BUSINESS IDEA | CASH FLOW BUSINESS

Jobseekers Bootcamp 🪖 

The business of getting laid…off

Available Domain: Seekercamp.com

1. Problem/Opportunity❓

The Problem/Opportunity: Big tech companies are still laying off employees left, right and centre. But at least these layoffs are dispassionate and affect everyone equally, right?

This layoff trend seems to be here to stay for the foreseeable future, leaving thousands of highly skilled tech workers out looking for jobs. And looking for a job is an incredibly draining process. So let’s create a business to solve this.

Market Size: Per layoffs.fyi in 2024 >80,000 employees have been laid off by 281 tech companies (updated May 4th 2024)

2. Solution ✅

The Idea: A bootcamp to help tech workers who have been laid off to find a new job

How it Works:

• Jobseekers in tech can sign up to the platform where they have access to a range of services such as CV workshops, compensation consultants and recruiters

• They also join a smaller cohort of jobseekers who all hold each other accountable to ensure everyone stays motivated in their job hunt, as well as getting to socialize with each other

• The program is paid off monthly once a job seeker secures a role, similar to other bootcamps

Go-to-market: Outbound companies who have conducted layoffs and tell them that you’re setting up a free platform to help laid off tech workers to find jobs. All going well they’ll share it internally and you’ll secure users for $0 cost.

Monetisation: Jobseekers pay the fee off monthly when they secure a job

Startup Costs: You should be able to start this with <$100.

3. How You’ll Get Rich 💰

Hold: This won’t be a venture scale business, but this could be a low effort, high margin cash cow business for whoever builds it

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DRUNK BUSINESS IDEA

Drone Delivery for Comdoms

This idea speaks for itself.

JUST THE TIP

Trend 📈: The Cost of Launches in Plummeting

The cost of getting goods into orbit has reduced by a factor of 100 since the 1980s. And with a recent successful Starship launch, it looks like that cost will come down even more.

Business Ideas

• Space Cremations

• Space Debris Cleanup

• Space-Based Solar Power

THE MONEYSHOT

Bootstrapping from $0 to a +$100m Exit in 5 Years

Back in 2013, not a lot of millennials were wearing watches. Entry-level watches were expensive, starting around $200-$300

Spotting this gap in the market for stylish, affordable watches, two 23 year-old college dropouts, Jake Kassan and Kramer LaPlante, decided to start their own watch brand.

They started a movement.

They started mvmt.

The two young co-founders decided to crowdfund on Indiegogo to get their brand off the ground. They managed to raise $15,000 in 2 weeks, until their campaign took on momentum and rocketed $300,000 in just 2 months.

This initial backing enabled them to launch their first line of watches.

Once they secured they went hard on digital marketing. FB ads, influencer marketing, UGC content, hell even Pinterest, MVMT were everywhere online.

And their marketing strategies worked wonders.

By 2017 the brand was doing over $70m per year in revenue and hadn’t rasied a cent of venture money to get there.

The, just one year later, they were acquired by Movado Group for $100m, with two additional payments of $100 million in total as part of an earnout agreement.

But while this kind of outcome is what all founders dream of, for Jake, he found selling the company made him feel more lost than ever. He wrote a fascinating Reddit post on his experience after selling his company, which is well worth a read.

A timely reminder (pun totally intended) that making a load of money isn’t a silver bullet to solve all of our problems.

HALF BAKED PICKS

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