My name is Victor Kipiani and my wife Ashley and I are the owners of Class A Tutoring. Over the last 8 years, we've owned and operated our own brick-and-mortar tutoring center, which generates over $400,000 in gross sales annually. Since our inception, the business has been growing at such a rapid rate that we decided to expand our operation and give our gift to the world. Instead of opening another center, Ashley came up with the idea of creating an Uber for the tutoring world, but with high quality, safe, vetted teachers, and that is exactly what we set out to do. After developing our fully-proprietary technology, we decided to carry out a 6-month beta test to ensure that the market would adopt this new method of connecting with each other, and make sure that it was a venture worth investing into. At the end of our test, we were pleasantly surprised as our active users returned to the app to repurchase at least 3 tutoring sessions per month= stickiness achieved. Due to this traction, we were able to breakeven on the cost of each user in month 2.
At this point, we've built a state-of-the-art piece of technology, tested it to ensure product-market fit, and now we are raising $900k in order to achieve the following milestones:
1. Redevelop the UX/UI of our mobile applications and website
2. Integrate Video Conferencing Capabilities
3. Launch Micro/Macro Go-To-Market Strategy
4. Acquire 200K+ student users and 24k+ teacher users
5. Generate revenues of over $15M
Given the current status of the American education system and the birth of the new Gig Economy, our vision is to provide every student with the means to find quality help when they need it the most. But it doesn't stop there, we are also promoting quality educators and teachers by paying them what they deserve and allowing them to finally have a sense of financial freedom and stability. Class A Tutoring is an industry-wide solution that is not only set to revolutionize the way people connect for educational needs, but also redefine the quality of American education as a whole.
Class A Tutoring is a mobile application that connects students with qualified, safe, and vetted local tutors and we profit from matching both users.
Simple/Easy to Use System For Users Of All Ages: One-Click Solution
Only Hire Professional Educators with Graduate Degrees and Documented Teaching Experience
One Of The Quickest Connection Times In The Industry
After developing our proprietary technology, we decided to carry out a 6-month beta test to ensure that the market would adopt this new method of connecting with each other, and make sure that it was a venture worth investing into. At the end of our test, we were pleasantly surprised as our active users returned to the app to repurchase at least 3 tutoring sessions per month. Due to this traction, we were able to breakeven on the cost of each user in month 2. So as you can see, our business model is not only effective but efficient. Our expansion opportunities are endless but the main focus is to build the company's valuation for a period of 4-5 years, at which point we will be generating revenues of over $360M, and become acquired by a larger industry leader: Tutor.com, Chan Zuckerberg Initiative, Facebook, Kaplan, etc.
There are over 21.2M K-12 teachers in the U.S: 25% are actively working a second job in order to make ends meet. This is mainly due to the Education Department’s aggressive budget cuts, which are forecasted to be cut by an additional $3.6B in 2019 alone. Budget cuts lead to larger class sizes = less time that teachers spend with each student, and finally, reduced academic results for students, teachers and schools. Our solution was to create a network of the highest quality educators that students can rely on for all of their academic needs and finally get the attention they need.
Parents- mainly of students in middle/high school
Students- mainly middle/high school
Please request SWOT analysis
As educators with over 10 years of experience in the field, Victor & Ashley have always longed to make a difference by helping as many students as they could. After years of owning their own tutoring business, it was time to not only serve their community but to make a larger impact on the industry as a whole. Ashley has her double Masters in both Psychology and K-12 Education, while Victor serves as the product engineer and operations manager.
We have also added two additional core team members. Daniel Herzberg bring a wealth of experience in the supplemental education space and extensive experience with business development and marketing. Vy Chantarasy is a seasoned entrepreneur who has created and sold numerous businesses and bring this know-how to business development, operations, and marketing as well.
EdTech Sales Multiple: 3.3x
Within the next 5 years, our primary focus is to build our revenues to approximately $360M and become acquired by a larger industry leader for $1.2B. Please see deck for further details.