The Ledger
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DevSlopes is transitioning from course sales to a SaaS subscription model
“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.”
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.”
DevSlopes raised roughly $300,000 from musician Redfoo
“We raised a, an additional 300,000 roughly from, it's really funny, from Redfu from LMFAO.”
Udemy favors promoting comprehensive 30- to 60-hour coding courses
“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.”
Mac App Store feature boosted daily downloads from 50 to 400
“Luckily we just got featured in the in the Mac app store. So that number kind of jumped. We're doing 50 downloads a day roughly. And then now that's around like anywhere from like two to 400.”
DevSlopes subscribers pay an average of slightly over $20 monthly
“On average, they pay around 20, a little over 20 dollars a month because we have plans ranging from, you know, like, 15 dollars a month for the year, or, you know, 25 dollars a month for the month”
Leong: DevSlopes targets $1 million in revenue this year
“Well, our goal is, is a million.
hopefully between the SAS model and selling our courses, all the car we can get there.”
DevSlopes' CEO grew his Udemy student base to over 100,000
“At the time when we started, when we decided to start, it was, he had 40,000 students on, on Udemy, and now that's, I think, a little north of a hundred, Thousand.”