One year ago today, my co-founders and I launched an app out of our dorm room to make learning easier for students.
Today, we have helped over 1.3M+ students receive support on 35M+ questions, generated $1M+ in ARR, and raised over $800k+ in funding.
Here is our story (1/n) 🧙♂️
Congrats to my favorite interns. You are all cracked, and I’m so grateful to be able to work with you all every day.
Sadly, this is an announcement post that you are all fired as you can no longer provide valuable insights as college students.
Thank you for your service 🫡
I’m thrilled to share that
@sleenyre
has joined Quizard as the 5th core team member and our first Founding Engineer working with us in NYC 🧙♂️
Sangwu is an AI researcher from South Korea. Along with
@SidBendre
, Sangwu is leading the research to improve our AI models that are
is looking for a part-time designer to lead design on our app and a top-secret project 🧙♂️
dm if you:
- want to join a vc-backed fast-paced team ($2M+ ARR, 1M+ users in ~1 year)
- have an eye for details
- are excited to change how people learn
Feel like I’m finally getting a handle on
@anchorlang
Would recommend
@paulxpaulxpaulx
and
@ironaddicteddog
articles on building an escrow for anyone who is looking to get started with Solana development.
We have some exciting plans for this year. The Quizard app is only our wedge into the broader edtech market.
2 new products are dropping, we are expanding the team, and the mission is clearer than ever.
We are making it possible for anyone to learn anything faster, starting
Ill be interning at
@SlackHQ
this summer and I’m looking for a few roommates to rent out a place with in SF.
Shoot me a dm if you are interested, would love to chat
A little proof of concept I built with
@neilyyeung
@YiboHe3
@alexdmartin314
at
@HackMIT
A tool for improving english comprehension with GPT-3 generated stories and quizzes + images generated with stable diffusion.
February: Growing too fast
Not all growth is good. We grew too fast.
The app was riddled with bugs leading to shit retention. We spent the next several weeks with minimal sleep fixing everything. Shoutout to
@getsentry
; you are the goat.
Our users were not concentrated in one
April: Assembling a team and getting funded
Only work with 10x people.
@AchrafGolli
is a great product person. He built and designed the first prototype of the app.
@benorchen
could sell water to a fish. He helped us reach 100k users in less than 2 months.
We recruited
I asked for a plain slice of pizza in San Francisco and the person looked at me like I had two heads, insisting that it is called a cheese slice. I miss the east coast.
May: Graduating
We graduated college and moved into an apartment in Rochester, NY. We were paying ourselves nothing and living in a city with nothing to do but talk to users and code.
Our previous plans to travel Europe turned into being huddled in our living rooms around our
June: The best product will win
In June, several competitors began to hit the market.
A competitor gave away 10 Teslas with David Bobrik, a team that had launched a unicorn previously in HK decided to enter the market and started spending boatloads of money on ads, and a
One of the biggest lessons I have learned this year is that I need to stop overvaluing the opinions of my mentors and put more value on my own insights.
Mentors are great until you use them as a substitute for making your own decisions.
A little proof of concept for an application that attempts to make social media less satisfying by throttling your connection speed to platforms like Instagram etc.
July: The importance of mentorship
In July, we spent a month in Sunriver, OR for the Neo accelerator. We worked 24/7 together in a coworking space and shared every meal with 20 other startups.
Having the right community of founders and mentors will 10x accelerate your journey
January: Growth through a viral Tiktok
On January 28th, we launched Quizard. We posted our first 3 TikToks, which hit 1M+ views in 2 days.
We went from 100 users to 10k users and hit
#30
in the app store education charts overnight. Here is a fun Bereal (RIP) to commemorate the
March: Running on no money
We answered 250k questions in the first two weeks of the launch.
How did we cover the initial OpenAI costs as college students with no revenue?
We didn't :)
OpenAI’s heavily rate-limited Codex worked well for our use case, and the best part is that
December: Our next big thing
Fundraising eats up your time; it is a full-time job.
Stepping away from pitch meetings allowed the team to return its focus to our users and build an awesome product.
We onboarded new interns and started to work on building our next product, a big
I told myself I was going to try and build a "personal brand" this summer.
I am now realizing that I first need to work on building strong opinions and learning to articulate them.
Time to start reading and writing more.
September: Back to school
The summer was over, and we saw it in our revenue. We hit $650k ARR in September and $1M ARR in the following month.
Consumer edtech for students is incredibly seasonal.
On a micro level, you better get used to seeing your usage drop by 75% on the
March Pt.2: Cracking monetization
We made $69 in February and hit $7000 in MRR in March.
We launched the app with a coin system that was monetizing horribly.
We realized everyone who was making purchases was actually buying the max amount of tokens we sold. We implemented a
October: Learning to pitch
We set out to raise a $3M seed round. I learned that talking to investors is a lot like dating.
You not only need to have baseline sex appeal (great numbers in an appealing market), you need to have rizz (sell a story). You learn that some people
November: Becoming profitable and not raising
We got a few offers that we were not happy with.
After re-evaluating our options, and hitting our first profitable month, we decided we did not need VC funding to hit our next milestone.
I’ve been playing with using GPT-3 to control a browser the last couple days. Here’s a quick demo. As you can see it's pretty neat! But also quite flakey.
Will publish the source code shortly for others to try and improve.
August: Diversifying marketing efforts
We just moved to NYC, and the pressure was high, school would start in early September.
Viral Tiktoks are not a sustainable strategy. Our organic product content was no longer driving strong growth.
We diversified our strategy to include:
Looking to connect with students who can help us spread the word about finding research assistant opportunities using
@joinauraus
.
Any intros are appreciated!
Looking to chat with students about their experience with getting involved in research at their universities.
Shoot me a DM if you are down to connect🤠
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Any shares are appreciated❤️
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