BUSINESS IDEA #1 | STARTUP

AI Leftover Meal Suggestions 🍲

No leftovers, no problem

Available Domain: SnapSnack.ai

1. Problem/Opportunity❓

In the United States, people waste 92 billion pounds of food annually. But it’s really hard to understand why?

We’ve all got random ass food items sitting in our fridges right this second, food that we’ll likely throw out since we don’t know what to do with it.

But with a little bit of AI magic we can solve this exact problem.

2. Solution ✅

Here’s the idea…create an app where users take pictures of food in their fridge and it generates recipe suggestions for them to make.

Here’s how it works. The user downloads the app and inserts their meal preferences, such as meals they really enjoy or that they only want suggetsions that are quick to make. Then the user takes a picture of the different shelves in their fridge and the AI identifies each item in the fridge as well as an approximation of how much of an item they have. The user can manually change any of them if there are errors. The AI then generates recipe suggestions based on those ingredients which the user can then cook.

Over time the AI learns more about the user’s preferences and can make proactive meal suggestions too.

3. Business Model 🏦

Go-to-market: Moms, who both like to cook and care deeply about food waste, could be your early adopters. Find communities online where they discuss these topics and get them to test out the product

Monetisation: Small monthly subscription fee

Startup Costs: To get a basic version of this running using GPT4 or another LLM won’t be too expensive

4. How You’ll Get Rich 💰

Any recipe or meal planning app would acquire this business, where the product serves as a natural extension of their core offering.

TOGETHER WITH SAASTOCK

Win a Free Ticket to SaaStockUSA 2024

Worth $999 each

SaaStockUSA, the world’s leading conference for SaaS founders, is in Austin, Texas this year from May 13 - May 15 2024.

We’ve teamed up with the SaaStock team to giveaway 10 more General Attendee tickets (worth $999 each, max 1 per person) to the conference for FREE so 10 of our readers can join the 1,500 SaaS founders, investors and operators at the conference.

We’ve already emailed last week’s winners of the competition, but we have more tickets to give away and this week…it could be you.

To enter just click the link and fill out the Google Form (takes < 30 seconds). Good luck 🫡

BUSINESS IDEA #2 | STARTUP

Home Trialling Platform 🏡

Try before you buy

Available Domain: Areabnb.co

1. Problem/Opportunity❓

Buying a house is one of the biggest decisions of your life. It’s also one of the most expensive decision of your life. Or so I’ve heard. Us millennials have a better shot of winning the lotto than buying a house.

But when people do buy houses they generally focus too much on the house itself and not enough on the area the house is in. The nicest house in the world in a terrible location is still a terrible house. People test drive their cars but don’t bother to test drive their homes?

5.5m houses are bought in the US each year, making this a huge problem, so let’s build a platform to solve this.

2. Solution ✅

Here’s the idea…create a platform which allows users to rent out a house in a particular location before buying a house and settling in that area.

Here’s how it works. Home-owners sign up and list their home on the platform. Then, potential buyers interested in a particular home can search the platform for houses listed nearest to that location. They can then pay to stay in the house for 1 - 3 days to try out the area. The owners can be in the house at the time or they may not be, either options can be accommodated. There’s even the option to do a house swap if both parties agree.

After their stay the potential buyer has a much better feel for the area and whether or not they should live there.

3. Business Model 🏦

Go-to-market: look up census data to see what towns or city have the most house purchasing going on and build from there

Monetisation: charge a transaction fee on stays arranged through the platform

Startup Costs: Costs here are extremely low, since this is a software play

4. How You’ll Get Rich 💰

This platform would be a great acquisition by a real estate company like Zillow who are looking to encourage more buying through their platform through ancillary services

DRUNK BUSINESS IDEA

Mortgages for Kids

We all know the best time to buy property was about 30 years ago. Don’t let your kids make the same mistake.

Introducing mortgages for kids! Get your child to use their pocket money to get on the property ladder. They’ll be glad you did!

BIG DECK ENERGY

Buzzfeed’s $3.5m Series A Deck

Year: 2008

Stage: Series A

Amount: $3.5m

Buzzfeed has had a tough time of late. Since going public in 2021 it’s all been downhill for the brand, at least according to their stock price.

If a picture tells a thousand words, then a stock chart is like 1000 pictures.

But back in 2008 the company was a fledgling media brand looking to raise $3.5m as part of their series A. Here’s the deck they used to do it.

THE MONEYSHOT

The Man Who Won the Lotto…14 Times

The French philosopher, Voltaire, is reputed to have said that “lotteries are a tax on stupidity.” It’s hard to know if he really said it or not, the internet doesn’t have a great track record.

Regardless of who said it playing the lottery is a fool’s errand…unless your name is Stefan Mandel that is.

Starting in the '50s, Mandel bounced around global lotteries, from Romania to Australia, and would compete in lottos with low numbers of tickets being sold. So Mandel would scoop up every available ticket, guaranteeing a win. This was a bulletproof strategy…and it worked. Mandel managed to win different lottos on 14 occasions.

His biggest win came in 1992 when he took home a $27 million dollar bounty in Virginia, which he scored by purchasing an eye-watering 7.1 million tickets.

Unfortunately for you, dear reader, Mandel’s process can't be repeated today. The number of possible combinations has grown far too large.

Fair play Stefan!