Startup Idea – Egg Drop Soup in a Can
Over Thanksgiving, my father-in-law converted me into a Progresso soup lover. I’ve tried all the soup varieties. However, one of my favorite soups to get in the restaurant is not available in the Progresso soup lineup. There is no egg drop soup in a can at the grocery store.
So let the entrepreneur math begin (no internet required):
- People eat a lot of soup
- Chinese restaurants are popular, and egg drop soup is served there
- China is the most populous country; big market
- People love to buy soup in a can
This is a slam dunk opportunity.
There are no signs of competition. Publix and Kroger do not carry egg drop soup in a can. This is smooth sailing to a multi-billion dollar business.
To be extra careful before investing in this opportunity, we’ve done extensive market research. Specifically, we’ve analyzed every link on the first 3 pages of Google results for “egg drop soup in a can.” No egg drop soup in a can is available on the internet. The closest thing is dried egg drop soup packets that require adding water. Our competitive advantage will be the more natural, non-dehydrated egg drop soup in a can.
I’ve lived in the future as Paul Graham instructs, and the future is egg drop soup in a can.
I’ve pegged the pre-money valuation at $100 million and am looking to raised a mere $5 million for a generous 5% equity ownership of this rocket ship. Will you invest in my egg drop soup in a can business?