Vatorx2
Location: Berkeley, California, United States United States
Founded in: 2010
Stage: Pre-launch
Number of employees: 1-5
Short URL: vator.co/betterup-applications
Followers (15)
Vatorx1

BetterUp Applications

Promoting healthy habits with obsessively fun, social games.
Startup/business
Berkeley, California, United States United States
http://bplan.berkeley.edu/
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Company description

Sixty-eight percent of U.S. adults are overweight or obese, but the majority aspire to healthier lifestyles - 52% are on a diet and 70% believe they should exercise more.  We believe that BetterUp can help people improve their health.  Our web and mobile applications take the difficult and daunting challenge of adopt healthier life habits and transform it into an obsessively fun and motivating social game. 


Team
Business model

BetterUp leverages web and mobile consumer technology to harness the motivating power of social networks and games. 

The user identifies a concrete health improvement that he/she wants to make and invites friends from his social network, e.g. Facebook, to join the challenge.  With BetterUp, achieving that goal becomes a fun, simple, and social experience. 

Positive outcomes and active participation are rewarded with not only recognition, but also BetterUp points, which can be redeemed for valuable offers and gift certificates from BetterUp’s corporate sponsors.

BetterUp revenues will be driven through two channels.  The first is corporate sponsorships.  Companies with brands in the healthy living space (e.g. Nike, Jamba Juice, Whole Foods) can distribute “wow” offers and products to BetterUp users through the BetterUp store (e.g. 5 smoothies for $5, $1/pound at the Whole Foods Salad/Hot Food Bar).  BetterUp users can purchase offers using points accumulated from their participation in challenges.  Sponsors benefit by building awareness, trial, and repeat traffic with their target users.  BetterUp receives a marketing/distribution commission as a portion of sales (similar to the Groupon model).  Corporate partners can also initiate challenges with users.

The second revenue channel is partnerships with employers and health insurance companies.  Corporations are increasingly adopting worksite wellness/prevention programs to lower health insurance costs, reduce worker absenteeism, and increase worker productivity.  Safeway and HP are two examples of companies that have implemented prevention programs to reduce costs.  BetterUp will deliver value by creating and managing custom health challenge programs for employers, based on our consumer model.

Competitive advantage

Existing technology solutions for consumers who wish to improve their health habits consist of calorie counters (e.g. myfitnesspal for iPhone), virtual fitness trainers (e.g. NikeBoom), and goal-setting applications.  Calorie counting applications require significant time input (“work”) on the part of the user (which only a niche group is willing to invest).  Similarly, fitness trainer applications are appropriate for users who are highly engaged in their exercise routines, but this is only a small segment of the opportunity.  The existing goal-setting applications, such as HealthMonth and DailyBurn, are highly complex, requiring significant involvement from the user.

There does not exist an everyday health and wellness technology solution that is fun and easy to use for the mass market.