Last week, I shared 3 startup ideas I’ve been kicking around, and it got an isht-ton of responses. You can read the ideas here, but in short they were:
#1 Glassdoor for service providers (lawyers, bankers, etc.)
#2 Extract and structure data from pitch decks and PPMs
#3 A board of directors search platform
#1 got the most interest, followed by #3. #2 was the most niche, but got the most “I’d def pay for this” responses.
There were also a lot of responses highlighting companies attempting to digitize the board search process, so I’ve shared those at the bottom of this email.
One other note: I just put these out there cuz I think there is a market need for these (but I could be wrong so do your diligence). We (CB Insights) are not looking to invest in these ideas, partner on them, or do calls to hear about them. You also definitely don’t have to ask for permission to do these. They’re just ideas. If you’re a hustler and think you can turn them into a business, that’s amazing. Build away.
More on the companies folks mentioned solving the board problem below, but first...
Short videos are big money.
TikTok racked up a bunch of attention last year, with eye-popping numbers like 2.6B+ downloads as of December 2020, 600M daily active users (DAUs), and a $140B valuation for parent co ByteDance.
But all eyes are on China-based Kuaishou this week, as news broke of its impending $5.4B IPO — which could be the largest offering in more than a year.
With 305M DAUs, the Tencent-backed company is self-proclaimed as the world’s second-largest short video sharing app. (For context, Twitter counts 187M daily users, Snap 249M, and Facebook 1.82B.)
For a sense of what's in store for Kuaishou, take a look at how ByteDance grew TikTok to its 600M DAUs and became the world’s most valuable unicorn in this report.