Startups Share your startup - March 2018 |
- Share your startup - March 2018
- I'm a full time Sr Engineer, well paid, but I feel like I have a higher calling
- How useful is an MBA with startups?
- Few good general advises on going from starting to growing phase..
- When to shift from “build” mode to “growth” mode?
- List of startup “time to success” anywhere online?
- Subscription Box business model question
- General partnership question
- Which is the right time to register your TradeMark?
- What are the most important things you need to concentrate on while doing marketing for your startup?
- Does anyone have experience in startups that deal with high infrastructure costs or custom manufacturing lines?
- Building a startup with no money, no experience and little skills. Need some tips.
- When to incorporate, before or after MVP?
- Even possible to develop semi-advanced site on a budget?
- Building a team without funding?
- Science AMA Series: I’m Steve Gardner, CEO of RowAnalytics. I develop tools to find relationships across massive amounts of data (mostly HealthSci but not exclusively) and use A.I. machine learning to do the heavy lifting for me. AMA!
| Share your startup - March 2018 Posted: 01 Mar 2018 03:08 AM PST Tell us about your startup! /r/startups wants to hear what you're working on! Contest mode is on, so remember to select 'Show All' to see all the replies. If you don't see your post, you probably need to load more comments at the bottom. Also, all posts are sorted randomly, so the sort function doesn't seem to work.
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| I'm a full time Sr Engineer, well paid, but I feel like I have a higher calling Posted: 01 Mar 2018 06:11 PM PST I want to paraphrase. I'm an Engineer, I know several very wealthy people personally. They like me as a person, and are aware of my skillset plus passion. I have this idea where there is absolutely no market nor competition for in my area. I'm confident I can get one of my investor friends to provide me with a seed. However this is difficult. I have no-one to bounce ideas off of. I also work a regular 9-5, so this is going to be tough. The company I'm currently at is experiencing rapid growth, and the people are very intelligent. I enjoy working with them -- we think alike. At the same time, an employee will take decades to make millions if at all. So it's a tough choice. Has anyone been in this position before? How did you deal with it? 3/2 Edit: I posted an update! Let me know your thoughts, please. [link] [comments]  |
| How useful is an MBA with startups? Posted: 01 Mar 2018 08:13 AM PST Can you honestly get just as good of an education online with your own research than you would being instructed by professionals? If so, how would one even go about it? I'm not even sure what I begin to google, because I feel like with startups it's a lot different than more established companies. Of course my parents want me to take the traditional route, but I can't help but feel like within 10 years it won't account for much especially compared to the prices. Anyway, thanks for your insight. I'm really glad I have found this sub. [link] [comments]  |
| Few good general advises on going from starting to growing phase.. Posted: 01 Mar 2018 09:44 PM PST https://www.slideshare.net/DavidSkok/zero-to-50m-87260406 It looks like lot of slides, but slides are mostly one liners Summary: Raise funding when you've repeatable model. Investors look at happiness of current customers in addition to revenue. Investors want hockey stick, so optimize until it's not a flat growth Tricks to optimize Hire sales fast When scaling dont be cringy Optimize sales process Common mistakes:
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| When to shift from “build” mode to “growth” mode? Posted: 02 Mar 2018 12:38 AM PST My co-founder and I have been working on our startup full time since June last year. I'm a designer / developer / our "marketing person" and he's a developer. We launched our MVP in August, and at the moment we have ~50 paying customers. We haven't spent much on marketing. Instead we've been focusing on building features and creating happy customers, although we have a bit of a churn problem right now with a certain type of customer canceling our product when their project ends. We're self-funded and can afford to continue for a couple of years. However we'd like to get to profitability sooner than that, and every paying customer lengthens the runway slightly. My co-founder thinks we're squarely in the "build" phase, and should mostly ignore marketing and customer acquisition, focusing instead on getting feedback, building the product, and creating stickier features. I agree, however I am anxious about ignoring customer acquisition completely. Getting new customers is also highly motivating for us. It boosts our morale. I'm not very good at marketing, but I get the sense the "marketing engine" takes a long time to start up, so I've been spending time on our website performance and content to improve our search ranking, and this month, we're running our first AdWords campaign. Spending time on acquiring customers is obviously important, but it comes at the cost of us not focusing as much as on the product itself during this "build" phase. So, do we focus completely on product improvements, ignoring customer growth (possibly even launching a free plan to get more user feedback), or, do we continue doing a mix: building our product and trying to grow our paying customer base at the same time? [link] [comments]  |
