easy ten for silicon valley meets russia 2014
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easy ten for Silicon Valley Meets RussiaTRANSCRIPT
easy ten
AppStore rating !
based on 1000+ reviews
Users have learned
43 000 000+ new words
500 000+ downloads
LTV = $0,34CAC = $0,09
Mobile app that helps you learn 10 new foreign words a day
easy ten
EXECUTIVE SUMMARY• easy ten is a mobile app that helps busy people to study foreign language
by learning 10 new words a day.
• Our system is based on a scientifically proven form of repetition, which our team of cognitive neuroscientists & mathematicians has been developing for several years.
• We’re raising a Seed round to (1) enhance our technology of content personalization & viral mechanics, then (2) scale faster by adding 14 more language pairs at a time.
• Our goal is to become a world’s most popular language learning ecosystem, integrating language learners and teachers.
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easy ten
PROBLEM: LEARNING TAKES TOO MUCH TIME
• Spaced repetition is the most critical component of language learning.
• Optimal focus time of our brain is 2–3 minutes, this reaffirms that the bit-sized learning blocks are most effective.
• Learning foreign words is a major issue of all language learners and we manage to optimize it up to 40%.
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Due to poor use of spaced repetition and a large volumes of memorized information we forget up to 90% of what we learn
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PRODUCT
GAMIFICATIONMNEMONIC TECHNIQUES
VIRALITY CROWDSOURCING
Achievements, Lieder boards & Levels keep our users engaged and provide constant feedback on their progress.
easy ten proved to be valuable starting from 30-sec. usage sessions. And its
intensive techniques such as BrainBoost even doubles learning effectiveness.
Our users love to tell their friends about easy ten, aseptically when we give them
extra days of subscription for every invitee.
Users are able to share their lists of words. This makes easy ten to be a great tool for
teachers, enabling them to interact with their students or even find new ones in the app.
REMINDERS TRAININGS
LATEST EXAMPLES
We’re bringing learning out of the app. You don’t even have to run easy ten duding
the day. Just open it once to start receiving offline word/translation reminders.
easy ten trains all kinds of language skills: spelling, hearing and pronouncing.
Along with the dictionary definitions, we provide users with the real life examples of
words usage from twitter. Sorted and filtered, only the top relevant tweets meet our users.
LINGVOPROFILE
To visualize the studying progress, we create a personal linguistic profiles for every user that highlights the learning path.
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!unlim
for
$29,99
1 month
for
$ 2,99
SUBSCRIPTION LEADS GENERATION
1 year
for
$14,99
User gets prize from our client e.g. Discount, Free lesson, Coupon, etc.
+7 Fills-in his data to activate it
Client pays us for each new customer
63% revenue
14% revenue
21% revenue
B2B2C BUSINESS MODEL
easy ten
THE MORE YOU LEARN, THE BETTER YOUR CONTENT ISOur technology tracks and analyzes individual linguistic behavior to provide users with personalized study course and recommendations from our partners.
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Word{length}
{frequency} {complexity}
{part of speech} {subject}
{relevance} {importance}
etc. !!
Offline schools
Online Schools
Language clubs
easy ten
SCIENTIFICALLY PROVENNew words retention*
after studying for 15 min with:
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Textbooks
Flashcards
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Carousel
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BrainBoost
1x
2x
3x
* Now performing experiments at MIPT, data is incomplete. Yet confirmed by thousands of pieces of anecdotal evidence. See iTunes reviews.
4x
easy ten
RAPIDLY SCALABLE MODELNo feature gets in easy ten if it’s not easy scalable. That is why we focus on adaptive technologies, user retention and virality.
Localization and adding 14 more lingual pairs is as simple as licensing dictionaries from Harper Collins inc.
