Stanford student launches on-demand startup for 'emergency' items like deodor...
Imagine you've come down with a cold while you're away on a trip. You don't necessarily want to buy a box of Kleenex, a full pack of Suda...
Some of you may have seen the announcement from Amazon about bringing "pick-up point" lockers onto select U.S. college campuses. We've received some questions regarding the announcement's impact on Jetpack and we've never been more excited about the potential of our business model! We believe this further validates the need for our product and the market opportunity.
The 3 primary reassuring points of why are:
1. Jetpack is focused on bringing products to people, rather than pushing people to products. This dynamic is critical to our product offering. Whether someone is studying in the library stacks at 2:00 a.m. and needs an energy drink, or is stuck in bed with a painful hangover, there are countless scenarios where direct delivery to the consumer means everything. For us, convenience means placing the solution to a problem directly into our customers' hands.
2. Our product selection is lower priced and sample sized. This allows us to focus on specific moments of need within college student budgets. During the day, if one of our female customers is in need of a tampon, receiving a 24-pack at its associated cost solves one problem, while potentially creating another.
3. From our backpacks to our product offerings, we are focused on the collegiate experience. Whether it's understanding the most stressful times on campus or the types of products needed for specific college events, we understand our consumer.
In short, Jetpack is excited about this news! As mentioned, we believe the announcement further validates the need and market opportunity. If we continue to grow and address market needs, our company can be a crucial asset to large companies and smaller brands alike.
The Jetpack team would like to thank everyone who has invested in our company through this crowdfunding campaign! Because you believe in us, we surpassed our minimum goal of $50,000 in a very short amount of time. That's a major milestone, and it demonstrates the support that exists for this business. We've received great questions, connections and feedback from students and professionals across different regions, industries and professional backgrounds. That is the true beauty behind what Republic is building. Also, there's still time to invest! Please continue to share the campaign with friends and colleagues.
Again, thank you for believing in us. We’re just getting started. Make sure to tune in next Thursday @ 12PM Eastern to check out my live interview with Republic.
Jetpack's pilot program was launched in March 2017 at Stanford University
Established exciting brand partnerships with GoCubes Chewable Coffee, Blowfish for Hangovers, Sambazon Energy, and more
On every college campus, students need certain products right away! During these moments, stores are either too far or closed, or students just don't have the time or energy to travel. Traditional delivery platforms take too long because students and professionals are located in buildings or on campuses not easily accessible by the public.
1. Access to the nearest store is limited by long distances or early closing times
2. Many students on college campuses do not have easy access to public or private transportation. In fact, on many college campuses, freshmen are prohibited from having cars.
By stocking students with the right products, we enable super fast delivery via decentralized distribution. Sellers or "Jetpackers" can make extra cash just by going about their normal, daily activities around campus and fulfilling real-time orders.
Placing an order on Jetpack is super simple. The user simply picks what product he/she needs, and a Jetpacker will be arrive in a matter of minutes. Payment is also a breeze, since customers can store their credit card information on the app.
With little funding and a lot of pizza and bicycle marketing, we gained early traction at Stanford. We learned a lot from the beta launch which will help us grow faster and operate more efficiently, as we expand to more universities in fall 2017.
On-demand profitability has been challenging for many companies. Our business model and customer acquisition strategy enable positive profit margins while paying Jetpackers $20 per hour. With our initial plan to scale onto four campuses, we can target 39% gross profit margins.
Jetpack is well positioned to enter a lucrative market! The on-demand economy is large and growing. Economic activities centered around online platforms, where independent sellers can offer goods or services to customers, are attracting significant consumer attention and spending. The on-demand economy is attracting more than 22.4 million consumers annually and $57.6 billion in spending.
Who knows college students better than...college students?! Based on our experiences and understanding on campus culture, we identified the types of products and problems that are most crucial to students. We even started an innovative #whywejet photo series highlighting hilarious stories of students when they needed products right away.
We're focused on speedy delivery. The only area where large delivery companies cannot benefit from economies of scale is the final mile of delivery. We are focused on deliveries of less than 15 minutes.
Jetpack is in a unique position to play a role in the evolving ad space. Jetpack can serve as a sample discovery platform for students and a marketing platform for cool brands!
We're excited to work with companies who continue to push the needle and provide irresistible consumer experiences. We love introducing students to our awesome partner brands!
