Startups Raising a $250K pre-seed round |
- Raising a $250K pre-seed round
- Can we talk a little about MoviePass?
- Looking to create VR startup for education. Not sure where to start.
- Looking for ideas on how to replicate Silicon Valley in Mexico.
- Best major (or combination of)
- Where to go after failed startup? (x-post /r/careerguidance)
- Template Legal Documents
- Abandoning my co-founder
- Need help defining partnership
- Where can i start selling my software? advice.
- Social Anxiety app and content, what should be my business model?
| Raising a $250K pre-seed round Posted: 31 Jul 2018 11:51 PM PDT There are 2 co-founders and the round will most likely involve 3-5 investors to raise the entire $250K. The co-founders want to preserve their equity much as possible, and wouldn't want the 3-5 investors to result in a large % that significantly dilutes the equity of the co-founders. What can and should be done to make this happen, while still being able to propose a deal that is appealing enough to the investors? What type of investment should be used? I've heard of all these different terms with convertible notes, SAFE, KISS, etc... which seems like the right one for what I am referring to? It would be great if it could also allow for the round to close quickly, in less than 90 days. Thank you! [link] [comments]  |
| Can we talk a little about MoviePass? Posted: 31 Jul 2018 05:08 AM PDT Clearly, MoviePass has fallen on hard times. While it's easy to sit back and armchair this service to death, I am still confused at how it took off with such a flawed revenue model. It seems like they were very obviously taking investor money and handing it out to millions of users. What am I missing here? Can someone with more insight shed light on this? I offer a few other points for discussion:
What do you all think? EDIT: As of today, MoviePass announced they're upping their price to $15 a month. [link] [comments]  |
| Looking to create VR startup for education. Not sure where to start. Posted: 31 Jul 2018 01:35 PM PDT So it's been a goal of mine for a while to create educational content for the classroom. Not just class lessons in VR, but actual field footage. That gives a much more in depth lesson. Learning about the Amazon? How about you go on a hike in the rainforest, or ride in a boat down the river? Learning about the pyramids? How about a virtual tour of them instead. I believe strongly that this has incredible potential to increase learning retention. Things are much more likely to stick with you if you feel involved with the content. The potential to connect people with experiences is also not limited to the classroom and can be used in business as well. This is my goal. I'm looking for direction on how to start making this dream a reality. I'm looking for any help I can get to make progress towards a real product. [link] [comments]  |
| Looking for ideas on how to replicate Silicon Valley in Mexico. Posted: 31 Jul 2018 10:37 AM PDT Hello, I am looking for big ideas on how to replicate a Silicon Valley echo system in a big country like Mexico with a young population of more than 120 Million and enjoys a great proximity with more than 30 million Mexican Americans that live in the USA and send more than US$30 billion in remittances each year. We have very good Software Developers that graduate from College but so far there are not Startups that could eventually become "Unicorns". The system seems to be broken as big Mexican companies are not interested in innovation; but I am looking for the basics that make Silicon Valley the best place to start a new Technology company. I would appreciate your insights. Also some ideas from other Countries such as China, India, Israel and Korea are also welcome! Thank you! [link] [comments]  |
| Best major (or combination of) Posted: 31 Jul 2018 04:10 PM PDT I want to work in the startup/tech market. But I don't want to major in CS or EG. I want to major in business. What would be the best option for me, what major/minor is going to give me the background and necessary skills? I'm definitely not sure about my desired career but here is what I'm considering: -Business major with emphasis on Information Systems. -Business major with computer science minor. -Business major with emphasis on finance/marketing and computer science minor. *Down to develop any necessary skills trough online certificates, etc. *If you could suggest skills and extracurriculars I should focus on that would be amazing. *MBA depending on what university I end up graduating from and change of plans. Any suggestions or other options will be greatly appreciated because I don't have anyone to guide me with this stuff. [link] [comments]  |
| Where to go after failed startup? (x-post /r/careerguidance) Posted: 31 Jul 2018 10:22 AM PDT (Throwaway since I'm still winding down my current company). For the last 4 years I've been the founder and CEO of an online startup. We received angel funding, and were able to operate for 4 years, but haven't achieved the growth/targets we had hoped for, and are in the process of shutting down. My co-founders and I work well together, but have had to skip paychecks for the past couple months and are all short enough on cash that we need to get jobs ASAP. My co-founders (CMO and CTO) have seemingly marketable skills, but as CEO my skills are more general. I had some success, and was able to run a company of 30 people at least somewhat competently. I have general skills in every department of the company, but am not an "expert" in any one field. I've read a lot of blogs on what startup CEO's should do after a failed startup, but it seems like everyone else fails in a much different way than I have. Everyone says to take time off, go on a vacation, write a book, start something else, etc. etc. All that sounds great, but I have a family to support, less than $3k in the bank (I used all my savings to cover payroll a few weeks ago, which in hindsight was pretty stupid) and live in a very expensive city in CA. Experience-wise I have a JD/MBA from a Northern CA school, but started this company soon after graduation, so don't have much other useful work experience. I know, not a ton of useful information as I'm trying to remain somewhat vague given the circumstances, but any suggestions/advice? [link] [comments]  |
