Editing Fluent Forever
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Latest revision | Your text | ||
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== Solution == | == Solution == | ||
'''A personalized & effective approach to learning languages''' | |||
Based on a national bestseller | Based on a national bestseller | ||
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== Customers == | == Customers == | ||
'''Easiest users to target:''' | |||
Churned Duolingo users | Churned Duolingo users | ||
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[[File:71704f0f0175f02b1ea9cf1189d153a3af6e998f.png|858x858px]] | [[File:71704f0f0175f02b1ea9cf1189d153a3af6e998f.png|858x858px]] | ||
'''Check out this testimonial:''' | |||
<youtube>https://youtu.be/0BYG54I1F5w</youtube> | <youtube>https://youtu.be/0BYG54I1F5w</youtube> | ||
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== Market == | == Market == | ||
'''An enormous online language market''' | |||
[[File:A1a6794a01a01da57d36d7377bf8f20d514c735f.png]] | [[File:A1a6794a01a01da57d36d7377bf8f20d514c735f.png]] | ||
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Our image search engine is the necessary, secret sauce behind our superior learning outcomes. It produces relevant results for abstract words, and improves itself with every user interaction. | Our image search engine is the necessary, secret sauce behind our superior learning outcomes. It produces relevant results for abstract words, and improves itself with every user interaction. | ||
''' | '''Patent Issued from USPTO: March 29, 2022''' | ||
==== Network effects ==== | ==== Network effects ==== | ||
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'''Q4 2022 targets''' | '''Q4 2022 targets''' | ||
* $2M ARR >> | * $2M ARR >> $5-8M ARR* | ||
* Series A Raise: $8M–12M of funding | * Series A Raise: $8M–12M of funding | ||
* | * $60M–95M valuation target | ||
=== Use of funds === | === Use of funds === | ||
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* Expanding to 12 languages of daily/weekly tutoring. | * Expanding to 12 languages of daily/weekly tutoring. | ||
* Expanding our growth + marketing efforts | * Expanding our growth + marketing efforts | ||
* Finding distribution partners for | * Finding distribution partners for English | ||
* Funding sufficient growth to reach a $8–10M Series A (i.e. growth capital for 9 months of 10–15% net MRR growth) | * Funding sufficient growth to reach a $8–10M Series A (i.e. growth capital for 9 months of 10–15% net MRR growth) | ||
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=== Fundraising history === | === Fundraising history === | ||
* '''October 2020: $4.9M raised in Seed Round''' $13.5M post-money valuation | * '''October 2020: $4.9M raised in Seed Round''' $13.5M post-money valuation | ||
* '''June 2021: $1.1M raised from existing investors''' $25M cap, 10% discount post-money SAFE Current investors: Stout Street Capital, Firebrand Ventures, Cultivation Capital, LAUNCH/Jason Calacanis, Spero Ventures, Mana Ventures, Brighter Capital, Lofty Ventures | * '''June 2021: $1.1M raised from existing investors'''$25M cap, 10% discount post-money SAFE Current investors: Stout Street Capital, Firebrand Ventures, Cultivation Capital, LAUNCH/Jason Calacanis, Spero Ventures, Mana Ventures, Brighter Capital, Lofty Ventures | ||
== Founders == | == Founders == |