Startups & Ventures

Idea: Cloud Factories One of the largest “taxes” on goods that are purchased in person is the cost of shipping that product to its retail location. Replacing “dead space” or “dying spaces” in malls with smaller, robotic factories that can decrease shipping costs for end-consumers; thus, decreasing the average price of goods or allowing merchants to sell less while still maintaining revenues. This business would be like Travis Kalanick’s CloudKitchen business (which has already raised over $400M dollars). Cloud Kitchens are commercial facilities purpose-built to produce food specifically for delivery. This business would do the same thing with factories to either be delivered to end users or picked up “in-store” (really, just a store-front with a few items of clothing that you can try on for sizing, not for style). The thesis of this business would be that bringing the production closer to the end-consumer could actually reduce pricing. Monetization: Subscription fee to be able to use these cloud factories. Perhaps a % per good sold.

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Idea: Trends monitoring by industry A tool that helps you to see current trends divided by industry. They are aggregated from various sources such as social networks' activity, news, etc. Since such tools exist, not many of them provide a possibility to search for trends in a particular industry, category, niche, or all of that, plus a search term.

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💡Idea: Blog articles distribution It's difficult to get views on a blog that doesn't rank well on search engines. You post an interesting article and no one is reading it. This distribution problem hit authors hard. They decide to stop writing. How can we improve this? What if we have a platform where an author adds his blog, and the platform shows the articles to relevant people? One may state it's Medium, but no. First of all, you don't own the content there. Plus, Medium doesn't show the relevant content to people. For example, I wrote multiple posts there and got 0 views. The platform will keep track of new articles in an author's blog by RSS. When a new material releases, the platform shows it to people. If people like it, the platform shows it to more readers.

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Idea: Entertain me! A website that recommends you some activity to do when you're bored. For example, it hints you to listen to music(a specific playlist, group, or a song), if you like it, the system will recommend similar activities in the future. If you prefer other things to do in your current mood, it'll try to suggest to you other activities, like watching a specific movie, visiting an online museum, gallery, having a conversation with a person, or, maybe listening to music with a group of people online.

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There are painkillers and vitamins as analogies to the problems people pay to solve. There are critical problems(painkillers), and there are not such significant problems(vitamins). However, they aren't so black and white. Here's a good analogy I found on Reddit: - TurboTax - painkiller - Dropbox - vitamin - LinkedIn/Facebook - methamphetamine (makes you paranoid and look busy without being productive) - Fortnite - nitrous oxide (feels good but causes brain damage) - Coinbase - vaccine (resistance to inflation) - Oculus - lsd (transports you somewhere else) - X1 - dental floss (finds the thing you know is there) - Ad block - sunscreen (protects you from harmful bombardment) - Reddit - cigarettes (an unhealthy way to kill five minutes)

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Idea: Pillow & blanket temperature regulation Smart bed linen that regulates the temperature of your pillow and blanket when you need to. It monitors your sleeping activity. If it sees you need more warmth, it warms a pillow(blanket) up. Or cools it down. It also cools down the bottom of a pillow by default before you go to sleep.

Idea: Shareable bookmarks A social app where users share their useful bookmarks for websites. They are be grouped by folders, labels, tags, and are searchable. Users can follow each other to read their bookmarks feed. The service can be integrated with the browser bookmarks addon. One nice feature that might add more interactivity among the users is the possibility to ask others what websites they could recommend for X or Y. Such a service requires you to attract users when there is not much activity(because of the lack of users) - the chicken and the egg problem that occurs on social platforms and marketplaces.

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Idea: Auto presentations A tool that converts information into digestible slides of a presentation. It should split the data wisely and extract the important parts. In such a way, it delivers only information that people would benefit from the most. Why: it takes time to extract the important pieces of information from texts, charts, etc. Then, you need to pick a nice design for slides, fonts, colors. It can be automated.

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Idea: Hover and learn A browser extension that randomly replaces some words on websites to be the words in the language you learn. You can hover on the unfamiliar word and see a translation, pronunciation, songs containing this word, a few movie clips with it and other usage of the word in different contexts. Example. This helps by allowing users to browse the web and learn more effortlessly. Anyway they should do a mental effort to learn and you can determine how they'll do it. For example, add the hovered words to a vocabulary and show them to repeat and learn (spaced repetition).

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Common reasons why startups fail by Failory.com: - Marketing mistakes were by far the most common, and they were generally speaking the most deadly with 69% of all mentioned marketing mistakes being fatal. In fact, the fatal marketing mistakes were more numerous than all other fatal mistakes combined (56% vs 44%), as can be seen in the pie chart below. By far the most common reason for shutdown was lack of product-market-fit which constituted more than half of the marketing mistakes, but more on that below. - Team problems – friction, lack of experience, lack of motivation, etc., were the second most common. They were some of the least-deadly percentage-wise (only 39% of all mentioned team problems being fatal), but because they are abundant they were still the second most common reason for shutdown. - Financial problems and mistakes were the third most common. That said, bearing in mind more than 50% of the projects didn’t have any budget to begin with and more than 75% of the projects were self-funded, it’s a surprise that only 16% of the projects point at financial problems as the major reason for failure. - Tech problems were extremely rare, which is surprising considering almost all projects in the data have a technical side to them. The most common remark was that too much time and effort was spent on tech that proved to be useless in the long run. The most common answer to “a thing you would do differently next time” by far was “I’d talk to customers and validate my assumptions before writing a single line of code”. That said, a big % of tech problems were fatal: e.g. relying on a 3rd party API that changes can ruin a business overnight. - Operational problems were quite rare and not that deadly, but it’s important to mention that most interviewees ran software projects, so operational problems (e.g. suppliers, distribution) are not as common as in brick-and-mortar and physical product projects by definition. - Legal problems were rarest, mentioned only four times, but two of those four proved to be lethal. For most early-stage startups the legal side is a non-factor. Yet, there are still industries where you can’t afford to ignore it (food, finance, etc.).