The Ledger
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NurseVersity heavily discounts or gives away 70% of its subscriptions
“But we've given away probably 65 to 70% of our subscriptions.”
Tony Leonard: NurseVersity has over 10,000 subscribers
“Well, actually, we have, ah, over 10,000 subscribers today, and they pay a monthly subscription or a one-time fee, what we call pay until you pass.”
NurseVersity grew monthly revenue from $8,000 to $152,000 in five months
“In January, just to give you an idea, we were doing about eight to 10,000 dollars per month, and last month we ended up at one 52.”
Leonard: NurseVersity MRR fluctuates between $90k and $110k
“I would say we're flexing anywhere between 91 10.”
Leonard: Over 2.5M nurses require annual accreditation
“So now out of the 500,000 nurses that actually take the exam they become part of the bigger pool, which is in surplus of 2.5 million that need annual accreditation.”
Leonard: NurseVersity customer acquisition cost is about $12
“Actually our cost is about 12 dollars.”
Leonard: NurseVersity average customer lifespan is 16 to 18 months
“The average customer will be with us about 16 to 18 months.”
Leonard: NurseVersity is seeking to raise an $800k seed round
“We're looking to raise about an 800,000 seed round.”
Tony Leonard: NurseVersity holds a patent on its Advisor algorithm
“Actually, the algorithm that we have a patent on is called the Advisor.”
Leonard: NurseVersity raised $125k from 500 Startups
“We were a part of the 500 startup accelerator where they influxed one 25 but that's it.”