Startup Model – Easiest Way to Send Big Files

THE MODEL: An app which lets users transfer big files, free of charge. The app is free, clean, simple and secure.

STARTUP: WeTransfer (Dutch startup)

WHAT I LIKE

Core Idea – An online file transferring platform for users.

Ease of Use – The service is extremely easy to use. Users can send files without registering and in very few steps.

Benefits to Users – The app has a free and a paid model. The free service lets users send files upto 2 GB. The paid model enhances this size limit to 20 GB. Also users can customize the backgrounds and urls and can password protect confidential file transfers.

Freemium Model –  The free model lets users experience the core service. For an enhanced experience, users have to upgrade to the paid plan.

CONCERNS

Competition – There are a lot of data storage and transfer apps. This space is very competitive and differentiating is difficult.

Startup Model – Password Manager & Data Vault for Teams

THE MODEL: A cloud based password manager and data vault with sharing features designed for business teams as well as individuals. Password access can be enabled or disabled to different members of the team. Also data can be stored either through uploading files or creating files within the platform.

STARTUP: Keynto (Austrian startup)

WHAT I LIKE

Core Idea – A password manager and data vault for companies.

Product Features – Password sharing with selected team members. Also creating and uploading data files which can be stored and shared with selected team members. Other features include team management, messaging, data logging etc. making the tool a comprehensive collaborative tool for teams.  Also multiple levels of encryption are used to ensure security of data.

Ease of Use – The platform having a simple user interface is suitable for both, novice users who simply want to securely store their data, and advanced users who are in charge of large IT infrastructures.

Pricing – The startup uses a freemium revenue model. Also the paid plans are very simple and transparent and based on the size of the team using the tool.

CONCERNS

Competition – From being a password manager, the tool has emerged into an end to end collaborative tool for teams, entering a space which is heavily competitive and dominated by some large startups.