500 terms, which is 2.5 million post money.”
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More from Aditya Singhal
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.”
Experienced software engineers in India cost $80,000 to $90,000 annually
“It's 30,000 dollars a year. Yeah. So that's a good engineer salary at a starting point with three to four years of experience. But as you move higher up the ladder, that's seven, eight years of experience, you have to pay about 80 to 90,000 dollars a year.”
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.”
Singhal claims US college students make 2B monthly Google searches for homework
“There are about 21 million college students in the United States, and these students, when they get a homework or assignment or a quiz, they make about two billion searches on Google every month.”