Elevator Pitch is a regular feature on Lifehacker where we profile startups and new companies and pick their brains for entrepreneurial advice. This week, we're talking with Tara Averill from Splitsville.
In 128 words or less, explain your business idea.
If you've never experienced an emotional break-up, maybe you've never dated, and half of us will experience divorce at least once in our lives. Experiences like these deserve their own life transition platform. In the same way we prepare for marriage, babies and graduations, we help you not only prepare for the split, but hopefully enable you to avoid one as well. Splitsville is bringing all the content, community, support, goods and services around this life event into one very well-designed commercial platform.
What strategies are you using to grow and finance your idea?
We have developed and are iterating a very specific product roadmap and strategy that will enable a multi-generational and multi-cultural users to consider Splitsville their trusted life event community. Investors on the other hand get to see that this is a very long life platform with years of stickiness per customer if we are delivering the community and content those in 'Splitsville' need. Truth be told, I was in Splitsville two years before the actual end of my marriage. I needed Google to spit out Splitsville as a result when I typed in "Am I a bad person for wanting to leave my marriage? Are my kids going to be destroyed? " 'Where do I buy or find X"
What's the biggest challenge facing your business?
I think that might have just been solved with my new relationship with BlueChilli but I would say that its convincing investors that this platform and community deserve their own vertical instead of being acquired/merged into a larger lifestyle brand.
How do you differentiate your business from your competitors?
Bottom line: Our tone and attitude about this life transition. We perceive a difficult moment as a gateway to your moment of personal success. We promote change and embrace the end as the beginning! As our tagline says "It's over. You're not."
What's the best piece of business advice you've ever received?
Fail fast and cheap, but surround yourself with people who are capable, passionate and share the same vision without the fear of bouncing back -- kinda like what Splitsville's community is all about.
Want to see your startup featured in Elevator Pitch? Get in touch using our contact form.