BUSINESS IDEA | CASH FLOW BUSINESS

The Founder Olympics 🥇 

Founders first

Available Domain: Founderolympics.com

1. Problem/Opportunity❓

The Problem/Opportunity: The olympics are coming to Paris this summer. Which means I get to spend a summer getting really into niche sports and feeling awful about my athletic abilities. But even that athletes can feel that way too.

Which raises a question. What is the equivalent of the olympics in tech? Well we think we have it.

Market Size: Honestly…no clue.

2. Solution ✅

The Idea: An all star hackathon where hugely successful founders work to launch a business over a weekend

How it Works:

• You approach massively successful entrepreneurs to participate in the hackathon

• They are split into small teams and are given 1 weekend to come up with a business idea and launch it

• Whoever makes the most money wins the event

Go-to-market: All of these guys are on twitter. You’ll have to grind to get one big name involved, but once you do more will roll in

Business Model: Live stream the event and get it sponsored

Startup Costs: If you pre-sell sponsorships to this you can get sponsors to front-run your cash requirements for this. Work smarter not harder.

3. How You’ll Get Rich 💰

Hold: For the network alone you would hang on to this business

TOGETHER WITH PORTLESS

E-commerce fulfilment directly from China

As an e-commerce founder working with Portless is a no brainer. Why? Well with Portless you can:

• Improve gross margins by up to 40%, thanks to reduced shipping rates and leveraging Section 321 into the USA. 

• 3x your lead time thanks to JIT inventory. Replenish best-sellers in just 3-5 days, that way you can produce enough inventory to fulfil actual demand, rather than projected demand. 

• Leverage Section 321. This specific provision allows US-bound qualified shipments valued at $800 or less to receive duty-free entry.

The first 10 people to contact Portless will receive 20% off your pick-and-pack fees for your first three months.

PS: Make sure you tell the that Half Baked sent you 😉

DRUNK BUSINESS IDEA

Weather Betting App

The weather app on your phone is pretty useful, but not very exciting.

Well our weather betting app changes that.

JUST THE TIP

Trend 📈: The Scary Data on Teen Depression

Am unfortunate fact about about the world right now is that rates of depression amongst teens is on the rise. They have skyrocketed since 2010, so clearly social media has a role to play here. This is a truly horrifying graph and we need to come together to build out solutions to this problem.

THE MONEYSHOT

The Ex-Disney Star Running a Space Company

Britney Spears. Miley Cyrus. Demi Lovato.

From substance abuse to mental health challenges, many former Disney child stars have had tough times in their later years.

But what if I told you a former Disney star was currently the CEO of a space company?

Well Bridgit Mendler is.

Bridgit, best known for her roles in Good Luck Charlie and Wizards of Waverley Place, decided to buck the child star trend and went to college. A lot of them. She studied at USC, completed a Masters in MIT and for good measure completed a law degree at Harvard.

Her LinkedIn is more stacked than my plate at a buffet.

During her years of study Bridgit developed a fascination with space. This led her to spot an opportunity in the industry.

Bridgit noticed that the actual process of sending and receiving data to and from specific satellites remains difficult, since most of the technology used is from the 60s and 70s.

So in 2023 she cofounded Northwood Space with her husband Griffin Cleverly, as well as head of software Shaurya Luthra. The company is building a network of ground stations to help revolutionize communications between earth and satellites, similar to what Starlink is doing just on the ground.

And it’s going pretty well so far.

The company raised $6 million in initial funding raised from some of the biggest investors in the game, including Founders Fund, Andreessen Horowitz and Also Capital.

Good luck Charlie Bridgit.

HALF BAKED PICK

Newsletter Pick: Sellify

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#HalfBakedBizIdea

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