Startups Hiring programmers for your startup idea, how do I approach this? |
- Hiring programmers for your startup idea, how do I approach this?
- Need some advice
- Why most subscription businesses leave money on the table?
- What was your experience like when sourcing and negotiating with manufacturers?
- Startup is only 70-80% as good as the competition, do I launch?
- Wanting to Establish a Subcontracting Firm Abroad (PH to US)
- The Funding Ripple Effect
- Young guy here with a few issues, can't figure out what to do?
- I feel that my Startup is under a takeover
- 40 hours work week is enough to run a startup?
- Question about equity, need help.
| Hiring programmers for your startup idea, how do I approach this? Posted: 08 Dec 2018 07:30 AM PST Myself and my co-founder have been working in e-commerce and design for quite a while now, established a couple of businesses together, and we've been a pretty decent duo. Lately, we have been discussing non-stop about an idea for a startup, that we very firmly believe in, and we are ready to invest every penny we made in the past. We would like to get our idea to a somewhat working product before we apply for funding Since we are not that tech savvy when it comes to coding, our biggest concern is, how do we hire/find programmers who would either like to join us (another co-founder is a possibility), or hire him full time to work on the project. Programmers, coders, how would you like to be approached when it comes to such situations? TL;DR - We have a startup idea and a small budget, how do we find programmers for it? Edit: Budget is around $10k [link] [comments]  |
| Posted: 08 Dec 2018 10:14 PM PST Hey all, Just found this sub trying to find some advice. This story might be a little long so I'll put a tldr at the bottom. I am 6 weeks in to my first experience in a startup. Company is about a year old. Somewhat promising premise. I took a role coming from a b2b company in customer service as an opportunity to learn and be able to grow rapidly. Originally interviewed with the CEO about another company he founded that was already established. The role was a little above my experience and skillset but he liked me and asked me to consider a role at this other company he had recently started. It wasn't the bump in experience I was looking for but after interviewing with the COO It sounded promising. At the end of the day I would continue in a customer service role but I'd have the guidance of am experienced COO who knew I was looking to gain experience and a leadership role. Fast forward to my first day and I'm told the COO has moved on and the company has pivoted. I was given some of the details but not a ton. Now I will be working with the CEO and be in a more expanded role. Which is fine. It's what I wanted. I just thought I'd have some time to learn. First few weeks were tough but slowly I was getting the hang of things and seems like the ceo likes me. Now last week I found out the previous customer service person who was let go by the COO was making 13K more than I am. When I took the job I was hesitant because they couldn't pay much and said that the role was less intensive than what I applied for originally and that I would be given options in short order and performance bonuses. Now I tried to be understanding and just gave my bottom line salary. But now I find out that they were paying someone 13k more with less experience than I had. On top of that the COO was the one doing the higher level items and his focus was only on CS. So they had money to pay COO over 6 figures and this guy 13K more than I am currently making. Now that COO is gone I'm at my modest salary and not doing just a CS job. I have taken some of the duties of the COO and others. Along with essentially being on the exec team with the CEO, and another new hire making 20k more than me. The job is awesome. There are flaws but this is what I wanted. A leadership role with direct impact on the business. Being able to learn and all that. But I am very disappointed in my salary and know I need to say something at some point. I'm just not sure when or how. I was hired to do X job and now I'm doing X + y + z. TLDR: 6 weeks into my first job at startup and found out I make 13k less than the previous person at my role. Also taking on a way bigger role than I was hired for. I like it but I want to be compensated fairly. [link] [comments]  |
| Why most subscription businesses leave money on the table? Posted: 09 Dec 2018 12:50 AM PST In SaaS subscription billing, some developers simply add stripe and are done with it. In many countries, people don't have debit or credit cards with high transaction limits. Sometimes monthly limit is like $200 and if someone's paying $400 for a product then charge doesn't go through. I think this is leaving 20% of money on the table which comes through other payment methods like cryptos including bitcoin, wire transfer (manual), skrill, western union, yandexpay, webmoney which is very popular in Soviet block countries. [link] [comments]  |
| What was your experience like when sourcing and negotiating with manufacturers? Posted: 08 Dec 2018 10:22 PM PST I am currently looking for a domestic manufacturer to create a large volume of custom designs. I know it will be more expensive to work with a local manufacturer but I am willing to spend a little extra for a better quality product and more reliable communication. I've been searching for a few days now and am feeling a bit overwhelmed. I started contacting a handful of companies and am waiting for responses. In the meantime, I began building the website, developing content for the social media pages, and doing whatever else I can without the physical, final product. For those of you who needed to get their idea manufactured, what did you do to establish a good relationship with the manufacturer? How were you able to trust them with your design, with IP and production? What was your biggest challenge? How many different companies did you speak to before you made up your mind? It would be really helpful to hear other people's experiences who have gone through this process already. Thanks! [link] [comments]  |
| Startup is only 70-80% as good as the competition, do I launch? Posted: 08 Dec 2018 12:54 PM PST I had an idea, a bit of savings, and a supportive partner, so 6 months ago I quit my job and started building. Initially I expected to be on the market within 2.5 months, but it's taken an extra 3 months because of various technical reasons and because I'm working on this alone. It involves ML, so there is a lot of unexpected work just getting training data in a good state. The service itself isn't super-relevant to the question, and because the field is super-narrow I don't really want to out myself by publicly acknowledging that my service is worse. At the moment my service probably has about 50% of the features, and 70-80% of the accuracy of the competition. Eventually I'm confident the accuracy can be improved, the features added, and it could surpass the competition in that it would be applicable to a much wider range of applications than what the competition does. But at the moment it's not as good, and to be honest, I feel I'd have a hard time justifying to someone why they should use me instead of the competition. There are edge cases where I'm better, but those are limited.
