So many Start-Ups, so little time…
When reading about new start-ups I think about two things.
Would I use it in my everyday life and is the company truly differentiating
itself from the rest of the market? It feels like there is a new Start-Up
generating buzz every day in New York and California. As a tech enthusiast, it
is exciting to see that while New York used to take the backseat to Silicon
Valley it is quickly coming into its own with a burgeoning tech community
dubbed, “Silicon Alley.” Nevertheless, it makes it difficult to distinguish
between the success stories and the ones that will fade away by next year. The New
York Times published an article a few months ago profiling ten new start-ups
that they see potential for them to become the next big thing. In my opinion, I
believe the future is very bright for many of the companies on this list. I am looking
forward to seeing what the future holds for companies such as TaskRabbit and
Pinterest, which seem to have a unique and creative business idea and how they
will capitalize and turn their success into a successful revenue growth model.
1 comment:
I currently work at a start-up in the real-estate market. One of the myths of the start-up community is that it has to be exciting or innovative. The start-ups that the NY Times talks about have to be exciting and innovative for people to read about them but most start-ups are not tremendous failures or the types of successes that change the world. At least, they don't start that way. Our company invests in real estate properties in New York and New Jersey. It consists of less than five people and we are not trying to go viral. So, you might wonder, what is the secret to how we survive? What is our secret sauce? The truth is that there really isn't any. We target a market that is smaller and less interesting to the big players in this space. If you think about most start-ups, this is really where the sucessful revenue growth model begins. We may evolve in the future into a larger player in this space and if we do, our business model will evolve as well. But, you have to start somewhere.
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