- Startup Strategist by stratup.ai
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- Niching down
Niching down
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Welcome to Startup Strategist by stratup.ai. It's Friday, and we hope today's topics will interest you.
Estimated read time: 2-4 minutes
News stories: (1) Deeptech labor market Europe (2) YC demo day
Startup info: Niching down
3 Resources: (1) Funding (2) Hiring (3) Growing sustainably
StratupAI Generated Idea: lab grown/sustainable proteins
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News
1) ‘We can’t find a single German or European applicant’: Deeptech startups feel bite of talent shortage (Sifted.EU)
According to SiftedEU, “The country lacks 310k professionals across science, technology, engineering and mathematics (STEM), and the proportion of students studying in these areas is declining.”
2) YC Demo Day (TechCrunch)
An issue I have read about in healthcare is a shortage of labor supply in roles like nursing. This is increased by the rising ratio of the elderly population. A startup that participated in YC’s ‘Demo day’ is trying to reduce the time nurses spend on paperwork. TechCrunch says, “To help ease the documentation burden for nurses, Zha co-founded Andy AI with Max Akhterov, a former Apple staff engineer. Andy is essentially an AI-powered scribe, capturing and transcribing the spoken details of a patient visit and generating electronic health records.”
Niching down
As @levelsio writes in his e-book, “niches go against the ‘go big or go home’ attitude that the rise of startups in the mainstream media pushed from 2006 onward.”
Peter Theil shares this viewpoint, and points to Amazon and PayPal as examples.
He continues, “Most big companies started very small.” A heuristic sometimes mentioned is; recognizing what irrational biases people have about ideas or industries can be useful. In this case, @levelsio applies it to the size of a nice, by saying “people don’t like niches because they’re too small for peoples egos.”
3 Resources
Lab grown/plant based proteins
“Developing sustainable alternatives to animal-derived products is a growing area of interest and frustration for many consumers concerned about environmental impact, animal welfare, and health. While plant-based products have gained popularity, there is still a need for biotech solutions that can replicate the taste, texture, and nutritional content of animal-based proteins such as meat and dairy. A startup that focuses on creating lab-grown or cultured proteins using biotechnology could address this frustration.”
Disclaimer: The startup ideas shared in this forum are offered for general consideration and discussion. Individuals utilizing these concepts are encouraged to exercise independent judgment and undertake due diligence per legal and regulatory requirements.
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The startup ideas, strategies, and suggestions shared in this forum are provided for general discussion and informational purposes only. Any individual or entity considering implementing these concepts should exercise independent judgment and conduct thorough due diligence in accordance with legal, regulatory, and industry-specific requirements. Startup Strategist does not guarantee the accuracy, completeness, or suitability of any information shared. It is recommended to consult with legal, financial, and other relevant professionals before proceeding with any business ventures or decisions.