• 14 hours Billions Of Dollars Are Flooding Into The Flying Taxi Space
  • 21 hours Is This The Most Important Energy Project Of 2020?
  • 2 days Startups Are Dying To Give You A Better Death
  • 2 days U.S. Restaurants Are Struggling With Rising Labor Costs
  • 3 days The Banking Bonanza Is Just Getting Started
  • 3 days How The Trade War Ceasefire Will Impact The Energy Industry
  • 4 days Who Is The Most Dangerous Person On The Internet?
  • 4 days SoftBank Sees First Quarterly Loss In 14 Years
  • 6 days Prepare For An Oil Glut In 2020
  • 7 days Why A Strong Yuan Is A Promising Sign For The Trade War
  • 8 days What Would You Sacrifice For A Debt-Free Life?
  • 8 days Shareholders Urge Major Bank To Stop Funding Fossil Fuel Companies
  • 8 days Tariffs Are Causing A Slowdown In U.S. Manufacturing
  • 9 days The Great Silicon Valley Migration Has Begun
  • 9 days 3 Oil Stocks Paying Out Promising Dividends In 2020
  • 10 days How Fractional Trading Is Democratizing the Stock Markets
  • 10 days Why Smart Money Is Looking To Short Aramco
  • 10 days Gold Major Looks To Hike Dividends By 79%
  • 11 days Three Reasons Precious Metals Are On The Rise
  • 11 days Will Gold Stocks Continue To Climb Higher?
6 Tech Trends Transforming The Travel Industry

6 Tech Trends Transforming The Travel Industry

Greener and leaner transportation is…

Ousted Uber CEO Cashes Out $500 Million In Stock

Ousted Uber CEO Cashes Out $500 Million In Stock

Ousted Uber co-founder Travis Kalanick…

Anes Alic

Anes Alic

Anes Alic is a veteran investigative journalist and writer whose work in everything from anti-terrorism and high-level politics, to industry, investing and IT has won…

Contact Author

  1. Home
  2. Tech
  3. Tech News

Startups Are Dying To Give You A Better Death

Funeral Startups

“Ashes to ashes, dust to dust,” no longer. 

This phrase, generally used during burial ceremonies, suggests that every life will one day come to an end. Today, the flurry of startups businesses seeking to change timeless traditions is challenging even this. Now, one can obtain eternal life by becoming compost witnessing rebirth as a tree. 

Traditional funerals, in the form of cremation, embalming and burial, are now giving way to new alternatives with the emergence of new funeral startups that aim to disrupt the overpriced services sector by offering something cheaper and better. 

The market they are targeting is sizable. With nearly 2.6 million deaths every year in the United States, a new class of entrepreneur sees plenty of opportunity to innovate. 

Considering the fact that 41.4 million Americans live below the poverty line and that 40 percent of US citizens cannot afford an unexpected expense of just $400, it is clear that a majority of Americans would be unable to absorb the average cost of a funeral, which sits at around $8000. 

Due to the nature of the business (that everyone is bound to use the service at some point) it was long believed that nothing could jeopardize the funeral industry. Yet, due to the high cost and availability of cheaper alternatives, it seems that all sectors of the industry have been reporting losses over the past decade.

Currently, the coffins and caskets market is worth some $550 million, but that belies an annual decline rate of 3.6% over the last five years. That rate is expected to accelerate to about 4.1% in the next five years. Skilled embalmers have been particularly hard hit, with employment in that profession declining 28% in less than 10 years. 

Back in 2015, cremation surpassed traditional burial rates across the country for the first time, largely because of consumer attempts to reduce costs associated with funerals. 

However, for environmentally conscious Millennials, even cremation is out of the question because the process emits some 270,000 tons of carbon dioxide each year. That is equivalent to the CO2 from 22,000 homes, or the emissions of 50,000 cars.

Millennials, as tech-savvy and environmentally conscious consumers, are driving the popularization of “green burials”, which are both affordable and involve fewer synthetic chemicals. 

Green burials cost an average of $2,000, which includes a plot and environmentally friendly casket. For those who desire even more eco- and wallet-friendly solutions, there is an option to ditch the tombstone and chose a GPS marker instead. 

Composting is also on the rise as a unique way for one to give back to the planet more directly. The process involves sealing a body into a container with wood chips, alfalfa and hay and adding heat to stimulate microbial munching.

There are still a few legal issues to be resolved around the compost funeral, but the world’s first funeral home dedicated to composting human beings is set to open in 2021 in the state of Washington, the first state to legalize such services last year.

An even newer trend is the “tree burial” during which ashes are placed in the soil with a seed to plant a tree that won’t affect the tree’s natural DNA.  

There are also green burial options that aren’t wallet-friendly, and far surpass the traditional funeral costs. One such option is the space burial in which ashes are launched into space via a rocket. 

And how about Cryonics? At a cost of a minimum of tens of thousands of dollars, a handful of companies are willing to preserve a body in the hope that one day the technology will exist to bring the deceased back to life.

The funeral industry though it was immortal. It’s not. Today’s consumers, even beyond the grave, want options and startups are more than willing to give them those options. 

By Anes Alic for SafeHaven.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment