Startups & Ventures

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Idea: Instant clinic A place where a person may find all the available doctors in the city sorted by time, ratings, location, clinic, etc. There are such approx. similar websites. But I'm not sure they're the place where I can find a doctor in 2km near me to make an appointment in 2 hours. Ideally, it's a single place of "truth" for information regarding doctors and clinics in the city. So the clinics are interested to be added to the platform, to provide up-to-date information. The platform may charge a fee(for a clinic) for every appointment. Or, charge a fixed sum of money to be listed on the website.

Some links you might find useful this ~week: - Costs to develop and maintain apps like Uber, etc. (my note: the main costs are for the scalability. I.e., handling 5 users when you're SaaS is free, but handling 100k in real time is a different kind of pricing. Another thing is supporting the software - so, wages for the devs) - Billions being spent in metaverse land grab (my note: think about VR-related ideas. The technology becomes better every year. We can even move some parts of our life there: think of virtual desktop setup, advanced gaming experience, software like house design, etc.) - 11 places where you can find a startup mentor - Reddit is an amazing place to find early users for free (my note: true) - A guy who created a landing page generator sold it for $800k, here's the interview (my note: I monitored his growth for a while, the product is great) - $0 - $20K in 2 months, here's tactics that worked - AMA: I Built 6 Startups in 6 Months, Sold One, Tripled My Revenue Goal - Books every solopreneur should read

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Idea: Music Submission Platform "While in DC, I kicked off a music blog called Indie Shuffle (as a hobby). I quickly became hooked on the "game" of generating more visits, and in the process started to teach myself the fundamentals of front-end development. By the time 2013 rolled around, the blog had become a full-fledged online publishing company, and I was ready to make it my main focus. One of the biggest frustrations of running my music blog was that by the time I took it full-time, I was receiving upwards of 300 email pitches a day from artists, record labels, and publicists, all looking to have their music featured on Indie Shuffle. After a while I simply started ignoring them, though I knew in the back of my head that there had to be a better way. Then, toward the end of last year, I decided that a good way to learn some new coding languages would be to try and solve this problem by developing a website to streamline the process. And thus, SubmitHub was born. The idea was simple: interested parties could send their songs (SoundCloud or YouTube) to Indie Shuffle on SubmitHub. We would then receive the submissions in a consistent feed from which we could either give it a "thumbs up" or "thumbs down" — the former meant that we were planning to blog it; the latter meant that we weren't interested. In the back of my head, I figured it might be possible to one day charge a small fee in exchange for a few words about why we weren't interested. (e.g. "You can't sing in tune.") At the time, my main focus was on solving my own problem. I hadn't given much consideration to the thousands of other music blogs who might want to use it. I suppose in that sense I was lucky: I was already "part of the problem" and therefore had a good understanding of what was needed to "solve" it."

Idea: Training together Training programs (runners, cyclists, etc.) for couples with different levels but who want to train together. It should provide data synchronization across different devices - watches, desktops, smartphones. Why: such apps could encourage couples to train together. Or with friends. To transform training into a competition.

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Idea: Generating avatars with your face Now with DALL-E and Stable Diffusion technologies, we can generate any images by saying what we want. But also we can train our own models with our faces to generate any images with us. Imagine I want to pretend to be a photo editor professional, a meme maker, or I want to put cool photos with me on Instagram. But! I need to spend a lot of time to set up the things and I also need a powerful computer to do the generation. Why don't we create an online service that allow everybody to generate images with them for a fair price? I bet people started creating such services maybe a week ago and they continue doing so. Only a few will see the market, as usual. A video reference

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What Business Model (BM) Should You Choose For A Startup? 🤑 First off, I wanna start with different business models and then explain why some of them might perform worse than others. Obviously, while coming up with your startup idea (there is gonna be a separate post about it) you shouldn't be guided only by what kind of BM to choose. However, there are certain patterns that had developed over the years which you should be aware of IMO. So, according to YC's slides, almost every billion-dollar company can fit into one of these 9 BMs: 1. Saas - cloud-based subscription software 2. Transactional - facilitate transactions and take a cut (certain percentage) 3. Marketplaces - facilitate transactions between buyers and sellers 4. Hard-tech - lots of technical risk and long time horizons 5. Usage-based - pay-as-you-go based on consumption 6. Enterprise - sell large contracts to huge companies (5k+ employees) 7. Advertising - sell ads to monetize free users 8. E-commerce - sell products online 9. Bio - science-based tech companies It is a good sign if your startup's BM is one of these not only because YC says so, but also since there are a lot more companies to use as an example, a lot more materials and content available for helping these businesses grow (they are eventually the most profitable as the history shows). Take a look at the picture (in the presentation, 10th slide) - SaaS, 31% (Slack, Zoom), Transactional, 22% (Stripe), and Marketplace, 14% (Airbnb, Opensea) companies are the most popular AND profitable within YC. Why is that? Let's try to find that out. A huge advantage and premise to the growth of all of the aforementioned BMs are that after a certain point they can hyperscale almost effortlessly. For Saas you "only" have to build a software and sell it properly - they gonna have recurring monthly benefits. Transactional ones are taking a small percentage from gigantic amounts of transactions made through the platform thereby having permanent cash flow. And lastly, for Marketplaces (the toughest one to be honest) it is hard to get the critical mass of users. But once they do it - the snowball effect kicks in and user acquisition costs decrease drastically. Choose wisely 😉 #YCombinatorAgain

