Hey! I was just looking on the internet for some start-up companies and to get some ideas maybe for the project. Thereby I encountered this website:
It is a really nice example of what we were talking about in the first lecture. That you have to search for a ‘pain’ in your every day life and you try to fix it with starting up a company. These entrepreneurs found it way to expensive to transfer money from one currency to another. Therefore they came up with the idea to link people with eachother, so that they can help eachother out. For instance when I want to pay someone in dollars, I offer Euros and want dollars in return. Then they search someone which wants euros and gives dollars in return. We are linked together and we both don’t have to pay a fee for changing currency. It’s a win win situation, because the customers can transfer money at a lower fee and the company makes a little percentage of the transfered money.
I hope you found this interesting.