![]() However, the founders– Joe Thomas, Vinay Hiremath, and Shahid Khan– realised the business model was not working. In 2015, Loom (then called Opentest) started its life as a network of experts giving feedback on companies’ products. ![]() Loom can help with recording product demos, giving feedback, or simply sharing thoughts. Using Loom users can record their screen, share their thoughts visually, and provide asynchronous feedback. With funding of USD 203 million and a valuation of more than USD 1.53 billion, Loom is the leading video communication platform for async work. The Grammarly keyboard is also quite popular among Android and iPhone users. Marketers, sales professionals, engineers, support specialists, entrepreneurs, and students use Grammarly to communicate more effectively every day. The proprietary software is available in a variety of forms- online text editor, browser extension, desktop application and mobile app. Grammarly serves 30,000 professional teams across a variety of industries. Today, Grammarly has a post-money valuation of around USD 10 billion, and has raised a total of USD 400 million over 3 rounds. The browser extensions accelerated Grammarly’s growth from 1 million daily active users in 2015 to 30 million in 2020. Later on, Grammarly released browser extensions for Safari, Firefox, and Edge as well. In 2015, it launched its free browser extensions for Google Chrome and shifted to a freemium model. In 2014, Grammarly launched MS Office plugins, allowing users to access Grammarly’s grammar checker and plagiarism detection technology directly in Word and Outlook. Their initial customers were mostly students and universities. Founded by Max Lytvyn, Alex Shevchenko, and Dmytro LiderMax Lytvyn, the company’s initial focus was on grammatical error correction to help with writing. Grammarly is a proprietary software used to review spelling, grammar, punctuation, clarity, engagement, and delivery mistakes. Here’s a list of Chrome extensions that metamorphosed into big companies. ![]() In the Chrome store, 10,000 users use an extension on an average compared to 667 users using 1 iOS app in the App Store and 500 users using 1 Android app in Play Store. He cited stats to show how launching a Chrome extension gives it 20 times more potential users than an iOS app. Greg Isenberg, CEO, Late Checkout (a product studio, fund and agency that designs, creates and acquires web3 and community-based technology businesses) and advisor at Reddit, explained why some Google Chrome extensions generated huge values.
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