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    Wednesday, November 29, 2017

    Startups The tax bill in Congress would tax stock options upon vesting, instead of upon exercising. This is very, very bad.

    Startups The tax bill in Congress would tax stock options upon vesting, instead of upon exercising. This is very, very bad.


    The tax bill in Congress would tax stock options upon vesting, instead of upon exercising. This is very, very bad.

    Posted: 28 Nov 2017 03:04 PM PST

    I know that this would be bad for me personally, and probably many others on this forum as well. I haven't seen this talked much about, but it strikes me as a huge issue.

    From this post:

    The current draft of the Senate Tax Reform Bill would tax stock options and RSUs upon vesting.

    Currently, stock options are taxed upon exercise and RSUs are taxed upon release of the underlying shares.

    This is a HUGE deal to everyone who works in companies that partially compensate their employees with these two equity instruments.

    What this would mean is every month, when your equity compensation vests a little bit, you will owe taxes on it even though you can't do anything with that equity compensation.

    You can't spend it, you can't save it, you can't invest it. Because you don't have it yet.

    Edit: as linked below, this specific issue has been fixed in the bill.

    submitted by /u/mac_question
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    How startups should do customer discovery

    Posted: 28 Nov 2017 09:47 PM PST

    This article by Steve Blank is a good read about how a continuous customer discovery process is so crucial to building your business. Products are essentially about solving a problem and not merely innovating for the sake of it.

    In the article Blank talks about how a startup discovered the problem they were solving for precision agriculture was not building fancy drones to help farmers but rather providing better, more intelligent data.

    It's important to remember that "there are no facts inside the building. Learn to live with the customer."

    Thought I'd share it as a good take on customer empathy and feedback.

    submitted by /u/wiki_nom_nom
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    Starting fundraising -- anyone willing to share their experience?

    Posted: 28 Nov 2017 03:00 PM PST

    Hi everyone! We're currently in the process of finding relevant investors and reaching out to start establishing relationships. We have a one-pager and pitch deck that have both been through several iterations. I've read a lot about the process but would love to talk to someone (briefly) about their experience and any wisdom/advice they can share. We have good revenue and are actually not too far from being profitable, so we're not in a rush to get money. However, I would like to get funds early-ish next year so I can start building our team out. Anyway, this is my first time fundraising (previous investment was from an accelerator program) so I'm trying to talk to fellow entrepreneurs who have been through it and can help guide us. I also realize I'm an internet stranger so it's fine if no one wants/is able to help. Thanks!

    submitted by /u/enthusedbycats
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    Anyone Running a Service Resale Business?

    Posted: 28 Nov 2017 03:17 PM PST

    In my head this seems so simple, I pick a service like house cleaning or landscaping, find qualified employees willing to work as independent contractors, and provide them with leads/work in exchange for 50 to 70% take of the sale? I guess the biggest risk is losing customers to contractors, but the employee route is always an option as well right?

    I realize there would be initial things needed like a website, licensees, etc. And then of course getting clients is another challenge, but what do you guys think?

    I work a M-F office job, so taking phone calls for appt setting would be challenging, but my wife is a SAHM who i could train to take calls and work the appts for me. Outside of that quality control could be an issue, like making sure the job was done correctly.

    submitted by /u/Whirly-Dirly
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    Need help on structuring the company

    Posted: 28 Nov 2017 06:57 PM PST

    As a startup everyone is doing everything now I want to make it in a way that a person does a dedicated work so that I can see improved productivity.

    Also the fact that everything should be documented and trackable I want everything to be maintained in a generic report formats. Rather than just mails of tasks.

    For sales we've been following the funnel concept which I feel is efficient.

    Like that I want for other accounts like project management, admin, hr, operations, finance, facilities etc. etc.

    As a startup we are 12 in numbers with three founders and the rest employees and we used to conduct review meetings every Saturday which I feel more than enough for a startup as of now.

    We are planning to expand and I don't want any politics or missing productivity from my team. All other suggestions are whole heartedly welcomed!

    submitted by /u/ANON_G33K
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    Where do I begin?

    Posted: 28 Nov 2017 09:54 AM PST

    Hi there, I work at a startup in North Carolina. We are an incredibly lean team but we're looking at expanding our team significantly cause we can (: With more people coming on I'm worried about our organization and lack of standard operating procedures. I'm doing tech related stuff for them in addition to being the only programmer, graphic designer, and person who knows how to find what mac dongles they'll need to buy.

    I want to be proactive (with my scope set on the nonexistent CTO role here) and propose a solution to our lack of standard operating procedures and single source of truth when is comes to digital asset management. We've got three different could drive services and I hate it.

    The problem is - where do I begin? There is no SOP for anything. Tasks get put into a variety of services, and various team members haven't been forced to use one thing or the other. I'm ready for the challenge and I have a fair amount of time that I could commit to building these things out. I just get overwhelmed when I start to think about what to do first.

    Also - any suggestions on other subs and sites and places to pose this question are welcome.

    tl;dr: Where the hell do i begin building standard operating procedures for technology at my company.

    submitted by /u/shrimp_associate
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    How do I calculate if promotions are harmful to the business?

    Posted: 28 Nov 2017 12:49 PM PST

    I work at a medium size small company which is transitioning from old perpetual license model with tech support subscription to SaaS. I have a dual role in UX and marketing and the way the have done marketing was mostly based on promotions + PR. We are going to install Mautic (open source mrkt automation) and I'm trying to rethink if it makes sense to keep doing promotions. The users got used / addicted to that. Although we will do some automation and campaigns, my boss still wants to keep the promotions because on his mind we will lose money if we don't do this.

     

    What would be the best way to calculate whether doing promotions vs not doing promotions is harmful for the company?

     

    Costs: Mailchimp subscription+ team time for design / text assets and campaign creation in social media + email Note: we don't do paid advertising.

     

    Data: we have account data in Sugar CRM and we know who purchased and who renewed the membership or purchased the perpetual license   Note: we don't track the campaigns properly so we don't know how individual campaign ROI.  

     

    note: It doesn't need to be super precise

    submitted by /u/userexperienceguy
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    Do you need release forms for in person surveys about your product?

    Posted: 28 Nov 2017 06:48 AM PST

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