Startups Unsure on how to start my apparel company |
- Unsure on how to start my apparel company
- Accelerators That Charge Fee Over Equity+Cash?
- Question about splitting company up into separate companies.
- How to reach out to big companies to sell my invention?
- Extending an Advisory term
- Startup employee with self owned laptop - depreciation
- Start a business in Canada while living in Europe
- Start up Crypto Fund
- A prescription drug service similar to priceline
- Does hiring Full stack developer helps to save the cost or it myth?
| Unsure on how to start my apparel company Posted: 25 Sep 2018 08:21 PM PDT So I'm starting an eCommerce apparel company that makes minimalist, clean, and modern looking shirts and such. This is my first company and I don't have much money at all. My two options I have in mind currently are A) Buy inventory of all the shirts and risk not selling enough to pay off the inventory B) Set up pre orders in the website and do that for a month to see how many orders I actually get, then purchase all the inventory. Any recommendations? I'm really struggling in this decision. [link] [comments]  |
| Accelerators That Charge Fee Over Equity+Cash? Posted: 25 Sep 2018 12:13 PM PDT Hey everyone! I'm currently working with a CVC and we have employee-incubated startups. Rather than just listening to in-house voices we're looking to partner with an external accelerator/incubator group to help nurture the startups with an objective voice. I know this model sounds pretty unconventional, but does anyone have leads on any leading players in this space? I've seen TechCode, Ignite's Pre-Accelerator program, and niche programs like REach. Perhaps this is more of a startup consultancy than incubator. Kind of a weird situation since so much of the value is tied to the small % chance that a startup succeeds, making the portfolio effort worth it and thus giving startups a good deal upfront. Figured, hey, never hurts to ask right? Hahaha. [link] [comments]  |
| Question about splitting company up into separate companies. Posted: 25 Sep 2018 12:47 PM PDT This is a little bit of a tough situation to explain so bear with me and i'll answer any questions the best I can. Our (the original founder and myself) company uses a machine learning model to do a lot of complex things - specifically, thousands of play-by-play simulations for each game - in the backend that eventually spit out daily player and game performance projections that are used for daily fantasy sports and sports betting. Our projections are very accurate and we started getting a buzz in MLB analytics departments so we started working on a couple of front-end tools for analytics departments to use and made some really strong headway with teams and working on partnerships. This is where my question comes in, teams seem to be wary about our involvement in the sports betting world (rightfully so). Even though our betting tools and professionals tools use the same backend processes, should we do something like forming a parent company, then separating the fantasy/betting side from the professional tools side and house them under that parent? They would both have different company names, etc.. just to make teams feel at ease about working with us? Another reason I think this would be helpful is if at some point, someone wants to acquire one part of our business, but not the other. Thoughts? [link] [comments]  |
| How to reach out to big companies to sell my invention? Posted: 25 Sep 2018 03:48 AM PDT |
| Posted: 25 Sep 2018 07:51 AM PDT The CEO of one of the startups I'm advising came back to me with a request to extend my advisory term for another quarter as we're evaluating the horizon. His proposal would add equity proportional to my former monthly vesting schedule for the additional months of work. The proposal sounds reasonable, and the proposed work would be ongoing advice for strategy and hiring. They're currently at a pretty important season where they need to focus on X and Y, only have staffing and budget to work on X at the moment. Y falls more under my interest/expertise and I'd like to do a bit of digging to put together a prototype on their existing technology. The problem is, that will take more time than an advisor should reasonably do and starts creeping on consultation and my rates would probably be too much for the company to afford given their immediate budgeting decision. I could continue to advise on X, but my main interest in continuing work is to see Y happen. I'd say X and Y are equally important, but Y is a potential game-changer. Do you have any recommendations on what to bring to this discussion? Without Y, I'd probably want to focus my time on other activities; but they might be set back on accomplishing X. The CEO would like to revisit the Y discussion perhaps after this interim period, but he might not be able to prioritize it without seeing a prototype. Ultimately X, Y, or Z are the CEO's decision, not mine, but I'd like to see the company (and me) profit from Y. Thanks in advance. [link] [comments]  |
