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FlipWord isn't accepting new investments

FlipWord’s deadline was May 1, 2017

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FlipWord

Changing the way we learn languages
B2C Edtech Women Founders Language Learning
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$81,708
Raised
192
Investors
Successfully funded and closed on May 1, 2017.
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Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
FlipWord Crowd SAFE
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Hear from some of the 192 investors in FlipWord


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Deal highlights

  • A unique way of teaching language by integrating learning into everyday activities
  • Over 6,000 signed-up users for beta with over 50% user retention
  • $5 billion online language learning industry
  • Technical founders with Facebook, Amazon, and New Oriental (Asia's largest language-training company) experience
Today’s methods of learning a language are ineffective

Based on the Ebbinghaus Forgetting Curve, half of new memories are lost within a few days unless reviewed. Language educators and app developers have been scrambling to increase the effectiveness of their lessons. These efforts, however, have done very little to improve results, because they fail to address the core problems.

Failure rates for learning languages with apps or in school

None of today’s methods have solved the root causes: lack of time, memory, and procrastination.

Language apps schedule learning and review for users, but:

  • People ignore scheduled notifications.

  • People procrastinate studying.

  • People stop visiting school or the app entirely.

  • Knowledge fades. Review habits don’t stick.


FlipWord integrates language learning into everyday web browsing.
FlipWord app integrates into everyday browsing to help you learn a new language

FlipWord is a Chrome Extension (and soon mobile app) that intelligently and automatically replaces a few words with the language you want to learn on every English webpage, as you casually browse the web.

Browse normally while learning language




How it works
Browse, learn, practice

Browse the internet: FlipWord will underline and replace words on web pages you visit


Hover cursor over words and learn: You can hear spelling, practice by typing it or even watch a music video containing the word


Hover over for mini quizzes: In time, FlipWord will show you quizes to check and review learned words. You earn points if you get it right!


Simply hover over to access a bite-sized lesson and gamified communication practice. Your knowledge will grow exponentially, quantified through progress charts and various tiny quizzes.

Your browser does not support HTML5 video.

No time must be set aside to learn. Instead, you constantly learn as you browse your favorite content. FlipWord makes sure this personal but effective habit will accompany you through life.



Idea & Technology

Immersion without immersion

Language is a unique subject. Math and science can be contained in a classroom environment, language cannot. It is a skill used across all aspects of a day. Language must therefore be practiced consistently and in a personalized manner. FlipWord’s approach works with your current routine, naturally maintaining engagement.


Learning like babies do

Babies never fail at learning their mother tongue. Why?

For babies, “language learning occurs spontaneously while playing with toys, listening to parents’ conversation, etc.”  (Kuhl, 2015). Everything they learn comes from their surroundings, gets repeated, and used during daily life. By integrating language learning into an adult’s daily routines, FlipWord enables adults to learn naturally, like a baby.


Natural learning environment

Natural learning environment is recognized as the most ideal instruction.

Natural learning environment embeds information that students need to learn into authentic tasks that they have to do or intrinsically enjoy doing

FlipWord creates a natural experience by augmenting the content you normally browse, providing a comfortable and personalized environment. This is practical since it is tailored to the words and content that you use most in your native language. Research shows that integration into daily life is important for learning. We’ve designed FlipWord to ensure learning a new language is effective and easy, even for the busiest of people.


Spaced repetition

Spaced repetition chart

FlipWord’s algorithms are based on spaced repetition, a well-tested method for maintaining knowledge over time. Rather than learning clustered content like in a classroom setting, spaced repetition revisits material before it is forgotten. FlipWord makes spaced repetition in practice very similar to the theoretical curve, placing review near the exact optimal moment required.



Current traction
50% retention rate, over 6000 sign-ups, 8 languages

Retention – beats industry leader in key metric

Current user retention rate is 50%. This is already above the current retention rate of Duolingo, a popular language learning app.

Retention comparison with DuoLingo

Sign-ups

Through word-of-mouth, we’ve reached over 6,000 email sign-ups. We have several channels with early results which will help us exponentially grow this number going forward.

8 Languages

Currently, FlipWord supports 8 languages, with material designed by native speakers. We plan to focus on pushing the limits of efficacy with a few, before expanding to cover most of the world’s languages. 

