Startup investing can be tricky, as over 70% of new companies fail.
But the ones that survive could make you a millionaire in a decade. TikTok parent Bytedance, for example, crossed $100 billion in valuation in 10 years to become one of the most valuable startups of all time.
If you’re looking for startup investment opportunities, examining the industry’s growth prospects is crucial. Recent changes in laws allow everyday investors to invest in top startups on equity crowdfunding platforms like StartEngine and Wefunder. Here are three companies on StartEngine looking to transform their industries:
Internet of Things (IoT): AtomBeam
AtomBeam has already raised over $1.2 million on StartEngine for its data compaction software. AtomBeam’s StartEngine description says it’s “a fundamental, groundbreaking new technology that has the power to transform the fastest growing source of data in the world, the data generated by the machines all around us. AtomBeam’s patented software enables machines to communicate over any network 4x faster and with better security with a simple firmware upgrade, which no other solution can do without massive investments in hardware. “
The company is largely a crowd favorite, having previously raised $2.4 million. Among the startups customers are the United States Air Force, CrowdPoint and Saab. AtomBeam has also announced partnerships with Lockheed Martin Corp, Inmarsat, Intel Corporation and Cribl.
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Film Industry: Legion M
The film industry has been around for centuries in some form or another, with little innovation in decades. But one startup, Legion M, is finding innovation by embracing the very law that allows you to invest in any of these startups.
Legion M is looking to become the “world’s first fan-owned entertainment studio.” While many promising startups hope for a big paycheck from venture capital, Legion M wants to amass a 1 million investor army of everyday people to fund its business.
The reason behind this idea is simple. If they have 1 million investors working towards their success, it will ultimately help their movies and products be more successful. This is much of the idea behind equity crowdfunding in general, but they want to pour gas on the fire and take it to its limits.
Ideally, this will give them a long-term competitive advantage over companies like Walt Disney Co and Netflix Inc because the same consumers that will be watching the movies will be coming up with the ideas and funding them.
Rather than spending millions on advertising, they make movies, TV shows, and other media based on what the crowd wants and then let them watch it once it’s made. They allow the crowd to invest in and help finance movies alongside them sharing in the profits. This means they don’t have to speculate as to what the crowd might want since tens of thousands of investors are providing their feedback. The company has already cleared $2 million on its current funding round on StartEngine.
Read More: Jeff Bezos is Personally Investing Millions Into Startups in This 'Boring' Industry – Here's Why
Plastics Industry: Timeplast
Plastic pollution is a leading cause of carbon emissions and marine contamination and one of the biggest threats to biodiversity and human health. At its current rate, plastic production could account for 10% to 13% of the total greenhouse gas emissions by 2050. Western nations are taking initiatives to slow plastics pollution by encouraging recycling and banning single-use plastics.
Timeplast manufactures techno-organic plastics and assorted products that are carbon neutral and disintegrate naturally in less than three days. The startup’s first-of-a-kind hybrid and hydrosoluble copolymer material have the potential to substitute for conventional plastics, polyvinyl chloride (PVC), fossil-fuel-based metal and glass materials.
Timeplast is poised to disrupt the global alternative packaging market, which was valued at $289 billion as of 2021. Its patented product is certified by ASTM International and approved by the U.S. Food and Drug Administration.
Timeplast has raised over $2 million in its latest crowdfunding round. Timeplast is raising on StartEngine for those looking to stake a claim in the startup.
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