Capo: China study abroad business generated $2.2M+ from 300+ customers
Derek Capo · From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209 · Mar 30, 2016 · at 14:07
Derek Capo, founder of eFin, discusses the metrics and unit economics of the study abroad company he ran for seven years in China prior to starting his fintech company.
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“So the average, yeah, the average is about seven or eight. I'm saying in the summers, we would have kids that would pay us like four or five grand, and then we would have in the fall, we would have people that would pay us between seven to 12,000 dollars on average. So So yeah, it's about 7000 dollar average, 300 something customers, about two point something, 2.2 million dollars.”
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