Startups So I’m angry and feel betrayed. |
- So I’m angry and feel betrayed.
- When you feel like you have a great idea and bring skills to the table that are NOT coding/developing...
- How do you know when to leave a startup?
- When do/should you start looking for that first seed investment?
- I got a job offer from a "real" startup, but it's well below market value.. thoughts?
- An overnight success 10-years in the making or living the sunk cost fallacy?
- Dynamic Equity Splits in Practice (x-post r/Entrepreneur)
- Where to find a KS/IndieGoGo experienced partner for 1st campaign ?
| So I’m angry and feel betrayed. Posted: 07 Dec 2017 05:47 PM PST Been working really hard the last few years for a small company that always told me the big payday is just around the corner. Well, it got so bad that we ended up selling out to another company at a bargain basement price. Our options were bought back by the new company. They didn't offer stock in their new company. I was told that it was a fair price. Fast forward two months, Our old company execs tell us they landed a national deal with an industry leader. The big payday!! The executive team has new stocks (obviously less deluded) and the crew on the front line is left with just a regular paycheck. Damn it —This just doesn't smell right! [link] [comments]  |
| Posted: 07 Dec 2017 05:56 PM PST I have an idea for a website/application that is supposed to help people organize their lives based on research-based algorithms. Basically it's a smart calendar that learns about you and keeps you organized, to keep it vague. I sent out a post on my local city's reddit looking to see if somebody would be willing to work with me as a team and we either succeed together or fail together, and that didn't go over so well as many people accused me of just trying to pawn off the work onto others and not bring anything to the table myself. Although I understand their point of view as I'm sure they see people with ideas all the time, although I feel that I bring a lot of other skills to the table through marketing, sales, and management, that's besides the point. I know nothing about coding. I've heard of many people who taught themselves to code through online resources within a year and then were pretty self sufficient to do everything on their own for a while. I'm starting to think that is the direction I should start heading in. Can I get some suggestions and tips as to what the best order of learning I should go in, and possibly what free/low cost and useful learning programs are? I know there are back end coders, front end UX/UI coders, full stack web developers, mobile app coders... it's a lot and I'm not sure what I should focus on. I signed up for and hopefully will get into Google's scholarship to a nanodegree through Udacity, which I know is credible and will help. But the nanodegree only focuses on one specific type of coding and it seems like I need multiple fields of coding knowledge. Has anybody had any experience and tips they can share about what it's like trying to run a startup when you're not a developer? Is it doable? I know I only tried one post so far, but I got a LOT of negative feedback from people saying I bring nothing to the table and am trying to be a freeloader. Thanks for any help!! [link] [comments]  |
| How do you know when to leave a startup? Posted: 07 Dec 2017 09:42 AM PST I've been working at a company for 2 years now. The first year I worked for a large enterprise customer in a software development contract role. Since then the company has downsized and become a software development company that is trying to launch its own products whilst also doing software development projects for customers that funds those other projects. We have a real product in production that I don't have a huge amount of faith in, we are struggling to find customers for the software development side of the company because the owner ignored us when we said we needed to get started on sales earlier in the process and frankly the owner no longer feels like the leader who I previously would have followed anywhere. I'm afraid that even if we do get lucky and find another customer to work for, it'll just be the same as before when I work for an okay salary to fund this other project without ever really growing as a company when I could earn a much larger salary contracting for software development jobs in London. What should I do? [link] [comments]  |
| When do/should you start looking for that first seed investment? Posted: 08 Dec 2017 12:03 AM PST So my partners and I are at the pre mvp stage. Our estimated product completion for the core application is estimated to be in March of next year. We also have an agreement to allow 5-10 small business vendors use our product and sell their items to users. We're also looking at targeting a specific large city. We're thinking nyc. Now here's the thing: for the completed mvp, if we want our first investment should we go by how many users and small business' we have. Or that our core application actually works, and works well. We consider this period where we have the small business' and some users to be our testing period. We want to know when we can actually present our products to the me. In black suits. [link] [comments]  |
| I got a job offer from a "real" startup, but it's well below market value.. thoughts? Posted: 07 Dec 2017 09:33 AM PST It's a startup that is bootstrapped and isn't really in a sexy space, they work with local governments. I want to work for a startup but I don't know if it's worth it if the salary is well below market value. For instance, 1 year ago I had a job that paid $65k, which is good for my area, I was also 21 at the time. A few months ago I had a job offer from a larger company willing to pay me $75k, which in my opinion is above market value for my experience and position. This startup is offering me $52k with 10k shares vested over 3 years, no benefits either. They didn't mention how much the company is valued at either. The company seems good, not necessarily something that excites all that much, but the people are nice and I'd probably learn a fair bit. Problem is, it's far less than I was expecting.. any thoughts? Is leaving money on the table at 22 a good idea if I can learn from some interesting entrepreneurs? Edit: I should mention, I don't need money at the moment. In February I sold my startup for $50k + $30k in contract work. So I'm very comfortable at the moment, and haven't been employed since January. [link] [comments]  |