Cozad Top Prize

Top prize in the COZAD competition



Early user reviews

We've received very positive feedback from our early users. Basic skills (recalling, speaking a few words) are achievable within minutes. 

User testimonials for FlipWord


Business model


FlipWord’s business model is structured around learning. A subscription fee is charged every month. For every day you hit your minimum goal, you are refunded – it's free.

FlipWord Business model: pay if you don't use it, it's free if used daily!

Charging based on usage provides an additional extrinsic motivator to learn. In addition, the experience is gamified, making using the app more fun and rewarding for the user.

Based on our initial tests, this method provides a positive feedback loop. Just like grades at the end of a semester, this continuous challenge pushes students to persist in ways they wouldn’t otherwise.



Market opportunity

The language industry includes language enthusiasts and test takers. Language enthusiast markets exist worldwide, with around 500 million active learners of all the world’s languages. Test taker markets mainly exist in non-English countries, such as China and Korea, with more than 1.5 billion people actively learning English alone.

Language learning market size

In 2015, the most popular app among language enthusiasts, Duolingo, had an income of $3.58 million while New Oriental, China’s English test leader, reached a 2015 income of $1.25 billion. The average spent for each of Korea’s 25 million residents per year is $500 on English training, totalling $25 billion.



Invest in FlipWord


Next steps


  • Improve Learning System – Continuous upgrades over 6 months

    • Add more grammar-based lessons for faster speaking proficiency

    • Increase effectiveness to time ratio; goal to double this year

    • Research effects of gamification to increase motivation and retention

    • Create secondary experiences to augment beyond word replacement

  • Features for connecting learners – Continuous upgrades through 2017

    • Users to be challenged through friendly competition

    • Users to communicate directly for extra practice

    • Users to see and hear other’s progress for motivation

FilpWord mobile app is coming soon
  • Release Mobile App – Target alpha in 3 months

    • Prototype Android and iOS versions

    • Aim to simplify learning across platforms

    • Adapt similar experience to mobile environment

    • Experiment with unique-to-mobile methods

  • Market Experiments – Release within 2017

    • Deploy gamified business model

    • Release pilot in Korean test taker market

    • Partner with educators and influencers




Founding team
Thomas Reese


FlipWord started as a way to fill the motivation gap. Thomas experienced self-studying Chinese as a Master’s student majoring in Computer Science at the University of Illinois at Urbana-Champaign (UIUC). Four years of high school Spanish had already faded. He wasn’t willing to let that happen again, but still found the language slipping away after trying all kinds of language apps. Frustrated, he created FlipWord, which was designed to help him review Chinese words without any extra effort. He soon acquired a large Chinese vocabulary using FlipWord. As soon as friends of friends started asking how to download it, he knew there was a big opportunity to solve the biggest barrier to language learning. In 2015, Thomas used FlipWord to win the Top Prize at the UIUC Cozad New Venture Competition. With a background at Facebook and Amazon, Thomas used his solid programming knowledge to make FlipWord fast, effective, and intelligent.

Yinghua Yang


Yinghua joined the company as a co-founder after meeting Thomas and working on projects at Hackathons. They shared a common interest in passive language learning but for different reasons. As a language instructor and Master’s student in the Department of Linguistics at UIUC, Yinghua had experienced a common drop-off of language retention among students due to the mainstream language pedagogy flaw -- teaching inside a closed environment. She switched gears and began to design passive language learning apps. After creating multiple award-winning apps through Hackathons, Yinghua officially joined FlipWord in May 2016 and guided FlipWord to become a comprehensive app that teaches all aspects of a language. With a background at New Oriental, Yinghua also leads FlipWord to explore the lucrative market for language testing in Asia. In addition, Yinghua is responsible for all design at FlipWord due to her UI/UX design expertise.


Team

As we’ve grown the company, we’ve added a diverse team of interns from UIUC, Stanford and around the world with strong backgrounds in software development, languages, and marketing. They work with us to build the product, enhance the language content, and engage users. We look forward to growing the team in the future, to bring on more great talent who can help create a paradigm shift from traditional lessons to methods not possible until recently.



Let’s give people the power
of universal understanding

We realize that much of the conflict, large and small, throughout the world boils down to not understanding the other side. One of the biggest barriers standing in the way is language. Only by first understanding a language can you truly see through the lens of a culture and its individuals. Our goal is to tear down that wall.

