MyStreet is a location-based social networking app that aims to connect local communities and businesses. It works by facilitating supply and demand between local people and businesses through a notice board. As the first app of its kind in the UK, MyStreet believes it will have an unfair advantage over competitors. It aims to build a sense of community and plans to leverage word-of-mouth promotion. The startup's revenue model involves charging businesses for listings and using various forms of in-app advertising. It has assembled a team to handle areas like development, marketing, sales, finance and operations as it looks to initially launch in cities and later expand domestically and internationally.