added by sari · updated 2y ago
WeeCare, Carebnb’s, and the US Child Care Epidemic
- Another way to frame WeeCare’s growth: Before WeeCare’s 2018 launch, Bright Horizons had a total of 695 US centers (page 21). By October of 2020, WeeCare had 2,700 US schools compared to a net of 13 additional centers brought online by Bright Horizons.
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago
- It’s essentially an in-home daycare “business in a box”. Customized software saves time for a child care professional spending an average of 56.5 hours per week watching children and reduces churn for WeeCare as they acquire clients for their customers.
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago
- Employers paying for child care could expand the size of the market significantly as more unpaid, family, and friend-based care shifts to a professional setting. And WeeCare offers a solution to quickly spin-up the exact supply needed to support others in the child care benefits like Kinside, Winnie, and Care.com.
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago
- US child care is a $57 billion market (60% in-home, 40% in-center). An additional $22 billion is spent via government subsidies, and the amount of time spent and forgone wages by parents and family members providing unpaid care is orders of magnitude larger than the actual dollars spent.
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago
- WeeCare’s Fever Free product launched in July represents another addition to its product stack. It’s the internal tool it used to detect family fevers from their homes pre-drop off, leading to zero COVID spread in any of its 2,700 locations.
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago
- WeeCare's in-home model often results in tuition prices 30-40% below market.
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago
- WeeCare educators earn an income 2-3x higher than if they were working in a senior role at a large child care center - up to $100,000 per year, or 4x the national average. They can leverage their personal mortgage / rent payments for business use, and those with young families can spend the day around their own children while earning income teachin... See more
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago
- It’s estimated families without access to affordable care forgo $29 billion in wages annually.
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago
- WeeCare’s home market of Los Angeles is a perfect case study of its model. It currently has over 900 schools in the Greater LA area, or approximately 18% of all in-home daycares in Los Angeles County.
from WeeCare, Carebnb’s, and the US Child Care Epidemic by Turner Novak
sari added 3y ago