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As it turns out, human error is the biggest cause of downtime. They have raised $240,000 on Kickstarter.ĭowntime costs companies a lot of money - about $26.5 billion in lost revenue, to be exact. They also have a subscription plan that sends ready-to-cook meals to your door. This is a set-and-forget smart oven that can automatically cook meals “to perfection.” When you put one of their tech-enabled meals into their oven, it knows the exact timing/temperatures required to cook your meal. Tovala – Smart oven with a companion subscription meal service:
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By unlocking online payments, Paystack could help African businesses thrive with the next generation of customers.
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Paystack costs businesses $0.50 plus 1.9 percent for local cards and 3.9 percent for international cards. The integration takes just 30 minutes, rather than 3 weeks, and reduces the payment process from 7 steps to 2 steps.
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Paystack lets businesses accept payments via credit card, debit card, money transfer and mobile money on their websites or mobile apps. Paystack – Online payments for African businesses:ĭespite solid Internet penetration, most payments in the 180 million-person country of Nigeria are done offline. Read more about MagicBus on TechCrunch here. MagicBus says it is growing 50 percent month over month, with 48 percent of riders using the service every day. The transportation between cities to suburbs market is $1 trillion, according to the company. MagicBus vehicles can fit up to 14 people and guarantees riders few stops. MagicBus tries to be the best of both worlds - affordable and fast. With Nurx, you pick a birth control and one of their doctors writes the prescription and ships it directly.Ĭommuting between cities and suburbs can be a pain. Getting birth control can be quite difficult - one needs to have a means of getting to a doctor and be comfortable speaking with a doctor about it. Here’s a look at the 60 we can talk about. Sixty-three companies launched in all today, with 3 of them being noted as “off the record” in advance (that is, they’re a bit too early-days for media coverage as always, we’ve honored that request). Altman also mentioned that the $1 billion Cruise self-driving tech acquisition has bolstered investors’ interest in hard-tech companies. Yet now he believes the correction “hasn’t trickled down yet” but maybe will by next Demo Day. For the last year, he says YC has been telling startups to raise less and get to profitability faster in anticipation of a frosty fundraising climate. Yet Altman told us that investment was “hotter” today than he’s ever seen it, with VCs aggressively pushing to invest on the spot. Today, many startups mentioned that they were already profitable, would be in several months, or were in specific markets where you don’t account for money spent trying to expand. But due to the market correction, VCs are more keen on startups that can become sustainable faster and won’t need endless funding to succeed. In the past, YC startups have highlighted their growth, downplaying profitability as some saw it as a sign that they were shooting too small or not reinvesting enough. The big theme of the day was profitability. A few chairs short, millionaires from around the world could be seen sitting on the floor to watch startup after startup strut their stuff - many of them for the first time.
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The house at YC’s Demo Day was packed - more than anyone expected, it would seem.