Startups [Day 0] Zero to MVP in 30 Days — Let's start |
- [Day 0] Zero to MVP in 30 Days — Let's start
- How to appear credible to the press?
- Stripe chargeback %? What's within acceptable range?
- Am I being scammed or is this a legit escrow service?
- PR Newswire yay or nay?
- How much data is too much? Is there such thing? RE: Apps
- How to get effective feedback from customers?
- Why are Shopify stores viable?
- Why would a founder not invest his own money into his venture?
- Need help figuring out how to incorporate a weird company
| [Day 0] Zero to MVP in 30 Days — Let's start Posted: 02 Feb 2018 09:26 AM PST I've decided to do my next thing and become a million dollar business. Not, really but trying. :) About a month ago I had an idea for a project. I believe that the idea is worth exploring, so I will try to validate it and find my potential target audience. Why this log here? I found 2 other Entrepreneurs that did this and they had some good results. Also, I am a fan of Gary Vaynerchuk and as Gary always says, document not create. Matthew Odette and Emil Bruckner had started a series called "Zero to MVP in 30 Days", and I'll simply copy them because I really like the concept. Day 0 is here to define my goals. Check out Matthew's and Emil's Day 0 to get inspiration on medium (just google it).
My "goals"
How will the next days look like? Just like the 2 other guys that they log their journey and many other folks doing daily logs/vlogs, I'll end them with some metrics/results reflecting the work of the day and the next thing on my to-do list. I would like to be as transparent as possible and inspire others to just start doing things. I do not know if this product/website will be successful but I want to try and improve my personal skills (coding, marketing, content creation and writing) Day 1 Day 1 will be about how I came up with the idea and pitching it to friends and family to get their honest opinion. Additionally, I would talk about the software stack I am going to use, target audience, marketing strategy and content marketing through channels like Medium, Quorra and Reddit. P.S. English is not my native language, sorry for any selling and grammar mistakes. I believe the information has more value than some mistakes in the writing. [link] [comments]  |
| How to appear credible to the press? Posted: 02 Feb 2018 07:17 PM PST Let's say you just built a new website. You are about to launch a truly unique feature that has never been seen before in your market. You want to pitch the press on it, maybe offer an exclusive to the most popular journalist in your industry. The problem is, you have no real credibility. You have not received ANY press coverage so far. You have no venture capital funding. As far as the journalist is concerned, you are just a 20 year old with a laptop slaving away at a project built with bandaids (which is true). Let's assume the feature you are pitching is truly a unique feature that the market has never seen before, which people would really appreciate when they see it. Getting traction is definitely the key here - a lot of traffic to your website is a sign of credibility. Is there anything else a little startup can do to appear credible, even if it's artificial credibility? [link] [comments]  |
| Stripe chargeback %? What's within acceptable range? Posted: 02 Feb 2018 12:08 PM PST Hi guys So after 361 successful payments, we've finally run into our first fraudulent charge. It's my fault because Radar did tell me it's high risk but seeing how all the tests passed (CVC, even Zip Code), I chose to accept the charge. Now I have a dispute % of 0.28%, which I am a little uncomfortable with and hope that won't rise any time soon. I've read online that anything below 1% is generally considered good, but in this day and age with better protection, has the standard gone down a little more? How high is this number allowed to become? Thanks [link] [comments]  |
| Am I being scammed or is this a legit escrow service? Posted: 02 Feb 2018 08:53 AM PST So I recently acquired a domain through an auction for a startup I'm working on, and it was a little pricey (X,XXX range) but I really liked it and it feels really brandable. Someone made an offer to buy that domain from me for $25,000 that I bought for my business, and has set up the escrow through https://escrowdomains.com/ and I've been able to find out very little and 0 reviews of this service online. Just trying to make sure I'm not being taken for a ride. I really like the name, but I can find another cool / brandable domain with the profits and have plenty left over to help with sales. Also, is it common for the buyer to select the escrow? Thanks in advance! [link] [comments]  |
| Posted: 02 Feb 2018 07:38 PM PST We've been preparing for the public launch of our product and naturally the topic press releases came up. One of the first websites we found that looked promising was PR Newswire, but to be honest something doesn't look right with this service. They do not write the actual press release and claim to submit to over a thousand media outlets. We've seen the releases mainly go out through Yahoo Finance and nothing really outside of that. Can anyone share their experience using this service? Anything better? [link] [comments]  |
| How much data is too much? Is there such thing? RE: Apps Posted: 02 Feb 2018 08:29 AM PST I found some interesting ideas in this article, and am interested to hear what other people think about measuring and collecting app data. The article (which had wisdom from the Houseparty app's data and analytics expert) talked about creating engaging, personalized experiences by being data driven. He said his team measures every tap, even if they don't use the data. I'm wondering, what do other people think about measuring every single touch point in an app? Do you think it's overkill? Or a necessary 'insurance policy' as the article outlines? What are the benefits? [link] [comments]  |
| How to get effective feedback from customers? Posted: 02 Feb 2018 06:37 PM PST Currently, I'm basically asking the following questions whenever they use my app or new feature for the first time.
I'm not sure this is ideal for getting useful information from customers that I can take action on. What can I do to improve this..? I also have another problem. I need to find more beta testers but I'm running out of avenues (on Reddit). Where can I find beta testers? [link] [comments]  |
| Why are Shopify stores viable? Posted: 02 Feb 2018 05:05 PM PST I'm asking this with a completely open mind and purely out of curiosity based on my own, and the online purchases of those around me. However, I find that my friends and I never purchase anything from a site that's either not Amazon or established brands (ex hm, nike, zara). If I wanted to purchase miscellaneous things, I would go straight to Amazon. Do people really purchase things from random sites linked from places such as Facebook? Unless they're selling all private label, why would people risk buying from a random website when they can find the same product on Amazon? [link] [comments]  |
| Why would a founder not invest his own money into his venture? Posted: 02 Feb 2018 12:30 PM PST I saw in the example of Quora that the team of founders looked for VC funding even when they could invest their own money into it. And in later rounds one of the founder, Adam D Anglo invested $50 million into the venture. Why would the founders not invest themselves early on? [link] [comments]  |
| Need help figuring out how to incorporate a weird company Posted: 02 Feb 2018 09:14 AM PST I'm considering working with an engineering group that has spun out a number of businesses before, with mixed results (one or two positive, and some notably poor results) due in part to initial incorporation issues around the spin out. Their usual model is to incubate a company, give them access to the IP they've generated over the past decade, and then figure out IP split and ownership split when it's time to spin out. Word on the street with investors I've talked to is they take too much equity and IP can get messy, and the companies end up hobbled when they seek further investment. They're good people, they know they've made mistakes that have endangered their spinouts, and are willing to work with me to set up an incorporation structure from the beginning that doesn't repeat prior mistakes. They're offering me the ability to step into an existing set of contracts (that pay for 3 people to further develop some of their tech for the next year), access to their space which includes a lot of useful manufacturing equipment, access to a LOT of well developed IP that includes both design and fabrication resources, but no monetary investment. I would have free reign to take the company where I want, including licensing the IP, making end products, creating services around it, etc. They just don't want it sitting on a shelf, unused. So, my question to you all is, given those initial conditions, what would you recommend the incorporation structure be? I've been mainly focused on making sure the IP is transferred cleanly in a way that can revert to them if I'm not using it, and trying to figure out what a reasonable equity chunk is for the contracts, access to space, etc. My take is that these guys are flexible and understanding and want to work together, I just have to come up with a cohesive vision and rationale. Thanks for the help! [link] [comments]  |
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