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AP Photo/Mike Groll

"We've got a company that offers an on-demand app for snowplows." ― Peter Pham, co-founder of tech incubator Science Inc. (Dollar Shave Club, DogVacay).
"That makes no sense Peter. Snowplowing isn't a consistent business. And you live in LA." ― me.

And with that I was introduced to Plowz and Mowz, the Science-backed company that has around 1,500 plows on hand today in blizzard-affected areas. Its co-founders, Andrew Englander and William Mahoney, spent some time on the phone, explaining why my gut rejection was unfounded:

The genesis: Mahoney is from Syracuse, and the idea came to him when he couldn't find anyone to plow his mother's long driveway. "I would call plow operators, but no one picks up the phone once it begins snowing. So I'd shovel, and watch the plows drive by and think that they were missing out on an opportunity to make extra money."

The synergy: The co-founders recognized that most residential snowplow operators work as landscapers in the warmer months, so plowing becomes lead generation for mowing which becomes lead generation for lawn-mowing or leaf blowing.

The opportunity: Use technology to optimize existing coverage routes. "We use a live-tracking GPS so that drivers can see other jobs that are already on, or close enough to, their way to the next job. These jobs can be done in as little as six minutes, so it's incremental income," Englander says. "For users, this eliminates the need to sign seasonal contracts. They can also put in notes about when they need a plow by, like if it's a doctor who needs to be on the road by 6am. Lawn-mowing works the same way, although the timing is a bit more flexible ― such as today in the morning or tomorrow in the afternoon. The pricing is competitive, and people get a picture of the completed job within the app once it's done, which is useful, for example, if you're on vacation and just need a one-time mow."

Numbers: The company said last month that it was approaching 100,000 paid transactions, and that it has raised $1.5 million in VC funding. It is unprofitable, but the co-founders say they have had a few break-even months. Overall they have over 3,000 landscape companies signed up, many of which have multiple crews.

Go deeper

Republicans gear up for day-of and post-Election Day litigation

Voters wait in line to cast their early ballots Photo: Joe Raedle/Getty Images

Republican Party officials say they're already looking to Pennsylvania, Minnesota and Nevada as likely battlegrounds for post-election lawsuits if the results are close.

The big picture: As pre-election lawsuits draw to a close, and with President Trump running behind Joe Biden in national and many battleground state polls, Republicans are turning their attention to preparations for Election Day and beyond, and potential recounts.

Federal Reserve expands lending program for small businesses

Federal Reserve Chairman Jerome Powell at a news conference in 2019. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve said on Friday it would again lower the minimum loan size for its pandemic-era small business program.

Details: Businesses and nonprofits will be able to borrow a minimum of $100,000 from the facility, down from $250,000 — a move that might attract smaller businesses that don't need as hefty of a loan. Since the program launched earlier this year, the minimum loan size has been reduced twice.

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How Trump and Biden would steer the future of transportation

Illustration: Eniola Odetunde/Axios

President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.