Discover more from Startup Istanbul
Formula for success
“More smiling, less worrying. More compassion, less judgment. More blessed, less stressed. More love, less hate.” ― Roy T. Bennett, The Light in the Heart
Source of motivation
“I can't give you a sure-fire formula for success, but I can give you a formula for failure: try to please everybody all the time.”
― Herbert Bayard Swope
Startup Discovery Digest
Homebase is a decentralized autonomous organization (DAO) that is building a platform for fractional real estate investing. The platform allows users to buy and sell fractional shares of real estate properties. This makes it possible for people to invest in real estate even if they don't have a lot of money. (Pre-seed, US)
Devo is a UK-based delivery service that offers same-day grocery delivery from local shops, including food, drinks, alcohol, and cigarettes. The service is praised for its speed and convenience, with customers able to track their orders in real-time. (Pre-seed, UK)
Munchi is a marketplace built for local restaurants, offering an all-in-one ordering and marketing system that includes table ordering, outsourced delivery, and marketing tools. Unlike other platforms, Munchi charges a fixed monthly subscription fee instead of commissions, aiming to support independent restaurant owners and ensure they profit from their hard work. (Pre-seed, Finland)
Needle is an AI-powered marketing co-pilot, assistant, and advisor for eCommerce brands. It provides insights and recommendations to help businesses grow effectively. (Pre-seed, Singapore)
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Startup Spotlight: Elbo AI Revolutionizes Animation with Generative AI
Elbo AI is transforming the animation industry with their innovative generative AI platform. Their mission is to make animation creation easy and accessible by leveraging cutting-edge AI technology. By addressing the challenges of expensive and time-consuming animation production, Elbo AI enables anyone to create high-quality animated content with realistic human motion and facial expressions. Their platform collects and curates private data to continuously improve their AI models, providing a competitive advantage in the market.
Led by a dynamic team of co-founders with expertise in software engineering and AI, Elbo AI is poised to disrupt the animation industry. Their product roadmap includes features like real-time streaming, face animation enhancements, and customizable character creation. With a freemium business model and long-term vision of becoming a transaction-based business, Elbo AI aims to democratize animation and empower users to be part of the movies they watch. Through strategic partnerships and a focus on data capital, Elbo AI has built a strong foundation for success.
Kindly refer to the previous set of articles I've written about how we conduct due diligence on startups.
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