Rate this business idea
An app, similar to Tinder, which matches investors with investors or investment projects.
All users are certified, the information is transparent only to a degree which allows to have an understand of what they do. When both parties match, they sign virtually a NDA to prevent stealing of ideas and they meet or discuss the project through the channels offered by the app.
Would you invest? Any drawbacks (already made, issues, etc.)?
Honestly, a buddy of mine in b-school had something similar to this as an end-of-year project idea. You may get shit on for it, but I thought it was fuckin' fantastic. I would get rid of the 'swipe' and 'match' terminology/features as I just think it feels "too much like Tinder" and it may denote the seriousness of it. I genuinely actually like the idea, LOL. I had a great idea for a startup app that combines Uber/BNB for parking spot rentals, but as always I was too late and someone already figured out how to do it.
Side note - I'm not a lawyer, but my brother is so I am often on the receiving ends of many law and legality lectures. I'd find it extremely hard to have an NDA agreement embedded that would actually hold weight, and it would require significant work on the investment end for the seller to display information in such a way that would not give anyone enough information to capitalize on. Even then, it'd be pretty damn hard for the original firm to 'prove' that someone stole their idea with the app so there could be plenty of malicious issues with it.
I think in order to use the app, you'd have to first sign up and verify that you're a working professional with enough capital to a) invest actual green into any idea that you see fit or b) aren't some high schooler LARPing as Mark Cuban. I think it'd be very hard to pull off successfully but would honestly love to see some shit like this in the future. If you've got a team comprising of some VC guys, software engineers, a couple of lawyers on retainer, and some marketing folks, I say fuck it - launch. Startups are risky and a lot of them are cringe as fuck but hey, you never know.
love the comment, will plan
Investor vetting is relatively easy. Project vetting is 100x harder.
What makes this impactical is that a few of these platforms exist and all struggle to solve that problem.
Feel you. Great idea in theory, would love to see it work. Won't disagree that it'll be insanely hard to pull it off
So AngelList for IB/PE type deals? Pretty sure this already exists doesn't it? Maybe just not as well known, so someone else can chime in but this feels like I've already seen this before.
https://www.axial.net/
This is one of hundreds
The fact that no one on this website (which would be a part of its core demographic) has heard of it proves there's space
Facebook wasn't the first social media company and Google sure as shit wasn't the first search engine. What matters more than being first is execution
This website is a bunch of students, 4chan/reddit incels, interns and banking juniors with a small smattering of anyone who even comes close to doing any kind of origination. Fuck I don't even place myself squarely in the origination bucket. So no, just because the common pool of ignorance here is black hole sized, doesn't mean shit.
It's nice to philosophically say "being first doesn't matter, look at GOOG!". This is a "marketplace" idea where network effect matters. You're welcome to Google those if interested.
I think it's a very cool idea, especially because similar platforms exist but I don't know if any are targeted at the average consumer (i.e. all these new "investors" who are suddenly day trading options on Robinhood, buying coins/NFTs, and might be willing to throw $2k at a startup company they like the sound of). The legal/operational side of this business will be difficult for sure.
In the world of start-ups, you will almost always find that you are not the first one to come up with an idea. That's just the reality. But I think it's a shame to let that fact deter you from launching something that you think might have potential.
Love your second paragraph - so true. When I trade on my personal account I view it the same way - someone in a hedge fund knows a fuck ton more than what I do about this trade, as they have hundreds of different resources for their disposal to get a better read. I think the same goes for a lot of startup ideas. There's seven billion people in this world, if you're having an issue then most likely someone else has had it too, so why wouldn't someone have already capitalized on it?
But letting that deter folks is definitely not the way to go. I feel at the end of the day, the next Uber or ABNB or Square founder may not even be the original idea-holder, they just may be the one that knows how to capitalize on it the best. The one that knows how to hire, how to fundraise, how to move the pieces of the business puzzle around to turn someone's idea into a reality. Hell, in my opinion, that's why I think 95% of successful founders and/or cofounders should never be the CEO or other upper management of their company once it starts to take off. Gotta hire someone for that, let the wave ride out!
I like it Picasso
Without punctuation, this sentence does not make sense. Did you mean "I like it, Picasso."? Please fix
Thanks
I think it could be pretty cool for acquisitions. You could have a purchase price and intrinsic value estimate - conducted by a valuations agent (3rd party). I can just imagine scrolling through those company listings.
I'm a software engineer, I've worked at mostly finance/ finance facing companies and lead up some projects from start to finish. Here's some stuff to consider (that I would ask if I was going to build this out)
That's a few things to think about. I've got a meeting in 5 mins so I'll cut it off right there. If you need help feel free to ping me, we can chat more. Sounds like a cool idea. As others have said, iterations of this exist but there can be multiple winners in this sector.
1) how many people out there do you think have enough capital to be business investors?
2) don't you think the majority of businesses on the app will be scammers trying to fool random strangers. if they had legit ideas, wouldn't they just go to VCs or banks?
A possible issue that may arise: adverse selection. The better-qualified startups (with more experienced founders and greater know-how to go through the funding process) could seek investors directly, making the platform concentrate less interesting startups and ideas - which results in less investor interest in being part of the platform.
However, if you are able to get past that stage, and create a network so powerful that even the best startups and investors want to participate, it could be an amazing idea. In addition, it is also possible that the app path to find investors is seen as complementary to the direct approach, especially with a strong network present.
Tinder model makes little sense here. An investor will 'swipe left' on majority of startups. A startup will 'swipe right' on all investors.
That's something I would hear from a random zapped dude in an Art Basel after party
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