There are startups, and there are startups. Venture capitalists, particularly in Silicon Valley, want to identify startups of the rarest kind. Not those seeking a quick exit or cloning another business, but startups with a shot of becoming the next Facebook, Apple or Google.
A common trait among many of these startup ideas is how audacious, stupid or crazy they sound. They're trying to create a market where none existed. Instead of taking competitors head on, they're sidestepping them altogether by doing something entirely different.
Of course, it's a thin line between ideas that are straight up bonkers and ideas that sound nuts, but actually have legs. Here's a rundown of five startups that had those legs firmly planted on the ground. Read more...
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