Angie’s List, Venmo and Lyft are considered transformational new businesses. Where did the idea for the business come from? If you can’t find this information, speculate.

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Ideas to create new businesses can come from different sources, including everyday problems and difficult situations. For instance, Angie’s List was created by Angie Hicks because she could not find a reliable general contractor in her city.

When it comes to Venmo, the idea to design a new service to make instant payments appeared because one of the creators failed to take his wallet when visiting his friend. As a result, the creators tried to correct all mistakes present in the previous solutions for financial transactions.

As for Lyft, it is possible that its creators had the experience of using taxicabs and wanted to make driver-client collaboration safer and more transparent by letting people share information about themselves.

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Academic.Tips. (2022) 'Angie’s List, Venmo and Lyft are considered transformational new businesses. Where did the idea for the business come from? If you can't find this information, speculate'. 28 January.

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Academic.Tips. (2022, January 28). Angie’s List, Venmo and Lyft are considered transformational new businesses. Where did the idea for the business come from? If you can't find this information, speculate. https://academic.tips/question/angies-list-venmo-and-lyft-are-considered-transformational-new-businesses-where-did-the-idea-for-the-business-come-from-if-you-cant-find-this-information-speculate/

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Academic.Tips. 2022. "Angie’s List, Venmo and Lyft are considered transformational new businesses. Where did the idea for the business come from? If you can't find this information, speculate." January 28, 2022. https://academic.tips/question/angies-list-venmo-and-lyft-are-considered-transformational-new-businesses-where-did-the-idea-for-the-business-come-from-if-you-cant-find-this-information-speculate/.

1. Academic.Tips. "Angie’s List, Venmo and Lyft are considered transformational new businesses. Where did the idea for the business come from? If you can't find this information, speculate." January 28, 2022. https://academic.tips/question/angies-list-venmo-and-lyft-are-considered-transformational-new-businesses-where-did-the-idea-for-the-business-come-from-if-you-cant-find-this-information-speculate/.

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Academic.Tips. "Angie’s List, Venmo and Lyft are considered transformational new businesses. Where did the idea for the business come from? If you can't find this information, speculate." January 28, 2022. https://academic.tips/question/angies-list-venmo-and-lyft-are-considered-transformational-new-businesses-where-did-the-idea-for-the-business-come-from-if-you-cant-find-this-information-speculate/.

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"Angie’s List, Venmo and Lyft are considered transformational new businesses. Where did the idea for the business come from? If you can't find this information, speculate." Academic.Tips, 28 Jan. 2022, academic.tips/question/angies-list-venmo-and-lyft-are-considered-transformational-new-businesses-where-did-the-idea-for-the-business-come-from-if-you-cant-find-this-information-speculate/.

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