I mean ICONFINDER?! Do they really needs to be incubate / raise money?
Tealet? A subscription based business on tea? Wow...
The list goes on...
really disappointed in this batch of 500 Startups.
Edit: A better example.. Amazon was just an online book store. Now I can't launch a website without getting them involved.
Edit2: I looked up Tealet and it seems like a well executed vision. Writing them off as a disappointment is a dick move. Where are your mind-blowing innovations?
Obviously I do agree that they're much bigger than even that now.
I know several people that spend serious money on that (over here, Argentinean Ines Berton blends are the most sought after - http://www.tealosophy.com/eng/eng.html ).
Edit: It won't be Facebook-sized, but if the customer validation works (and they really know their stuff - much like with wine, premium tea drinkers can be picky), they might be on to something.
Personally, I worry about them losing the "experience" factor that one gets from going tea shopping.
It is just that I though 500 Startups were looking for more innovative startups.
Reading through the list I don't see any really innovative companies.
Disclaimer: I'm married to the founder.