There are many groups that have influenced our journey and have chosen to invest in us. We're thankful for those who believe in our mission.
Dear Potential Investor,
First and foremost, thank you for learning about Jetpack! Our team is incredibly honored you took the time to learn about what we're building. I'll start by sharing my story. I believe my unique life journey is the reason I've built the resilience necessary to grow as an entrepreneur.
I was born in a small village in Mali. After coming to the United States at an early age to receive advanced medical support, I was faced with the challenge of growing up in New York City while struggling to learn English in a new schooling system. While initially scary, my journey allowed me to meet some of the best people this world has to offer, and it afforded me the opportunity to affect positive change in numerous ways.
During my tenure as President of Columbia University’s NSBE chapter, I helped minority students along their way to becoming engineers. At Procter & Gamble (P&G), I was selected out of 127 technologist applications to receive $20,000 in innovation funding to develop my idea of harnessing cheap magnetic technologies to deliver new-to-the-world products. As a result, I earned a "Transformative Research" award from the company. My next chapter involved making healthy living more affordable for people from all walks of life. While these opportunities have been extremely gratifying, I recognize that true global impact requires embracing the humanity of others and dreaming big.
I first started dreaming big as a senior engineer at P&G. I fell in love with consumer products and their potential, and became fascinated with how the simplest product could have the biggest impact on a person's daily life. I was also excited by the challenge of determining what the consumer wants even when he/she cannot yet articulate the answer.
After a successful beta launch on Stanford University's campus in the spring of 2017, Jetpack has spent the summer optimizing its business model and preparing for expansion. Moving forward, Jetpack will expand its reach to more college campuses and eventually densely populated cities throughout the country. It is our mission to get the products you need when you need them, whether it's late night snacks or crucial medication.
Jetpack represents the new wave of peer-to-peer service. Not only do we make our customers' days easier, we provide great opportunities for our sellers with entrepreneurial spirit and for students looking for new ways to connect with their peers. Join us as we revolutionize the way consumer products are discovered and distributed.
Founder & CEO of Jetpack
Your very own Jetpack laptop sticker to display your investment.
An exclusive Investor T-shirt and personal thank you message from our CEO on Twitter.
An official Jetpack backpack!
An official Jetpack backpack filled with exclusive products.
A Jetpack backpack filled with products of your choice and a handwritten framed letter from our CEO.
A personal thank you video from the Jetpack team and copies of all our favorite books.
An invitation to help design Jetpack's next backpack.
Fly out to San Francisco to have a luxury dinner with the team.
A Jetpack Party Bus with a lot of cool products for you and up to 10 people in a city of your choice.
A seat on the Jetpack advisory board and a chartered flight to spend an exclusive day of fun with our team.
Jetpack is a peer-to-peer delivery service for college students. We deliver the most popular, sought-after products within minutes.
Students simply download our app, pick the product they need and a Jetpacker will be over within minutes to deliver the requested products. Payment is super simple and takes place within the app.
Jetpackers are students! They carry our products in a Jetpack that may be used as their everyday backpack. Jetpackers can go about their daily routine and choose which orders to fulfill.
Anyone with a verified student email address on a campus where we operate may apply to become a Jetpacker. We prioritize approving Jetpackers across every dorm and region on campus so they are equally distributed.
Jetpackers get paid the equivalent of $20 per hour. For every product delivered, a Jetpacker can receive up to $5. In any given week, a Jetpacker can earn $150 with only 30 transactions. Our platform is engineered to minimize the energy needed to fulfill an order while maximizing our Jetpackers' entrepreneurial spirit.
Jetpack focuses on products students need right away. Items from our launch at Stanford included chewable coffee cubes, phone chargers, hangover cures, and other personal care products.
Jetpack partners with brands that can deliver value to college students. Once we identify a student need to be addressed on a specific campus, we target the best brands to resolve that need. If you think your brand or product would be a good fit for Jetpack, please contact us at email@example.com.
Yes! We first started as a health and wellness subscription company called mybestbox. We established numerous brand partnerships, shipped to customers in almost every state, and built our own end-to-end fulfillment center. We even partnered with celebrities such as Arianna Huffington!
Although we were growing each month, we quickly found there were opportunities to target a business model with a greater chance of accelerated growth. We tried a few things and quickly saw early success in an on-demand pilot test. Before we knew it, Jetpack was born!
