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AlphaMaven
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AlphaMaven
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6d ago dealbreaker Views: 298

What have you been up to?Netflix’s “Emily In Paris” has apparently gotten everyone fired-up for the eventual return of international travel.Yesterday, language-learning app Duolingo announced a $35 million capital raise valuing the startup at $2.4 billion. Incroyable!Self Improvement 101Duolingo operates a “freemium” model - all lessons across the 37 available languages are free, but users can upgrade for an ad-less experience with an enhanced ability to track progress.According to CEO Luis von Ahn, Duolingo is on track to double its revenue in 2020 to roughly $200 million.Currently, just 4% of users pay for the premium version, but the company plans to roll out more premium features to improve conversion.What Else? People are learning more than just how to order a baguette in Lyon.Udemy, a marketplace that offers video-based courses to learn everything from the Python coding language to photography skills, recently raised a $100 million Series F round at a valuation of $3.3 billion.The Takeaway: With more idle time during pandemic life, why not invest in yourself? -

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