Y Combinator Demo Day 2 is the most complete inventory: 48 items of tyrants, who is the entrepreneurial trend? (under)

Lei Feng.net Editor's note: Y Combinator (the famous American business incubator, YC for short) entered the Demo Day's second day this summer, and 48 new ventures made their debut on this world's most prestigious stage. Demo Day 2 mainly involves B2B, biotechnology, business, education technology and financial technology, and some companies have come up with products such as nanotechnology analyzers and delivery robots.

Alan Kay said, “The best way to predict the future is to create the future.” As we see in this article, a new group of YC companies are showing up. Perhaps everyone is also a witness to the technology era.

Lei Feng network (search "Lei Feng network" public number attention) for the readers of the show Demo Day 2 Pa Ping 48 new start-up companies, please click on the "Y Combinator Demo Day 2 most complete inventory: Pa Ping 48 projects , Who is the entrepreneurial trend? (Top) Reading. This article is the next one, mainly covering education technology, financial technology and other fields. We are grateful for the cooperation between Lao Lu IO, Guan Ze and Yi Hyun.

Most people will receive different degrees of education for most of their growth. How can teachers be relieved and parents rest assured to make students happy? The following projects that focus on education can also give us a lot of inspiration.

Quero Education - recruit students for university

Quero Education is a start-up company for educational technology. Its main task is to solve the problem of enrolling students at Brazilian universities. This situation is indeed paradoxical. It must be remembered that the universities in other countries are concerned about the lack of faculty and the lack of dormitory accommodation, while Brazilian universities do not recruit enough students. The platform collects educational information from one third of the country's universities and can provide students with up to 12% discount on tuition ($3,000 per year). The company’s revenue last year reached 7 million U.S. dollars, and its annual growth rate is even as high as 500% of terror.

Emote - Student Behavior Analysis

The student's performance is a product of hard work, and healthy growth is also essential. In the United States, 300,000 students are driven out of the classroom each day because of naughtiness. How to help teachers understand and change the way they communicate with each other becomes a top priority.

Emote can analyze student behavior, hoping that before the school starts, the teacher will be able to know every student. At the end of September this year, Emote will have a foothold in 33 schools, and the number will expand to 135 in January next year, which means that Emote's revenue potential can reach $1.3 million.

Vidcode - "Mom no longer afraid I do not love to learn computer"

 

CodeAcademy's online services have been around for many years, and Vidcode is not the way to go. Their main target audience is school students. Previously, Vidcode launched a new project with United Snapchat, allowing students to create their own filters.

At the same time, students can use the Java language to create their own Pokemon and emoticons. Right now, the company is actively approaching some universities in New York to discuss providing training courses. Since its inception, Vidcode has had a 40% monthly growth rate. Its commissions come from schools, and each student pays $50.

RocketLit - Adaptive Learning Platform

66% of eighth-grade students in the United States did not meet the reading standards. In other words, they cannot learn well through reading, which leads to backward academic performance. RocketLit rewrites textbooks in accordance with the seven reading stages so that children have the right textbooks to read.

In the pilot project, 90% of students with poor grades passed the science exam, and each student's reading level improved by two grades within one year. RocketLit's pilot project earned $1 million, and the company hopes to subvert the $14 billion textbook market. Since the Internet is designed for users to adapt, why can't education?

Jumpcut - learning is like watching a movie

Last year, LinkedIn acquired Lynda.com, an online learning platform, for $1.5 billion. Online education has grown into a huge market. However, Jumpcut CEO Kong Pham stated that the completion rate and retention of online courses are very low, and the reason for this phenomenon is that these courses are too boring. He hopes to build Jumpcut into a company that has "Spelberg-like" online courses.

Jumpcut started with courses that included learning how to socialize on social networks and become better professional social videos. Jumpcut’s monthly subscription fee is $17, and current monthly revenue is $85,000. The problems that Jumpcut is trying to solve are extremely challenging. It is very difficult to make movie-like videos in computer science and mathematics. However, Kong Pham and his team hope to overcome this difficulty.

