StudySoup incentivizes the top 300 brilliant students at a university to create and post notes, study guides and tutoring sessions. We did $9k rev in month #1.
StudySoup is a 500 Startups-backed marketplace that connects struggling students with smart students to help them get the content they need to succeed in class, on demand.
We launched 12 weeks ago, with monthly growth rates at 40%, a total of 11,000 users and up to 24% penetration on campus. We’ve hit $120,000 run rate at a 50% profit margin.
Our goal is to fix the messy academic services industry that has been created by Kaplan ($2bn rev).