BUSINESS IDEA | STARTUP

Frivolous Lawsuit Tracker 👨‍⚖️

The long harm of the law

Available Domain: Frivoloss.com

1. Problem/Opportunity❓

The Problem/Opportunity: The United States. It’s the land of opportunity, of freedom and of the frivolous lawsuit.

Everyday companies are with bogus lawsuits, like ADA title III lawsuits relating to website accessibility. They invariably settle these lawsuits since, according to the National Federation of Independent Business, frivolous lawsuit cases cost small companies an average of $100,000 to fight. So it’s time to solve it.

Market Size: Every year excessive tort costs (that’s lawyer speak for frivolous lawsuits) sums up to an estimated $589 billion in the United States.

2. Solution ✅

The Idea: A platform for helping businesses to track and proactively fight frivolous lawsuits

How it Works: 

• Businesses sign up and the platform monitors lawsuits being filed across the USA, identifying frivolous ones for which the business could be targeted.

• The business is warned about these potential lawsuits and is given guidance on the steps they need to take to avoid getting sued

Go-to-market: Identify a specific lawsuit, offer to help companies to protect themselves against it for free and build up a lead book that way

Monetisation: Monthly subscription fee

Startup Costs: Hiring a lawyer here will likely be the biggest expense

3. How You’ll Get Rich 💰

Hold: The play here would be to license the technology to law firms out there who can get in on this, protect their clients and earn money from them in the process

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