| List of startup “time to success” anywhere online? Posted: 01 Mar 2018 11:52 PM PST My co-founder and quit our jobs last June to work on our startup full time. We're bootstrapped and are not seeking investment. Without any employees or much money to spend on customer acquisition, some days and weeks are really tough. For instance, last month we had a few customers cancel and we didn't get many new ones, so our net customer growth wasn't great. The product has only been out for a few months but it often feels like we're moving two steps forward and one step back. I think we're doing pretty well considering it's just the two of us, but it's hard to maintain a wider perspective when you're in the weeds day-to-day. Everyone keeps telling me startups take at least 1-2 years to gain real traction, and we are prepared to work on this for a few years. I'd be really interested to see a list of how long it took successful startups now to find traction initially, and, in general, a discussion of what "traction" is, in your opinion. [link] [comments]  |
| Subscription Box business model question Posted: 01 Mar 2018 05:18 PM PST If your subscription box is something that is learned in a specific order or sequential nature. Ex. A beginner's writing kit, illustration kit, programming kit, etc. (Fpcuses on learning a skill) For new subscribers are you sending them a box with pre-requisite contents that you sent as a pilot box to all first customers OR are you sending them whatever your current month's theme is? Example: 1st Crate ever- Beginner's programming book, simple programming excersises, DIY programming robot etc 2nd Crate - More advanced book, more in depth excersises, more technical info etc. Say you've been running this subscription model for 9 months and your boxes follow a learning structure for every month that follows. Say you just got 5 new subscribers on your 9th month of being in Business. Are those 5 subscribers now going to get the current month's theme or are you going to send them what you did to your first subscribers from 8 months ago? (Keep them lagging behind) ? I know the question seems confusing and I may be making a incorrect assumption from the beginning but I'd like to hear what you guys think of this problem. Thanks [link] [comments]  |
| Posted: 01 Mar 2018 07:33 PM PST I'm Looking to form a partnership with a colleague. We are starting a website that will generate some revenue, at least that is the goal. We live in 2 different states (MD and CA), my question is does it matter which state we register this partnership in? MD has cheaper income taxes, but I believe this is irrelevant as a partnership is pass-through entity on to the partners. Is there anything else I should know about this process? We will sign some legal agreements between the two of us, but would love any feedback from anyone here who has done this. [link] [comments]  |
| Which is the right time to register your TradeMark? Posted: 01 Mar 2018 07:14 AM PST Currently our team is preparing a kikstarter campain for a book which we are developing by ourselves. Now we are starting to research the TradeMark register process and we have found that the cost of it will be more than all other activities done for the product. Initially, the idea was to register the book name as a TradeMark in both EU and USA before the campaign and after the Kikstarter campaign is finished to register it all over the world. But it will be too expensive for us even to register only in EU and USA. Can you give us any related advice? What is your opinion? Is it mandatory to register the book name before the Kickstarter campaign? [link] [comments]  |
| Posted: 01 Mar 2018 06:58 PM PST We are developing a fintech startup and my background is in Finance. Because of lack of human power, I had to take over the Marketing part of the business. I am finding it a little challenging to grow the users fast. Maybe marketing is actually a slow game and you work on it and build up slowly over time? Actually, I am not quite sure about it. So what I am doing is that I am writing blogs related to our product, creating content and posting on different social media such as FB, Twitter, Instagram etc. It seems to me that marketing is all about creativity and you have to come up with top quality content that's valuable to your target audience and you always need to keep up with that. So I have two questions:
