💡Minimum Viable Idea #1
💻 💾 Source Control for Non-code Related Projects
IDEA: Everyone working closely with the tech field knows that Github is the industry standard for source control. It is the ultimate collaborative tool allowing developers to get coding projects completed. Every company needs effective collaboration, but no tool comes close to what Github provides to coders. Sure, Google Docs and SharePoint are effective, but not when someone can actively overwrite your work or when Sheila from Accounting forgets to “check-in” the spreadsheet before going on vacation. What if there was a way to clone, branch, merge, manage, and review files while allowing employees to independently work on project additions?
PRODUCT: Source Control for Non-Code Related Projects. Create an online collaborative platform allowing project teams to download or “branch” current versions of files, make changes independently on their own machines, upload or “push” the new version, and alert a project manager to review changes before “merging” the file to become the current version. To enhance security, add an audit trail to track changes by user. For an enhanced user experience, allow managers to be able to seamlessly create projects using templates or from scratch and add necessary employees on a case by case basis.
NAMES: ProjectTrack, Collab, Sourcify
REVENUE MODEL: Freemium with additional paid features
EXIT STRATEGY: Sell to Github, BitBucket, or another source control provider for 5x revenue.
💡Minimum Viable Idea #2
🚘 🚔 Parking Citation Audit App
IDEA: There’s no other way to say it: parking tickets SUCK. Nothing makes a bad day worse quite like returning to your car to find a bright green envelop under your windshield wiper. Tickets can be super costly. Not only is the upfront penalty ridiculously steep, but enough parking tickets can also get your car towed costing you hundreds to retrieve. What if there was a way to fight the citation without the hassle of the court system or legal fees?
PRODUCT: Parking Citation Audit App. First, users create a profile with their car’s make and model, VIN, license plate number, etc. Next, simply take a picture of the violation notice and the app scans it to see if there are any discrepancies that would invalidate the ticket. If there is, generate a letter that can be sent to the parking authority.
NAMES: Ticket Buddy, Park Audit, Ticket Acquittal, Overturn
REVENUE MODEL: Users pay ~20% of original ticket cost upon successful negation of parking ticket.
EXIT STRATEGY: Sell to a large law firm for 3x revenue.
💡Minimum Viable Idea #3
🏀 🏈 Sports Betting Platform with Live Game Feed Access
IDEA: Sports betting is one of the hottest industries in the world right now. And in the United States, it is only becoming more popular as gambling is being legalized in many states. Hell, even Kentucky allows it. There are all sorts of betting apps out there, so you have to be different if you want to compete. You are also going to have to target a very niche group of people. Many bettors will stick to football, basketball, and baseball; sports that they know AND they can watch on TV. But what about the fringe bettors? The real ‘degenerate’ gamblers who are in it for the love of the game. The ones who will stay up late refreshing sketchy websites for updates on second division Japanese volleyball, or South African rugby, or Real Madrid vs PSG… handball. How do you reach those gamblers?
PRODUCT: Sports betting platform with Live Game Feed Access. In addition to US and mainstream international sports, offer line and prop bets on a wide array of obscure international sports. Strike deals with overseas leagues to be their US streaming partner. Grant users access to obscure live game feeds for a minimum bet of $5. Get a casual fan hooked on the Tokyo Great Bears or the Berlin Recycling Volleys and you’ve got a customer for life.
Seriously, if you have a gambling problem, call 1-800-GAMBLER.
NAMES: StreamBet, Bet247, Bet the Ocho
REVENUE MODEL: Transactional, charge per bet
EXIT STRATEGY: Sell to a large betting service like DraftKings or FanDuel for 7x revenue.
💡Minimum Viable Idea #4
📈 📊 AI Report Analyzer for Power BI and Tableau
IDEA: AI is exploding in popularity and every company from one-man startups to trillion dollar corporations are implementing it into their core processes. One area it is severely lagging behind is in visual reporting. With CoPilot enabled Power BI licenses being outrageously expensive and many companies hesitant to put their sensitive data into ChatGPT, there is an opportunity to step in where other solutions are falling short.
PRODUCT: AI Report Analyzer for Power BI and Tableau. Build a custom AI chatbot that can be imported directly into a report. Allow users to ask questions of their data, glean valuable insights, and identify trends without fear of their data being used to train an AI model. Bonus points if you can have it create visuals based conversation or generate insight reports.
NAMES: Recon, ChatBI, LowDown
REVENUE MODEL: Subscription plans for chatbot access and support
EXIT STRATEGY: Sell to Microsoft, Tableau, or other visual reporting company for 3x revenue.
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