A couple weeks ago, I received a tweet from someone who asked my opinion about which startup he should choose. At first, I thought that was an odd question. Everyone knows that startup entrepreneurs have to eat, sleep and breathe their business, so it seemed obvious to me that the answer would be to pursue a startup that he’s passionate about. Without that burning desire, it’s easy to get burned out.
However, it turns out the question of which startup to pursue can be more complicated than that. According to an article on TechCrunch entitled How to Choose Your Startup Idea, there are many things to consider.
If I was going to begin another startup, I would want to choose an industry that matters. In other words, I’d want to know that I was making the world a better place. I’d also want to choose something that would make getting funded seem like a no-brainer. But what are those industries?
Y Combinator is a company that provides seed funding for startups. According to their website:
At Y Combinator, our goal is to get you through the first phase. This usually means: get you to the point where you’ve built something impressive enough to raise money on a larger scale. Then we can introduce you to later stage investors – or occasionally even acquirers.
Recently Y Combinator compiled a list of 22 fundable startup ideas for industries “that matter.” Funders and Founders then took their 22 ideas and compiled them into this handy chart. If you click over on the Y Combinator link above, you can read more details about each one of these 22 startup ideas.
As a technology geek, I’m thrilled to see that almost all of these are technology based. I’m going to send a link to this article to the person who sent me the tweet asking my opinion about which startup to choose. I hope this article helps him with his decision.
Article was written by Diana Adams and published on Podjam.TV blog.