Startups Creating a startup - Viable idea to actual business. So many quesitons |
- Creating a startup - Viable idea to actual business. So many quesitons
- Get a day job or double down?
- Is there such thing as legally owning user's contents on our platform?
- Hottest tech and startup scenes in Gulf States? What's the environment/ culture like?
- Letting a co-founder go...
- Best information to bring to potential investors?
- Loan terms for bootstrapped startup?
- Suggestions on how to build MVP within heavily regulated industry - gambling
- New App/Website Question
| Creating a startup - Viable idea to actual business. So many quesitons Posted: 02 Dec 2018 11:46 PM PST I'm thinking of taking a break from a rather profitable career to make a startup. Likely I would have to leave my company to do this. I'm trying to organize all of the questions that I have on the topic, but there's a lot to nail down. For the initial business plan, how do you estimate revenue for something that doesn't exist? How do you ask for Friends and Family money when you have no idea of what the revenue will be or when it will happen How do you avoid software engineers stealing your idea? For further funding rounds before you have revenue, how do you possibly value the company? Anyone gone down this path and have any ideas? [link] [comments]  |
| Posted: 02 Dec 2018 12:46 PM PST Hey guys. A while back i started a digital agency, which is a fancy way of saying i do tech stuff for people as a service. Right now im at around 120k revenue, ~60-75k profit. But im only really working 2 days a week on average. Should i double down and put the profits into adwords to get more clients and try to make this more full time, or just get a day job (~$80k), and do my agency work at night, waiting for referalls to grow. I could also go back to school to finish my CS degree, but i really dont want to do that, and tbh, i dont see it helping me make money. Thoughts? [link] [comments]  |
| Is there such thing as legally owning user's contents on our platform? Posted: 03 Dec 2018 02:13 AM PST Hi all, we're building a platform for modern travel experiences and local entertainment activities, something similar to Airbnb Experiences but targeting at a different niche and market. We've been working hard to inspire and onboard cool/indie experience hosts on our platform. We've had some success on getting them in and making them happy; however, as we're gaining traction, we're facing a problem with having some normal tour services and providers copying our contents and put our hard-earned contacts and activities on their platform. Our activities are user-generated so I don't know if we can say they're proprietary. Is there such thing as legally owning my user's contents even though we're an open platform where people can register as a host and add an activity on there? Can I have a term that says one's activity is owned by us and can't be used elsewhere once posted? How much depth could I get down to in regards to this? [link] [comments]  |
| Hottest tech and startup scenes in Gulf States? What's the environment/ culture like? Posted: 02 Dec 2018 05:18 PM PST What benefits and obstacles do startups face in the Gulfstates. Looking to target the Gulfstates market for business. Excited to meet collaborators in the region. I understand the laws are pretty strict and harsh, so how can I hustle without fear? What's it like in Kuwait specifically? I know if I can target KSA market correctly, all the other regional states will essentially be the same if not more liberal, and thus more easy to sell. My business will target women specifically for aesthetics in beauty and clothing. How can I talk to them on the ground and do market research? Thanks [link] [comments]  |
| Posted: 02 Dec 2018 09:36 PM PST This has been very heavy on my heart but it appears to me today that I will have to let a cofounder go... this sounds rather pathetic but we haven't worked in this project for more than a month but he kept demanding more equity after we agreed on it. I want someone who would be motivated by the problem and get rewarded with wealth, not the other way around. I thought long and hard about this and I think since it's still very early (we haven't even incorporated yet...) I have to let him go. I know he's still trying to convince me but I can't have someone on my team who cares more about the equity than the mission. I want to do this in a gracious way and to make him feel okay afterwards. Money has all been mine, he didn't put down anything but a few hours here and there. How do I communicate to him this news tomorrow? Really need you guys wisdom! [link] [comments]  |
| Best information to bring to potential investors? Posted: 02 Dec 2018 04:37 PM PST |
| Loan terms for bootstrapped startup? Posted: 02 Dec 2018 10:58 AM PST Hi, My partner and I are bootstrapping our C Corp tech startup as far as we can. We hope to take it to MVP, but at the least will complete a working prototype prior to raising outside funding. We will be putting a significant amount of money (to us) into the biz. Our lawyer has advised us to do this in the form of loans to the business. I'm wondering what kind of loan terms you guys use or have seen for lending money to your startup? Eventually once we start turning a profit we would pay ourselves back. We played with the idea of putting in 0% loans, but later realized since we are putting in a decent amount of money, it makes sense to collect some interest on it especially if we take outside equity based investment down the road. Thanks for any help and guidance! [link] [comments]  |
| Suggestions on how to build MVP within heavily regulated industry - gambling Posted: 02 Dec 2018 12:04 PM PST Hi all, I've been fond of public affairs, current events and politics for as long as I can recall. I'd like to essentially build the equivalent of FanDuel but for public affairs, using a simplified version of the Brier scoring system and allowing people to play for real cash. The Good Judgment project does something similar, but for free. It's something I have been trying out with people in my network, friends of mine who are into politics, without real money and just playing for fun or small prizes ( like an invitation on my podcast, or like 10$ mcdonald's gift cards). I've gotten decent engagement, but I have barely any coding skills and my excel file to manage the scores is very, very basic. The problem I have moving forward with a paying experience is that gambling is strictly regulated. It'd be easy to do so with some money by opening a company on the Isle of Mann - like most poker websites - but since I don't have 50K to put on lawyer fees just to try it out, I wanted to see if anyone would have ideas on how to test waters. Cheers! [link] [comments]  |
| Posted: 02 Dec 2018 03:16 AM PST Hi Guys, I'm looking to have an application built on Android & IOS. Let's say it would have simular features to Deliveroo. However I want the overall functionality of the App to be the same as on our future website. As in payment/functions/messaging/bookings/product lists and a few other things. In order for this to happen, does the App and Website need to be built off from the same backbone platform? Or can/should the App be built separately from the Website? E.g. Website on WordPress and App on Appery.io? I understand that 3rd party services like Stripe and say calender/schedulers can just be plugged in and synced with both. It's just the main site/app functionality that I want to be sure syncs and works in harmony with each other. Any feedback on best practices is appreciated. Links to sites with relevant explanations is also appreciated! [link] [comments]  |
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