• Chasing Unicorns #2 STD’s & Mastering Time Edition

    image

    Welcome to the 2nd edition of Chasing Unicorns. Last week was the special Valentines Day edition and the first of many Chasing Unicorn features where I will be busting out my dealflow for all to see.

    In this post, I will showcase 3 startups that are tackling problems like STD’s and rental management. There’s even a startup that can help you become a master of time!

    Once again every startup is rated on a scale of 1-3 (think Michelin Stars for restaurants).


    image


    What

    myLab is a subscription service that sends you a home kit to test for STD’s

    Problem

    Imagine you are one of the millions of libidinal adults out there trying to get lucky. After kicking back a few shots at the bar, you chat up the next girl you see and in your drunken stupor, convince her to go back home with you.

    The problem is, you don’t know anything about her genitals and where they’ve been - she could be a floosie for all you know!

    The fact is, most sexually active adults don’t often get tested because the process is time consuming, expensive and slightly embarrassing.

    Problem Solved

    A testing kit for STD’s that you can use with ease in the comfort of your own home.

    Secret Sauce

    Incredible branding opportunity. I can see myLab becoming a funny, tongue in cheek brand on the same level as Trojan and Lifestyle condoms.

    myLab can create their own app that allows impassioned men and women to quickly screen their one night stand for STD’s. This can definitely make myLab a household name.

    Issues

    Might have to deal with the wrath of the FDA like 23andMe

    myLab Angel List

      UNICORN RATING
    image

    image

    What

    Limitless is a Chrome plugin that helps you master time and to be more productive

    Problem

    Whether you are facebooking, tweeting, snapchatting, sexting or trying to conquer Flappy Bird, digital distractions cause millions of hours of lost productivity.

    Problem Solved

    Limitless is looking to be a modern digital tool to keep you from twiddling your thumbs and use your time more wisely.

    Secret Sauce

    Slick interface. Looks easy to use on a daily basis. Monetization could come in the form of gamification and offering sponsored rewards for achieving your time related goals.

    My Remarkable Idea

    Create a “Anti-Boredom” or “Procrastination Killer” feature that users can use to be productive in times when there is literally nothing for them to do. For example, it can link them to useful things like TED talks or ask them to do a random act of kindness.

    Issues

    Needs better branding and to establish its identity. User engagement is important too - don’t want the software to come off as nagging.

    Limitless Angel List

    UNICORN RATING

    image

    image

    What

    Airenvy is a short term rental management service that is trying to make property management fun

    Problem

    If you are like most home owners, you’ve probably heard about this Airbnb thingy that can turn your home into a cash cow. The thing is, you can’t even prevent your own home from going into complete squalor much less rent it out and manage it.

    Problem Solved

    Airenvy acts as your property manager and hotel maid/concierge. They manage check ins/outs, clean and even provide new sheets/towels to prevent your house from turning into a crack den.

    My Remarkable Idea

    It’s all about service and Airenvy can provide super awesome services that go well beyond the call of duty.

    Partner up with Uber or Lyft to provide transportation for your guests. Provide free tourist guides or restaurant recommendations. Airenvy can become a concierge for a market that is devoid of any extra amenities.

    Issues

    Without strong branding, the service might not be defensible and competitors could swoop in. I also worry about the logistics of such a business - for example, how will the service scale when you expand to more cities and who will you hire to do all the cleaning?

    UNICORN RATING
    image

    Well there you have it boys and girls! I hope you enjoyed the 2nd edition of Chasing Unicorns. If you have any thoughts you would like to share or just want to be a smart aleck, comment below.

  • Blog comments powered by Disqus
    Install Theme