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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Duolingo's Luis von Ahn on How CEO's Can Scale With The Company, How VC Herd Mentality In The Valley Really Works and How Chatbots & AI Play A Role In The Future of EdTech

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4637 Ratings

🗓️ 13 October 2017

⏱️ 26 minutes

🧾️ Download transcript

Summary

Luis Von Ahn is the Founder & CEO @ Duolingo, the leading language learning platform with over 100m users. They have backing from some of the best in the investing world with over $100m in funding from the likes of USV, Kleiner Perkins, NEA, Google Capital and even Ashton Kutcher. Prior to Duolingo, Luis is known for inventing CAPTCHAs, being a MacArthur Fellow (“genius grant” recipient), and selling two companies to Google in his 20’s. Luis has been named one of the 10 Most Brilliant Scientists by Popular Science Magazine, one of the 20 Best Brains Under 40 by Discover.

In Today’s Episode You Will Learn:

1.) How Luis, a man as he describes "never great at learning languages", came to found the leading language learning app, Duolingo?

2.) Why do VCs generally believe Edtech to be such a "hard" space? Is that really a fair assumption? How does the role of government change the distribution and landscape of edtech? How does content creation play a pivotal role in edtech today?

3.) What role does Luis believe AI and ML will play for the future of edtech? Will the transition to bots represent a transformational shift in the interface paradigm? How does gamification and edtech integrate? Why does Luis always measure themselves against the most addictive of games?

4.) How has Luis seen himself scale and change as a leader with the scaling of the firm? What story shows an element that Luis struggled with and how did he overcome it? What were the major inflection points in the growth of the firm?

5.) Duolingo recently raised their $25m Series E, how did this round differ from prior rounds? Why did they want to negotiate down the figure they wanted to raise? How did Valley based VCs present herd mentality for the duration of the recent raise?

Items Mentioned In Today’s Show:

Luis’s Fave Book: Godel, Escher, Bach: An Eternal Golden Braid 

Luis' Fave Blog: AVC by Fred Wilson

As always you can follow HarryThe Twenty Minute VC and Luis on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

Lattice is the #1 performance management solution for growing companies. With Lattice, it’s easy to launch 360 performance review cycles as often as you want. And you also get a continuous feedback system with OKR goal tracking, real-time feedback, and 1-on-1 meetings to make sure employees get feedback between reviews. Find out why the likes of CoinBase, PlanGrid, Birchbox and WePay trust Lattice as their performance management solution by heading over to lattice.com to start investing in your people. That’s Lattice.com.

Recurly, the company powering subscription success, with Recurly’s enterprise-class subscription management platform providing rapid time-to-value without requiring massive integration effort and expense and they have the ability to not only increase revenue by 7% but also reduce the all-important churn rate. That is why thousands of customers from Twitch to HubSpot to CBS Interactive trust Recurly as their subscription management platform. Check them out on recurly.com that really is a must.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to the 20-minute VC with me Harry Stebbings at H. Debbings with two Bs on Snapchat,

0:05.1

and as always, I'd love to see you there for all things behind the scenes from us. However, to the show

0:09.4

today, and I'm thrilled to welcome a very special individual to the hot seat. So joining us today,

0:13.7

we have Louis von Arne, found and CEO at Duolingo, the leading language learning platform with over

0:18.8

100 million users, and they have backing from

0:21.0

some of the best in the investing world, including the likes of USV, Kleiner Perkins, NEA, Google Capital, and

0:27.3

even Ashton Couture. And prior to Duolingo, Lewis is known for inventing captures, being a MacArthur

0:32.2

fellow or otherwise known as the Genius Grant, and selling two companies to Google in his 20s.

0:37.4

As a result,

0:38.3

Lewis has been named one of the 10 most brilliant scientists by Popular Science Magazine

0:42.0

and one of the 20 best brains under 40 by Discover. Quite a CV, huh? And the show absolutely

0:47.2

does live up to that CV and a huge thanks to Layla Sturdy at Capital G for the intro to Lewis

0:51.7

today without which this episode would not have been possible. But before we move into the show state, if you're a founder or operator, your most

0:57.8

important job is people operations, whether that be hiring execs, developing managers, or retaining

1:03.2

top talent. And that's why you need lattice. Latus is the number one performance management

1:07.4

solution for growing companies. With lattice, it's easy to launch 360 performance

1:11.6

review cycles as often as you want. And you also get an incredible continuous feedback system with

1:16.6

OKR goal tracking, real-time feedback and one-on-one meetings to ensure employees get feedback between reviews.

1:22.9

So find out why the lights of Coinbase, PlanGrid, Birchbox and Weepay, trust Latis as their performance

1:28.0

management solution by heading over to Latis.com to start investing in your people. That's

1:32.5

lattice.com, the number one performance management solution for growing companies. And speaking of

1:37.0

number one there, you must check out Recurley, the company powering subscription success,

...

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