Startups We launched 2 weeks ago and have just hit $700 in monthly revenue. Right now is the perfect time for a quick cash influx - what should we do? |
- We launched 2 weeks ago and have just hit $700 in monthly revenue. Right now is the perfect time for a quick cash influx - what should we do?
- Startup tools for all. [List]
- Would you like to get your fundraising pitch deck reviewed from a VC investor perspective?
- Name for board shorts company
- Getting "unfair" options
- Stuck...
- Join a startup or start my own
- Sanity check: What assets to provide front end and back end devs?
- (help) how to create the initial budget / estimate for a new project
| Posted: 29 Apr 2018 10:41 AM PDT I launched a business recently in a competitive space, but with a product that's better than anything else in the industry. Without a ton of marketing, we've gotten to around $700 in MRR already. We're not profitable yet, however the cash flow is modelled in a way that we'll be profitable at around the 250-user mark (we're at around 30 right now). In the long run I want to build this myself without venture capital, but right now a quick $100-$200k seed investment would immediately give us the influx we needed to become a sustainable business. So, I need your suggestions: do we continue to just slowly grow ourselves, haemorrhaging a thousand or 2 a month until profitability? Do I take time away from the business to focus on early-stage accelerators? Are we too early to look for investment? EDIT: For those asking, my startup is Uselio [link] [comments]  |
| Posted: 30 Apr 2018 01:21 AM PDT Hey all, I'm creating a mega list of tech, tools, languages, etc to use for startup creation. I've always wanted to have one big resource where I can go without having to worry about ads, people pushing their own products etc. Something I can push to friends or recommend to all. I'll be building a big list and moderating items, so if you want to take anything from this to learn, or contribute the link is editable. https://docs.google.com/spreadsheets/d/1SaHHaMsv6gbqIfB9UJ_c5bQBKR7cMNqxYgdGyuuDYQ0/edit#gid=0 [link] [comments]  |
| Would you like to get your fundraising pitch deck reviewed from a VC investor perspective? Posted: 29 Apr 2018 11:49 PM PDT LOOKING TO RAISE FUNDS FOR YOUR BUSINESS? I can assist individuals raising money for their business/startup (looking for potential personal investment opportunities as well)! During my 5+ years of experience in Venture Capital, Investment Banking and Private Equity I have reviewed, advised and invested into numerous ventures from startup's to established companies looking for growth equity across a wide range of industries. I want to use that knowledge to assist others during their fund raising process - if you need assistance check out my Fiverr - search for dubaimb For the basic review package it will be a review of your story line, structure, layout and any possible information that is missing. Following that I will look at the detailed content and formatting. You will receive a word document outlining my thoughts and suggestions from a Venture Capital Investor perspective. Confidentiality is of upmost importance to me and your information will never be shared and deleted upon completion of the work! [link] [comments]  |
| Posted: 30 Apr 2018 01:37 AM PDT My friend and I are starting a Hawaii based company that sells board shorts. We have been spending some taking making designs and talking to manufactures to get samples but we have yet to come up with a good name that we both like. If you had any suggestions that would be great we want something that could relate to the ocean or surfing but also doesn't have too. Volcom, Billabong, Vissla, and Hurley are all good names and so we're just trying to go for something memorable and creative. Thanks for the help! [link] [comments]  |
| Posted: 29 Apr 2018 11:08 AM PDT Hi all, I work at a startup which is getting a "handsome" second round of funding, and will hopefully have an IPO or be purchased by a larger company. Employees were just given options. By my official position, I am at the bottle of the totem pole within the company (as far as technical employees), but I basically built our entire product. Everyone at the company knows it, from my peers to the CEO, who even said in front of the company that my signature was on everything. Options were just handed out and mine reflect my official position, which is very low, but not my true role within the company. I'm pretty upset about the whole thing because I turned down other work to stay in this position because things were going well and I was counting on getting a good options package. Do I have any recourse? Any advice for how I should approach the CEO to increase my options package/position/pay? It is a small high-tech/biotech company, and I don't think the company will expand for now so "promotions" are awkward or unlikely. [link] [comments]  |
| Posted: 29 Apr 2018 04:06 AM PDT I have an idea for a software platform that I have been validating. In that, I mean people are interested and say they would definately use the service. I literally went to the source so these are serious people about using this app/website. However, its not product but a service that would use the info of another company. An API would be necessary. I have absolutely no experience in website design and startups but really believe in this idea and want to take it further but have no clue where to go because its not something I can start making a prototype for and start selling. Now I have no clue where to start. Start making the website and hope they approve the api use? Get other investors? Thanks. Edit: thanks everyone for encouragement and ideas/ help!! They are what will keep me working away! I can't wait for this journey and I will be sure to keep this subreddit updated as I go along. Feel free to keep posting, more comments the better. Im sure one day some of you will use this service if I can grt it up and running at all. [link] [comments]  |
| Join a startup or start my own Posted: 29 Apr 2018 10:25 AM PDT Hi, i currently have a real hard descission to make. Some days ago I was approached in university by a business student. I study Computer Science and have some development projects under my belt. So Im experienced in Fullstack Development. He is currently looking for developers. I really love his idea and it could become really big. (no its not a facebook or social type of thing). There would be another developer who has finished university. I have one half year left of college (its free in my country). So I have to decide wether I will join the team and get equity(I believe 30% have to talk about it) and do university on the side. If I dont join i can focus on my own projects and university and launch my own startup after university, but i really like his idea. So what are other points I have to think about to make a descission? Sincerely [link] [comments]  |
| Sanity check: What assets to provide front end and back end devs? Posted: 29 Apr 2018 12:16 PM PDT I'm a back-end developer / product guy / architect by trade, but am making my first foray into launching a mobile platform. This subreddit has been a great inspiration to me thus far. My focus is on the product, marketing, and biz dev side with this project, and I want to farm out the actual dev work, despite my background, as I work a lot and don't have the bandwidth to handle all facets. Because my experience lies in web apps and enterprise software and not consumer-facing mobile platforms, I need a sanity check on how to handle this. First off, my intent is to find two developers two handle the project - one to build a cross-platform front-end in React Native (the app will only need camera and GPS access from a hardware perspective) and another dev to build out the back-end services with Node, hosted on Lambda or EC2 (still working through architecture). I'm able to pay, so will likely use TopTal or some other site vs offering equity, unless I find a co-founder with a complimentary skill set. Here's what I intend to provide - is this sufficient? Front-end dev: - High-level pen and paper sketches of screens (UI is not a competency of mine, but UX is) - Flowchart of screen transitions / event triggers - Mock endpoints for all events - Deployment preference (e.g. Expo) Back-End dev: - Authentication requirements - Hosting preference (Lambda/EC2) - Database structure - Request and response definitions for all endpoints I intend to use a lightweight product like Trello to manage tasks. Re: the above lists: Is this too much? Too little? Any gaps? This is my first foray into designing a mobile app and want to set myself up for success as far as possible. Thanks! [link] [comments]  |
| (help) how to create the initial budget / estimate for a new project Posted: 29 Apr 2018 11:20 AM PDT Hi, Some friends and me are starting a new project and we need to create a budget for our investors. The project is basically to create a digital newspaper for Android and iOS. We have knowledge in software design and software development, but we are not confident about how to create a good budget --we have outlined the general steps to follow in the development of the project from the beginning until end, but we need to evaluate risks, deadlines... Is there any good guide online that could help us to create the budget? Any tips or examples? [link] [comments]  |
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