As a college student, your life is full, and it may not seem like the most significant time to turn your idea into a startup. Opening a startup in college may mean you’re pressed for time, but it can have several advantages.
You can access experts, have a whole campus full of potential customers, and funds are surprisingly not that hard to obtain. Facebook and many other top companies began on college campuses. Here are some exciting student startups.
1) The Power of Music (POM)
Vihan Patel and Vladimir Ignatyev are students who co-founded The Power of Music in 2019. This is a dating app for music lovers. It does things differently in a dating app world dominated by swipe-lefts and swipe-rights. It matches users based on their music history and emotional responses. It uses submitted data to curate an end-to-end dating and social experience.
The app has over 17,000 users on its waiting list, and more than 2,000 new people join weekly. It was through event hosting when he was still at university that Patel realized the music people listen to goes beyond artists they like to who they are. The company announced an equity fundraising of 250,000 pounds last year.
2) Verb Energy
College students often fuel themselves on countless cups of coffee, leaving them feeling jittery. A college sophomore at Yale felt there must be a better way to get energy without the jitters.
He started Verb Energy which offers energy bars made with organic green tea. They taste good, only contain 90 calories and give long-lasting energy without the coffee shakes. The gluten-free and vegan ingredients are small enough to stash in a pocket for fuel on the go.
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3) Huk TV
Samuel Lukach (22) was studying at the University of Wisconsin when he wanted to install a T.V. unit in his dorm room without causing any damage. He also wanted to be able to move the television from time to time. He soon realized there wasn’t a simple, safe way to mount a T.V.
He created a T.V. mount himself, and Huk TV Mounts was born. An easy three-step installation method, unlimited mounting options, quality materials, and zero damage or mess makes these T.V. mounts an innovative solution for mounting a T.V. in a dorm room, office, or home.
4) Insomnia Cookies
Insomnia Cookies was an idea Seth Berkowitz came up with as a college student. He began selling delicious, warm cookies to other students, which wasn’t long before demand grew. The company kept adding other recipes and opening new bakeries. Many bakeries today are still located near universities, and there are more than 180 locations in over 30 states.
University students Steve Huffman and Alexis Ohanian wanted to create a social news website where users could rate content. They launched Reddit in 2005. Content topics are organized into subreddits, and members can submit content to the website, which other members then voted up or down. The creators became millionaires and sold the platform to Condé Nast in 2006. Reddit continued to grow; it has been valued at $6 billion.
Students don’t have to be as ambitious as some of the above entrepreneurs but can still develop successful startups that help earn them money and hone their entrepreneurial skills simultaneously. They could decide to launch a writing startup and make money from their language skills, start a website and monetize it or start a YouTube channel with a topic that interests them and make money through promoting products.
Students who launch startups while still at university have the opportunity to develop their business skills. Even if they are unsuccessful, it can be a great learning experience that could lead to future success. Whether they have a concept that they think may change the world or want to make some extra cash, taking that first step can be intimidating, but it is often well worth the risk.