OOHLALA: University-Oriented Mobile Operating System

Whether it is newsletters or the purchase of school resources, it is not a simple matter to track down everything that happens on campus. OOHLALA hopes to provide students with a complete resource that includes all of these tools. According to Daniel Jameel, CEO of OOHLALA, it is “a mobile operating system for universities”.

This may sound abstract, but there are already universities starting to use: OOHLALA's annual recurring revenue is about 1.5 million US dollars, and the scale has tripled compared to the same period last year. The cost of OOHLALA is US$50,000 per year for each school and the market size is US$3 billion (60,000 schools). Currently OOHLALA has 150 paying university customers in 7 countries.

Money, money, and financial technology are always inextricably linked to money. For Xiaobian who has no mathematical talent, these projects that can help users better deal with financial issues are simply models of self-delusion. From paying to investing, from credit to loan, you can't think of nothing, you can't do it.

Instrumentl - Applying for Research Grants So Easy

For scientists, the process of applying for research grants is simply a little goblins who are more willing to spend time on research than to get a variety of formats and materials. Now that things have turned a corner, Instrumentl has set up special entrances for universities and research institutes. It costs only $35 a month to access federal, state, and corporate rewards databases.

Of course, Instrumentl itself does not have a database. It only uses machine learning algorithms to identify and facilitate the granting of related allowances. Scientists can use this platform to easily complete their project descriptions, and follow-up work will not need to worry about. Harvard and Yale University are already users of the platform, and their annual fixed income has reached 200,000 US dollars.

Fellow - an API for working capital

For business people, sufficient liquidity is a source of life alongside Wi-Fi. At the end of each month, bosses need to rely on these funds to pay wages and pay suppliers. Fellow is an API created specifically for companies that can reduce friction in the company's financing process. This API can automatically complete the relevant information.

Within three weeks, Fellow successfully pulled three customers and secured $120,000 in funding for them. Before Fellow appeared, it was almost unimaginable. Traditional companies can barely survive by relying on adequate cash flow or protracted struggles with the banking sector.

CoinTent - Ads blocked? Lose your losses

Internet publishers lost $22 million in advertising blocking software last year. Twenty-two percent of U.S. users installed ad blocking software, and their number of users grew by 50% annually. CoinTent can help internet publishers detect whether users have installed ad-blocking software, denying them direct access or requiring users to pay $1 to access ad-free versions of services. CoinTent can help customers recover 25% of the losses and collect 30% of the recovered losses as a commission.

CoinTent's vision is to create a cross-browser subscription service for ad-free browsing. With the rapid growth of advertising shielding software users, Internet publishers need a solution, and CoinTent meets this need.

Flutterwave - Payment Processing Tornado in Africa

In Africa, payment processing is a disorganized business. The entire continent of Africa is "male-to-horse". There are 276 purse products, 500 banks and 7 credit card networks. Flutterwave's goal is to provide an API for payment processing to better monitor the market and increase payment efficiency.

In the past three months, the company has handled more than US$20 million in payment. They will receive 0.3% of the payment amount as a commission. Right now, Flutterwave's services have landed in Nigeria and Ghana, and by the end of this year it will have expanded to nine other African countries.

Selfycart - Mobile Application for Automatic Checkout

Checkout is the most complicated part of the shopping experience. The automatic checkout counter can be very cumbersome, and other options can only be to hire people to handle this process - there is no other way. Selfyart was released to add a third option: checking out with mobile phones. It is actually an APP. Users can scan the product and pay through the APP.

Selfycart charges retailers 2% each time they checkout, so retailers do not have to pay for a large checkout operating system. The retailer only needs one sales assistant to verify the purchase order and no longer needs the counter. Selfycart customers can use Apple Pay, credit cards and Paypal to complete their orders.

