Startups Assigning startup to existing LLC during R&D phase? |
- Assigning startup to existing LLC during R&D phase?
- I'be been offered $2500 per 1000 new as Revenue Sharing plus $75K in a startup with almost 3 years on its back. How should I negotiate the offer?
- I'm a junior in college with an idea for a niche app and no programming experience - does this sound like a total crapshoot?
- Dear new college graduates,
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| Assigning startup to existing LLC during R&D phase? Posted: 10 Jan 2018 04:46 PM PST Hi guys, wanted to get your opinion. I am currently working on a startup that connects two parties together, a buyer and a provider. We have not incorporated yet, and in fact prefer to wait until we have a solid number of potential providers, to then apply to incubators and incorporate as they prefer. We do however have our provider app semi-ready for me to go in person to said providers and on-board them. The app will require them to agree to a terms of use, which our lawyer is drafting up. I was wondering, do you foresee any major issues if i list our startup as a subsidiary of my personal LLC on the provider agreement, then have them re-agree to the terms of use when we update the doc with our incorporation? We are two founders and I am CEO, so the personal LLC factor is primarily a concern in regards to legality and potential problematic paperwork later, rather than trust/ect. We also do not plan on selling any product until after we are incorporated--- so will not be merging profits with the LLC--however i am making personal expenses from my LLC bank account for the startup, which i plan on deducting while it is pre-incorporation phase. Any advice / thoughts welcome! Thanks [link] [comments]  |
| Posted: 10 Jan 2018 06:08 AM PST The facts:
The offer:
How I see the offer:
How do you see this deal? How would you structure a Revenue Sharing deal with your first employee? [link] [comments]  |
| Posted: 10 Jan 2018 09:28 AM PST Like the title says, I have no real programming experience (I took intro to programming and it really doesn't come naturally to me at all). I've been told by several individuals now that I should seriously start thinking about getting into startups, and I have an idea that I actually feel passionate about that's been rolling around in my head for the last 6-9 months - an encrypted, privacy-oriented bookmarking and annotation application (a bit like Firefox sync, a PDF annotator, and pocket rolled into one, but with a focus on privacy). I spent months looking for a service like this and couldn't find anything that really satisfied my needs, and I have a feeling there are others out there like me, even if that group of people is relatively small/niche. I would probably go with a small yearly subscription fee model ($10-$25 a year) and would target both academic communities and the privacy community, which isn't huge but is certainly willing to pay for zero knowledge/open source/encrypted alternatives to popular software. The best I think I could do is create an extremely detailed, interactive mockup in Axure (I've already downloaded the software and started learning how to use it). I don't know if I could handle the programming, or if it would even be worth it to sink 50-100 hours into learning how to build an app while I'm a full time student. To remedy this I would probably start out with trying to get a web application and browser addon off the ground first, because I've heard that good app design costs at least 30k (usually more), and I certainly can't afford that. What do you guys think about my situation? At this point I'm just looking for thoughts, feedback, and advice. This is all very premature and I haven't actually started building anything yet, I still have a ways to go before I'd feel comfortable diving in to building a detailed prototype in Axure. I've been a pretty good artist since I was a little kid and have been told that I have an eye for design, although I've never taken any formal design classes (so I'd probably want to take some design courses on Coursera before anything else). Thanks for any help! [link] [comments]  |
| Posted: 10 Jan 2018 10:31 PM PST If you are ever offered to work for a startup, don't. Here's why ... TLDR - If you are a young - cheery and passionate person who just got out of college and think that startup will be your ladder of growth and success, you are sadly mistaken. A year and a half ago, I was full hope hope and ambitions. But the way I've been pouring myself at this startup - overworked and underpaid (and under appreciated), I just realized that I've done nothing but waste 2% of my life's time onto something that made me sleep on my friend's floor for almost a year and live paycheck to paycheck, hoping that one day our startup would have that exponential growth and I would be given a fair share of what I deserve. I guess none of that is gonna happen anytime soon. To startup founders - DO not hire young graduates, considering that they are your source for cheap labor. ... you are better off outsourcing these jobs than deprieve a fresh graduate of their passion and hope and ambition - by running the very foundation years of their careers with false hope and empty promises. Sorry for the rant - few years ago I was so hopeful and driven that my friends looked up to me for the shear enthusiasm I had in myself ... these days I just hope that I get through the day and try to reignite the enthusiasm that was all burned down working for this startup for over 18 months. Regards, A broken careerist update: I don't care if you downvote this a million times. I'm speaking the truth (or as /u/readyspahgetti said I'm speaking my truth) ... so I'll stand by it. [link] [comments]  |
