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College scholarships, white label crypto exchange, and monetizing your data
I can’t stop thinking about this concept from Farnam Street’s Brain Food Newsletter.
There are nine primary sources of advantage:
Raw talent/intelligence - Some people are just naturally better/smarter.
Hard work - Some people work harder.
Differentiation - Seeing the world differently.
Process/discipline - Creating a process and following it.
Talent collector - The ability to hire the best people.
Patience - Success takes time. Some people aren’t willing to wait.
Ability to take pain - Resilience in the face of challenges.
Temperament - Keeping your cool when others are losing theirs.
Luck
Some of these are innate, but plenty of these can be implemented with intentionality.
– Luke
The Backseat Startup Podcast
In the most recent episode of the Backseat Startup, we had Simeon Gow of SORT IT AI on the show. A Reddit user asked for the best marketing strategies for bootstrapped startups. Amir and Andrew gave their thoughts.
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The Founder Roundup
Paving the Path for Affordable Education
The Problem 🤕
Education costs are getting higher every year, placing a burden on students and their families
The Solution 🔨
Their solution is the SecureMyScholarship platform, which connects students with scholarship opportunities and fee waivers at universities globally.
How it Works ❓
The platform allows students to browse universities, filter to find the best match, access scholarship information, and submit an application that the platform processes and sends to the chosen university.
Traction 📈
In just 18 months, SecureMyScholarship has dispersed over $6.3 million in scholarships and anticipates generating about $1.5 million in revenue for the year.
How you can help 🤝
Readers can get involved by visiting their website, applying for scholarships, and spreading the word.
Always believe in yourself and your vision no matter the challenges or obstacles that will almost definitely arise. Without belief you will not have the conviction to persevere when things are tough.
Democratizing the Crypto Exchange Space
The Problem 🤕
Flincap is solving the problem of too few crypto to fiat exchanges, as well as the technical expertise and financial constraints that prevent potential exchange owners from building their own exchanges.
The Solution 🔨
Their solution is a white-label crypto exchange platform that allows anyone to launch their own exchange without needing to handle the technical aspects or build everything from scratch.
How it Works ❓
It works by offering a ready-to-use platform with all the necessary infrastructure, such as a wallet system and real-time rates for crypto and fiat currencies, enabling exchange owners to focus solely on their business.
Traction 📈
Since its launch in February, Flincap has been experiencing a steady 15% weekly growth in revenue and has seen increasing user adoption, indicating the startup's value in the crypto space.
How you can help 🤝
Readers interested in owning a crypto exchange can visit their website to register an account and start building an exchange using their infrastructure, even if they have little to no technical expertise.
Embrace the concept of 'Just Launch.' Instead of waiting for a perfect product, focus on getting your product to the market as quickly as possible. While innovation and product excellence are crucial, prioritize revenue generation from Day 1.
Empowering Individuals through Data Democratization
The Problem 🤕
datalatte is addressing the monopolization of personal data by a handful of tech companies, which leaves individuals without control over or financial rewards from their own data.
The Solution 🔨
The platform allows users to monetize their personal data by answering surveys, with the data then being anonymized and pooled together
How it Works ❓
Users can access a feed of surveys they can answer to earn money, with the collected data being anonymized and sold to the survey-publishing clients; this data can also be resold on a secondary marketplace, enabling users to earn a passive income.
Traction 📈
The traction has been significant enough for Founder, Amir, to collaborate with a range of people, secure grants, and lead a team of developers and advisors, despite being a first-time founder.
How you can help 🤝
Readers can get involved by answering surveys on the their website to monetize their data while maintaining control and privacy, contributing to the broader mission of democratizing the data economy.
Fail as fast as you can, and after each fail get up even more optimistic.
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Community Corner
From our friends at Resolute Future: Welcome to the Entrepreneur Ecosystem - where founders can connect with mentors, and resources designed to help you build and scale your business. With access to software, professional services, finance, marketing & development resources, our ecosystem is the perfect place to connect with like-minded individuals and turn your ideas into a reality.
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