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Startups I Want to Fund

startupandrew.com

51–60 of 167 posts

Re: Startups I Want to Fund

#51
"New insurance companies – renters insurance, title insurance, business insurance, etc have yet to enter the 21st century"

I feel like a more creative and productive question is, what can we do to eliminate the need for insurance? Can we have a network of doctors offices in major cities that we pay a monthly fee to access, where the billing and costs are transparent and sane? Can we approach home owners insurance the same way we have community credit unions and reduce the admin overhead and the profit cut of the middlemen?

"New staffing agencies"

How about eliminating the need for staffing agencies? Let's get platforms like Task Rabbit more ubiquitous and inside niche industries that haven't adapted. Labor on demand without as much of a middleman. There's obviously issues with the current iteration of ride-share apps etc, but it's something that can be improved and it obviously works better than the traditional industry (taxis in this example).

"What does the internet-native version of the WSJ or The Economist look like?"

Reddit, clearly.

Air conditioning: A problem easily solved by getting people to live in better climates. With more jobs becoming decreasingly location dependent, this makes sense.

Some of this list seems silly and easily dismissed as "because physics". Electric aircraft don't make sense and I doubt they ever will. Space launches will always be expensive due to fuel (I realize as of right now, fuel is a very low percentage of cost - but theoretically even if everything else was free, fuel still makes it too expensive for consumers). Alternative energy is an extremely expensive field. I could go on.

_______________

Problems that I think are worth fixing:

Make a small dent in societal progress to change how people interact and view strangers. Make a small step towards everyone not dehumanizing each other. Create a movement to bring people together and lessen the attitude of people living in big cities having to keep their eyes down and not interacting with others. Pokemon Go is a great example of this.

Make the government more accountable, make people more involved in elections. The amount of misguided or wasted taxpayer dollars is staggering. Even small improvements in our representatives could easily mean billions of dollars going towards things like schools, healthcare, and basic needs of citizens rather than buying missiles and $10,000 bolts.

Instead of focusing on new ISPs, focus on new methods of distributing traffic that prevents the erosion of privacy and the rise of censorship. Take Freenet and make it mainstream. It won't be the solution to everything but it can solve a lot. It will require a lot of changes and new tools/applications to make this happen but it's possible.

Help employers make the shift towards remote workers. Let people live where they want. Don't make them tied to a chair for 9 hours a day. Don't make them sit in traffic for an hour a day. The impact on the environment and mental health would be huge.

Help people disconnect from technology. Fund activity centers in big cities that provide attract options and attractive social groups. Board game meetups on meetup.com are super popular. So are the dancing ones. Bringing in more people and providing better spaces for this would help a lot of people much happier. It provides a lot more opportunities for socializing and finding meaningful connections, which I think most or many people lack.

Re: Startups I Want to Fund

#52
post #44

This strikes me as an incredibly boring and typical list. And the core of why is summed up nicely by the author himself, "My favorite pitches solve a problem I'm already concerned about." We have already solved most of the rich-white-guy problems. I am sure he is well-intentioned and strives to understand as much of the world as possible, but if you want to invest in capital-intensive, asset-rich startups with proble…

It is a lazy list in ways, though I try to be generous in saying that because the author is reading these comments and my intention isn't to be mean or unkind. It also doesn't make total sense to write about potential startups and then list problems that require tens or hundreds of billions of dollars.

Andrew - I hope you see my other, longer comment and maybe consider that you could approach brainstorming differently. There's a lot of opportunity to do really good things for the world and still make money at the same time, it just requires more risk and creativity.

Re: Startups I Want to Fund

#53
post #44

This strikes me as an incredibly boring and typical list. And the core of why is summed up nicely by the author himself, "My favorite pitches solve a problem I'm already concerned about." We have already solved most of the rich-white-guy problems. I am sure he is well-intentioned and strives to understand as much of the world as possible, but if you want to invest in capital-intensive, asset-rich startups with proble…

(author here)

If your take here is that I'm interested in "rich-white-guy" problems, I'd encourage you to re-read the list from the perspective of emerging and frontier markets. Most of what I have listed there is actually more important in those places than it is in Silicon Valley. For example -- receiver-centric package delivery is a far bigger deal in places that don't have addresses than it is in the US (and billions of people around the world don't have addresses!). Ditto with energy, waste management, etc... even an open web platform is a bigger deal in India than it is here.

Personally, I spend more time these days focused on those markets (especially Haiti and Africa) than I do on the US.

Re: Startups I Want to Fund

#54

Waste management is a huge issue in the developing world. During my world trip, I observed that even a remote fisherman island in the middle of nowhere has a lot of plastic thrash dumped into the nature. It might be hard to believe for you, but here are some observations I had: * Most people don't even know difference between plastic and compost thrash. * Most governments in developing world are dysfunctional. They c…

Until a society experiences negative consequences of environmental pollution (generally a long-term but sometimes a short-time issue) then there's no incentive or impetus to not just dump things anywhere. Part of the solution is only allowing goods to be supplied in certain packaging. Not creating waste is the best solution.

