What are the most crazy startup ideas which turned into successes? First asked on Quora and now turned into a global phenomenon, this question sparked a lot of interesting discussions on this topic. While a lot of ideas seem ridiculous in the beginning, they turned into massive successes later on because of the hard work the founders put into making their dreams come true. Here’s taking a look at ideas that seemed impossible to even be true and how they are one of the biggest success stories of today.
Founded by Alex D’ Angelo and Charlie Cheever, former Facebook employees, Quora took off from where Yahoo answers stopped growing. When something like this already existed, not many thought Quora would become a success. Founded in 2009, the website took off immediately and became so successful, it had 500,000 registered users by 2011. Now, 7 years later, Quora has a valuation of 900 million dollars and is one of the most successful startups in the world! Who would have thought piggy backing off an existing startup would quite literally squash the old one, right?
When Mark Zuckerberg created a social media platform in his bedroom during a dull day at Harvard, little did he know he was sitting on an idea that would become the first ever trillion dollar company. While there were other social media networks already present (MySpace) what made Facebook stand apart from its competition was that Zuckerberg and his friends gave the world a service they did not think they needed. Furthermore, another unique selling point for Facebook was it was through invite only and this created an exclusive factor for the excited users. Now, so many years later, Facebook became the first company to enter the trillion dollar valuation.
3. Vitality Air
Fresh clean air is a luxury not many can afford, right? Apparently, Vitality Air, a startup of Canadian origin, thought the same. The founders (Moses and Troy) of this very bizarre startup realised a lot of people did not have access to clean, fresh air and the best way to counter this need was by bottling up the air they had in excess. Launched in the year 2014, Vitality Air grew so quickly, it shipped over 4,000 bottles to China in a week!
4. Holy Ink
How many times have you looked at your printer and realised you couldn’t use it because you ran out of ink? Father Bernard McCoy had the same difficulty and when he found out he ran out of ink, he decided the only solution to the problem was to start his own ink refilling business. Taking this idea forward, the eight brothers of Cistercian Abbey in Monroe put aside their singing for a while and got down to good old labour. From earning only $ 2000 as revenue in 2002, the brothers of this enterprising business ended up earning a whopping $ 2.5 million by the year 2005.
5. “I Do, Now I Don’t”
Every time you watch a man in the West buying a diamond ring for his fiance, you think, oh, this is so cute. Ever thought of what happens to the ring when the engagement is broken? Josh Opperman, the founder of I Do, Now I Don’t, was in the same predicament. His fiance of three months broke up with him and left behind a very expensive wedding ring. Instead of fretting about the problem of not being able to sell the ring, Josh Opperman came up with the idea of a website meant just for this purpose. Essentially, Josh created website based on selling rings and other jewellery with the same formula Craigslist uses! You know where to go when the jewelers refuse to give you a good price for your ring.
The idea for AirBnB came about when one of its founders realised couchsurfing could turn into a very lucrative business. What initially started off as a model where the owners rented out their homes to people, now has a valuation standing at $ 1.3 billion. When the idea initially came to be, a lot of investors were extremely skeptical and refused to invest in this idea. However, the founders believed in it so much that they started selling their own brands of cereal and breakfast foods to raise money! Based on political figures (Obama O’s, Cap’n McCain and Breakfast of Change,) and branded as limited edition products, these breakfast foods sold like crazy and within two months, they sold 800 cereal boxes, valued at $ 40 each. Earning a grand total exceeding $ 30,000, AirBnB hit the ground running and is now a revolution!
Ideas make the world turn and when you believe in something, you have to make it happen. If you think we missed out on any other really cool ideas, comment and let us know!
Best Artificial Intelligence Devices And Apps
The internet has evolved and with it, so has technology. The year 2019 has seen an increasing presence of artificial intelligence in almost every field and if you are looking at investing in AI gadgets and apps, then these are the ones for which you should go!
AI enabled apps have come in the form of a blessing in disguise. Fyle is exactly one such app. Available for iOS users, this app lets you track, scan and upload all your financial expenses. Called intelligent expense marketing, this app comes powered with artificial intelligence, keeps a track of the investments and basically, increases a company’s overall performance!
2. Google Home
Sticking to Google’s theme of using AI in all of its devices, this particular device uses a combination of machine learning and artificial intelligence. Doubling up as a personal assistant to use on the go, the Google Home looks up your questions and answers them the best way possible. Although it may not have the capabilities of answering like a human just yet, the Google Home is still one of the best devices using AI in recent times.
3. Netatmo Welcome
The best depiction of how AI is used in everyday life, the Netatmo Welcome is the security camera every home needs to have. By distinguishing between intruders and homeowners, this device uses a combination of AI and machine learning to act as the perfect guard. Furthermore, this device also sets off alarms if your house is on fire and stores videos for a certain period of time. If you need an alarm, then this is the device you need!
4. Kuri Home Robot
While the Sophie robot has been making the headlines for all the right reasons, the fact that it isn’t as easy to avail is still a problem. The Kuri Home Robot, on the other hand, is similar in functionality and quite affordable. From answering questions, to performing basic chores around the house and to playing music out loud, this robot is essentially an extremely efficient assistant. By using the associated voice app, you can also tweak and change the settings so the robot can wake you up when necessary. Unfortunately, this robot isn’t available for sale yet, but can be preordered!