| Startup employee with self owned laptop - depreciation Posted: 25 Sep 2018 05:05 AM PDT I started at a startup roughly a year ago and the company was very young and lacked funding. The founder wanted someone with their own laptop which was fine at the time, however the company has now had funding and I am still using my own device and has seen it depreciate over the course of the year (battery use, travel wear and tear). Just wondering what is the best strategy to earn that loss over time on my device? Has anyone been through a similar situation and how to approach the conversation delicately. [link] [comments]  |
| Start a business in Canada while living in Europe Posted: 25 Sep 2018 11:45 AM PDT I'm a Canadian citizen currently living in Europe long term. I want to open an online clothes shop and have everything thought off, except registering the business. I want to sell in Canada and have my business operate as a Canadian one. However, I'm not sure how to open a business from abroad and don't know if that's even possible. How do I file taxes? Do I owe taxes to the country I'm currently residing on? This is very confusing and I don't know where to start. I'd appreciate your help on this matter. Thanks! [link] [comments]  |
| Posted: 25 Sep 2018 02:29 PM PDT I'm looking at starting up a crypto fund in Canada. It will mostly be myself, friends and family as the original investors but I will plan on expanding quickly from there. I'm trying to figure out the best structure to go with. Should I just incorporate and sell equity? If I did this, I could also issue preferred shares to create leverage for the common. (I focus on arbitrage so having more capital can be very beneficial). Incorporation seems easiest in my mind. I would take a salary equal to my management fee. The fund would pay taxes (income I guess if its from arbitrage, and then some capital gains) and investors would only pay taxes on dividends received and selling shares. I would like to ensure the shares are liquid, meaning the fund could easily issue more or buy them back. Not sure how easy it is to constantly issue and buyback shares (I would probably allow new investments and redemption just once a month). Or should I go the LP route. I don't have a good grasp on how to do this and how the taxes work. Again, I'd like the ability to take on leverage and not sure how this would work. I guess another option is an ICO but also not sure how to pull it off and how it would work. I guess it would be a similar to incorporating. I'd assume both structures have the same restrictions on selling securities. I know on various stock exchanges there are investment corporations similar to my first idea and then there are funds outside of the exchanges that are LP's. I guess, my question really is, what are some of the pros and cons of incorporating versus starting an LP? And what route, in your opinion, do you think I should take. [link] [comments]  |
| A prescription drug service similar to priceline Posted: 25 Sep 2018 04:19 AM PDT Thanks for reading this. I am a pharmacist with a little side project I am working on. The idea is an application that connects prescribers (doctors, nurse practitioners, etc) and patients to use a patient's insurance to find the best option for them in terms of prescription drugs. One of the biggest problems with prescription drugs is the lack of communication between all the entities that affect patient care. Your doctor prescribes a particular drug regimen, but your insurance is structured to only accept certain medications (for various reasons), yet none of this is known to the provider or patient until the prescription gets to the pharmacy So, basically this application would streamline the process to find pricing and eligibility information before the prescription is created. A doctor would create a prescription, then if it's not covered, have resources to send an "appeal" to the insurer to get it covered, or have a list of alternatives that are covered now. Next, they can send the prescription to the pharmacy, or have it "queue" in the app and the patient can access it to search how much it may cost at various pharmacies (compare insured vs cash price...sometimes cash wins) and then send it to a pharmacy of their choosing. I have a large portion of this mapped out and almost ready for a MVP to be developed. I am curious as to what my next steps should be in terms of finding and reaching an audience, dangers to avoid since I have a non-tech background, and best ways to find people/developers to help out. Appreciate any and all feedback. Thank you. [link] [comments]  |
| Does hiring Full stack developer helps to save the cost or it myth? Posted: 25 Sep 2018 04:16 AM PDT Hi! I am in dilemma to hire the developer for my idea. Should I hire 2 developers, one for Front end and one for the Back-end. OR Should I hire only 1 full stack developer ? In startups you can afford to hire for the one skill, you need a person who solves the multiple tasks.i.e You need a person who can work with HTML/CSS and Angular and can communicate with Database also rather hiring only HTML developer. For Enterprise companies like Twitter, Facebook, Google they should have independent Front End developer, UX team, Server side team, Database team, etc. So they often hire the specialist who has expertise in one specific skill. Any suggestion? [link] [comments]  |
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