Jetpack is already backed by Rough Draft Ventures (RDV) and early angel investors. RDV is a student team powered by General Catalyst, building and empowering the largest network of student founders.
Right now, we are completely focused on nailing the collegiate market. In the future, we think there are opportunities to enter select densely populated cities.
We're currently raising money on Republic to support our expansion efforts onto additional campuses.
This will involve acquiring new customers, paying Jetpackers to fulfill orders, and hiring a campus director. Every $50,000 of our pre-seed round will help us launch on an additional campus. We're also working to finalize a chatbot that will enable students to place an order with a simple SMS text.
We recently formed our Delaware corporation and are in the process of hiring our team full time, but as of the filing date, they are not employees by the legal definition. Additionally, our founders do not count as employees for the purposes of this disclosure. When we have final employment agreements, we will update this page with the news.
I invested because I believe there is room in the "immediate delivery" market and this seems like a smart way to box out a space in that market.Andrew HaInvested 3 minutes ago
As an employee of a major university I understand the excellent value this service brings to students. This would be a wise takeover option for Amazon. The added social value is the strong wage you pay students to serve each other. Kudos!Dr. Donna CurinInvested 12 minutes ago
There is a tenacity that it seems the team is display in pivoting from one idea to jetpack that I am excited to see how it progresses. All the best and if I can ever help please don't hesitate in reaching out!Jamie BateInvested 3 days ago
I saw the opportunity for rapid expansion across college campuses given the unique ability to utilize local students. I also was impressed with the founding team and their overall resumeMarcus SingletonInvested 3 days ago
Affluent college kids seem perfect for this!Ajay WaghrayInvested 5 days ago
Interesting concept. Former student who would have like this service.Chad HowardInvested 5 days ago
Belief in the leadership team in this company as well as the target market and potential for where this company can go.Kurt PatriceInvested 6 days ago
On-demand delivery for college students solves a pain point for students and the business model has natural network effects / virality built-in to scale both sides of the marketplace (Jetpackers and student customers).Michael SidgmoreInvested 7 days ago
Fatima sounds amazing, and I'd love to support more entrepreneurs like her. Jetpack seems uniquely positioned to know a very difficult segment of consumers extremely well. That knowledge will serve the company well, no matter its future direction.Russ RigginsInvested 7 days ago
It's a great idea!Chris KibbeInvested 8 days ago
I invested because I believe in Fatima's leadership and her team's ability to tap into a large and growing market.tiffany dockeryInvested 8 days ago
Looks like a good idea!Ian LimInvested 9 days ago
I can see this expanding well beyond the universities as well as being another great side hustle for a low start-up cost for today's youth.Dustin RamageInvested 9 days ago
I believe in the huge potential of doing good for cash.David SitarInvested 10 days ago
An good business concept & business model with unique insights and target consumers. I know one of the founders and am comfortable supporting him.Alison MainInvested 10 days ago
I see current/future college students as being highly impulsive to getting their needs met. This system will work. My college 19967-1971 a student had a store (snacks/drinks) from his room. Another cut hair and another did taxes for $10.Greg SavageInvested 10 days ago
I truly believe in the service product, I wish to be part of there team! When I was in grade school in philippines way back 1990, I was selling candies and ice candies to all my classmates. I get all my products from my mother small store at home.Richard BalauroInvested 10 days ago
I believe in Fatima DicktoYonatan FelekeInvested 11 days ago
Having spent years in the market of creating consumer experiences, I understand the need for everyone to have an easy, affordable, and personalized way to get what they need. Jetpack solves that problem and does so with focus and intent. I'm in.Zachary SnaderInvested 11 days ago
It feels like a good idea!vahe GulagianInvested 12 days ago
I invested Jetpack because of the strength of their leadership, @Fatima Dicko and @Lawrence MorrisMarilyn Richard-FigueroaInvested 12 days ago
I am trying to build a portfolio.Joseph WelchInvested 12 days ago
Fatima is awesomeWill BumpusInvested 13 days ago
We believe in Fatima. She is an exceptional human being and will succeed at whatever she puts her mind to.Jason DunfordInvested 13 days ago
