“This $18 Billion Funeral Industry Has Long Been A Technology Holdout”

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Even if they must suck the blood of the young, Silicon Valley billionaires will live forever, but just in case they don’t, start-ups are looking for venture capital to help disrupt the grave and create Death 2.0.

Technology firms launched by millennials are getting into the funeral business, using the new tools to offer transparency and simplicity to those forcing their way through practical decisions when contending with the painful loss of a loved one.

The opening of Eilene Zimmerman’s New York Times article “Start-Ups for the End of Life“:

Death and dying can be costly, but they are rarely considered a business by consumers. Many would rather not ponder critical decisions about feeding tubes, funeral homes and other end-of-life issues until the need is thrust upon them.

But as our population ages and the industry gets more attention, new firms — many of them technology companies — are setting out to compete on price and convenience.

This $18 billion funeral industry has long been a technology holdout, said Dan Isard, president of the Foresight Companies, a financial management firm in Phoenix, which specializes in funeral and cemetery professions.

Mr. Isard said funeral directors “would rather sit across from someone and talk to them, listen to them, than have them go online and try and figure it out for themselves.” That is also one reason the death care industry, as it is called in the industry, has been able to maintain its lack of pricing transparency. But with nearly 2.6 million people dying annually in the United States, entrepreneurs see an opportunity to innovate. 

A new crop of tech start-ups is hoping to capture a slice of that sector. Many are founded by millennials, who have grown up online and expect to shop for — and curate — everything there.

As baby boomers become more comfortable shopping online, these start-ups are finding a highly engaged audience. And those in their 20s and 30s, hitting major life events like marriage, the birth of a child or the loss of a parent, also require planning services.•

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