Startups Why do some startups do this? Don't call an early startup opportunity an "unpaid internship". |
- Why do some startups do this? Don't call an early startup opportunity an "unpaid internship".
- Seting up and running a business with the absolute minimum necessary knowledge about the product / service, just by hiring the right people and being street smart about regulations?
- How did you encourage people to run a technical startup with you without being engineers?
- What are a list of good reasons to receive funding VS trying to plow through a project as a one-man team?
- Do I want an LLC or a DBA for my, soon to be, business?
- I'm new to Reddit and would like to get some advice/feedback
- Yo. Looking for advice about acquiring initial beta users
| Why do some startups do this? Don't call an early startup opportunity an "unpaid internship". Posted: 04 Feb 2018 05:23 PM PST I found this flyer from a startup about an unpaid internship, giving preference to junior and senior students. A longer text description (not in the flyer) contains statements like: "Payment will come in the potential form of equity/ownership.", " and "create patentable software for specific products and contribute significantly to online sales". These are my major concerns:
If the company is a success, that founder will make bank. The unpaid "intern" on the other hand will be left poorer than they were when they started working for free. They will have to pay taxes on those shares. I'm just tired of startup founders who break labor laws in this manner in order to bait naive students. Just call it for what it is, an work opportunity to be at the front of an early startup. [link] [comments]  |
| Posted: 04 Feb 2018 12:49 PM PST I've heard of people who can't code own super profitable websites, people who don't smoke own top cigarette companies. And they weren't even mere shareholders - they actually set up those companies from scratch starting off as sole proprietors. An analogy would be a chef and the taster boss who doesn't know how to cook (though in this case, the owner still knows about the product):The chef is also a good taster and is so good at cooking that he can cook anything you tell him to cook, but he lacks creativity. So, the taster boss is creative (idea implementer?), knows what the majority wants (past research) and also know how to taste so the boss puts in the money, takes the risk, instructs the chef to cook what he wants him to cook and great dishes and profit are made. (In the following case, the owner knows less about the product)Say you want to buy shares, you don't know programming, you don't know how their trading softwares work, you don't know accounting, you don't know who's in that brokerage firm, but you know which shares you want to buy and you know regulations. You know which regulatory bodies are responsible for which areas and that the brokerage firms should be registered at so and so bodies and go through a clearing house, and should have insurance, etc. You don't know a lot about how these brokerage firms and softwares work behind the scenes, but you know who's watching who, and you know who will take care of who when shit hits the fan. You know enough. So, knowing these you can be safe from theft and scam because you let the right people/organizations do the right job for you instead of auditing everything and doing all the research alone. What about when you want to run a tech business like building and running a website that has, let's say, user interaction when you don't know all those coding and you want to outsource the coders?How do you make sure you're not being screwed over? (For example, the programmer can just put a line of code that logs the user names and passwords of your users on your website and send the information to his email or server or whatever... RIP). Same with apks. How can the non-coder owner know the apk does not have malicious code in it? (You can of course learn from the coder by asking him questions sitting by him while he's coding for you if he was physically with you, but what about the remote coders whom you outsourced?) You hire a supervisor/manager? What if that supervisor/manager is conspiring with the coder? How do you actually cross check? What kind of incentives? Who watches who? Game theory? Laws are useful in non-corrupt countries but still if the tech savvy offender thinks he can get away with it, he'd still do it despite the law. And this is even worse in countries with corrupt systems where no one cares about the law. How do you prevent / at least minimize the risks of all these? Edit: I've studied some business administration that had HRM and Finance, but still it didn't answer the questions. [link] [comments]  |
| How did you encourage people to run a technical startup with you without being engineers? Posted: 05 Feb 2018 01:33 AM PST Suppose, that I have the idea and project of a billion-dollar startup based on financial and payment systems. Unfortunately, I'm not a progarmist / engineer - how to encourage programmers to cooperate with me and then convince investors to invest? It's not that I do not know anything about IT at all, but in the case of programming my knowledge is limited to beginners guide. Besides, I can call myself a geek: I read a lot of technology blogs as child did not watch cartoons but popular science programs about physics, space and artificial intelligence I want to say that I know "intuitively" more specific IT issues, and unfortunately this project requires the best specialists. Yesterday, at the local reddit counterpart in my country, I described what the situation was and asked if anyone could just give me some general advice in more technical matters, project scales, so that I know where I stand, because I want to know as much as I can before I turn to investors. The reaction was that I was called and everyone accused me of probably wanting to sit down and be a president and command others to program. I really did everything I could do to date, analyzes, perspectives, plans, detailed product design currently finishes animations and graphics (I have this type of skills), which have better picture my vision, but I would like to take another step forward and run into the wall. Was anyone in a similar situation? I forgot to add that I can not immediately present the whole plan to the first better person because someone can just steal my project. [link] [comments]  |
| Posted: 04 Feb 2018 07:13 PM PST What is a list of good reasons to receive funding VS trying to plow through a project as a one-man team? Zently, a neat app I was just looking at in the App Store that lets you split your rent, received $1.6 million in funding for its release. Markus Persson scaled Minecraft, an app that's obviously an order of magnitude more complex than Zently, as a one-man team. Couldn't a single guy on Mountain Dew and Adderall have coded the entire back-end for Zently without breaking a sweat? Besides paying for server space, why would you need $1,600,000 to write such a simple app? Do you really need to pay an entire team of coders to write a rent-splitting app? Edit: what is a list*** sorry can't grammar today [link] [comments]  |
| Do I want an LLC or a DBA for my, soon to be, business? Posted: 04 Feb 2018 07:51 PM PST Im hoping this is the correct sub for this question( I am. very new to all of this)..I will be starting a coffee roasting business within the next month or so and will be needing either a DBA or an LLC. My business will be owned and operated by me. I have no employees and I am located in southern Louisiana (if that matters). I will be selling my coffee/coffee products online, locally and to/through other small businesses in my area. There will hopefully be expansion in the future meaning hiring employees. Whats the best option for me? DBA or LLC and why? [link] [comments]  |
| I'm new to Reddit and would like to get some advice/feedback Posted: 04 Feb 2018 07:53 AM PST What would you do if you feel that is is still too early to start marketing, but you really want to get some beta testers and users to give you feedbacks and learn from their use of the app? We built a social platform (app and web), the app is still lean and in BETA stage and we are now looking for FEEDBACKS on how to make it more awesome for our users Basically, we don't wanna start marketing the app until we see that our users keep using it and getting the right value from it. So we thought of using Reddit and other social platforms for getting feedbacks and beta users. it is not our first app/startup so we believe that to pay for downloads are not the right way (at least for now) since we aim to build a viral product Note: due to time differences, I might be sleeping when you are commenting, so hang on tight and I will reply ASAP :) [link] [comments]  |
| Yo. Looking for advice about acquiring initial beta users Posted: 04 Feb 2018 07:39 AM PST We recently uploaded our new app. We basically built a social platform for group photo sharing. Now, we didn't officially launch yet, we want to add a few hundred users a week to test their use and make a few iterations before we launch and start marketing. What would you suggest as the best ways to get to users on a low budget? Or, what do you think is the best way to start your growth? Thx Note: due to time differences, I might be sleeping when you are commenting, so hang on tight and I will reply ASAP :) [link] [comments]  |
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