| Favorite or Best A/B Website Testing Framework? Optimizely Is Useful, But Pricing Is Insane! Posted: 10 Jan 2018 08:25 AM PST My company recently used Optimizely to do A/B testing on website copy for conversions to great success. The product lets us easily experiment with different website copy and see the effects on conversions. However, when the trial expired, they quoted $50,000/year for just a few thousand visitors per day. And even in quoting this price, their sales people seemed to indicate they didn't even want us as users. Incredibly off-putting! Does your company use a product for this? If so, what one, and how is it priced? This Quora question covers a lot of options, but it's tough to sort through them all. Specifically, I'm looking for a product that lets me drop in a Javascript file to an existing website, that would then allow non-technical people to perform experiments with website copy. [link] [comments]  |
| Countries with lowest annual cost for incorporating an online business? Posted: 10 Jan 2018 09:48 AM PST |
| Stock Structure for Startup Company Posted: 10 Jan 2018 09:40 AM PST Me and my partner (co founders) are the only officers of a newly formed company (C corp) in the United States (Georgia) and have 10 million authorized shares. We understand that we need to issue ourselves shares before issuing other people/investors shares. Should we, from the outset, issue ourselves 51% of all authorized shares at par value? Or should we we issue ourselves a lesser amount (proportional to those outstanding shares, ensuring our control/majority) and create an option for us to purchase shares at par value as we go along? In addition to this, can we continuously issue ourselves shares at par value, while simultaneously issuing shares to third parties/investors at a higher value than par value (or a real valuation/market value)? I'd appreciate any feedback. thanks. [link] [comments]  |
| Posted: 10 Jan 2018 01:14 PM PST I have a small I.T. consultancy. I have gone to a client's residence and repaired their PCs, or Network. I am A+ certified and have 10+ of real world experience. I've made a huge impression on about 5 clients that I haven't spoken to. I haven't spoken to them in quite some time +6 months. I'm very tall and personable so they often give me the impression that they want to continue business with me. My question to you is, this is the New Year. I'd assume that this would be a good time to start back up again aka shake those trees. Asking something along thing lines "Hey I wanted to ask to see if everything is running over there" (over the phone). How would I word it? Or how would YOU word it? I mostly want to do something of a sit-down and then I can try to negotiate something else. Is this inappropriate? Are these dead connections that could hurt me by contacting them? Thank you so much for your time [link] [comments]  |
| Posted: 10 Jan 2018 12:06 PM PST hey im launching a product soon and we figured we would crowdfund it and everyone backing it would just get the product (so like pre order) whats the best site to do this? i've been looking at crowd supply but i had never heard of them before or kickstarter but they charge like 5 percent plus transaction fees, but pretty much every other website seems much worse. i think that this is a big area of startups but havent found a good guide to it yet. if you have informational materials that would also be great [link] [comments]  |
| Angellist accelerator application timelines. Posted: 10 Jan 2018 09:51 AM PST I'm a lifetime entrepreneur, but a this is my first time raising through investors or dealing with accelerators and incubators. I applied to 20 startup accelerators through angellist and I'm wondering how long before I hear back? Have any of you gone this route before? Do they tell you if you made it past initial cuts, or is no news good news for something like this? Do any of you have past experience with this? Also, have any of you gone the syndicate route on angellist instead? Is it as simple as it sounds? Thanks [link] [comments]  |
| [need advice] Raising for the first time. Do investors care if the startup is run by 1 founder? Posted: 10 Jan 2018 07:52 AM PST Thanks in-advance!
Q: Do Angel/Early-Stage Investors care if the startup is run by 1 Founder (I heard this is a huge turn-off)? [link] [comments]  |
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