Alex Banks(@thealexbanks) 's Twitter Profileg
Alex Banks

@thealexbanks

I help you cut through the noise @throuthenoise | Building @tribescaler

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linkhttp://tribescaler.com calendar_today14-10-2012 20:13:55

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Education is the most powerful weapon you can use to change the world.

Duolingo is now worth $6.5 billion by:

• Recognising trends
• Capturing culture
• Making learning feel like a game

I wrote about it today:
noise.beehiiv.com/p/duolingo

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Alex Banks(@thealexbanks) 's Twitter Profile Photo

Education is the most powerful weapon you can use to change the world.

Duolingo is now worth $6.5 billion by:

• Recognising trends
• Capturing culture
• Making learning feel like a game

I wrote about it today:
noise.beehiiv.com/p/duolingo

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Alex Banks(@thealexbanks) 's Twitter Profile Photo

Follow me Alex Banks for more threads to help you in business and life.

If you liked this thread, you'll love the newsletter.

Subscribe here:
noise.beehiiv.com/subscribe

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Luis' desire to learn not what to think but how to think led to a resounding success.

Duolingo IPOd in July of 2021.

The best part– most of his original team are still on board.

His employee centric approach to running a company puts Duolingo in a category of its own.

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Duolingo has over 1 million daily active users who have a streak over 365 days.

That's 1 million people who've been using the app every day for the last year.

The gamification of education makes learning fun.

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In 2017 they had 10 million active users.

But needed to build a business model that made money.

A combo of ads + subscription worked like a charm.

The number one factor of Duolingo's success is it feels like playing a game.

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In total, Luis raised $183 million from the viral interest and his track record.

For the next three years there was a singular focus on growing out Duolingo's user base.

Luis didn't even think about monetisation.

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At the time Duolingo was just a landing page with an email capture.

This transformed to a waiting list with over 300,000 names.

Rosetta Stone was about to be disrupted.

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