| Posted: 31 Jul 2018 05:23 PM PDT Im considering going down the route of using services to create legal document such as NDA, Non-Compete, Confidentiality, EULA etc additionally I want to use the same service to create the Corporations By-Laws. Something like the shareholder agreement or anything of a similar relation will probably be done through a lawyer. Has anyone else done this with success, what should I be aware of? Some background, the company is SaaS, I am the only director and only founder. I have two employees both of which are receiving equity. [link] [comments]  |
| Posted: 31 Jul 2018 06:20 AM PDT Am I a bad person for abandoning my cofounder ? We are both student and inexperienced . The project was really important to us we are both passionate about it . Now my friend never make research about start-up entrepreneurship she just keep talking about when we'll make it . When we'll get successful or about ideas that are not doable now like « we should do partnership with X » when we don't even have a products she don't know anything about raising funds VC's and refuse to learn ( she say I'll make research I'll make research and still ask dumb questions) but she keep saying she wants to do it but she never bring any solution just talking about ideas . I want to start the website with the help of my dad who is a programmer but I feel bad for leaving her behind as she has always be here for me . I don't think she has any good qualities that would make her a good entrepreneur seriously ( she is not creative outside of unrealistic ideas , not curious , not a problem solver , indecisive, she never initiate anything . I have my list of imperfection to but I am actievly working on identifying them and get rid of them ( ex : fear of failure , brainstorming to much , procrastinating) but I can see myself leaving it behind me bc I am able to recognize it and accept criticism without taking it personally. Per exemple one day I told her that I didn't find her curious enough and she took it personally. But I like her she is one of my best friend . Now I spoke to her about stopping to talk about idea and to help me to create the website and a viable business plan bc talking will bring us nowhere she sayed that I was right that she still wants to be a part of the project and that she will change she guilted trip me sometimes into « I am sure you gonna leave me and do it with someone else» . The thing is yes I want to do it with or without her I don't need anyone to keep me passionate about entrepreneurship . She is only 19 soon 20 ( I am older 22) so maybe I am to harsh. I want to believe her but how do you know you want to be an entrepreneur when you don't even know what is it about ? Should I go and find another cofounder or work with her ? Does any of you ever had an experience like this ? Sorry for the typo ( I am from Europe) [link] [comments]  |
| Need help defining partnership Posted: 31 Jul 2018 06:41 AM PDT Hi reddit, I have a business situation to define and I need your help. Here is the story. Two of my friends and I have started a software development company, and we have been working on it as a side projects for 2 years now. We are all experiences and good developers. I have taken a role of CEO and I do software development - two other are working on software development. We all have equal share (33%) in the company and all is working out good, I find that we are pulling equal amount of work and generally very happy with way things are going. Nine months ago, friend of mine, lets call him Mike, who has very successful furniture company came to us to build supply chain management software for him. He has been struggling to find solution for his business needs since all the products do not meet his vision and way things should be organized. He wanted one software to rule them all and to follow full supply process end-to-end. We took the job and production ready MVP has been deployed a month ago. We are all very satisfied with the way software has turned out and we want to continue to sell it. Mike has shown software to some of his clients and they want it, like bad. We want to create product out of it and now time has come to formulate partnership between four of us and to be honest I do not know where to start. Couple of things you need to know. Software will need changes to accommodate more customers, it will need to be rewritten. Lot of parts and experience will be used but major overhaul is needed to accommodate architecture to serve many clients. We will not be able to provision many clients, we would start with one more client and than gradually increase number of clients as software gets better. First client will need 3 months development, we are hoping each next one will be 1 month of work. Other work like formulating pricing, customer supports, infrastructure jobs will need to follow as well. It