If you talk to a man in a language he understands, that goes to his head. If you talk to him in his language, that goes to his heart. Nelson Mandela

We believe our simple and effortless methods will increase mutual understanding between peoples of different communities and countries, and lead to more poly-linguals, and a more connected world.


In this spirit, we invite you to become part of our journey.

Deal terms


Valuation cap

$5,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for FlipWord occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$20

The smallest investment amount that FlipWord is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that FlipWord is accepting.
Learn more

Funding goal

$500K

The maximum amount the offering can raise is $500K.
Learn more

Deadline
FlipWord needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
FlipWord Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in FlipWord.
Invest
$59
Receive
  • Our heartfelt gratitude, and a permanent place on our Thank You page. You'll also be the first to know about our updates.
Invest
$129
Receive
  • First access to new product features, Investor badge on your FlipWord profile & leaderboards, plus a special spot on our Thank You page, and FlipWord updates.
Invest
$339
Receive
  • A personal Thank You video, featuring us yelling your name from a mountain top, plus all the previous perks: first access to new product features, badge, spot on our website & updates.
Invest
$559
Receive
  • Exclusive early access to FlipWord Android and iOS mobile apps, plus all the previous perks: a thank you video, first access to new product features, badge, spot on our website & updates.
Invest
$1,500
Receive
  • Your own word! Display your name (or your brand) as the “Word Sponsor” inside FlipWord’s tooltips of any 3 words that you choose! Plus all previous perks.
Invest
$3,000
Receive
  • Get a lifetime premium membership of FlipWord! Plus all previous perks, including "Word Sponsor", exclusive access to features and apps, thank you video, badge, and updates.
Invest
$5,000
Receive
  • A 1-hour video call with both of the co-founders to talk about FlipWord, technology, business or anything else – in addition to lifetime membership of FlipWord, "Word Sponsor" and all previous perks.
Invest
$10,000
Receive
  • We'd love to meet! Meet both of the co-founders in person over a nice dinner on us. You also get lifetime premium membership of FlipWord, "Word Sponsor", early access to apps and features, a special badge, Thank You video and page spot, and updates.
Invest
$15,000
Receive
  • Seat on the FlipWord Advisory Board, plus a dinner with both of the co-founders, in addition to the lifetime premium membership of FlipWord, "Word Sponsor", early access to apps & features, a special badge, Thank You video and page spot, and updates.

Endorsed by

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About FlipWord

Founded
Jul 2015
Form
Delaware Corporation
Employees
2
Website
flipword.co
Social Media
Headquarters
Google Map location of of FlipWord
, Palo Alto, CA
Headquarters
Palo Alto, CA, United States 94306

