About 90% of startups fail. But despite that sober statistic are the wildly successful entrepreneurs. Whether because they have an idea whose time has come; or they have shrewd leadership that knows how to survive the rocky first years of a startup, or both, there are startups that are surviving and thriving. Perhaps inspired by Uber Technologies Inc.’s success, transportation apps lead the pack of 2016’s hottest startups. Here’s a snapshot.

Chariot  Public transit systems create routes for riders, but Chariot, owned by Chariot Transit Inc., lets users create the routes. If enough Chariot app users are in one place where buses do not go, Chariot’s will send one of its 14-seater vans to pick them up for as little as $3 per ride. The San Francisco-based company counts Major League Startup Ventures among its investors.

Bicycle Capital  Transportation apps continue to dominate the startup scene, but this Colombia-based startup has something different, with on-demand electric bicycles to help users count calories and reduce their carbon footprint. Bicycle Capital enthusiasts in the company’s two locations, Bogota, Colombia and Tallahassee, Florida, have ridden shared electric bikes close to 900,000 miles.

23andMe   This Google-funded startup helps average people find out everything from their ancestry to their propensity for health conditions, such as cystic fibrosis. 23andMe users can request DNA kits from the company, submit their DNA for testing and review the results in their secure and encrypted accounts on the website. Co-founder Anne Wojcicki, former wife of Google chief Sergey Brin, serves as the company’s CEO.

Gigster Inc.  This startup is not just another freelancing platform. Gigster connects programmers with the businesses that need their services. The platform then recommends code that freelancers can use to complete the projects, such as a website or app, saving the programmer the headache of writing new code for every project. The startup’s contributors include Hollywood tech enthusiast Ashton Kutcher.

Source: INVESTOPEDIA
Published Date: Friday, July 29, 2016