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Dual lingo founder talks to npr1/19/2024 Podcast Notes only exists with support from YOU. Where It Happens with Sahil Bloom and Greg Isenberg.This Week in Startups with Jason Calacanis.The Unraveling Podcast with Jocko Willink and Darryl Cooper.The Underworld Podcast with Danny Gold and Sean Williams.The Reason Interview with Nick Gillespie.The Jolly Swagman Podcast with Joseph Walker.The Great Simplification with Nate Hagens.The Emerald Podcast With Joshua Michael Schrei.Spearhead with Naval Ravikant and Babak Nivi.Network State Podcast with Balaji Srinivasan.Moonshots and Mindsets with Peter Diamandis.Lost and Found Podcast with Sabri Gazail. Logocentrifugal Podcast With Chance Lunceford.How to Take Over the World with Ben Wilson.Everyday Espionage Podcast with Andrew Bustamante.Common Sense Podcast with BowTiedCommoner.Christopher Lockhead's Follow Your Different.Brain Software with Mike Mandel and Chris Thompson.Berkshire Hathaway Annual Shareholders Meeting.Bare Performance Podcast with Nick Bare. There’s lots of “internal discussions” over where the company is going but no specific cadence on how many companies Duolingo wants (or can afford to scoop).ĭuolingo’s current stock is trading at $101.36, down 47% from its 52-week high price of $191.82 and up 68% from its 52-week low price of $60.50. Going forward, the executive said that Duolingo does expect to do more acquisitions, and companies of interest must fall into one of the following three categories: language learning, other education verticals, or, like Gunner, tech capabilities. They don’t need to move a metric, they just need to think about how to make the app experience more enjoyable, especially as “Luis was just encouraging us to use more sparkles in the app,” Meese explained. When asked about which team Gunner will report to, Meese didn’t offer specifics but said that “we’re bringing more of our creative teams together, especially in design, marketing and other creative pursuits within the company.” There’s a team at Duolingo whose entire job it is to make the app more delightful that would benefit from more animation resources. Not every benefit of animation is so monetary. “That’s something you can put a very clear economic value on.” According to Duolingo’s last earnings report, paid Subscribers totaled 3.3 million at the end of the quarter, up 71% from the prior year’s quarter. Subscriptions rose, he says, when the company included an animated promotion inside the app. The executive described Duolingo’s subscription product, which is branded as Super Duolingo. “There’s some ways that we use animation that we can draw super clear value from,” he explained. Meese explains that the Gunner acquisition fits into the fact that Duolingo is a “very metrics-focused company.” CEO and co-founder Luis Von Ahn has said many times that he doesn’t pay too much attention to direct competition. And then this year we were a fair bit more proactive in terms of defining what would be the best fit for the company in terms of categories and and targets.”įor those who have followed Duolingo’s trajectory - like me, having spent over 12,000 words on the company’s arc - it’s not all that surprising that the education company’s first acquisition was not in the language learning space but instead focused on technology to make learning more easy on the eyes. Last year, however, Duolingo began hiring people to help with mergers and acquisitions.ĭuolingo’s chief business officer Bob Meese said that “prior to 2022, we were just taking a more reactive ‘wait and see’ approach. The edtech meets entertainment business has historically stayed away from acquisitions in the past, beyond its acqui-hire of Steve Ridout, the founder of an e-reader language learning tool (who then went on to build one of Duolingo’s most popular features to date, Stories). How a bot-fighting test turned into edtech’s most iconic brand, Duolingo
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