The last few decades have been very prosperous for many startups. Many businesses that started from scratch have gained significant market share and transformed themselves from startups into global corporations. While some startups are yet to find their foot, others have achieved remarkable success, raking in billions of dollars in profits. Thanks to the recent stability in global politics and global economy, the year 2017 seems to be looking good for many startups. Without further ado, here are the best startups of 2017 in no particular order:
You will agree with us that it requires exceptional creativity to break into the social media messaging app market. Joya Communications has been able to achieve that with its Marco Polo messaging app. The app which bills itself as a "video walkie talkie" allows users to recapture the magic of playing with walkie-talkies as a kid. Unlike Facebook and Snapchat, Marco Polo offers its users the opportunity to save videos even when they are having running conversations with their friends. The company claims it hopes to help people feel close no matter the distance. The app currently has over 10 million downloads on Google Play Store.
Executives are some of the busiest persons in the world. They hardly have time for themselves, let alone have time for family and friends. Sometimes, most of them get lost in the number of activities they get involved in on a daily basis. Amy Chang, the former head of Google Analytics, understands this problem and aims to solve it through his startup company Accompany. Accompany is a web relationship management app that tags itself “the executive’s personal chief-of-staff." The startup combines the best elements from smart calendar services (like LinkedIn Connected, Sunrise, and Tempo) with the capabilities of Rapportive. Thus, providing executives with the precise information needed to get through their day-to-day engagements.
According to this report, there are about 44.2 million Americans with student loan debts. This isn’t a positive development for Donald Trump. To address this challenge, an HBS graduate Mr. Louis Beryl launched Earnest in March 2014. The company which is headquartered in San Francisco gives out loans to students and workers based on merit. Earnest also help qualified persons to refinance their loans. Unlike the Federal Deposit Insurance Corporation which uses the traditional credit score, Earnest makes use of software and algorithms to evaluate an applicant’s financial profile and make informed decisions. And to ensure credibility, the company uses an online dashboard that gives users tools to control and customize their loan payments. Earnest hopes to reduce the dependence on government for loans drastically by offering low-cost credits to qualified individuals at lower rates to what is obtainable at traditional banks.
Even with the level of orientation on the importance of insurance, many American drivers still resent paying for it. One of the major issues American drivers have with auto insurance is the low level of information available to help them make better risk predictions. Metromile was founded in 2011 with the aim of providing a solution to this issue. The company does this by providing a unique usage-based auto insurance in which the user pays a base rate along with a fixed rate per mile. This pay-per-mile insurance is primarily targeted at low-mileage drivers. Unlike other insurance companies, Metromile does not take a client's driving style or behavior into account when determining rates or discounts. The company also offers a driving app called Pulse device, through which it sources important data about its customers such as their trips and health statuses. The app is available for download on both Android and iOS devices.
Zipline was founded by the trio of Keller Rinaudo, William Hetzler, and Keenan Wyrobek. The tech company hopes to transform the lives of billions of vulnerable persons around the globe. Zipline uses a small robot airplane called Zip to deliver vaccines, medicines, blood and other medical needs to areas around the world that are difficult to reach due to poor terrain or infrastructure deficiencies. Zipline has been active in Rwanda since 2016 and is expected to launch its business operations in Tanzania this year. Interestingly, Zip is faster than any other mode of transport and do not require a pilot.
IN A NUTSHELL
The list above takes into account the distinctiveness and potentials of each of the startups. While some of the startups listed above are already popular, we believe the less popular ones have what it takes to go all out and become the “next big things” in the startup industry this year.