This Startup Reminds Us Why The Best Don’t Need Pitch Decks
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This Startup Reminds Us Why The Best Don’t Need Pitch Decks
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Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#2Why does the figure have no x (time) axis? Did they triple over a week or 3 years?
Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#3Why does the figure have no x (time) axis? Did they triple over a week or 3 years?
The period is 5 months.
The OP copied the image directly, instead of pick the complete one in angel.co (click in the link in the graph).
https://s3.amazonaws.com/screenshots.angel.co/84/25312/9f19d...
Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#4Meanwhile, Edmodo has (according to their website) almost six million users in four years. I haven't used it, but it appears to offer the same texting features as remind101 and lot more - while being inexplicably free. (Can someone explain how they plan to be sustainable?)
Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#5Isn't this a little misleading? If you have a million users and not a single chance of ever monetizing, your userbase isn't as valuable as those with say, 10k users who are already collecting money from them all.
Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#6Meanwhile, Edmodo has (according to their website) almost six million users in four years. I haven't used it, but it appears to offer the same texting features as remind101 and lot more - while being inexplicably free. (Can someone explain how they plan to be sustainable?) http://www.edmodo.com/
Hey thanks for pointing this out we will update the post with a reference to them
Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#7Why does the figure have no x (time) axis? Did they triple over a week or 3 years?
The period is 5 months. The OP copied the image directly, instead of pick the complete one in angel.co (click in the link in the graph). https://s3.amazonaws.com/screenshots.angel.co/84/25312/9f19d...
We've updated the image ... Thanks!
Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#8According to the website, "They hope to monetize their product by selling their simple communication system to school administrators".
So this chart shows an increasing number of non-monetizable members... and doesn't show growth in their core product / revenue stream: a paid communication system for school administrators.
This situation is very similar to the whole Groupon subscribers issue - which has proven subscribers aren't necessarily monetizable, or a very small / disproportionate members are...
Thoughts on reporting growth of 'users' vs. growth of 'monetizable users'?
Are any users worth anything, even if they aren't related to the core product?
Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#9Earlier quoted context omitted.
The period is 5 months. The OP copied the image directly, instead of pick the complete one in angel.co (click in the link in the graph). https://s3.amazonaws.com/screenshots.angel.co/84/25312/9f19d...
We've updated the image ... Thanks!
No, thank you both!
Re: This Startup Reminds Us Why The Best Don’t Need Pitch Decks
#10According to the website, "They hope to monetize their product by selling their simple communication system to school administrators". So this chart shows an increasing number of non-monetizable members... and doesn't show growth in their core product / revenue stream: a paid communication system for school administrators. This situation is very similar to the whole Groupon subscribers issue - which has proven subscr…
They're demonstrating that users are getting value out of it.
School administrators will pay for this system if they can demonstrate teachers want to use it and are able to get better performance out of their students by using it.
These users are also monetizable - if the system is entrenched in a school or district and they announce free + paid plans they can convert at least some of these to paying users - paid for by the school itself or school district.