This is a fascinating business idea run by people with impeccable credentials and experience. They're changing the face of entrepreneurship.Riley JonesInvested 13 days ago
Great idea.. especially for college students.SHARON SHEMTOVInvested 13 days ago
i wanted the backpackAaron SamuelsInvested 13 days ago
I believe in my soror and friend Fatima's vision!Tanisha DanielInvested 14 days ago
Founder w/ clear operating experience necessary to be successful in FMG goods space and model that leverages selling convenience which above all college students will pay for. Also unique opportunity to leverage marketing dollars in a real wayUzoma AyoguInvested 14 days ago
they are in an interesting niche that i would have used when i was in college and had late night needs arise that i didn't have the time to travel to an off-campus 7-11 /qwikeemart to get the item i needed as that trip would've killed my study time.lance newmanInvested 14 days ago
I see a great future for this service or any transformation from what they are working now. I envision jetpackers even at airports.Stefano VettorazziInvested 15 days ago
Jetpack is solving a true need of immediacy on college campuses, something I've personally experienced. In addition, I love Fatima Dicko, she's very ambitious, and I strongly believe in her ability to make Jetpack a success. Good luck team :)Tolu AlabiInvested 15 days ago
I believe this company provides what college students and campuses need. It can't do that without support. I support with my limited means and various social networks.Armon SadlerInvested 16 days ago
I believe in the concept and more importantly, the team!Brandon KaminInvested 18 days ago
Jetpack will succeed on campuses, as there's a demand for quick delivery to a dense population of people with time and transportation constraints. I think it could also scale to cities.Leonard PitzalisInvested 19 days ago
I felt that they are providing a service that the students will need, on almost on a regular basis! Good luck, JetPack!Ganapathy SridaranInvested 19 days ago
Because I like the concept and it is applicable all over the world. Great scope!Cameron LouisInvested 20 days ago
I heard about another company that started out at a University :)Jan WinumInvested 20 days ago
I think if it works like it's supposed to, it will do very well.Eckma TrustInvested 21 days ago
I think it's a great product and a great market, from a marketing and brand perspective college campuses are the holy grail.Aidan ClasseInvested 21 days ago
Think its a Great Idea!!!Elizabeth PasternakInvested 21 days ago
I really liked the company ;)Diego GomesInvested 21 days ago
I like the concept and the problem it solves.Jim McguckinInvested 21 days ago
I understand the concept behind JetPack, and I think it's a great idea.Siddarth JainInvested 22 days ago
Cool ideaJeremy MonfriesInvested 22 days ago
The video sounded as though it could work on a campus. But I think it also could work in a city. This would be additional funds made running around filling orders. I think there is a huge potential.Mason C LeMayInvested 22 days ago
I believe Jetpack is a timely and good idea with true value.Lewis HuynhInvested 22 days ago
Investing in the last mile with a scalable structure and diverse team.Brandon AndrewsInvested 22 days ago
I'm a professor on a college campus, and the usefulness of the service was immediately apparent to me. The founder and team also seem focused, committed, and eager to succeed.Aaron BlaisdellInvested 22 days ago
First and foremost I invested because it's a great idea. I think if it can prove it's model is an excellent acquisition target. Having a female CEO, I think, will foster that success.Adam McLaneInvested 22 days ago
Great team...great idea with tremendous opportunity to scale for growth. Jayden sold me on this...I'm in! All the best to the Jetpack team.Bryan WindleInvested 22 days ago
I'm really intrigued by this concept and Fatima is one of the most brilliant and hardest working entrepreneurs I've ever met.Anna Towns, Esq.Invested 23 days ago
I believe in my grandson and want to encourage him in this venture!Ted WindleInvested 23 days ago
I believe in Ryan, Fatima and LawrenceDarin JonesInvested 23 days ago
I believe in the team!Anthony WagachaInvested 24 days ago
I love the lost mile delivery problem solver, nothing better than someone who knows the campus library and can find you easily.Kevin MaleyInvested 24 days ago
The company's idea is dope! Additionally, the company will reduce the barrier to employment for many people in low-income communities. Company's like Jetpack will be very important to the future of work.Chad MunroeInvested 24 days ago
All-star cast, great idea. Best of luck, Team!Max AggreyInvested 24 days ago
Appreciate the movement!Adrian JamesInvested 24 days ago
I believe in the company's ability to positively impact the college experience of students like myself.Abraham ArayaInvested 24 days ago
I believe in each of you!Marcus McCoyInvested 24 days ago
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