Eventgeek - A powerful tool to track activity ROI

Almost all companies will organize events more or less. Whether it is to increase employee retention or attract new customers, organizing events is a huge expense for the company. And the effect of hosting events is not always obvious because there is no powerful tool on the market to manage the direct effects of these activities. And that's exactly what Eventgeek has to do.

Eventgeek accesses multiple channels such as Salesforce and Twitter to track new fans or sales. Customers using Eventgeek need to pay $10,000 each year and the market size reaches $2.5 billion. Eventgeek’s month-on-month growth rate was 48%.

Legalist: Algorithmic Litigation Financing

Investors now have a new asset class to choose from, and they also involve litigation. Investors can help with litigation costs in exchange for some of the benefits of successful lawsuits. Eva Sheng, CEO of Legalist, said that this year's market has reached $3 billion. This is also the market that Legalist, a startup company for risk assessment algorithms, will enter.

Legalist collected litigation data from 1989 to clarify the risks and duration of a lawsuit and obtained 58 variables related to litigation benefits. Legalist has already invested $7,500 in a lawsuit and is expected to receive $1 million in revenue.

SmartPath - Financial Advisor for the Public

When the world’s richest 15% have both traditional financial advisors and robotic financial advisors, 100 million ordinary American families have not provided services for them. SmartPath helps families track costs, complete online training and receive rewards. Now they can earn gift cards by managing their money smarter, but SmartPath eventually hopes to get a lower interest rate for their loans. Although this sounds boring, 67% of users continue to use it, and the company is growing at a rate of 30% every month.

SmartPath charges employers $1-5 per month per employee. The goal is to use them because the company has spent 800 million U.S. dollars on financial health, which makes employees more stable and efficient.

Lendsnap - Loan Auto Loan Instruments

Applying for a loan needs to process up to 500 pages of documents, so that 80% of people accept the first borrower they find, so they have not been able to get the best price. Lendsnap assists in editing 30 different documents, from bank instructions to W2 documents, from loan buyers’ online accounts.

The company charges $100 for each loan and is chasing a $1.8 billion opportunity. Ultimately, the company hopes to pre-edit people's documents to create a lending market. Loans are scarce enough, and Lendsnap can at least make the loan easier.

OneChronos: The Next Generation Financial Exchange

Stock trading has become an arms race, and companies are scrambling to create the fastest and smartest algorithm. OneChronos hopes to reduce this arms race through a more reasonable trading system. OneChronos will synchronize atomic clocks to eliminate the need to compete in the same network, creating tools to help traders trade more hands at a reasonable price.

In addition, OneChronos allows customers to run code directly on the exchange to reduce the financial company's costs. OneChronos CEO Kelly Littlepage said that he has signed potential customers (potential revenue of $7 million). However, OneChronos will need to overcome some difficulties in launching next year, including submitting documents to the US Securities Regulatory Commission. But if all goes well, OneChronos will be the next generation of Nasdaq.

Nova Credit - Global Credit Report

The most important part of economic health is the ability to use credit and debt to buy. But for American immigrants, they may not be able to obtain credit simply because they have no credit history in the United States. Nova Credit tried to build a bridge between the credit history of immigrants abroad and creditors in the United States, allowing them to obtain a set of data to determine whether to give credit.

When renting and borrowing, those data are equally important. Company CEO Misha Esipov stated that each time the credit is retrieved, it will cost the creditor $30, while the United States has 10 million immigrants, which is already a multi-billion dollar market. In the next two months, the company will connect companies in India, Canada, and Germany and expect to cover 90% of US immigrants within one year.

YC also has some unexpected brain projects, such as:

Livement - stadium tickets and rentals

In Latin America, the ticketing process is even more troublesome than Ticketmaster and other ticketing services. In fact, customers sometimes even have to go to the store to collect paper tickets booked through Ticketmaster, said Livement CEO Roberto Novelo. Livement hopes to solve this problem by allowing people not only to buy tickets online, but also to rent venues through the APP.

