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#30 Selling your startup and buying it back with Steve Ridout
Manage episode 455323787 series 3607183
Kandungan disediakan oleh Tobias Arweiler. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Tobias Arweiler atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
In this episode, we're talking to Steve Rideout, founder of ReadLang, who turned his own struggle with learning Spanish into a successful language learning product.
We dive into his journey of building ReadLang from a simple translation tool to a $10K+ MRR business, including its unexpected detour through Duolingo - where Steve not only sold his company but also helped create Duolingo Stories, before buying ReadLang back at a quarter of the original price.
Other topics include how Steve achieves growth purely through word of mouth, his experience with freemium pricing from $10/year to $48/year, and how he's managing to thrive in an increasingly AI-dominated language learning space.
We also talk about the challenges of being a solo founder, when to focus on product versus marketing, and the surprising observation that his best revenue months coincide with when he works the least.
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Steve's Website: https://steveridout.com/
Steve's Twitter: https://x.com/Steve_Ridout
Readlang Website: https://readlang.com/
My own website: https://icebearlabs.com
You can find this podcast on: https://codeandconquer.fm
Find our product here: https://www.repodcasted.com/
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