Founder's Compass: Week 6

Hello there and welcome to Founder's Compass, a good way to get oriented around the labyrinthian world of startups.

Tool of the week

Firebase without the costs and closeness of Google's ecosystem? You got it!

Open source alternative to Firebase so you can deploy without worrying about the future. This should be your go-to if you value your wallet!

Video of the week

User experience is slowly taking over as a priority in product development (if it wasn't one already!) Let's take a look at how a Pro redesigns some of the most popular websites in the world?

A lot to learn from Hyperplexed's approach, but the thought process and how he makes decisions is one of the key highlights.

Startup Idea of the week

Photo by Mika Baumeister on Unsplash

Cross-country government contracts bidding platform

𝗣𝗿𝗼𝗯𝗹𝗲𝗺:

Government needs private companies to execute public contracts. However, access to bidding on these public contracts is limited (either through making the procedure very complicated or by not advertising it properly). This usually leads to poor execution of public contracts and a huge waste of money.

𝗧𝗮𝗿𝗴𝗲𝘁:

Construction companies, IT Agencies, other service providers. 🛠

𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻:

A website consisting of all the government contracts available in your country (and internationally for that matter) where information is distilled and the bidding procedure and application is clearly explained so that any company could apply to bid.

𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀:

✅ Better execution on public projects and use of government funds.

✅ Greater competition on contracts, driving the price down.

✅ Easier to track which companies have taken on public projects and making sure there is no bribe involved.

𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀:

❌ Monetization (This would have to be paid by the private companies, the government doesn't seem too interested in this. But would that be enough to cover the effort?)

❌ Lack of trust (At first, the platform will not be trust-worthy enough, use-cases might help with that)

❌ Support (It sounds more like a service business, having to update the database and procedure all the time. Could AI help productivize this?)

What would you do differently to get this startup off the ground? Do you think this would work? Let's talk in the comments 🤔

Some news as well

• Product Manager role: A mistake?

• The new Risc-V. Are you ready for it?

• What are Google's most lucrative search queries?

• What causes fainting?

That's it for this week's edition. Stick close for the next one.

Pssst... Are you looking to generate awesome ideas like the one above? You can work with us and create a hackathon for your team: https://creativemotion.io/creative-labs/

If you already have an awesome idea and an awesome team to boot, don't shy away and apply to our accelerator:

https://reaktorx.com/

(next batch is happening soon!)