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This Week in Startups

Startup pitch competition: Jason invests $25K | E1819

Sep 29, 2023
01:21:19
Snipd AI
In this episode, the hosts kick off a startup pitch competition. They discuss the advantages of teams over solo founders and the importance of crafting a good pitch. They then listen to pitches from Newcomer Games, a startup providing a language immersion video game, and Scrumly, a startup merging Duolingo and Nintendo. They explore scalability, building a large business quickly, and improving presentation skills. The episode also covers selling unused property, offers startup advice, and evaluates the pitches and investment strategies.
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Podcast summary created with Snipd AI

Quick takeaways

  • Fitted is a social shopping platform that allows users to discover, buy, and share outfits, aiming to reach 100,000 users and 50 million GMV to achieve $10 million in revenue.
  • Scrumly is an AI planning coach that helps teams maximize their performance by providing interactive planning features and real-time insights, aiming to reach 10 million ARR by capturing 0.5% of the market and $100 million with 5% market share.

Deep dives

Fitted: A Social Shopping Platform for Gen Z

Fitted is a social shopping platform designed for Gen Z. It allows users to discover, buy, and share outfits. With a library of outfits and an AI stylist named Fiona, users can create virtual lookbooks based on different occasions, weather, and days. The alpha version of Fitted has attracted over 1300 users who have shared thousands of outfits. The platform's unique combination of social validation and native checkout experience sets it apart from competitors. Fitted plans to monetize through a 20% take rate on GMV and a subscription fee for access to advanced features. The company aims to reach 100,000 users and 50 million GMV to achieve $10 million in revenue.

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