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Aditya Singhal, an education technology entrepreneur who\\u2019s hoping to fully automate tutoring in the next five years. Aditya believes in low-cost, high-quality education for all. Tune in as he and Nathan talk automated education, subscription models, and why Silicon Valley is overrated.

Famous 5
Favorite Book? \\u2013 Growth Hacker Marketing
What CEO do you follow? \\u2014 Elon Musk
What is your favorite online tool? \\u2014 Twitter
Do you get 8 hours of sleep?\\u2014 No
If you could let your 20 year old self know one thing, what would it be? \\u2014I wish I knew how to hack growth faster

Time Stamped Show Notes:
01:25 \\u2013 Nathan\\u2019s introduction
01:45 \\u2013 Welcoming Aditya to the show
02:10 \\u2013 There are 21 million college students in the states, looking for help
02:30 \\u2013 Created TransTutors - an AI teaching assistant
02:50 \\u2013 Subscription model: $20 each month, 30k customers
03:10 \\u2013 Not a typical SaaS business model - uses humans assisted by code
04:05 \\u2013 Revenue is $60-80k per month
04:20 \\u2013 Business founded August 2014
04:30 \\u2013 Revenue is 2015 around $1 million
04:50 \\u2013 Initially self-funded; now raising investment from 500 Startups
05:00 \\u2013 Hoping to raise $2.5 million by convertible note
05:30 \\u2013 Making a trade-off: wants to learn from Silicon Valley
06:10 \\u2013 Are tech hubs overrated?
06:30 \\u2013 About 40% of customers (12k) are paying monthly
07:30 \\u2013 In February 2016 had 3k active paying customers
08:05 \\u2013 Users typically stay 4-6 months (one semester)
08:40 \\u2013 Team of 10 people, including 8 in India
09:00 \\u2013 A young engineer in India earns around $30k per year
10:00 \\u2013 Aditya\\u2019s goal is to have a fully automated teaching system
10:20 \\u2013 Would be happy to sell once he\\u2019s achieved his goal
10:50 \\u2013 Equity split 50/50 between Aditya and his partner
11:30 \\u2013 Connect with Aditya by email or twitter
14:50 \\u2013 Famous Five

3 Key Points:
Create the solution your market are looking for - even if they don\\u2019t know it yet
Be clear about your business vision
Focus on finding social marketing methods to grow your business explosively

Resources Mentioned:
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Host Gator \\u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Leadpages \\u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \\u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.

Show Notes provided by Mallard Creatives