FlipWord Team
Everyone helping build FlipWord, not limited to employees

Profile picture of Thomas Reese
Thomas Reese
Co-Founder
Computer Scientist, Multi-lingual entrepreneur, Software engineer @ Facebook and Amazon, UIUC alumni, Foreign local.
Profile picture of Yinghua Yang
Yinghua Yang
Co-Founder
Linguist and UI/UX designer, Multi-lingual entrepreneur, Lecture @ New Oriental, UX researcher @ John Deere, UIUC alumni, Advanced doodler
Profile picture of Ji Woong Hong
Ji Woong Hong
Korean Market Lead
Profile picture of Jaebum Lee
Jaebum Lee
Web Developer
Profile picture of Jenny Tran
Jenny Tran
iOS Developer
Profile picture of Vivian Xiao
Vivian Xiao
Designer
Profile picture of Matthew Sun
Matthew Sun
Web Developer
Profile picture of Matt Ao
Matt Ao
Web Developer
Profile picture of Elijah Spiegel
Elijah Spiegel
Web Developer
Profile picture of Jerry Gong
Jerry Gong
Web Developer
Profile picture of Devin Ho
Devin Ho
Web Developer
Profile picture of Melissa Chen
Melissa Chen
Designer
Profile picture of Veer Siraj Shah
Veer Siraj Shah
Marketing
Profile picture of Jayaram Yeluri
Jayaram Yeluri
iOS Developer
Profile picture of Paul Rizo
Paul Rizo
Language Expert
Profile picture of Kent Uchida
Kent Uchida
Language Expert
Profile picture of Hayne Kim
Hayne Kim
Android Developer
Profile picture of Allegra Domel
Allegra Domel
Android Developer
Profile picture of Chris Young
Chris Young
Android Developer
Profile picture of Joseph Procopio
Joseph Procopio
Android Developer
Profile picture of Eric Huang
Eric Huang
Designer
Profile picture of Eric Huang
Eric Huang
Designer
Profile picture of Marcus Lampert
Marcus Lampert
Language Expert
Profile picture of Christ Chueh
Christ Chueh
iOS Developer
Profile picture of KyuSan Jun
KyuSan Jun
Language Expert
Profile picture of Vikram Seshadri
Vikram Seshadri
iOS Developer
Profile picture of Annie Kim
Annie Kim
Web Developer
Profile picture of Carlos Reyes
Carlos Reyes
Web Developer
Profile picture of Richard Verdin
Richard Verdin
Marketing
Profile picture of Idam Obiahu
Idam Obiahu
Web Developer
Profile picture of Iohitaksh Gugpet
Iohitaksh Gugpet
Web Developer
Profile picture of Dejun Qi
Dejun Qi
Web Developer
Profile picture of Madhav Kumar
Madhav Kumar
Web Developer
31 more team members
Thomas Reese
Co-Founder
Yinghua Yang
Co-Founder
Ji Woong Hong
Korean Market Lead
Jaebum Lee
Web Developer
Jenny Tran
iOS Developer
Vivian Xiao
Designer
Matthew Sun
Web Developer
Matt Ao
Web Developer
Elijah Spiegel
Web Developer
Jerry Gong
Web Developer
Devin Ho
Web Developer
Melissa Chen
Designer
Veer Siraj Shah
Marketing
Jayaram Yeluri
iOS Developer
Paul Rizo
Language Expert
Kent Uchida
Language Expert
Hayne Kim
Android Developer
Allegra Domel
Android Developer
Chris Young
Android Developer
Joseph Procopio
Android Developer
Eric Huang
Designer
Eric Huang
Designer
Marcus Lampert
Language Expert
Christ Chueh
iOS Developer
KyuSan Jun
Language Expert
Vikram Seshadri
iOS Developer
Annie Kim
Web Developer
Carlos Reyes
Web Developer
Richard Verdin
Marketing
Idam Obiahu
Web Developer
Iohitaksh Gugpet
Web Developer
Dejun Qi
Web Developer
Madhav Kumar
Web Developer

Press

Wired In: Yinghua Yang
News-gazette News-gazette
·
May 14, 2017

Each week, staff writer Paul Wood chats with a high-tech difference-maker. This week, meet YINGHUA YANG, co-founder of Fl...

Language Yozzi: Review of Flip Word - the lazy way to lea...
Yozzi.com Yozzi.com
·
Apr 8, 2017

¿Quieres mejorar tu habilidad para escribir en español? Puedes subir artículos y recibir comentario de hispanohablantes n...

FlipWord. Apprendre une langue en surfant sur le web
Outilstice Outilstice
·
Feb 25, 2017

FlipWord est un tout nouvel outil qui va transformer votre navigateur web en un formidable outil pour apprendre une langu...

FlipWord: Technology competition presents students with s...
The Daily Illini The Daily Illini
·
Feb 6, 2017

February marks the start of the annual Cozad New Venture Competition - a three-month-long startup competition hosted by t...

Learn a language while browsing
WGN Radio - 720 AM WGN Radio - 720 AM
·
Feb 3, 2017

Scott talks to CEO Thomas Reese and COO Yinghua Yang about FlipWord and how it gives you the ability integrate language l...

Wired In: Thomas Reese
News-gazette News-gazette
·
Jan 24, 2016

On Sundays, staff writer Paul Wood spotlights a high-tech difference maker. This week, meet Thomas Reese, 24, CEO of Flip...

10 Chicago Startups We're Watching This Summer
Chicago Inno
·
Jun 9, 2015

From a better way to buy plane tickets to a startup that's cutting your energy bill, these are Chicago companies to keep ...

UIUC's FlipWord Helps You Learn A Language While You Wast...
Chicago Inno
·
May 27, 2015

Wasting time on the web is not a new concept for the Internet age. But what if that time spent on Facebook, Reddit, and T...

Show all
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FlipWord

FlipWord successfully raised $81,708 from 192 investors on May 1, 2017
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