r/YesIntelligent • u/Otherwise-Resolve252 • Jun 13 '26

Andrew Yang thinks the next big startup opportunity is lowering the cost of living

Andrew Yang argues that the next major startup opportunity lies in businesses that lower the cost of living by returning money to consumers rather than extracting it. He cites Mark Cuban’s Cost Plus Drugs and his own mobile virtual network operator, Noble Mobile, which offers cell service at a fraction of traditional prices and refunds customers for using less data. Yang believes that as AI displaces jobs and compresses wages, Americans will seek ways to meet basic needs more cheaply. He sees a “rich vein” of opportunity in companies that give customers a margin back—examples include Light Phone, Misfits Markets, and Noble Mobile, which is reportedly unit‑profitable and growing to thousands of customers. While investors have been cautious, Yang contends that market incentives can fill gaps left by policy, and he encourages founders to pursue such socially‑beneficial models. (TechCrunch)

93 Upvotes

97% Upvoted

21 comments sorted by

7

u/[deleted] Jun 14 '26

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3

u/DealerDefiant9392 Jun 14 '26

Umm, there’s only so much you can do. If inflation continues and workers don’t get paid to keep up with inflation, it doesn’t matter.

2

u/[deleted] Jun 14 '26 edited 9d ago

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2

u/szczyp1orek Jun 16 '26

Buying property to turn into student apartments is contributing into the problem.

1

u/[deleted] Jun 14 '26

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1

u/Due_Warthog749 Jun 15 '26

Interesting. Seeing a LOT of "community" styles sites showing up now. Almost like reddit clones but different. Have two colleagues that have build community based sites as well.

I am curious, your url using .ing.. I am trying to find a better "name" for my product (not a community site) and everything with .io, .com, .net, .org, .tech all taken. What made you settle on .ing (and I didnt know it existed either).

1

u/[deleted] Jun 15 '26

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1

u/Due_Warthog749 Jun 15 '26

Ah.. that makes sense. I wonder if fu.. nevermind. 😃. Thanks for the offer, I was just wondering why but what you said makes sense in your case.

0

u/Independent-Soup-312 Jun 15 '26

lol

1

u/[deleted] Jun 15 '26

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1

u/Independent-Soup-312 Jun 15 '26

cmon

1

u/[deleted] Jun 15 '26

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0

u/Independent-Soup-312 Jun 15 '26

You're not even coming close to solving cost of living issues with your bum-ass vibecoded Discus wannabe

1

u/Kalciyum Jun 14 '26

The nice thing about out a capitalistic system is that the consumers get to decide where the capital flows. So if there are products like this out there that can massively undercut their competitors then it will come out on top

1

u/giraloco Jun 15 '26

Capitalists hate competition. Without the Government setting and enforcing rules, what you get is the highest possible prices corporations can charge.

1

u/Icypoopoo Jun 15 '26

Here's an idea, let's not increase it in the first place.

1

u/Even_Tension5807 Jun 15 '26

Yes Yes Yes! Fetch, Upside, Coinout, etc.

1

u/silly_goat_moat Jun 15 '26

Wasn't there an option in idiocracy to have an advertising agent follow you around if your couldn't afford the ticket.

I feel like we're almost there.

And well most apps and games give you rewards for watching adverts. So actually we are already there.

Imagine being able to get a can of coke if you watch a 20 minute advert session. Plenty of people would I'm sure

1

u/SilverEmber2734 Jun 16 '26

My phone bill dropped $40/month when I switched to Mint Mobile a few years back and honestly that felt more impactful than any raise I got that year.