Acadium generates approximately $200,000 in monthly revenue
Mo Abbas · $2.4m in SaaS Revenues from Business and Apprentice Marketplace · May 5, 2021 · at 8:46
Mo Abbas, founder of apprenticeship marketplace Acadium, clarifies the company's monthly revenue run rate to Nathan Latka.
0:00 / 0:02exact quote · 2.4s
720p mp4 · rendered on demand · StarZero watermark
“It would be around 200,000 dollars in revenue.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Mo Abbas
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…”
Abbas argues centralized universities are expensive and fail at job training
“In one world, job training is controlled by centralized institutions, post-secondary institutions that are Very expensive. Costs a lot of money. Only available to a small subset of people. And frankly, do a really bad job.”
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.…”
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 …”
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…”