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#30 Selling your startup and buying it back with Steve Ridout

#30 Selling your startup and buying it back with Steve Ridout

Released Friday, 13th December 2024
Good episode? Give it some love!
#30 Selling your startup and buying it back with Steve Ridout

#30 Selling your startup and buying it back with Steve Ridout

#30 Selling your startup and buying it back with Steve Ridout

#30 Selling your startup and buying it back with Steve Ridout

Friday, 13th December 2024
Good episode? Give it some love!
Rate Episode

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.

___

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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