Startups How do you evaluate co-founders when forming a startup? |
- How do you evaluate co-founders when forming a startup?
- B2B or B2C? Which is best
- Is ESOPS a good idea to accept?
- Do I have to have a co-founder?
- Anyone else attending StartCon Sydney 2018?
- Seeking advice on where to incorporate - Delaware? Ireland? Estonia?
- Customer Advisory Board: How many shares?
- Looking for New City/Market Launch Playbooks
- Seeking seed capital from equity partner. Where to look?
| How do you evaluate co-founders when forming a startup? Posted: 20 Nov 2018 07:41 PM PST Specifically, I want to know how you do you evaluate your company's needs, and figure out what you/your current team are able to do effectively and where you need to hire someone to do the job well. I would love to hear about this as detailed as I can get it. If there's a specific process you follow, or a set of questions you ask, it will all be helpful for me! PS: I understand that this question is vague in that I didn't provide any context about what I'm doing. That is because I do want as many perspectives on this as I can get. Thanks in advance! [link] [comments]  |
| Posted: 20 Nov 2018 08:07 PM PST My team and I are just about done the first version of our product which is a website that categorizes Twitter and finds the best tweets from each category, every day (kind of making Twitter more like Reddit). My intention is to make it a B2B product but I think it has the potential to do well as a B2C product as well. If we launch it as a B2B product I believe that there would be four main types of customers interested in our product. The customers are: Instagram influencers/meme pages: It is very common for Instagram accounts to repost relevant viral tweets, but sourcing these tweets can be challenging and time-consuming. A tool like our site would help them. We have tested our product with about 40 Instagram accounts and they really like the product, however, we have not charged them yet (about 70% have said they would pay). News organizations: Companies whose business is to stay on top of what is happening in the world (everyone from CNN - niche e-mail newsletters). Again, we have the same value prop - we help them find better tweets more quickly. Social media agencies: Help them find interesting content for their clients. PR agencies: Help them stay up-to-date with many different industries. We are planning on charging $9.99/month for access to one category on our site and $99/month for access to all of the categories. This is the case for the B2B product. That said I also feel that this product has the potential to be a really interesting B2C product. It would help people experience the best parts of Twitter that interest them most. If we went the B2C route I think the business model that would make the most sense is a limited version of the app that is free and has ads and then a $9.99/month subscription that gives users full access to the app. Would love to hear peoples thoughts on whether they think B2B or B2C would be best for my product. Thanks! Jacob [link] [comments]  |
| Is ESOPS a good idea to accept? Posted: 20 Nov 2018 10:26 PM PST The startup I've been working at, has been in the ed-tech space for the last 3 years. They didn't raise any round of funding yet, they've been running it with bootstrapped money. Its been 18months here. Instead of a hike, they offered to give me an ESOP (not STAKE) which matures after 2-3 years. My pay is also quite nominal (considering im the sole fullstack dev). Its a very basic salary. They continue to say that ownership in the startup is much more rewarding than hike. Can someone please help me out with this? [link] [comments]  |
| Do I have to have a co-founder? Posted: 21 Nov 2018 12:47 AM PST 2 minds work better than one I understand that, however I frankly can't find someone as ambitious or skilled as me at what we need to do. Throughout the years I kept lowering my expectations and just decided to settle with a standard normal programmer and boy was it a mistake, we didn't share the same values. So after much thought and searching I decided it's best I start my business as a sole founder, is there something off with that? It's also because people with co-founders usually met them from work, university or a highly techy area. None of these variables apply to me, I kept getting fired so started my business (which thoroughly did well), took a useless degree with irrelevant people, and live in a desert (I live in Dubai) [link] [comments]  |
| Anyone else attending StartCon Sydney 2018? Posted: 21 Nov 2018 01:47 AM PST I have my tickets already (Got the early bird special). I will be pitching my own startup with my co-founder. FlexxiFit is its name for those wondering. It has been in the making for a couple of years now. We just need to get investment funds to help with signing up more clubs and marketing it to our users. Is there anyone else that will be attending as a startup, an investor or otherwise? The lineup for the convention seems to be fairly elite. Google, Atlassian, Slack, Snapchat an InVision plus more. I am fairly keen for it too :) [link] [comments]  |
| Seeking advice on where to incorporate - Delaware? Ireland? Estonia? Posted: 20 Nov 2018 02:29 AM PST My co-founder and I finally want to incorporate our startup! After months of product development we have secured our first customer and the time has come to incorporate. Our product is a collaborative mapping tool, so SaaS which we hope can attract customers globally. Both co-founders are currently based in Germany, one US and one EU citizen. Most of our network of potential customers is based in Europe, and our first client is a German research institute. We would greatly appreciate advice on where we ought to incorporate considering all factors, including tax, ease of conducting business especially in the EU, and simplicity. We have heard great things about Stripe Atlas in Delaware, but would founding in Delaware complicate doing business in the EU? Thank you! [link] [comments]  |
| Customer Advisory Board: How many shares? Posted: 20 Nov 2018 08:55 AM PST My co-founders and I are ready to start a customer advisory board. We've realized that we could use some outside expertise to supplement our blindspots when it comes to understanding our target customers. We heard that we're supposed to give our advisors shares in our company in return for their time. It also seems that it'll align their incentives with the goals of our company. We are open to giving shares, especially if it takes our company forward. The question we have is this: how many shares should we give? Or what should the value of the shares be? How do we prevent advisory board members from being free-riders? We would love to hear your personal experiences. Thank you in advance! [link] [comments]  |
| Looking for New City/Market Launch Playbooks Posted: 20 Nov 2018 09:56 AM PST Hey folks. I'm currently planning my startup's city launch strategy, and I'd love to find any sort of playbooks, plans, or overview of successful market launch strategies. What are approaches the best you've seen? What are the non-traditional activities that can jump-start a new city? We're a two-sided marketplace in the education space, but any sort of marketplace launch (i.e. demand & supply) would be super helpful. We've successfully launched in a major city but, living in the city where we started in makes it much easier to understand what works and what doesn't. Even if there aren't necessarily "playbooks", other interesting marketplace company stories are definitely welcome as well! [link] [comments]  |
| Seeking seed capital from equity partner. Where to look? Posted: 20 Nov 2018 03:56 AM PST Hi there, I have what I believe to be a good business idea, and I'm ready to launch on a small scale. However a mentor has advised me to hold off launching and instead seek out an investor to launch from a stronger position. I would be seeking between £100,000-£200,000 for an equity partner and the business would be UK or EU based. The business is in the herbal tea field and I believe there is a strong and rising demand for the niche and I also have reliable supply of high quality raw materials that few could match. I am personally sceptical that someone would want to invest before I've sold anything but apparently I'm wrong and there's plenty of people interested online. Thoughts? [link] [comments]  |
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