Old Problem + Existing Business Model + New Tech = $$$ - Deepstash

Old Problem + Existing Business Model + New Tech = $$$

Solving an old problem with a new technology or UX layer can be enough to build a multi-billion dollar business.

  • Shopify: Shopify’s founders were searching for a shopping cart solution when they were setting up an eCommerce site for snowboarders. Unable to find one, they decided to scratch their own itch and built a bespoke solution on the then red-hot Ruby on Rails framework. 
  • Braintree Payments: Exchanging money online, without being fleeced by fraudsters, is one of the oldest problems on the web. 

105

1.04K reads

CURATED FROM

IDEAS CURATED BY

kimtrevi

Recruitment consultant

The idea is part of this collection:

7 Books on Habits

Learn more about moneyandinvestments with this collection

How to break bad habits

How habits are formed

The importance of consistency

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates