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SaaS Interviews with CEOs, Startups, Founders

ScholarshipOwl Breaks $4m Revenue Helping 15k Students Get Loans

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 26 January 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

An engineer from a young age, previously CTO/R&D manager in a number of Israeli startups, ex-Googler turned entrepreneur and CEO, changing the US education financing. Running a successful all-remote company now for 5 years, and a strong believer in remote as a way of life.

Transcript

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0:00.0

We have today 15,000 paying customers and about 1.5 million users in general.

0:11.6

You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom.

0:24.4

If you'd like to subscribe, go to gitlatka.com.

0:28.3

We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, cack, valuation, or other metrics, the easiest way to do that

0:33.9

is to go to gitlatka.com and use our filtering tool.

0:37.2

It's like a big Excel sheet for all of these podcast interviews. Check it out right go to getlatka.com and use our filtering tool. It's like a big Excel sheet

0:38.4

for all these podcast interviews. Check it out right now at getlatka.com. Hello, everyone. My guest

0:46.0

today is David DeBachnikov. He is building a great company that changes the way Americans pay for

0:50.9

college by leveraging data to make scholarships more accessible and transparent. He's doing this at scholarship owl.com. David, you ready? It takes the top.

1:00.0

Yeah, so scholarship policy and leveraging technology to increase the chances of earning

1:05.7

private and excellent scholarship for American students. And who's paying for this,

1:09.6

the students or somebody else?

1:15.1

To use the premium features of the platform,

1:16.7

the students are paying a subscription fee,

1:18.7

which is $15 a month.

1:24.2

And for that, basically, we save a huge amount of time for them,

1:29.8

preventing them from applying to scams or finding the scholarship that match them the best way possible.

1:31.9

And how many customers do you have today?

1:34.7

We have today 15,000 paying customers and about 1.5 million users in general.

1:44.4

So can we take $15,000 times $15,000?

1:47.2

You're doing about $220,000 a month in revenue?

1:51.0

So with some partnerships and other things,

...

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