DevSlopes is transitioning from course sales to a SaaS subscription model
Evan Leong · 785: He Makes $500k+ From Udemy Helping You Code · Sep 17, 2017 · at 2:58
Evan Leong, VP of Product at DevSlopes, explains the company's business model history and shift toward recurring subscriptions.
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“We've been around for around a year, year and a half, and we have been selling our courses online and through our platform, and then more recently, like in the past month, we just coded our subscription model so we're starting to convert over to SaaS.”
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DevSlopes gained roughly 130 subscriptions upon launching its SaaS tier
“We so we launched last month, and out the gate we garnered around a 130 subscriptions.”
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“We raised a, an additional 300,000 roughly from, it's really funny, from Redfu from LMFAO.”
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“They like to promote like full on, you know, full blown, 30 to 60 hour courses that take you from like knowing absolutely nothing to like getting you up and running.”
Leong: Udemy generates 90% of DevSlopes' marketplace revenue
“Udemy takes, like, I would say right now, like, 90% of it. And then the other 10% is, like, scattered across the Skillshare.”