The company charged 7% in transaction fees and 25 cents for bookings, and Novelo said the company achieved a total of $500,000 in ticket sales within a month. At present, the company has signed agreements with 6 teams and began to break existing pain points in Latin America.

Amberbox: Safety Sensor Detecting Gun Fire

James Popper, founder of Amberbox, said guns can be found everywhere in the United States, but there are also many opportunities for this. The goal of Amberbox is not only to detect firing, but also to trace the shooter by firing. The size of the existing market alone reached $26 billion. It is worth mentioning that Amberbox adopts a subscription model.

Amberbox's devices form a network that can quickly notify authorities and managers and help them block the entire campus. The monthly subscription fee for these devices is $50, and the monthly usage fee for a three-story building is $1,250. After 3 months of use, Amberbox can recoup equipment costs.

Track Technologies - Nanoparticle Well Analysis

GTrack injects nanoparticles into the fracturing well and detects the return of the material. The team can then quantify the uptake of oil and gas. This makes oil and gas companies more aware of when and where to drill. In one case, a company spent 20,000 U.S. dollars on GTrack and then found that it was unnecessary to perform a cleanup operation that cost 500,000 U.S. dollars.

The GTrack team spent seven years researching nanomaterials and has three patents. The oil and gas company spends US$12.5 billion annually on production analysis. Next, GTrack wants to enter more industries, such as geothermal, mining and groundwater maintenance, and power plant operations. As long as there is liquid to track, GTrack nanoparticles can show what is happening under the ground.

ApolloShield - The "predator" of restless drones

In addition to using "God's perspective" to take us to bird's-eye view of the world, drones have also made a lot of misfortunes. Statistics show that as many as a thousand safety incidents involving drones are involved each year. The lawbreakers use it to transport contraband. Sometimes drones also interfere with civil aviation flights, seriously threatening the safety of passengers. Therefore, ApolloShield introduced a device that can control the loss of uncontrolled drones, which can help the UAV land safely. The company said that this device has been favored by law enforcement agencies and they are willing to pay $30,000 a year in equipment rental.

Whyd - voice-activated sound

Music-related technologies are now highly segmented. We use Spotify to play, store it on a cell phone and a computer, use Bluetooth to communicate, and use Alexia to talk. And companies like Sonos have already pushed audio technology into the streaming media era. Whyt's goal is to further integrate the player and voice control. At the moment, Whyt has partnered with mainstream audio product manufacturers such as JBL and Harman Kardon, and this week they sold a $50,000 audio system.

Robby: Unmanned Delivery Robot

In the United States, 12 billion takeaways and courier parcels are needed each year for delivery, but ordering companies and department store industries are increasingly struggling with high labor costs. Robby manufactures a drone-delivery robot that can automatically navigate to the user's doorstep. Robby can reduce delivery costs from $5 to $10 to $1-2. Currently, the Robby robot has sent 50 shipments and is ready for trial operation at Instacart. If Robby can reduce delivery costs, it can take huge business opportunities from the on-demand economy.

Validere: Handheld Industrial Test Equipment

Oil, gas, and chemical companies must send samples to inefficient, expensive laboratories to test their materials. Handheld devices manufactured by Validere can deliver results more quickly and cheaply without the need for professional training. Tests using Validere's equipment cost $50 each, which is one-fifth that of a laboratory.

Validere can do this by combining public databases of liquid properties indicators, computer vision algorithms, and compound properties. During the trial period, the project has already earned $750,000, and its target market size has reached $22 billion. Validere's team members are composed of Ph.D. students from famous universities such as Harvard. They do this not only to reduce testing costs, but also to reduce testing difficulty.

The above is all the project introduction of Demo Day2. Perhaps these start-up projects do not mean that they must be the next google, but they are likely to become the "first" to bring great convenience to our lives - at least how old they are and how big they will be in the future.

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