Re:Why Education Startups Do Not Succeed (2011)
by malloryerik on Wednesday November 15, 2017 @11:28PM
(#15710261)
Is Duolingo actually making money?
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Re:Why Education Startups Do Not Succeed (2011)
by orb_yt on Thursday November 16, 2017 @12:09AM
(#15710387)
They started off with a business model which entailed having users translate documents for partners. Last I read, they have pivoted to using ads and in app purchases, along with charging for certifications. I don't know whether or not they are turning a profit with these methods.
Re:Why Education Startups Do Not Succeed (2011)
by askvictor on Thursday November 16, 2017 @12:16AM
(#15710418)
Is uber actually making money? Is Twitter actually making money?
Re:Why Education Startups Do Not Succeed (2011)
by richardknop on Thursday November 16, 2017 @01:37AM
(#15710650)
Facebook, Airbnb, Stripe, PayPal, Hulu etc are making money. I think the point is that if education is a good area for entrepreneurs to make money, there should be some example success stories already. So far, nothing worth mentioning in education segment.
Re:Why Education Startups Do Not Succeed (2011)
by askvictor on Thursday November 16, 2017 @07:13PM
(#15717916)
My point was that you can be big (and successful for some definitions of success) without being profitable.
Re:Why Education Startups Do Not Succeed (2011)
by richardknop on Friday November 17, 2017 @09:38AM
(#15722254)
How? Other than non profit / charity, how do you get money to pay expenditures?