is looking very promising but lot of work is ahead of us. Now I am left with a plan to create fair business partnership and I need help. Part that is worrying me is division of labor for next two years. Mike is man behind product, it was his idea and his experience in supply chain management defined the product. That product has been delivered and it is successfully used by his company. Also that product has been fair priced (since we are friends) and he has got his money's worth. Like previously mentioned product will need to change to accommodate new customers so it is far from being complete for the next phase. Mike will sell that product for us and I am not sure what else he could do for it. We would be doing everything else. Billing, customer support, infrastructure, development, hiring etc. and that is the reason I need help. My first instinct was to give 25% to Mike but more that I think about it - I find that is a bad idea. Mike will sell software, help with future improvements and general branding of software but I cannot find other responsibilities that we can give him. Specially because he is running his own company and most of his attention will be directed there. I want Mike to be part of this product but I am worried if I find that in the end of the year I worked 5-10x more than of one my partners I will not be happy no matter how much money I earn. What is good partnership deal for these situations? [link] [comments]  |
| Where can i start selling my software? advice. Posted: 31 Jul 2018 10:01 AM PDT Hello! I'm not sure if this subreddit is the right place for this question but i will ask anyway. I'm not a native english speaker so i apologise in advance. A couple of months ago i develop a full management software for an hospital, which have a User-level: manager, pharmacist, nurse, accountant and general administration. the software have this features: -Full Patient Records -Full Invoice system( you can specify the type of patient: Ambulatory(for 1 day invoice) and hospitalization(if the patient stays for more than 1 day, the account will go directly to statement of account) - Accounts receivable connected to the invoice system -Statement of account connected to the invoice system will show you the total number of invoice avaible for the patient and the total amount it allows you to pay for the total amount or make a partial payment. -Invetory/pharmacy: well as every other normal inventory it shows the product description, the minimum quanty allowed and existance quanty, it also allows to transfer from the main warehouse to small warehouse. -egress: it allows to register every payment, spending or investment that the hospital made. -check: it let you print check -accounts payable: connected to egress report: to see the earnings per year, months, week, day, etc. also for insight of the most sell product or earning information per patient, etc... I'm not sure where to start or should i call medtech business or try to go to other hospitals? i have the rights over the IP and is a full desktop application, i was planning to turn it into a web app for a SaaS service but i'm not sure, any advice is appreciated. [link] [comments]  |
| Social Anxiety app and content, what should be my business model? Posted: 31 Jul 2018 10:58 AM PDT So I have a social anxiety or maybe dating advice app that is not finished, "Get rid of crippling anxiety, fear and stomach butterflies in social situations for the rest of your life.This app will take you through a series of real life missions that will always be very ease to complete, but that nevertheless each mission will teach you a little bit. This way soon enough you will be completing advance missions that you would have find very difficult or impossible to do when you started. Soon everyday social interactions will be child's play compared to your training." "Voice: You will attain control over your voice. Home Earth: In any place you go you will feel the same way you feel in your own home: comfortable and safe. Detachment: During this thread you will prove to your brain that your wellbeing isn't dependant on any one person nor on any one interaction with anyone. You will stop placing importance in the short-term. Aproach: When you're done with this thread, you''ll have the ability to approach and starting conversation with people you want to meet. Crowds: This ability will facilitate all the other modules that require being observed by other people." you can learn about it here: (removed link) Or here: (removed link) And I have a lot of content but only in my mind for a lot of videos/posts/game-exercises, maybe even a ebook. But that content is not yet produced, and it would take me many months to actually have it done. So how can I start making money? Mi idea is maybe start doing something like coaching. So I have a facebook group set up and I would have to get people in it and help them personally via chat and maybe they would donate to my patreon. That is kind of my idea but I don't know. Also if coaching is a good business model then what would be a good way of getting the clientes? do I advertise? do I go to forums and talk to them? Or maybe I should finish some content and just sell it, finish the app or an ebook. But as I said that takes soooo long. I have already been trying things without success for a long time, I think I should be doing something that is faster with more immediate feedback instead of finishing the thing first. Or maybe other options, I don't know. What do you think? Help. Thanks. [link] [comments]  |
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