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Launch YC S21: Meet the Batch, Thread #4

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Re: Launch YC S21: Meet the Batch, Thread #4

#61
post #24

GamerPay ( https://gamerpay.gg/ ) is a scam-free marketplace for gaming skins and assets. 46% of gamers trading skins have been scammed more than once for either their money or their skins (survey of 5,000 gamers). 50% of gamers are under 18 and this their first online trading/cash experience. We solve this problem by integrating with Steam and making use of escrow, validating all trades. We are regulated by European…

But this is against TOS, isn't it?

No it is not

Re: Launch YC S21: Meet the Batch, Thread #4

#62
post #30
post #26

Earlier quoted context omitted.

Since when did rules/laws start mattering for vc-backed startups? Continue paying fines until you're large enough to bribe, I mean lobby, for the law to change. It's just cost of doing business. It's very difficult to go after/shut down sites that breach ToS like this. See nearly every gold-selling site for any MMORPG in existence. They do sometimes get shutdown eventually but typically after many years and they ofte…

Honestly it's just bittersweet that YC does due dilligence like this for gaming startups. I mean some of them are cool businesses (like this one), but I'm a little salty since selling items not through steam is absolutely against valve's TOS. Remember that startup that wanted to do an mmo with thousands of players, VR etc etc and the demo was a compilation of free assets in UE4..? Ok, now back to work.

It is not against valves terms of service. They actually embrace the developement community around steam and their games

Re: Launch YC S21: Meet the Batch, Thread #4

#63

We are Ali and Omair of Abhi ( http://abhi.com.pk/ ). We are a financial wellness platform in Pakistan, focusing on providing early wage access to the salaried class. Most employees in Pakistan live paycheck to paycheck, not having savings for emergencies or random bills. Many pay their bills late, as payroll disbursement often does not coincide with bill cycles, incurring hefty payment fees. Fewer than 20% of the po…

How do you make money? Models I've seen here are all essentially riba (interest). Have you looked into sharia compliance, I would say it's necessary for your market.

We charge a 2% transaction fee of the amount of advance requested. Yes we are a Shariah compliant product.

Re: Launch YC S21: Meet the Batch, Thread #4

#64
post #10

We’re Aditya and Karan, the co-founders of Warrant ( https://warrant.dev/ ). We build APIs and infrastructure to help developers implement authorization and access control in their apps. Implementing flexible authorization that grows with your application is difficult. Many products only need authentication early on but eventually require authorization; however, adding complex authorization to a mature, high usage pr…

What's the consistency model for operations against your API? When my backend grants a user access to some resource, will all subsequent permission checks immediately grant that access?

If not, how are user signups supposed to work? If I create a user and set up their permissions in Warrant, will my users' first-time experience consist of a permission denied error?

Re: Launch YC S21: Meet the Batch, Thread #4

#65

We are Ali and Omair of Abhi ( http://abhi.com.pk/ ). We are a financial wellness platform in Pakistan, focusing on providing early wage access to the salaried class. Most employees in Pakistan live paycheck to paycheck, not having savings for emergencies or random bills. Many pay their bills late, as payroll disbursement often does not coincide with bill cycles, incurring hefty payment fees. Fewer than 20% of the po…

Very happy to see a startup from Pakistan, here! Best of luck to Abhi! However, how many employers have signed up with you? What kind of salary ranges are you targeting?

Thanks. We currently have access to an employee base of over 200,000 from the MoUs we have signed. We are currently piloting so will know shortly in what salary range the product uptake is highest. However we feel that the product will be most useful for those who are earning between PKR 25000- PKR 100,000/-.

Re: Launch YC S21: Meet the Batch, Thread #4

#66

We are building Titipku ( https://titipku.com/ ) which is "Instacart" for local markets in Indonesia, where we help households to buy daily groceries from nearby local markets in their residence areas. The Covid 19 has made people unable to buy their daily needs from local markets, meanwhile merchants in local markets are also suffering and need help to sell their goods. We solved this by helping to on board all merc…

Nice to see an Indonesian startup. It's like Jastip but for groceries. Interesting.

