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Problem
"America is desperate for substitute teachers"
Historically, school districts have relied on retired teachers as their substitutes. A new solution is needed.
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The substitute shortage is hurting learning outcomes and causing higher levels of burnout in existing staff.
Solution
HelloSubs: A powerful teacher staffing platform
| For schools | For teachers |
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Product
We provide the teachers and the software...
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...while substitutes conveniently manage
jobs, schedule, payroll, and profile all in one place:
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Traction
$3.2M last 12 months revenue (TTM)
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*Stats as of September 2023
Monthly revenue:
Customers
We support Public, Charter, and Independent Pre-K through 12 Schools
HelloSubs provides massive benefits to large districts employing thousands of teachers, along with small independent schools.
The majority of our initial clients have been large charter groups and independent schools across Denver, Austin, & Philadelphia. We're currently expanding in those markets as well as Houston, Colorado Springs, and Odessa/Midland.
Recent Customer Feedback
"The guest teachers were higher quality compared to other programs. Almost all of them came back repeatedly."
"We get higher quality & higher volume of candidates from HelloSubs compared to other programs."
"Your invoicing + approval process is leaps and bounds better than other organizations..."
Business model
Daily recurring revenue with high margins
Schools pay us per substitute, per day, worked at their school. This generates reliable, ongoing revenue along with a one-time fee when a school hires a sub as a permanent staff member.
Because of the automations built into our platform, we're able to generate $150K+/year gross profit per operational employee. This is on-par with top performing pure software companies.
One individual school generates an average of ~$50,000 gross revenue/year. Many school group/district contracts generate $1M+ annually with some as high as $8M.
We're able to maintain strong margins while still saving money for our schools, and paying market leading wages to our substitutes.
Market
Unlocking a $18.5 B market
There are over 50 million school
days each year that require a substitute.
- Unlocking an $18.5 B Opportunity
- Public K-12 Schools: $10.5B
- Private K-12 Schools: $800M
- Pre-School: $7.2B
Substitutes have always been needed for sick days, and planned absences. Now with a rising teacher shortage they are needed more than ever.
Competition
HelloSubs' unique approach
The majority of schools are "trying" to manage their own substitutes — and the biggest competitors are outdated staffing companies.
Our platforms allows schools to access millions of potential substitutes in the gig economy.
 Competition by market shareAntiquated incumbents:
Other startups:
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Vision and strategy
Land and expand
Our goal is to serve 60%+ of the US market within 10 years, generating $6B+ in gross revenue*
Seed round - $500K
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Growth plan
Impact
Working to solve teacher shortages and support our students
The United States is estimated to be short 100,000 permanent teachers in 2022, while enrollments in teacher preparation programs are steadily declining.
Substitute teaching is an easy way for people to "try out" the career with as many as 20% of them opting to accept a permanent teaching position.
Funding
Backed by leading angel and institutional investors
Including
Founders
Brett Isis
Founder & CEO
- 2X founder
- 11 years edu staffing
- Team building, sales & operations expert
Derek Burgman
CTO
- Texas A&M - Bsc. CS
- 4X CTO
- EdTech Expert
- Full-stack engineer
Summary
Why HelloSubs?
Two words: market validation.
Our traction in such a short amount of time shows an obvious demand for HelloSubs. The only question now is how fast can we can grow.
Hop on our rocket ship for what is sure to be a heck of a ride!
