Mentorbox
Offering audio lessons that are updated regularly, as well a PDF guide for every lesson.
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | - | 13 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Mentorbox operates as a subscription-based service focused on personal and professional development through curated educational content. The company was co-founded in 2016 by Alex Mehr and internet marketer Tai Lopez. Mehr, a former NASA scientist and co-founder of the dating site Zoosk, brought his technical and entrepreneurial background to the venture. The premise of Mentorbox is to distill key lessons from books on topics like business, success, and health into more easily digestible formats.
The core of Mentorbox's business model is a monthly subscription that provides users with access to its online learning platform. Revenue is generated through these recurring fees, with a basic digital subscription offered at a low monthly price, alongside more expensive yearly plans. The business strategy relies heavily on aggressive online marketing and a series of upsells presented to customers after their initial purchase. Clients are typically individuals interested in self-improvement and entrepreneurship who are looking for efficient ways to consume knowledge.
The service provides book summaries in various formats, including video lessons, audio recordings, downloadable workbooks, and cheat sheets. A key feature is the inclusion of video interviews and courses taught by the authors of the featured books, intended to provide direct insights. The platform covers a range of subjects, from business skills and entrepreneurship to personal development and psychology. In addition to the digital content, Mentorbox has offered a more expensive physical subscription box that includes hard copies of books and other materials. The service also includes access to a private Facebook group for its members. The user experience is managed through a platform that some have noted is based on Teachable, giving it the feel of an online course.
Keywords: book summaries, personal development, professional development, online learning, subscription service, entrepreneurship education, author interviews, video lessons, audio summaries, self-improvement, Alex Mehr, Tai Lopez, continuing education, business books, success mindset, online courses, knowledge consumption, learning platform, digital education, mastermind group