Re: Launch YC S21: Meet the Batch, Thread #4

#67
post #64
post #10

We’re Aditya and Karan, the co-founders of Warrant ( https://warrant.dev/ ). We build APIs and infrastructure to help developers implement authorization and access control in their apps. Implementing flexible authorization that grows with your application is difficult. Many products only need authentication early on but eventually require authorization; however, adding complex authorization to a mature, high usage pr…

What's the consistency model for operations against your API? When my backend grants a user access to some resource, will all subsequent permission checks immediately grant that access? If not, how are user signups supposed to work? If I create a user and set up their permissions in Warrant, will my users' first-time experience consist of a permission denied error?

Updates to the API are immediately reflected in subsequent access requests, so new users who sign up in your system would immediately have the appropriate access rules

Re: Launch YC S21: Meet the Batch, Thread #4

#68

We are Ali and Omair of Abhi ( http://abhi.com.pk/ ). We are a financial wellness platform in Pakistan, focusing on providing early wage access to the salaried class. Most employees in Pakistan live paycheck to paycheck, not having savings for emergencies or random bills. Many pay their bills late, as payroll disbursement often does not coincide with bill cycles, incurring hefty payment fees. Fewer than 20% of the po…

congrats and best of luck! really happy to see pakistani startups getting in through yc. Couple of questions: Some amount of businesses in Pakistan are known to delay paying out wages too. Do you intend to deal with this problem? It's hard to gather ground truth data in Pakistan. How did you go about gathering/verifying data?

Thanks. Yes we do intent to provide interim payroll financing to companies who have delays in paying wages. However this is based on us running a risk assessment of the companies who we provide this service.

We are working on a B2B2C model so we gather information from the employer. Further we run a title fetch on the account number provided by the employer to make sure that the account number pertains to the employee whose data has been provided by their employer. Leveraging the existing financial infrastructure in Pakistan allows us to reduce the amount of data gathering and verifications on the customers we service.

Re: Launch YC S21: Meet the Batch, Thread #4

#69
post #16

Earlier quoted context omitted.

First off, congrats for tackling a problem like this! I'm wondering if there isn't also a big opportunity in selling this imperfect produce to food factories? Consumers have to be on board with big/small/misshapen veggies, but if I'm buying a strawberry jam, where the strawberries were chopped up in a factory, then it really doesn't matter what shape they had originally. Frankly, I'm kinda surprised if an obvious opt…

> Frankly, I'm kinda surprised if an obvious optimization like that isn't already in place - let those who care about the shape pay more for the pretty ones, and let those who don't save by buying the rest. Oh but that's exactly how it already works in existing supply chains: "imperfect" produce gets allocated quite well with food manufacturers, restaurants and food halls, or gets donated to foster homes, hospitals,…

Thanks, very good point. Important to take into consideration though that we are operating in Mexico and aiming for the LatAm market where this looks different than in the U.S. or Europe where most food waste indeed happens at the consumer level. Contrary in Latin America, 72% of food waste occurs prior to the consumption stage and specifically talking about fruits and veggies 54% are wasted due to supply chain inefficiencies and imperfections. And that already considers the fact that some imperfect produce ends up with food factories etc.

Let me shed some more light on the situation in Mexico (and most of LatAm):

Certainly, imperfect produce is allocated to some extent to food manufacturers, restaurants, etc. - but not enough - the scale of the problem is just too big. Surprisingly, we found that even certain restaurants that wanted to source from us because they don't care about imperfect produce, ended up asking for standards around size or colour.

Another example is what my co-founder's father still lives daily - his limes or mandarines are wasted because of being too small, too big, miscoloured.

In Mexico, we have not seen any supermarket stocking up imperfect produce, not even the very forward-thinking ones, but agree that luckily this is happening in the U.S., Europe and other places, hopefully soon also here.

When it comes to donations, unfortunately less than 5% of food waste ends up with food banks. There is still much to be done on that front too.

We also talked to several farmers who tell us they have imperfect produce on their farm which they do not even pick because they know it will be hard for them to sell and so it's not worth for them to pay someone to pick it.

What is true though is that to leave an important mark we need to get scale.

Re: Launch YC S21: Meet the Batch, Thread #4

#70
post #10

We’re Aditya and Karan, the co-founders of Warrant ( https://warrant.dev/ ). We build APIs and infrastructure to help developers implement authorization and access control in their apps. Implementing flexible authorization that grows with your application is difficult. Many products only need authentication early on but eventually require authorization; however, adding complex authorization to a mature, high usage pr…

Great idea. I thought of making a startup area as well, we called it AaaS (AuthZ as a Service) .

Take the plunge: https://www.field-guide.unusual.vc/field-guide-enterprise/bu...
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