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idea: Photo-to-Painting Service "I had a friend who was re-selling replica paintings of classical artwork in the US. She gave me the idea to build a site that allowed people to order replica paintings by specifying the painting. Instead of doing that, I built a simple landing page that could take any photo, and send back a real hand-made painting from the photo since the painters were doing the replicas off arbitrary photos of the replica paintings in the first place. While I was super excited about the idea at the time, I was super excited about most of my other ideas too, and they mostly failed. I had already learned to spend as little effort as possible testing new ideas. I set up a single plain HTML page with a Stripe Checkout form and worried about fulfillment later. After launch it clearly made the most money relative to past ideas, granted it was not high by absolute standards (a few thousands dollars in a few weeks). That was enough to keep me focused on the project for longer than normal. A lack of alternative revenue streams and dwindling funds kept me focused on the business. With enough persistence I slowly bumped up sales year over year. It was not an overnight success, but having done so many ideas made it easier to identify the one that I should stick with. The business grew with time and effort, and it wasn't always obvious to continue down a path except from the belief that constantly improving the product will generally pay off."

Idea: Unlimited Premium Design Services "After my graduation, I flew to Uganda to do an internship at the Belgian embassy (my first real job), but I hated it. I travelled a bit in the region and was seriously wondering what I would do next. I had a degree, applied to a few jobs, and kept checking my friends' LinkedIn accounts, wondering if I too should get a corporate job. It's quite stressful when you've had success doing your own thing and don't know if you'll hit it big again. You think you were just lucky and begin doubting yourself and losing confidence. After traveling around Africa, I bought a one-way ticket to Asia after a recommendation from a friend who was living there. I thought I would find inspiration in a new place. I went to Taipei and finally decided to live in Bangkok for two months. I booked a coworking space and didn't know what to do next. When I arrived at my coworking space I saw a small board at the entrance with many notes like "Looking for a freelance designer" and "Looking for a UX designer", and I overheard some members complaining about how hard it was to hire graphic designers. I didn't have that problem since I had a huge Skype list full of great designers, and I thought, "Maybe let's fix that problem. Let's make a website where I guarantee the quality (with a refund guarantee), streamline operations, pay designers a fixed price per month so they stay with me, and let's hunt for clients."

Idea: Quality Control for Content "I had a few product sites in my portfolio when I started out on my own, the biggest of which is Cheatography, a cheat sheet generator and repository. I also had a little cash in the bank, and a reasonably regular flow of freelance development work for a collection of clients. I knew I wanted to eventually transition to a product business, but didn't have any one idea for a product in particular that grabbed me above the others. I've always had a bit of what I call shiny-thing syndrome — I like building something new, but haven't usually been as excited by the prospect of getting it in front of people! In 2004 I wrote a small piece of code to measure the readability of text. It was a coding exercise at the time, but I added it to my website and continued merrily releasing cheat sheets and writing blog posts. It was a few years later that I spotted that the tool was getting quite a lot of traffic, so I moved it to its own domain. The traffic grew, so I added a small premium offering, and used it as a test bed for some pricing experiments — pay what you want pricing, and things like that. At the end of 2015, the site was sending a trickle of income my way, but based on decent traffic. The conversion rate was about 0.04%, so I decided it was about time I gave the project the attention it deserved."

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Idea: Invoice Reception Service "Here in Mexico, in order for an invoice to be deductible, you must get an XML file from your vendor. Usually, you find all of your invoices in your email at the end of the month, download them, and then type them into an Excel file. I thought this process was madness! Why should I have to print a digital file and then capture it again digitally? I started looking for a simple service: one that receives the XML files, parses them, and stores them in a ZIP that also includes an Excel file, so I can forward it to my accountant. Simple, right? Well, it didn't exist. Even worse, the more I looked into it, the more I found out that the whole industry is lagging behind 10+ years, starting with the government agency itself! This was a golden opportunity. At this point I had a simple Ruby script for my own needs, which I'd already been using for half a year. I have my own agency, and during some months of 2015 I had nothing to do client-wise, so I chose to give myself another job and started working on turning the script into Box Factura. I started in January, and by April I had an MVP."