Readlax

Speed Reading Platform
Startup name
Readlax
Founding date
April 2017
Incorporation
No
Total team member
4
Startup stage
Users
Category
Software
Sector
Education
Product usage or interact
Desktop
City
Kiev, Kyiv City, UA

Elevator pitch

Problem - Get Knowledge Faster:

1) Search Information
2) Get new Knowledge
3) Train Brain
4) Save Time

Solution
1) Train Focus when read (Google Books, Scribd,…)
2) Block Subvocalization
3) Train Phrase Recognition (Decoding)
4) Train Comprehension
5) Train Retention (Memory)

Team

Anastasiia Yurieva

My name is Anastasiia. I'm QA engineer from Kiev, Ukraine. Before Readlax I've been working with Oleksandr (Founder of Readlax) 2 years on his tech blog (http://techandscience.com) on QA position. Now we are working together on Readlax, reading platform.

Irina Ziakhor

I'm Iryna - web developer from Kiev, Ukraine. I have 7 years of web development experience. Before Readlax I was working with Oleksandr Golovatyi 4 years on Front-end position. At that time he was my team leader and we together working on the same web project. Now I'm co-founder of Readlax.

Oleksandr Golovatyi

I'm Oleksandr Golovatyi from Kiev, Ukraine. I'm web developer more than 10 years of experience. Two year ago I finished Speed Reading courses in Kiev and started reading 100 books a year. After that I decided to help self-educated persons to get knowledge much faster with speed reading skill.

Business model

Target customer

books readers and self-educated persons who want get knowledge faster

Customer acquisition strategy

Freemium model with 2% conversion from Free to Paid plans

Revenue model

2-3 $/month Subscription plan with 2-week trial

Market info

Market size

$ 100,000,000

Competition

Spreeder CX Desktop App;
Spritz website and Chrome Ext;
Legentas website (online training);
Iris App (Mobile: iOS, Android)

All of them don't give real solution how to get knowledge fast, they train only 1-2 skills which don't give real solution for self-educated persons

KPI's

  • 948 Chrome installations

Startup traction

Total Current Users (Installations) of Readlax Chrome Extension - 948 users (https://chrome.google.com/webstore/detail/readlax-speed-reading/noggimpgfjnknjblddfibbdnocffdoii)

Publication date: 02 October 2017