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| Wanting to Establish a Subcontracting Firm Abroad (PH to US) Posted: 08 Dec 2018 08:52 PM PST So, to preface, I'm Filipino and my grandpap's family owns a construction firm. A bunch of his kids have moved to the US and are citizens and they're thinking about making a business that gets Filipino laborers (master carpenters and such) and gets them work over there. Suddenly, I'm being tasked with figuring out "how that works" and my business degree didn't exactly prepare me for making a business abroad. At the very least, I'm thinking it would be easier if my aunts establish the business in the US and the family over here invests in them, but I don't have any idea if that's legal or not. What should I be reading on this subject? And if you guys could give any advice, that would be swell? tl;dr how to make business in US when you are a foreigner [link] [comments]  |
| Posted: 08 Dec 2018 02:41 AM PST When you're raising initial start-up funding, how important are your very first angel investors? Does their influence, how much $$ they throw in impact your chances of getting more angel funding from angel investors you might not know? If your initial angel investors are friends and family who chip in anywhere from $5k-$100k does that hold a lot of value? vs. one successful friend, a Harvard grad who decides to put $1M cash into your business bank account to fund your crazy plan Do either of these scenarios cause a "ripple effect" where you can cold approach 2-3 more angel investors for funding and it makes it easier? Does your product idea, mvp/prototype matter more than financial support? [link] [comments]  |
| Young guy here with a few issues, can't figure out what to do? Posted: 08 Dec 2018 01:08 PM PST Hey all, I'm 20 years old and I am currently stuck with a few rather big issues. Since July 2017, I've had a certain idea in my head (tool for content creators and involving new technology in it, would help smaller and bigger creators aswell as the watchers), as for now, December 2018, the idea developed into a much nicer and better idea than I originaly was thinking. During the year and half, I've made plenty of positive changes to the design, made it cleaner and easier to use and watch at. I've also been active on YouTube since my early childhood, creating content is a second love to me so creating a tool for creators would be amazing. I've had over 250 smaller creators give me amazing feedback in 2 days with multiple people asking me when it's coming out. There's nothing like it on the market, it wouldn't only benefit the people but also the certain platforms they're on as YouTube, Spotify, SoundCloud,.. I've been trying to learn how to code, I just can't seem to get the hang of the basics for a while now unless it's HTML and CSS. Creating a website and 2 apps (iOS and Android) would be literally impossible to do by myself and I just know that there'll be so many complicated things I wouldn't be able to figure out. I don't know what to do now, my businessplan is finished, I've already have a presentation ready incase I need it some day, basically done everything I could think of (for now).
Since I have basically no funding, I'm not in the position to pay people unless of course I somehow raise an investment. Any help, tips and critiques are welcome. [link] [comments]  |
| I feel that my Startup is under a takeover Posted: 08 Dec 2018 11:18 AM PST Hey, English is not my main language so sorry if i write bad. I have had this idea for a service for a couple of years but never got to it. For some year ago i started a shop for tech products and i got to know some people. One of them is a well known tech profile in my area that haves experince of starting up and selling tech startups. Anyhow i told him about my idea and he loved it, i went and did a pitch for him and he loved it even more. A couple months later he fixed a couple of really good programmers and we started to work on the service. The thing is that it goes up and down and he takes more and more space with hes ideas and which direction we should sell the service in. Im the CEO of the company but i dont feel that i have anything to say because the team listens more to him. I would like to become a better tech CEO and he haves plent of experience in that but doesnt want to be it. We own 50/50 of the company and i feel that he is really important for the success of this startup and im starting to doubt myself. Somebody that could give me some tips? Thanks. [link] [comments]  |
| 40 hours work week is enough to run a startup? Posted: 08 Dec 2018 07:57 AM PST Hey guys, I am the co-founder of a startup and I just graduated from college. I am excited to get to work and I was planning on working 80 hours work weeks. However, my other co-founders think that 40 hour work weeks are enough. We have a product and is up and running. We are currently working on marketing, customer acquisition and iterations. But, we don't have product market fit yet. Additionally, one of the co- founders said that he would need to get paid 1.5 more if he is working 80 hour works week. We currently paid ourself under minimum wage. As far as I know this is the only source of income that we have. [link] [comments]  |
| Question about equity, need help. Posted: 08 Dec 2018 05:26 AM PST So this is the situation: Me, my co-founder and our soon to be investor are planing a 30%-30%-30% and 10% for the rest of the team equity split. Our investor is my co-founders cousin and they are quite close. Since our investor is already in a competitor company, he doesnt want to be found out that he is investing in us and he proposes that my co-founder (his cousin) should have 60% equity for both of them. My concern is that I might somehow get screwed over. Are there advantages/disadvantages in doing this? Should I be worried? Should I try and persuade them to not do this? Sorry for my ignorance about stuff like this, im more of a tech guy. [link] [comments]  |
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