If you do not know what business to do, then this material is for you! Forbes has been looking for fast-growing startups worth up to $ 1 billion every year over the past five years. All these successful entrepreneurs are united by the fact that they were able to find their niche by proposing a new solution to old problems, making services more convenient than competitors.
Freight Application
Next Trucking is not the only company engaged in logistics and digitizes the process of booking freight, using Next as an intermediary. There are many well-funded startups such as Transfix from New York, as well as Uber Freight and Amazon. But these companies are focused on long-distance transportation.
38-year-old Lydia Yang and her co-founder, 41-year-old Elton Chang, cunningly sent Next Trucking to another lucrative niche, deciding to provide services for less remote areas.
Last year, the startup made nearly $ 46 million in sales and estimates that revenue could more than double this year to $ 120 million. According to Yang, when it comes to cargo, "the first mile is just as important as the last."
Cryptocurrency Analysis
Chainalysis creates cryptocurrency research software. It shows how people use Bitcoins, Ethereum, Litecoin, and more.
Founders Michael Gronager (CEO), Jonathan Levin, Jan Moller have a net worth of $ 53 million.
Alex Bean and Blake Murray
Divvy's Cost Tracking Service offers its planning and budgeting, fraud detection and cost management tools for free. Instead of charging users a fee, Lehi provides companies with individual MasterCards and charges sellers commissions from a bank account when people make purchases.
Founders, former classmates Alex Bean and Blake Murray (35), have won over 3,000 corporate clients.
Founders Blake Murray (CEO) and Alex Bean have a net worth of $ 257 million.
Delivery Tracking
Founders Arun Chandrasekaran, Matt Elemental (CEO) have a net worth of $ 101 million.
Matt Elenjickal, a 37-year-old logistics specialist, received his Master of Business Administration degree from Kellogg School of Management from Northwestern University and founded FourKites in 2014.
It helps companies find out where their deliveries are, when they arrive, and what happens along the way. Its predictive supply chain management software is currently used by over 260 of the world's leading shippers.
Internet retail
Founders Marcelo Cortes, Daniele Perito, Max Rhodes (CEO) have a net worth of $ 116 million.
Seeking to help moms and small shops survive the Amazon era, Fair wants to take a chance and get rid of bulk purchases, helping retailers find and buy new products over the Internet. Buyers can make a free return of goods that were not resold within 60 days.
Today it offers 5,000 brands in 35,000 stores.
Foreign language learning app
It would seem that new things can be offered in the field of studying foreign languages?
Founders Luis von Ahn (CEO), Severin Hacker, who earned $ 700 million, were able to offer customers the convenience for which they choose Duolingo, the world's most popular online language learning tool. He has 28 million active users per month!
Most use the free version of their courses.Revenues, mainly from the Duolingo Plus subscription fee without ads, are expected to double this year.
Created seven years ago by the "brilliant" 40-year-old computer fan Luis von An, Duolingo attracted everyone - from Bill Gates, Chloe Kardashian and Jack Dorsey to Syrian refugees in Turkey.
Von Ahn, of course, knows how to work on a large scale. When he was a 21-year-old graduate student, he presented the world with CAPTCHA - a letter and number key known to billions of Internet users that will block the path to work until you enter it correctly to prove that you are not a bot.
He later sold two inventions to Google, earning more than $ 20 million. Therefore, the development of an application for learning languages is a logical continuation of its success, which is estimated at $ 700 million in 2019.
Opportunities for football professionals and fans with FuboTV
Sung Ho Choi, David Gandler (CEO), Alberto Horiuela have a capital of 145 million dollars.
44-year-old David Gandler, a longtime online sales manager, launched FuboTV in 2015 to fill the unmet demand in the United States for watching foreign football league games.
FuboTV offered to start live broadcasts of football channels such as GolTV and Benfica TV, and then expanded the program by closing deals with beIN Sports and Univision.
Today, FuboTV in New York is a cheaper alternative to cable television (from $ 54.99 a month), offering over 90 channels.
Creative people must be rich
Jack Conte (CEO), Sam Yam owns $ 166 million in capital.
The musician, who became an entrepreneur, 35-year-old Jack Conte decided to break the conventional stereotype of the "starving artist", helping artists to earn a steady income.
“The decision to become an artist should not be a sentence to overcome difficulties and poverty,” Conte said.
The company currently uses Patreon, and in 2019 the company expects to pay more than $ 1 billion to its users.
From luxury living to shoe manufacturing
Roth Martin, a former art gallery owner, and Stephen Hawthornthwaite (aka Hawthy), a former investment banker, launched their shoe brand after their wives complained that they had nothing to wear.
When Roth Martin, who had bathed in luxury, announced that he would manufacture shoes, many could not believe that this was possible and understand why he needed it. But only one who believes in himself and does not listen to acquaintances advances.
The most amazing thing is that shoes are made from recycled plastic bottles using 3D printing.
In just three years, production has expanded rapidly thanks to direct sales over the Internet, reaching $ 140 million last year.
In three years, Rothy's shot up out of nowhere to this amount, mainly due to cheap social media marketing and rumors.
According to the research company NPD Group, behind Roth’s success are changes in the structure of purchases and in his understanding of what women want to buy from shoes. It turns out - this is comfort and stability.
After a trip to China in 2013, friends came up with the idea of knitting ballet shoes. A new shoe concept appeared, which implied that production could be carried out with less waste. The yarn itself consists of recycled plastic water bottles that are sterilized and melted into granules, which provides a lot of CA fans who care about the environment.
Like 3D printing, 3D knitting starts with computer design, but then the processes are different. Rothy 3D knitting machines have thousands of needles that run back and forth and knit yarn and shoe upper. These three-dimensional knitted tops come off the machine in one piece, unlike a typical shoe design that glues pieces together, then the workpieces can simply be attached to a recycled rubber sole.
But Mouth owned the art gallery for good reason.He chooses colors, designs, and follows the style, which allows him to make not only comfortable, but stylish and creative shoes.
Conclusion
As you can see, the world is waiting for new ideas and is ready to generously reward those to whom they come to mind and who can do something useful for millions.