Imagine a language learning platform that helps you remember every new word http://lexicum.net info@lexicum.net angel.co/lexicum
Imagine a language learning platform that helps you remember every - - PowerPoint PPT Presentation
Imagine a language learning platform that helps you remember every - - PowerPoint PPT Presentation
Imagine a language learning platform that helps you remember every new word http://lexicum.net info@lexicum.net angel.co/lexicum The problem with learning vocabulary OTHER, 8% CONSUMING MEDIA, 5% REPEATING, 8% GAMES, 8% REPETITIVE
The problem with learning vocabulary
REPETITIVE WRITING, 53% FLASHCARDS, 27% GAMES, 8% REPEATING, 8% CONSUMING MEDIA, 5% OTHER, 8%
- What do learners use?
- Dictionaries
- Handwritten notes
- Flashcards
- What do teachers use?
- Glossaries
- Dedicated systems
- A solution has long been known
- Spaced repetition
- Leitner system
Correctly answered cards Incorrectly answered cards
- How can we fix it with
technology?
- An online vocabulary book
- Built-in dictionary
- Stores all words
- Generates exercises
- No extra effort!
It’s simple!
Look-up
It’s simple!
+
+
Build vocabulary
It’s simple!
Learn
- Next steps
- For teachers
- Gamification
- Storing context information
- Browser plugin
- B2C
- €10 annual subscription
- Free trial
- Free for teachers
Model
Starting point:
600,000 per year
B2B2C
€6m market
English learners in the UK
The way ahead
Q3 - classroom module, sharing - 10k users Year end – 50,000 users (5% conversion: €25k) 2015 – 0.5m users (€250,000) 2016 – 5m users (€2.5m)
Digital tools: growing at 15% per year
1.5 billion language learners
> €40 billion market
Results:
Beta on desktop and mobile
6,500 added words 1,300 sign-ups
Graduated Emerge Education Raised €35k at €400k valuation
25% growth per month
Content partnerships Other content sources
Some of my 15 year olds liked that it looks serious and professional Trials in schools:
Viviana Perino, foreign language teacher
I was looking forward to using the tool... for my students, and also for me
Sandra Young, interpreter, translator, language tutor
Just tried Lexicum and I absolutely LOVE it. Sleek, user-friendly, fantastic concept (and generally awesome.)
Liên Hoàng, learner
Competition
Current: Potential:
Vocable Trainer –
100-500,000 downloads
Poor dictionary and review, only one platform
Lingua.ly –
raised $500,000
Less platforms, less learning
- pportunities
Broader language learning tools
DuoLingo, RosettaStone, Biscuit Lack of focus, large
- pportunity costs
Publishers
Lack of focus, risk averse
Volker Hirsch, Advisor Nickola Dragov, Marketer Maria Koleva, Designer
Founders:
Stefan Kiryazov CEO Has lead 3 startups Martin Ruskov Product Manager Ed tech Phd. @ UCL Dimitar Atanassov CTO Built apps for Motorola, PWC and
- thers
Team:
Vivien Chang, Biz Dev
€200k for key hires
- developer
- marketer
- marketing budget
What do we need:
The journey has just begun.
lexicum.net info@lexicum.net Twitter: @lexicum_net angel.co/lexicum +44 7792697654
will change the way the world learns vocabulary