DUOLINGO IS MISSION BASEDįor one, Duolingo is a mission-based company. When I started this project, I was super ecstatic to help Duolingo accomplish its mission, but it didn’t take me long to get confused. Duolingo is designed to feel like a game and scientifically proven to be effective.”ĭuolingo’s operating principles include: Learners first, Take the long view, Prioritize ruthlessly, Strive for excellence, We haven’t won yet, Test everything, Ship it, All for one, One for all, and Be candid and kind.Īmazing, right? But here’s where my confusion started: “The company’s mission is to make education free, fun, and accessible to all. In other words, IPO = more funds available for Duolingo to do good things! To bring free language learning to the world! As someone who is passionate about solving socio-economic problems through digital upscaling, I was so stoked.ĭuolingo’s mission statement found on their website is as follows: The increased transparency and share listing credibility can also be a factor in helping it obtain better terms when seeking borrowed funds as well.” T his gives the company a greater ability to grow and expand. “An IPO is a big step for a company as it provides the company with access to raising a lot of money. I’ll spare you all the details, but basically I know a little bit about S-1s.Īnd as such, I was intrigued when I heard Duolingo recently IPO’d on the NASDAQ. I was an economics and accounting major in college: I spent countless hours in our campus library studying financial statements, memorizing economic formulas, and networking with people who wanted to become accountants or investment bankers. Either way, I appreciate the visit! 🙂 Foreword Otherwise, the thought process behind this project is detailed below. If you are short on time, feel free to click here to jump to the final solution.
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