We've received a lot of feedback from investors on Republic that we can do better than three million in revenue next year, especially when one considers how large the addressable market is in combination with the breadth and depth of our offerings. More feedback from investors has been that our CAC (Customer Acquisition Cost) is way too low, we think it's around $100, especially considering that the LTV (Life Time Value) of our customer, which is usually a school district, can be as high as $45k. We listen to feedback, especially from investors, and we agree that we can do even better!
Dan Hersh was a top performer from a local EdTech company and oversaw the team that grew their revenue from $20 million to $40 million in one sales cycle! After this, he struck it out on his own and hired Sam Stein who is a sales dynamo and a former teacher. We are happy to announce our partnership with them as we grow our sales team and general sales effort for 2020!
Here's Dan sporting some Digital Dream Lab swag after a 130 mile bike ride!