Startups Equity vs Salary |
- Equity vs Salary
- BE STUBBORN AND BELIEVE IN YOURSELF!
- Our startup has had some immediate success in year 1. I'm a cofounder but not the CEO, we are about to raise $2 mill and have a question on asking for a raise (before or after).
- Where to base a virtual office?
- How much more validation do I need?
- Which growth hacks went successful for your startup(s)?
- Should I offer to sell t-shirt for local business for free?
- Posting to social media during lulls in activity?
- Spinning out from incubator
- Seed Round To ICO
- Question to startup marketers: it's possible to make retargeting from my Medium articles?
| Posted: 04 Jan 2018 01:18 PM PST So I'm a co-founder of a recently established startup, along with 2 other co-founders. One of them just quit her job to dedicate herself full-time to the startup, whereas the other cofounder and I have full-time jobs and will be taking the startup as a part-time thing. My question is: how does this affect the equity breakdown? We plan on giving the full-time cofounder a monthly salary but we haven't discussed equity breakdown yet. Is there a formula that works to determine the equity? Or if we are all co-founders should it remain split evenly? [link] [comments]  |
| BE STUBBORN AND BELIEVE IN YOURSELF! Posted: 05 Jan 2018 01:31 AM PST Hey guys I wanted to give a little tip when having an idea/dream. A couple of weeks ago I used to ask Reddit for tips on what to do with my money or opinions on ideas I had. I was 20 years old (still am) student with a daughter who still lived with his mother. Aside from getting a lot of great info, I've gotten many comments on how I messed up and my idea would fail and etc. Now I know it is good to listen to all criticism but I want to tell people that you must be stubborn and believe in yourself. Yeah it's cliche but trust me, that confidence is very needed when many voices are telling you otherwise. I asked reddit fam about a water company I want to start and ways to make money. From what others were saying it was a bad idea and that I need to stop trying to be a entrepreneur while I have a daughter living at my mothers house. The comments got to me for a lil but I went with my gut feeling and knew what path I had to take. Now 2-3 months later, Im still a student making enough money to move into a 2 bd apartment/condo. My main source of income is throwing weekly events and my "side hustle" is using drop-shipping thru ebay. I have a couple of meetings with companies who are interested in my beverage company (don't want to give too many detail on why kind it is) and they want to see where/how I want to take it. To make the long booooring story short, I want everybody to know that listen to what people have to say but if you know you can do it and actually apply to it, STAY STUBBORN and believe in yourself! My daughter is 8 months and I was a FT student with no job at my mom's house all embarrassed and stressed on how I am going to do it. Many might say it's luck on how things are starting to roll so fast but they do not know the effort and how many sleepless nights there were. BE SMART. BELIEVE. DON'T QUIT. Thanks guys! [link] [comments]  |
| Posted: 04 Jan 2018 10:37 PM PST The short is I'm curious if its better to ask for a raise before we raise this next round or after. We raised an initial million and have over half left but need to scale and the iron is hot. My thinking is its better for this to be on the books before officially distributing financials to VC firms but I could see an objection being we need to wait. Thing is I know I could get a raise (asking for 60k more) and as head of sales that is my primary focus, not as much on the financials. I can justify it this all day why and would rather not go into the details on that but more an understanding (at a high level) of generally if its better to ask before or after raising the next round, assuming its justified (which it is). [link] [comments]  |
| Where to base a virtual office? Posted: 04 Jan 2018 07:12 AM PST I've been contracting as a software developer for 6 months with great success. So far I've had 3 clients, all local to me and have come through referrals from friends and family. For 2018, I've decided to ramp up the business and look to employ some staff, essentially becoming a full-service agency for startups. At this point in time I am running the business from home in the UK. I live around 2 hours outside of London. I'm looking for a virtual office to give me a more professional looking address for the time being. The company which I plan to use offer virtual offices in multiple locations. I am torn whether to get an address local to where I am or whether to take one up in London. Predominantly I see most of my business coming from London, so it seems to make more sense to base the address there. Are there any downsides to doing so? EDIT: Thanks for all the feedback. It sounds like London-based is the way forward! [link] [comments]  |
| How much more validation do I need? Posted: 04 Jan 2018 07:39 PM PST I'm making a product for a certain niche. I fake sold one item just put up a landing page with mock ups of the product that looked real. And with the first 30 clicks on Facebook I sold one item. Basically just didn't charge the card just wanted to see if this niche would buy. Should I go ahead and end up ordering an moq of the product or should I run a kickstarter and run more ads to the kickstarter? Before I order the moq or do the kickstarter I want to get some samples from the 3 manufacturers I've been talking with though. Should I run a kickstarter? Run more ads to further validate the product? Or stop running ads and work on towards a launch date either on kickstarter or elsewhere? [link] [comments]  |