Designed to help better the English of those who can’t speak the language, English Language Speaking Assistant, ELSA, is an app which is available for Android phones. Widely used by those who come from places where English isn’t the first language, ELSA is extremely helpful for those wanting to learn English. This app is designed to help users learn and improve their English learning and pronunciation skills in a span of 4 weeks! Not only does it help you learn the language, it also provides you with a full fledged report which shows what your progress has been like since you started using the app!
Artificial intelligence, when used the right way, has more than its fair share of benefits. From home devices to language skills, these devices are the way to go when it comes to making your lives easier. If you think we missed out on any other devices like these, comment and let us know!
Edutech Startups Which Are Changing The Education World
Tech startups are the talk of the town today, with a major hand in fields ranging from medicine, to gaming, to healthcare and to education. In the last few years, the edutech area is shaping up to be quite exciting, with new edutech startups booming every few months. Here’s our list of edutech startups which are quite literally changing the education game!
At its core, Nerdify is basically like your personal assistant which helps college students. Designed to help college students answer any questions they have or order books they had difficulty finding, Nerdify is easy to use. With either a text or a message on the Facebook page, personal assistants, called Nerds, help students with whatever they want. Extremely easy to use and simple to download, the app helps make life easier for college students.
Founded in the year 2015 by Byju Raveendran, Byju’s as an app primarily focuses on children belonging to the primary and secondary fields. By creating interactive studying sessions, the app helps simplify the study material for children going through the toughest years of their schooling life. With more than 3 lakh monthly subscribers, the app has not only helped change the way children learn, but has instilled the love of learning in children.
Unlike the previous years, it has become imperative for students to not just indulge in rote learning, but also understand, analyse and comprehend what they read. Newsela has been created with exactly this formula in mind. With carefully curated articles on different topics, this app helps students go beyond the basic text. Through grade appropriate content, students can study the material and be assessed on what they have learnt!
Edukart is changing the education game one day at a time. By helping both students and professionals, the app offers a wide range of services ranging from more than 2,000 plus courses in degree, diploma, certificate, entrance coaching and K12 categories. Founded in 2011, this app has been making great waves in the Indian education system!
With the education game growing stronger every day, the days of sticking notes and reminders inside backpacks is now a thing of the past. Designed to improve communication and make conversations between students, teachers and parents easier, Remind works because it is smooth, easy to use and works on a real time basis. Without asking either parties for their numbers, the app lets you send messages on the app to remind people about things they have forgotten. From reminding people about assignments, to reminding parents about parent teacher meetings and visits, this app is quite literally a life saver!
6. Class Dojo
In today’s day and age, maintaining classroom culture is extremely important. The Class Dojo app helps maintain seamless communication between the students, teachers and the parents. Designed to make conversations easy, Class Dojo is changing the way the education system works.
7. Peer Grade
While it is important for one to get assessed by those older than you, getting feedback from the people who are your age is equally important. Peer Grade does exactly this. The teachers give the assignments, the students complete and upload it and the teacher assigns other students to grade the projects. Not only does this app help the students understand how their peers are doing, it also helps the instructors get better by looking at the way the students go through the course material.
With so many apps doing so well, it comes as no surprise that the education field is doing better every day! If you think we missed out on any other apps like these, comment and let us know!
Different Types Of Chatbots And How To Use Them
If you were under the impression that there is only one kind of chatbot, then think again. Although the basic forms of chatbots are the ones used the most frequently, there are different types used for different scenarios. Chatbots use chat mediums and come in a series of types, each designed to benefit your business in the best possible way. If you are looking at the different types of chatbots best suited for your brand, then here’s our most preferred list!
1. NLP based chatbots
At its very core, chatbots show how artificial intelligence works. NLP chatbots go a step further from the generic chatbots in the sense that they use a combination of AI technology and Natural Language Processing (NLP.) By using a combination of these two forms, this type of chatbot identifies the intent of the use, classifies the messages and then gives answers depending on the language of the texts. In short, NLP chatbots help in creating a uniform communication between your brand and the customer.
2. Menu based chatbots
Similar to the automated menus on phones, these chatbots increase interaction and ensure that when you are looking for the answer, you dig deeper than you normally do. While they may be among the slower form of the chatbots, they help in answering 80% of the questions people usually ask. From helping you answer the basic form of questions to giving you the option of finding the right answers, these type of chatbots help in finding the exact answer for your question.
3. Keyword based chatbots
Unlike NLP and Menu based chatbots, Keyword based chatbots are extremely user friendly. By using a combination of customizable keywords and AI technology, these chatbots help determine the response which is best suited for the user. Faster and quicker to use than most chatbots, Keyword based chatbots also help in answering questions that basic chatbots don’t have the ability to.
4. Service/Action chatbots
The best way to describe service/action chatbots is by looking at how they work. By asking and collating data from the user asking the questions, these chatbots answer questions based on what people ask. These type of chatbots are best used by companies in the airline and clothing industry. Compared to the other type of chatbots, the service chatbots are tailor made to answer the users to the best of its abilities.
5. Context based chatbots
Of all the chatbots mentioned in the list, Context based chatbots are the most advanced. By using a combination of machine learning and artificial intelligence, these chatbots not only have meaningful conversations with users, they also remember previous conversations. For example, if you are trying to order pizza from a place you frequent, the chatbot remembers your address and also remembers the last order you made on the app. Using data and user based information is one of the biggest advantages of context based chatbots, giving users a complete experience of how the app works.
Chatbots are designed to improve the user’s experience with the app and help in making your experience with the store that much easier. If you think we missed out on any other chatbots like these, comment and let us know!
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