Re: Startups I Want to Fund

#55
post #48
post #44

This strikes me as an incredibly boring and typical list. And the core of why is summed up nicely by the author himself, "My favorite pitches solve a problem I'm already concerned about." We have already solved most of the rich-white-guy problems. I am sure he is well-intentioned and strives to understand as much of the world as possible, but if you want to invest in capital-intensive, asset-rich startups with proble…

This is a pretty sick burn, and you may be being generous. Nothing in this list is a new idea. People have been trying and failing at open app stores for years. Same with touch OS. If "What does the internet-native version of the WSJ or The Economist look like?" constitutes a sleeper market, he may need to get out more.

Are you guys reading the same list as me?

How would you categorize the following as a "rich white guy problem"?

"Air conditioning – As more people in hot climates enter the middle class, and as climate change accelerates, the demand for air conditioning will explode. What innovation is possible here?"

Re: Startups I Want to Fund

#57
post #5

> An open app runtime - Proprietary app stores are winning too – and in the process, they are distorting markets and censoring apps. > Could a browser be built that provides an actually better app experience and performance than native apps? And how exactly do you get that browser past apples review process?

I really like the idea of an open app runtime. The only problem is that it would require a whole new phone and app eco-system, unless it's built on top of the existing Android platform.

Re: Startups I Want to Fund

#58
post #44

This strikes me as an incredibly boring and typical list. And the core of why is summed up nicely by the author himself, "My favorite pitches solve a problem I'm already concerned about." We have already solved most of the rich-white-guy problems. I am sure he is well-intentioned and strives to understand as much of the world as possible, but if you want to invest in capital-intensive, asset-rich startups with proble…

It's a very practical list. Looking at the areas he's interested in, it struck me that all or nearly all of them can actually be solved with products, i.e. something you buy that solves your immediate problem.

I think that if you get into many of the BIG problems that sound really exciting, you'll find that they can't actually be solved. My first startup idea after striking out on my own was to fix unemployment, which was a big, impactful problem that disproportionately affects underprivileged people. As I researched the problem, though, I realized that it's not really something that can be fixed. Hiring is hard because it's fractally fucked up: it's a many-participant market where everybody rationally follows their incentives but the sum total of those incentives is a system that massively underutilizes human potential and makes everyone miserable. Now, you can fix individual problems within the space like finding job postings (Indeed), tracking applicants (Lever), giving coding tests (TripleByte), etc, but each of those just makes life better for the person giving you money, and arguably makes the system as a whole even more fucked up.

The same goes for many other hard problems. Political polarization in the U.S. is a huge problem, but there's no one solution that will fix it short of mind-controlling or eliminating everyone who disagrees with you. Alleviating poverty in the developing world is a huge problem, but countries that are poor today are usually poor for a constellation of different reasons, and unless you fix them all you're not going to make the country un-poor.

The author seems like he's deliberately avoiding any areas that are not product-fixable. That limits his list to fairly boring problems. It's likely hard-won experience as an entrepreneur, though: I know that I started the entrepreneurship journey thinking I was gonna solve everything and have a big positive impact on the world, and have since learned that unless you adjust your expectations, you are bound to be perpetually frustrated.

Re: Startups I Want to Fund

#59
post #48

Earlier quoted context omitted.

This is a pretty sick burn, and you may be being generous. Nothing in this list is a new idea. People have been trying and failing at open app stores for years. Same with touch OS. If "What does the internet-native version of the WSJ or The Economist look like?" constitutes a sleeper market, he may need to get out more.

Are you guys reading the same list as me? How would you categorize the following as a "rich white guy problem"? "Air conditioning – As more people in hot climates enter the middle class, and as climate change accelerates, the demand for air conditioning will explode. What innovation is possible here?"

To be devil's advocate:

The worst possible outcome of using more air conditioning is more pollution. Pollution (on a global scale) and the associated potential climate change are considered pretty first-world (rich white dude) problems. Pollution on a local scale is definitely more legitimate, but that's overwhelmingly due to combustion engines (cars) and not power generation, which doesn't typically happen in city centers.

Re: Startups I Want to Fund

#60
post #44

This strikes me as an incredibly boring and typical list. And the core of why is summed up nicely by the author himself, "My favorite pitches solve a problem I'm already concerned about." We have already solved most of the rich-white-guy problems. I am sure he is well-intentioned and strives to understand as much of the world as possible, but if you want to invest in capital-intensive, asset-rich startups with proble…

It's a very practical list. Looking at the areas he's interested in, it struck me that all or nearly all of them can actually be solved with products , i.e. something you buy that solves your immediate problem. I think that if you get into many of the BIG problems that sound really exciting, you'll find that they can't actually be solved. My first startup idea after striking out on my own was to fix unemployment, whi…

(author here)

Yep -- note the title is "Startups I Want to Fund", not "Charities I Want to Donate To".

Note that I also try to tackle some of these non-product-solvable problems through philanthropy, but that's a subject for another blog post...

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