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Earlier this month, the world skilled what CNBC known as the “largest IT outage in historical past.”
The trigger was a software program glitch with cyber-security firm CrowdStrike. The affect was fast and far-reaching. Air journey got here to a halt. Companies couldn’t promote their items.
Even scarier, the 911 programs we depend on to deal with emergencies failed.
The glitch has now been mounted, and most enterprise and emergency providers are again to regular.
However this outage acquired me pondering: What if the 911 system went down not for a day or two… however for weeks… or indefinitely? Who would shield us? Who would you name for assist?
The reply could shock you. Even higher, it might probably lead you to earnings of 500%.
We Don’t Really feel Secure Anymore
A technology in the past, my dad and mom would say one easy factor once I left the home: “Keep secure.”
However at this time, I really feel much less secure than ever. And I’m not alone. In keeping with a 2023 Gallup ballot, personal-safety fears are at a three-decade excessive.
The Gallup ballot discovered that forty p.c of Individuals don’t really feel secure strolling alone at night time — folks like Rachel, as an example. Rachel is twenty-four and works in an enormous metropolis. Each night time, she leaves her workplace and walks dwelling via metropolis streets. She’s on edge the entire time.
Or how about Wendy? Wendy lives alone, and has a repairman coming to repair her air conditioner. She’ll be alone with this stranger in her dwelling, and has nowhere to show if issues get bizarre.
Then there’s Steve and Elaine, who’re nervous about their two younger youngsters taking their first airplane journey alone.
These conditions won’t justify a name to 911. However they actually trigger nervousness and worry.
That’s why the marketplace for personal safety is quickly anticipated to achieve $438 billion — and that’s why an organization known as Bond was launched.
Introducing: Bond
Bond is the primary and solely startup providing preventative private safety.
Consider it as your personal-security companion.
By means of Bond’s cell app, you’ll be able to faucet a button to attach with a educated safety agent. They’ll keep involved with you and maintain you calm. Helping them is a expertise platform powered by Synthetic Intelligence. Notable options embrace location monitoring, fast activation of brokers or first responders, and menace detection.
Bond affords greater than a dozen security-related providers. And it’s already utilized in greater than two dozen nations. Let’s see how atypical folks like us might use it.
How Bond Can Assist
Let’s revisit the three eventualities talked about earlier:
- With Bond, Rachel might have a digital agent maintain her firm throughout her stroll dwelling, and monitor her progress to make sure she arrives safely.
- A Bond agent can keep on the road with Wendy whereas the repairman is in her dwelling, and alert first-responders in case of an emergency.
- Steve and Elaine can use Bond’s providers to make sure, in real-time, that their children are okay.
Location providers and emergency-responder requests are free on Bond’s app. Paid premium providers embrace use of the corporate’s reside brokers, real-time monitoring, video-monitoring, and requests for a automotive pick-up or roadside help.
Notable Progress
Bond’s service is already resonating with customers.
Final yr, the corporate generated greater than seven million {dollars} in income. Its notable clients embrace a top-three smartphone vendor, a top-three credit-card firm, and a number of cities and universities.
Its app has a 4.8-star score from greater than 1,000 evaluations.
Moreover, Bond has already raised thousands and thousands of {dollars} from skilled buyers. And its advisory group is stacked with main figures together with a former Director of the U.S. Secret Service, a former Deputy Director of the FBI, and a former NYPD Police Commissioner.
Stated Mark Sullivan, the previous head of the Secret Service, “Bond is a revolutionary private safety resolution.”
However is it price investing in?
Execs and Cons of an Funding
So far as “professionals,” we touched on Bond’s early and spectacular progress.
Moreover, its management group has a powerful observe file. Founder & CEO Doron Kempel bought his earlier two tech corporations for a mixed $900 million, together with an IT enterprise that was acquired for $650 million, practically 7x its gross sales the yr earlier than.
If Bond finally reached simply fifty million {dollars} in gross sales and was acquired at an identical a number of, that might be a $350 million acquisition. At that degree, at this time’s buyers could be sitting on good points of 500%.
In fact, there are “cons” with each alternative, together with this one.
For instance, calling 911 is free. Bond’s various can be engaging — however because it comes with an actual financial value, it’s not going to be an actual possibility for everybody.
Lastly, it is a capital-intensive enterprise. Bond is basically working a private-police drive. If it could actually’t develop by utilizing its personal earnings, or if it has hassle elevating funds, its enterprise might stall.
These “cons” assist clarify why I’m not recommending that you just rush out and spend money on Bond. Take your time and do your analysis.
However should you’re intrigued about Bond’s method to private safety — and its potential to ship vital earnings to its buyers — this funding could also be price a glance.
Please word: Crowdability has no relationship with any of the startups or funding platforms we write about. We’re an unbiased supplier of schooling and analysis on startups and various investments.
Greatest Regards,
Editor
Crowdability.com
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