The Ledger
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StudySoup expects to generate a few million dollars in 2016 revenue
“Not quite, but we'll definitely do a few million in revenue this year.”
StudySoup pays student note sellers a 70% revenue share
“So the sellers are making around 70% of everything that they're selling. We do a revenue share with the note takers and we also offer some Concentives upfront for them to participate just to get over the hurdle of, you know, taking that first step and doing a …”
StudySoup has over 5,000 active monthly subscribers
“We have over 5000 monthly subscribers that participate in our marketplace.”
StudySoup has nearly 1,000 note-takers earning money
“We have almost a thousand elite note takers nationwide that are making money on our platform.”
StudySoup sees monthly customer churn between 8% and 12%
“We're seeing churn anywhere between eight to 12% in a monthly period.”