| An overnight success 10-years in the making or living the sunk cost fallacy? Posted: 07 Dec 2017 09:43 AM PST Hi gang, I work from home on a project by myself right now so I don't have many people to talk to about this. There's a solid chance that by reading this you're being used as cheap therapy. So...my apologies in advance. Here are the positives. My iOS app is super sticky. Active users spend an average of about 15 minutes a day in the app. (A hair over the amount of time the average user spends in Twitter from what I can find.) 7% of users open the app over 20 times a day. 49% over 5 times a day. Retention is strong but not off the charts amazing. Just under 50% percent at Day 7, somewhere between 18-24% at Day 30 depending on if you believe Flurry or FB are more accurate. I feel like these things all point to "keep grinding." BUT, after 3 years of treating this as a passion hobby the actual user numbers are pretty low. ~500 active users. Down from a high of about 2000 last year. Granted, I've never done any real marketing and those are all free users, so looked at another way, that's Day 365 retention of 25%. Regardless, a depressingly small number considering the usage numbers. You'd think if someone opened an app 5-20 times a day they tell a friend or two. It's all been more or less self-funded, with a little help from an old boss but I can't throw anymore of my own money after it and spending this much time on numbers this small makes it an fairly unfundable project. I didn't do it all alone, I've had some fantastic help along the way from some really great people but it's been just me for the bulk of this year which means dev time available for experiments is super limited. As it is, getting things in shape for iPhone X cost me most of this month. Keeping it running exactly as is would be pretty cheap but would still use up some emotional bandwidth and brain space that could be put elsewhere. That said, it's not like I built something that no one loves, so walking away feels premature too. So, if you're up for it, I'd love to talk through this. I'm an open book, ask any clarifying questions you'd like. [link] [comments]  |
| Dynamic Equity Splits in Practice (x-post r/Entrepreneur) Posted: 07 Dec 2017 08:49 AM PST Hello everyone. I recently posted this in Entrepreneur and didn't get any attention. I am in the process of starting my own company, and I have become intrigued by the idea of SlicingPie (which I've seen mentioned various times in this subreddit). For those that don't know, the basic idea is that equity is dynamically allocated based on each persons contribution to a company in its early stages. My issue is that most resources I find on the practice seem only to talk about it, without providing any real evidence of success stories or failures. Has anyone here started a company using the SlicingPie model? Please share your experiences, and any articles or blog posts you have found that shows a real startup sharing their experiences, good or bad. On the website there is a really short list of companies using the method, if I can't any existing information out there I will begin contacting these companies directly to see if they will share their experiences. Thank you for anything you have to share [link] [comments]  |
| Where to find a KS/IndieGoGo experienced partner for 1st campaign ? Posted: 07 Dec 2017 07:30 AM PST Hi, Everyone. I'm an Inventor and Engineer, I've a Patented Idea I want to start commercializing thru Kickstarter, IndieGoGo etc. I've spent a lot of time and resources on "invention search" related services, enough to understand to avoid them, I'm done with them (also with fake partnership maybe sponsored by rivals to freeze my IP). My invention don't require a full industrial setup to be mass manufactured, It whole US Market moves a Billion Dollar a Year (upto 100M units at 10-40$ each every year, MFR cost is less than 2-8 US$, customers use to order 2-4 depend on the size). I'm not US resident, neither I live in the US, this is why I'm looking for a established US partner with proven KS experience and in knowledge on how to mass distribute consumer products to potentially thousands customers/retailers (initially KS, then IndieGoGO, retailers, amazon etc). My US Partner has to be experienced with product PR, and things related to its mass-manufacture (indeed very easy to manufacture). I'll provide, licensing, and engineering (know-how) services related to my Patented Invention. About my Product: My product is to be used inside personal computers (a mandatory component for Enthusiast Systems), its easy to manufacture since implies only a new plastic-molded component replacing its old very common and mature component, it can be manufacture by classic plastic modeling, it outperforms older designs, while adds an unique new -advanced look to the system component it replaces-, all the things PC-enthusiasts wants, further its protected by an utility patent (a second one on the way), it will prevent Chinese cheap imitations (also the know-how will prevent successful imitations), Did anyone know if there is the right place to find a KS Partner ? or where I can find some one interested (with enough KS background). Note: I'll provide explicit details* only to qualified partner prospects.* Thanks in advance for any suggestion or comments about potential partnership. -I will cross-post this on related sub-reddits- [link] [comments]  |
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