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| Posted: 01 Mar 2018 12:37 PM PST I am happy to dive deeper into details if needed, but my questions surrounds the different between startups dealing with high infrastructure costs vs your more typical SaaS or fintech startup. I am not saying that isn't an issue that other companies run into, but we are in the process of building out a custom manufacturing line for a newly emerging industry in and around Agtech. Unfortunately to really prove the line out at a large scale, the capital expenditure is rather high. My questions surrounds fundraising and when is it appropriate to raise a series A - milestones and key metrics needed. I am happy to answer any questions. Thanks for your time! [link] [comments]  |
| Building a startup with no money, no experience and little skills. Need some tips. Posted: 01 Mar 2018 04:46 AM PST Good day everyone so you might think that I am very crazy to even say I am planning to build a startup with that situation in mind. So before you judge me let me tell you my story. First I graduated in March 2017 with Bachelor in Education major in Social Studies. All my financial needs are provided by my parents. When it comes to technology and business I have only a handful of skills up in my sleeves. I tried learning Javascript programming but did not improve very well since I was focusing on my studies. I study a little about business that is why I am here right now at r/startups. I love technology especially when it comes to Software and Artificial Intelligence. Since 1st year college I been studying programming but with little progress and also I am bad at Math so it is one of the hindrance to me. Also I am not a native English speaker nor fluent with it. I live in the Philippines and in my situation where I don't have a job yet I don't even have a credit card. During my study and my On The Job training I discovered that there are plenty of SaaS that are needed by the teachers but not yet provided. Sometimes I am quite frustrated because some of the SaaS that I need for teaching are not yet available. SaaS that can ease up the work of a teacher would be good since they are willing to spend some money just to make their job less stressful. So after I graduate in College I plan to start a SaaS that I can sell to teachers but the things that are critical in building a startup to me are the things that I don't have and it is quite depressing. For now I am looking for a job as a Teacher but I wish I could start my dream to have my own startup even just the small parts. When I look at Google for some tips and the first answer is HOW I STARTED MY SAAS WITH $40k only. Damn I don't even have 1 dollar. I know I can't start my planned startup given my situation but atleast I can start a little something. Right now I don't have any idea what are those LITTLE SOMETHINGS that I can start. So with my situation what do you think are the things that I can possibly achieve so I can somehow build my startup little by little? (If you spot some grammatical errors please spare me since I am just learning the English language) [link] [comments]  |
| When to incorporate, before or after MVP? Posted: 01 Mar 2018 12:16 PM PST TLDR; When did you incorporate, before or after you released your MVP in the wilds? Did this decision cost you or save you so far? Details: For those who have released a bootstrap MVP out to the world, are you already incorporated? If not, when did you incorporate? How do you come to terms with the legal aspect in terms of user agreements, privacy policies, and such for liability or "ip" protection? I would like to see whether there are others out there who have released an MVP without incorporating and if they've had any "legal" consequences from doing so. Appreciate sharing your insight and experience! [link] [comments]  |
| Even possible to develop semi-advanced site on a budget? Posted: 01 Mar 2018 04:06 AM PST The service, I plan to provide, is rooted in its website. Having no prior web-development experience myself and a shortage of funds, I started out with a purchased theme. I realize that far more work needed to go into this website, but all webdesigners, I come into contact with, seem kinda sub-par and can't show real previous work. My experience with local web development companies haven't been much better; the previous start-up, I was involved in, paid 20k usd for a basic webshop with 4 products and 6 links to youtube videos. Turned out, the work was done by an intern, fresh out of trade school. Anybody with the same problems or suggestions on how to proceed? [link] [comments]  |
| Building a team without funding? Posted: 01 Mar 2018 12:30 PM PST What are some ways to do this.. can you promise future pay, we can't pay you yet, but we will pay you this much for amount of time you have worked as soon as we get first funding round? can you give shares with required buy back option at whatever value of company is in the future, when company wants to get shares back? can you hire an agency with equity? What are some ways someone got mvp built or product if they didn't have funding, own cash, or programming skills (or enough) to get their product built. Given there mvp does require skills and can't be just a video or landing page. Would love to hear about actual products, or your own experiences. [link] [comments]  |
| Posted: 01 Mar 2018 08:56 AM PST |
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