Dmitry Gurski

And then when we proved that our ideas are worth and this is a good, sustainable business, then it became easy.

And then when we proved that our ideas are worth and this is a good, sustainable business, then it became easy.

No, because I'm just trying... Like, look, like... Being just rational. Some weird folks from Belarus starting period tracker and promising that it will become unicorn. And there are no examples of that. And why would you believe in that? Nobody who is rational would believe in that. Now it's so evident. But at that moment, it was pretty rational not to believe.

No, because I'm just trying... Like, look, like... Being just rational. Some weird folks from Belarus starting period tracker and promising that it will become unicorn. And there are no examples of that. And why would you believe in that? Nobody who is rational would believe in that. Now it's so evident. But at that moment, it was pretty rational not to believe.

No, because I'm just trying... Like, look, like... Being just rational. Some weird folks from Belarus starting period tracker and promising that it will become unicorn. And there are no examples of that. And why would you believe in that? Nobody who is rational would believe in that. Now it's so evident. But at that moment, it was pretty rational not to believe.

The main job of an early stage investor is to distinguish cases with 100% of failure with cases with 99% of failure and cases with small potential outcome and big potential outcome. You should find cases when failure is not 100% guaranteed and potential outcome is big. And it means that for you, the most significant is to understand that the team is not stupid. They know what they do.

The main job of an early stage investor is to distinguish cases with 100% of failure with cases with 99% of failure and cases with small potential outcome and big potential outcome. You should find cases when failure is not 100% guaranteed and potential outcome is big. And it means that for you, the most significant is to understand that the team is not stupid. They know what they do.

The main job of an early stage investor is to distinguish cases with 100% of failure with cases with 99% of failure and cases with small potential outcome and big potential outcome. You should find cases when failure is not 100% guaranteed and potential outcome is big. And it means that for you, the most significant is to understand that the team is not stupid. They know what they do.

And by that, you would reduce your chances of failure from 99% to 95%. But then market should be big because it's impossible to get a disproportional outcome from a small market.

And by that, you would reduce your chances of failure from 99% to 95%. But then market should be big because it's impossible to get a disproportional outcome from a small market.

And by that, you would reduce your chances of failure from 99% to 95%. But then market should be big because it's impossible to get a disproportional outcome from a small market.

I might answer this question just using benchmarks, for example. What's the difference between Flow and Dolingo? Partially, it's a scale of revenue. We have 200 million, they have 600 million, and it's achievable in several years for us to be in the range of 600 million.

I might answer this question just using benchmarks, for example. What's the difference between Flow and Dolingo? Partially, it's a scale of revenue. We have 200 million, they have 600 million, and it's achievable in several years for us to be in the range of 600 million.

I might answer this question just using benchmarks, for example. What's the difference between Flow and Dolingo? Partially, it's a scale of revenue. We have 200 million, they have 600 million, and it's achievable in several years for us to be in the range of 600 million.

Because it's a public company which simultaneously is growing very fast top line and bottom line. They have simultaneously 40-50% of top line growth and they have very nice profitability growth. It's extremely rare to see such companies as a public company. old rule of 40, and you rarely see rule of 40, 50, 60 at the public markets.

Because it's a public company which simultaneously is growing very fast top line and bottom line. They have simultaneously 40-50% of top line growth and they have very nice profitability growth. It's extremely rare to see such companies as a public company. old rule of 40, and you rarely see rule of 40, 50, 60 at the public markets.

Because it's a public company which simultaneously is growing very fast top line and bottom line. They have simultaneously 40-50% of top line growth and they have very nice profitability growth. It's extremely rare to see such companies as a public company. old rule of 40, and you rarely see rule of 40, 50, 60 at the public markets.

People believe that they still have good potential for expansion because there are so many learners of foreign languages in the world. I think combination of these two factors, but I think mostly it's just because combination 40% top line growth and the 20% growth of, the proportional growth of profitability is so rare.

People believe that they still have good potential for expansion because there are so many learners of foreign languages in the world. I think combination of these two factors, but I think mostly it's just because combination 40% top line growth and the 20% growth of, the proportional growth of profitability is so rare.

People believe that they still have good potential for expansion because there are so many learners of foreign languages in the world. I think combination of these two factors, but I think mostly it's just because combination 40% top line growth and the 20% growth of, the proportional growth of profitability is so rare.