Assertion certainty 4/5 debate potential 1/5

Nignish: Vivid Learning serves 2,000 school districts and 100+ higher-ed institutions

Tom Nignish · 1,000 Schools Pay them $2m for This Unique Tool · Mar 17, 2021 · at 4:50

Tom Nignish is the President of educational 3D software company Vivid Learning, discussing the company's customer base with Nathan Latka.

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“We are at about 2000 school districts. And probably a hundred plus higher ed institutions.”

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The claim, plainly

Vivid Learning serves approximately 2,000 school districts and over 100 higher education institutions.

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Mentioned

higher ed institutions school districts Vivid Learning

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Assertion Not checkable as stated

Nignish: Vivid Learning maintains over $500K in cash reserves

“500 K plus, you know, on hand.”

Tom Nignish Mar 17, 2021 ▶ 8:08 1,000 Schools Pay them $2m for This Unique Tool

Opinion

Nignish: Vivid Learning is easily worth $7M to $10M

“I would say we're easily a seven to ten million dollar business right now.”

Tom Nignish Mar 17, 2021 ▶ 8:52 1,000 Schools Pay them $2m for This Unique Tool

Disclosure

Nignish would reject a $10M acquisition offer from Chegg

“No. I mean, we're really, we're so excited about what we're doing right now that it'd be a hard time.”

Tom Nignish Mar 17, 2021 ▶ 11:58 1,000 Schools Pay them $2m for This Unique Tool

Assertion Not checkable as stated

COVID-19 dropped Vivid Learning's revenue from $2M to $1.5M

“Well, actually because of COVID, it actually was about two million a year ago. And this last year was around 1.5 million. So we did see a little bit of a fall off.”

Tom Nignish Mar 17, 2021 ▶ 5:11 1,000 Schools Pay them $2m for This Unique Tool

Assertion Not checkable as stated

Vivid Learning renewal rate reaches over 90% via partnerships

“I mean, we, a couple years ago, we were worried about churn through some of these partnerships. It got down to, I think, around 85% renewal, and now we're up around 90 plus, so it's”

Tom Nignish Mar 17, 2021 ▶ 10:39 1,000 Schools Pay them $2m for This Unique Tool

Disclosure

Nignish: Vivid Learning operates entirely on publisher revenue-share partnerships

“Basically every one of our partnerships is some kind of a rev share. And so, you know, some of them are, it's fifty-fifty. Others are, you know, much smaller percentage.”

Tom Nignish Mar 17, 2021 ▶ 11:02 1,000 Schools Pay them $2m for This Unique Tool

Nignish: Vivid Learning serves 2,000 school districts and 100+ higher-ed institutions

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