| Which growth hacks went successful for your startup(s)? Posted: 04 Jan 2018 02:10 AM PST Hello all, I have been researching about which hacks go best for startups and which did not. So for that I thought I should ask entrepreneurs or startup founders about "what or which growth hack went successful for them?" Let`s say: For acquisition, you have tried a new social-media and channel and it worked for you. So I not only want to know about "what" the hack was but I also want to know "how" and "why" it worked for you. I would appreciate if you also mention at what stage your startup was before applying that hack. [link] [comments]  |
| Should I offer to sell t-shirt for local business for free? Posted: 04 Jan 2018 08:28 AM PST I recently started a clothing (hats, shirts, hoodies) line that is "hometown culture" themed - meaning all the designs are specific to our town or general area of Sandusky, Ohio. I'd like to highlight some of the great, growing local businesses. I currently only sell shirts online and I use a dropship service so I don't have to buy any stock upfront. I'm thinking of offering to create designs themed for specific local business and selling their shirts online at no cost to them. They would have input on the design but ultimately I would create it to be consistent my brand. My question is, should I offer these business a percentage of the profits or is the offer of "free advertising" enough? I don't want to be a dick about it and I'm totally fine with offering a percentage of sales. I'm just wondering how I should go about setting up partnerships like this. Thanks for any input! [link] [comments]  |
| Posting to social media during lulls in activity? Posted: 04 Jan 2018 05:45 AM PST My company revolves around heavy rain and flooding and as such we are most active on social media during those times. We got lots of traction when we do but after that there's a slow drop off of posts, followers and interaction with our account. We sometimes share weather and flood related articles but there are only so many to go around and I don't want to share a million articles every week, that's pretty boring. Are there any ideas out there for keeping interaction up during the slow periods? We try to make the account fun and not too dry. [link] [comments]  |
| Posted: 04 Jan 2018 09:51 AM PST Hi all, I am currently working as part of a prototyping team for an incubator. The project I am on is about to spin out as a separate company and, having an important role in the project, have been given the option to spin out. I liked working on the project for about 10 months but not so sure this is what I would like to do for the next few years. However I would be in a position, as a co-founder, to greatly influence the development of the product which is in the A.I. space. The product is still in early stages and still needs work if it is going to bring in any money. There are also some risks on the data sources it is using which is uncertain if they will be resolved in the short term. The starting investment from the incubator is only enough for a runway of about 6 months before further investment needs to come in. In addition the CEO is new and not one I have worked with in the past at all. Overall it feels riskier than normal.. What would be your criteria for spinning out ? The advantage of me staying in the incubator is that I can work on other, perhaps more interesting projects. Should I worry that I will not be given a chance like this again ? Will it be beneficial to somehow negotiate split my time 50/50, incubator/startup - but will that allow me to keep any equity ? Or just staight up decline joining and let someone else new come on board in my place ? Thank you for your input ! [link] [comments]  |
| Posted: 04 Jan 2018 03:41 AM PST Hi there everyone, I am looking for some help in regards to doing an ICO and managing the seed round to fund the ICO. What do you think are the best strategies to manage raising a seed round purely to fund the ICO? We are asking for $X as our seed round. And have been offered $X for 49% equity to be converted to 50% discount at time of token sale. What are the advantages of this ? Disadvantages ? Concerns ? Or better suggestions ? Does it not damage our token sale at a later point ? How would you design a token equivalent convertible note ? Transparency is key. [link] [comments]  |
| Question to startup marketers: it's possible to make retargeting from my Medium articles? Posted: 04 Jan 2018 06:28 AM PST We have a pretty active Medium blog for iOS developers (6-month old). Articles are coming weekly from us or guest writers. For now, we're fully satisfied with Medium (even if it potentially has a lover conversion to product users than own blog). As a startup, we try to move fast and making our own blog will definitely take time (we're super slow with front-end). I'm curious if there are any other options to make the most from Medium articles? Maybe it is possible to make retargeting from my own Medium articles? Like all people who "clapped"(liked) my articles on Medium will see adds over Facebook\Twitter? I have no idea if such option exists at all. I'll really appreciate your advice! [link] [comments]  |
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