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WE REDUCE CAC VIA ANY PAID CHANNEL BY DRIVING ORGANIC AND VIRAL INSTALLS
Virality 20% Organics 40%Paid installs 40%
It makes us independent from the local markets pricing factors
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BUSINESS
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Mobile !Language-learning
Offline !Language-learning
CAGR = 36,7% CAGR = 14,5%
$58,7 bln Annual market size
30%
$17,6 bln Marketing costs
10%
$1,7 bln Online
marketing
1,71 bln Smartphone users
30%
513 mln Language learners
20%
154 mln Our potential
users
Our goal is to have 50% Mobile Assisted Language Learning market share by 2017, which is
$880 mln
Lead price до 10$
Dec 2013 Jan 2014 Feb 2014 March 2014 April 2014 May 2014
MAU 42 500 58 300 61 500 68 000 70 000 73 000Revenue 2 240 $ 3 050 $ 3 440 $ 3 870 $ 4 120 $ 6 850 $
PRESS APPEARANCE PARTNERS
USERS TRACTION
iPhones.ru
COMPETITIVE LANDSCAPEMobile-first adaptive expert+user content
Mobile-first expert+user content
Web-first Content platforms
Web-first User content
Expert content
easy ten
ESTIMATED GROWTH
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We’ve managed to build the team that rocks and the product that kicks without any investment. Now its time to boost our metrics and scale!
Metrics Current KPI (1 year)
Downloads 500 000 2 500 000
Churn (30 days) 35 % 20 %
MAU 70 000 640 000
LTV 0,34 $ 1 $
Viral K 0,2 0,5
# language pairs 1 14
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PRODUCT SCALING GLOBALISATION B2B SALES SCALING
Tablets version
Android version
Windows Phone version
Web browsers extensions
China
India
Brazil
Japan
Europe
LMS platform
SaaS for schools
Teacher tools
1 2 3
PRODUCT ROADMAP
easy ten
THE ECONOMICS OF GROWTH
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Year 12013-2014
Year 22014-2015
Year 32015-2016
Language pairs 1 14 24
Downloads 470 000 2 500 000 10 000 000
LTV 0,20 $ 1 $ 2,46 $
Revenue 95 000 $ 2 500 000 $ 24 600 000 $
Marketing 38 000 $ 360 000 $ 8 500 000 $
Opex 140 000 $ 500 000 $ 1 880 000 $
EBITDA -83 000 $ 1 640 000 $ 14 220 000 $
Seed Round A
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TEAM
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Sergey Muratov iOS Developer
Bioinformatics and cognitive technology intern, MIPT.
Nikita Pestrov COO
Bioinformatics and cognitive technology intern, MIPT.
Dmitry Zaryuta CEO
Medical doctor, designer, marketer.
Vasily Sochinsky Android team-lead
Bioinformatics and cognitive technology intern, MIPT.
Alexey Goncharov iOS developer
Computer linguist, MIPT.
Kirill Potehin Back-end engineer
Former QSOFT developer.
~ FOUNDERS TEAM ~
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Victor Safronov Big data engineer
PHD at Machine learning, MIPT
Eliah Snakin CTO
Scrum & Agile evangelist,
iOS, PHP, JS expert
Leonid Repin Back-end Architect
9 years experience, former CTO at Lanvell
Imil Ziyaztdinov Android Developer
Student at Business Informatics faculty, HSE
~ EXECUTIVE TEAM ~Rapid growth requires both scientific & practical skills. That is why we have industry stars with experience in product management, code architecture and machine learning on our team.
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We have the lift-offNow to reach our goals we are
closing a seed round and searching for a partners with global mobile
market scaling expertise
Dmitry Zaryuta CEO & Founder, easy ten
[email protected] +79653815000
easy ten
PS. VISION• As globalization emerges, we can’t afford not to speak several foreign
languages to be successful. Modern time-lacking lifestyle dictates that learning of foreign languages should be as efficient as humanly possible.
• easy ten will emerge as an adaptive matrix of bit-sized fundamental knowledge blocks, connecting teachers and students and helping them interact with each other.
• Plugged into all the world’s major learning environments, including browsers, e-readers, mobiles, tablets, glasses, smart watches, cars and even devices that don’t exist yet, easy ten will turn them into your personal language tutors. Learning should be a part of everyday life.
• Whether easy ten continues to grow on our own, or as part of a larger education-focused company, we will continue to lead the movement of optimizing language learning in the decades ahead.
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