In late January, Chris Markl, a former Florida State College economics professor, walked into an entrepreneurial event at the University of North Florida where all interested professionals were welcome to pitch business ideas and hear feedback from their peers.
He pitched his plan, the people voted, and his business idea placed in the top three out of over 40 original pitches.
He got what he came for—confirmation that his idea, ReStartUp, really did have the potential he imagined it to have.
Now Markl’s idea will be making its global debut at One Spark 2014, where he is registered as a creator seeking $50,000 toward building awareness and demand for his startup business.
AnyInc, the new name of ReStartUp, is an online platform for failing startups that have enough potential to be taken over by a new owner.
“I wanted to create a marketplace for what was originally called failed businesses, but now we’re not going to call it that,” Markl said. “We want to redefine what success is to the entrepreneur.”
The failure rate in startups is 80 to 95 percent. Markl and his team aim to corner that market and provide interested entrepreneurs with a jump in the competition.
In essence, AnyInc will be a digital space for entrepreneurs to hand off their struggling business to someone who has the resources and passion to continue it. The entrepreneur will post the failing startup on the website for a flat fee, and then searching entrepreneurs can bid on it.
Think of it as a matchmaking or dating site, but for struggling businesses.
When a bidder gets chosen, stakes are discussed and a deal is set. Ultimately, the goal is to make it in the entrepreneur’s best interest to mentor the bidder through the process of taking on the business.
If the new owner succeeds, then the old owner will benefit, too. If all goes as planned, the value created by the original entrepreneur will be enhanced, not lost.
“We’re really focused on creating … More