Henry Ellenbogen
speaker
1,069 appearances
1 recordings
1 series
first heard Dec 2025
last heard 16 Dec
Henry Ellenbogen’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Dec 2025 with 1.
Appearances
So many people are in one month, basically, incentive models, not even yearly one month.
And so we have to have been very transparent with our investors and told them what we're trying to do
deliver on those promises, but deliver on those promises over the right period of time.
Yes and no.
So there's really two parts of our portfolio.
When we're looking at what we call early stage growth companies, and it could be Duolingo as a private company, or it could be Duolingo after it goes public, but it's still not competitively advantaged.
And at that point in time, it didn't have cash flow.
It didn't have PE ratios.
We still, in our...
view that as an early stage growth company where we're saying in the future could be competitively advantage, the operating culture could be clearly established where we could look back and see the excellence of it and the adaptability of it.
And then we could look at the growth formula and really understand it.
And obviously along the way, we've really believed these are our kind of people who could scale organizations.
So when we look at something like that, we have to believe that when we look at the three plus three, we're underwriting it on a three-year basis in general, not always.
If it does what we think it can, not like it will, and I'm going to speak to that in a second, we would then want to buy more as it, in our lexicon, gets bigger, but also de-risks.
and then proves to be a competitively advantaged business and shows more resilience and shows the ability to financially balance growth, profitability, innovation, basically prove its ability in the case of Duolingo to become more of a power app, teaching speakers a foreign language
for more self-improvement, that it starts to do it for learning that basically increases educational ability to participate in the economic world.
They're obviously going to different subjects with chess.
So as you progress as a business more towards what we view as competitively advantaged business, that's for lack of a better word, big, but still has growth.
We underwrite those with a view that if it does that scenario, we would want to buy more.
And if not, we just can't get involved.
Showing 241–260 of 1,069 · page 13 of 54
← Previous
Next →