“Covid businesses” that got successful
Siddarth Jain
4 replies
At our team lunch, we were just discussing startup stuff and my cofounder said: “which Covid hyped business really found its foot?” The ones that I know:
1. Orange health - doorstep diagnostics in India
2. Zepto - instant grocery delivery at home
3. Drive for remote work via companies like Deel, Remote.com
The ones that couldn’t:
1. Virtual offices, events — very few made past the wave; even hopin didn’t make it
What categories would you add to either of the lists?
Replies
Derek@derkolstad
4. Zoom
5. Shopify, Gumroad
6. Teachable, Podia, Circle
7. RemoteJobs.com
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@sidphoenix you’re assuming that because his revenue declined, an industry shrank.
My site (remotejobs.com) has exploded in growth and only launched 10 months ago. 📈
The industry as a whole is growing, but market shares could be shifting around.
For Gumroad — revenue has tripled since 2020.
The wave 🌊 of what’s possible online seems to have just moved faster as more and more business discovered and adopted selling more online. 💵
The wave is only getting bigger and moving faster. 🏄♂️
Doctor Droid
@derkolstad true -- I think Shopify and Teachable grew as commerce and education got forced momentum to move digital. Remotejobs did blow up but that wave didn't sustain. (I remember a tweet by OG @levelsio around how his ad revenue on remoteok.com significantly went down last few quarters)
I think Circle was a good mention that I missed as digital communities became super popular (although very few communities take off successfully :) )
Btw, most products sold on gumroad / podia are digital already. do you think there was a correlation between podia / gumroad taking off, and covid?
Doctor Droid
@derkolstad super powerful insight. Bashed my bias. ❤️