Startups Good points for a CoFounders agreement |
- Good points for a CoFounders agreement
- App MVP out soon, next steps?
- Advice or tips for purchasing an existing domain?
- Cofounder with wife (+ third person), but have been keeping marriage secret for fundraising purposes unless specifically asked. Need feedback on our decision.
- Has anybody here started a beverage startup?
- Getting started - Creating an EHRM
- I have a few friends whose startups I want to invest in. Options?
- What do you use funding for ?
| Good points for a CoFounders agreement Posted: 29 Jun 2018 12:54 PM PDT I was recently hired as a cofounder of an eCom company with 20% employment, 8.5% shares, no salary (until fully hired by the firm).Initially, they offered me a pretty bad contract which is discussed here. But then I renegotiated and they agreed to change the contract. I started researching and gathered some points which should be included in a cofounders agreement. I am sharing them here so others can also benefit from this. Please add stuff to this list if you think its necessary.
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| Posted: 29 Jun 2018 04:03 AM PDT Hey! So I've been working on a mobile app that's out on Aug 10th, as an MVP or 'beta' app before the full version to ensure we gain traction. We are starting the marketing campaigns tomorrow. Release day I'm showing 30,000 people at an event. Provided we gain the traction, where is the best place to look/gain contacts for funding the full version? I was watching a fantastic TED talks by Bill Gross where he was talking about the timing of new product releases, and I'm happy to say our timing probably couldn't be any better due to competitors messing around their users. I honestly feel we have a really good chance of becoming the next big thing, in the TED talks Bill says it's very easy for an underfunded company to gain the investments they need if they've got the traction.. however I have no idea where we could go to achieve this! Ideally the best result would be to get invested big time say ~£2.5m for ease and guarantee it'll work, however we can grind away and still hopefully achieve the same result, just over a longer period of time, with ~£300k. Any replies are appreciated, thanks for your time! [link] [comments]  |
| Advice or tips for purchasing an existing domain? Posted: 29 Jun 2018 05:32 PM PDT Hi, does anyone have advice or tips about purchasing a domain that someone is squatting without spending a fortune? We have companyname.co, but are interested in companyname.com. It's not a common word or anything, Googling companyname yields only references to our company, and the owner of companyname.com isn't using it for anything. Curious if anyone has purchased a .com domain before and if anyone has advice or tips for getting it without spending a lot. Leaving out the name because I've heard that more traffic to the squatted domain can cause them to raise prices. [link] [comments]  |
| Posted: 29 Jun 2018 02:19 AM PDT Before you jump to assumptions, here's the deal. We have a comprehensive prenup in place, different equity splits, and have always intended to separate our business from our personal lives/relationships as much as possible. Because that has worked out the best for us on all ends over 3 years already, and we know there is an unfair stigma against married couples in the eyes of investors. We've gone through the lowest of lows together already, and our personal relationship remains as strong as ever. Because we're so confident our marriage is not a negative factor in / is separate from our business for all intents and purposes and don't want to risk any potential investors thinking otherwise, we've decided to not disclose it—unless asked specifically about it. We don't want to approach an investor saying upfront that we're a married couple running a startup together (albeit with a third cofounder too). And we definitely don't want the whole world to know too. Nor do we want it to be part of our brand. Is this a reasonable & moral approach for us to take? We have the right to control our own privacy, especially if we truly believe it poses no legitimate risk to outside investors and the company & if disclosed upfront or made fully public, would bring harm to not just our company but also to our personal relationship, right? It's not like we would lie if asked. We just simply don't want to disclose it unnecessarily. Thoughts? [link] [comments]  |
| Has anybody here started a beverage startup? Posted: 29 Jun 2018 06:53 PM PDT I am creating a fermented beverage start up after one of my recent travels to South America. I know that there is a huge market for fermented beverages (non-alcoholic) and I have some funds now to start the business. This is something I really believe can take off as the kombucha/fermented tea is growing and will continue to do so exponentially. I'd like to place this drinks in stores in Colorado, initially, as I reside here. I really don't want to go through a copacker. Does anybody have an idea of where to start? [link] [comments]  |
| Getting started - Creating an EHRM Posted: 29 Jun 2018 03:49 PM PDT Hey everyone! I posted my long question below in r/learnprogramming but no one seemed to want to help. Hopefully I can get some assistance here - if this isn't the right place for this, please let me know where I can go. Thank you! I recently had a realization on one of my return trips to the hospital with my mother (she's doing fine now, thank you for wondering (if you were) :-)) that many hospitals or clinics/offices don't have real-time complete information on a given patient. An example would be a patient going into the ER, getting admitted, and then getting bombarded by questions, such as "when was the last time a doctor's visit was done," or "what was said three months ago at this office," or "what medication are you on, how often, dosage, etc." Often times, this can cause confusion in patients, and can prolong processes. I know there are already HRMs out there like Epic, Allscripts, and others that handle similar functions, but unfortunately many of these systems differ between hospitals and clinics. Some locations can talk to each other through the programs, others don't. I imagine this would be an HRM with similar feel of CRM, I would want to offer many different functions to hospital staff and patients. If I wanted to begin learning the programming side of this, front and back end, where would I begin? What languages would I look into? I know I can outsource this, but I want to spearhead this as much as I can. If outsourcing something like this, where could I go to begin? Any and all information will be appreciated! Thank you for your time! Edit: EHRM = Electronic Health Records Management (system) [link] [comments]  |
| I have a few friends whose startups I want to invest in. Options? Posted: 29 Jun 2018 06:38 AM PDT After some quick research, it looks like I'd only be able to invest: from CNBC this much To protect you from losing your life savings, there are other rules. Per FINRA and the SEC, if you have less than $107,000 in the bank, you can invest either $2,200 a year, or 5% of your income or net worth (whichever is lower). If both your annual income and your net worth are equal to or more than $107,000, then you can invest up to 10% of your annual income or net worth, whichever is lower. These were the rules Congress set up so that regular people without high net worths don't go all-in on one company. I was wondering if anyone has insight on ways to get around this so I can invest, like a handshake deal? I understand some of the ramifications of such a deal. Thanks. [link] [comments]  |
| Posted: 29 Jun 2018 04:09 AM PDT Hi guys, I'm building a SaaS and I'm fairly close to have a MVP and start marketing. Now, I'm currently employed full time, but if you ask me I'd rather be working full time on my project, as this is what I truly enjoy doing and, to be honest, I'm quite tired of what I'm doing now. Don't get me wrong, I didn't decide to build a startup because I didn't like my current job, it's more of a general feeling that I'm indeed acquiring skills and necessary experience, but I also believe that life is short and you should go on with what really matters to you. I'm currently bootstrapping as much as I can, which is great but at this pace I'll have to keep working at my full time job for years before I could be an entrepreneur full time. So, I'm starting to think that I should definitely seek investors and funding earlier than what I originally planned. My question is, when seeking funding, is it common practice to use (some of) this money to get yourself a salary so you can work full time without being homeless ? It seems to me that most of the time funding is used for marketing, product development and so on, but could I rationally expect an investor to fund me so I can hire myself full time ? By that I mean, I'd be doing the development, SEO, marketing, content creation and everything that revolves around the company. Would that be hurtful for the business to do so, rather than investing more money into marketing or hiring people more competent in their domain ? Apologies if there's an obvious answer to that, I'd just like clarification and, in summary, find a way to be working as a full time entrepreneur ASAP. Thanks in advance for your answers ! [link] [comments]  |
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