The Ledger
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Nignish: Vivid Learning is easily worth $7M to $10M
“I would say we're easily a seven to ten million dollar business right now.”
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.”
Nignish: Vivid Learning serves 2,000 school districts and 100+ higher-ed institutions
“We are at about 2000 school districts. And probably a hundred plus higher ed institutions.”
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.”
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”
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.”