What Works for Startups Like Yours?

Gift Starter is a consumer crowdfunding platform that allows people to break down expensive online purchases into affordable chunks that friends and family can co-purchase as gifts. Founded by Aerie Ewen in July 2014 after winning a hackathon, the company pivoted from a B2B e-commerce plugin model to a consumer-facing payments platform, raising $525,000 in angel capital and achieving $12K revenue in 2015 with plans to reach $50K in 2016.

Rent Nest was an app that allowed users to collect, organize, and share rental property information from websites like Craigslist, PadMapper, and Zillow. The startup grew to $12k/month in revenue over 2 years but spent $40k-$50k/month, eventually running out of funds and shutting down. The failure was driven by a poor business model (low commission-based revenue), lack of marketing focus, internal partnership conflicts, and inability to achieve profitability despite having product-market validation.

First customers: Guerilla marketing and networks - had 250 interested users at launch