The idea is simple. You place a camera in your window. It constantly monitors the parking space situation on your block to see which spaces free up. Drivers pay to have access to this information — hence you get paid for the data that you are passively collecting.
This is what the parking situation looks like on a Tuesday afternoon on Manhattan’s Upper East Side. Where it’s red, you can’t park. Where it’s green, you can.
Here is what the parking lot situation look like on that same plot of land.
The idea was simple —
You see, there is an obscure European Union law which states that passengers on delayed flights originating from Europe can earn up to €600 if their flight is delayed over 3 hours.
Living in New York City, allowed us to take advantage of two of the largest US based International Airport, JFK and Newark.
We used public websites like FlightView, to track incoming flights. If we saw they qualified for the law, we would go to the airport and…
Recurring Revenue is the goal which every company strives for. It is ideal if your offering is organically recurring (i.e. Netflix, gyms, Blue Apron) but for the ones that aren’t, there are a clever ways in which to transform into them.
Uber, for example, is not naturally recurring. You take a ride when you need it. It’s not yet optimized for a daily commute. Therefore, they released a monthly subscription to gain a discount to their entire product line, ranging from free Uber Eats delivery to free JUMP bikes to surge-free rides.
Rent the Runway, now a unicorn, started out…
Queen is starting their residence in Las Vegas at the beginning of September. For a person from LA to see them, they would have to make a weekend out of it. This includes searching and making reservations for hotels, transportation, restaurants, and other peripheral activities. All this effort might seem daunting for a 3 hours show and would most likely turn the person off from going through with it.
However, if there was a concierge service that has all those things figured out for the concert goer, it would make them more likely to book.
The Tesloop Weekend Concierge…
A good song can transport you to another world. An amazing DJ can create an atmosphere where you forget that you’re in a car for 150 minutes with 4 other strangers.
The routes between LA to San Diego, or LA to Palm Springs, or Palm Springs to Las Vegas are always the same. But the way you can put your own spin on them is to have an accompanying playlist which blends the parts that you’re driving through (the visual) with a great playlist (the auditory).
There are different regions of the United States which excel at certain food versus others. Bagels and pizza are notoriously better in New York. In-n-Out burger is limited to the West Coast because of its sourcing limitations and quality control. And lobster is best where it’s caught — New England. However because of advancements in transportation, we are able to bring these local foods to the masses.
For three days, JetBlue flew pizza pies from JFK T5 to LAX…
Demand Side Pricing exists in several industries. We can think of the quintessential examples in airlines and hotels.
Airlines change their prices based on several factors: number of days before takeoff, how quickly the flight is being filled up, popularity of route, day of the week, etc. Here is a chart of an LAX to JFK flight and how much the price fluctuates.
Hotels have the same thing. Their prices change as rooms fill up, in order to maximize income. The reason why it’s maximize income and not revenue is because hotels have fixed expenses. …