Startups How minimum should a minimum viable product be? |
- How minimum should a minimum viable product be?
- Should solo founder shares have a vesting schedule?
- Renegotiating equity between founders
- Advice on commissions and offer from start-up
- Improving Financial Reporting / Software
- Hitting the ground running!
- Question: Does working for a start-up company better prepare you to start your own???
- What can I do to help an app succeed?
- How can I actually program an MVP?
- Do you guys think this is a viable business idea?
- Weekly Feedback and Support Thread
- How would I go about acquiring funding for my website?
- Bad idea? - supplier has an online presence to sell to consumers
- Question regarding a business model
| How minimum should a minimum viable product be? Posted: 03 Dec 2018 04:58 PM PST I'm building a website which is sort of like a marketplace for a particular niche. As far as I am aware, there is nothing else like it out there. I've been working on it for a little while and have got reasonably far in implementing what I need for the absolute basics but the website is ugly as hell, uses Bootstrap for CSS so looks similar to a lot of other websites and there isn't really much in the way of front-end coding, so everything works with page refreshes rather than having JavaScript dynamically updating variables. I'm just curious how good the website needs to be with an MVP? Currently, it is enough to show off as a demo, but it is nowhere near ready for heavy duty use. I could probably launch to a small section of the market to get early feedback on which direction to head in, but I wouldn't want to do a general release. I want to use the website in its current form to show off to people what the idea actually is and maybe try and get some more developer help on the front-end and back-end. [link] [comments]  |
| Should solo founder shares have a vesting schedule? Posted: 04 Dec 2018 12:49 AM PST I couldn't find a good answer to this question yet: When incorporating a Delaware C corp, should a solo founder adopt a vesting schedule? For example, adopt the traditional four year vesting with a one year cliff or other schedule specific to this case? I've heard about investor preferences, long term incentives to stay with the company, etc., but it's not clear to me whether those considerations apply in this case too. Maybe they are considerations for multi-founder teams only? Not sure if the tax situation that results from incorporating without vesting schedule is also a factor when deciding about this. [link] [comments]  |
| Renegotiating equity between founders Posted: 03 Dec 2018 05:07 PM PST Hi guys, Long story short... I had an idea... 2 years ago.. Pitched it to a friend.. Agreed to start working together. I live in Australia and he lives in California. The startup is in cali.. Over the past two years my cofounder has taken this role full time and I have been working part time and remotley. Since then he has raised 200k and we are still trying to prove the concept I made the rookie mistake of agreeing to an equity split way to early and it is 5% for me 80% for him only because I didn't see this working at all and was working on other things (so I completely understand that I took less risk!) I have come to California and noticed that he hasn't done shit, has lied about alot of the progress and lied to investors to get the funds. (fuck knows how he got the funds really)... But he never gave up which is really inspiring. The only things he brings to the table are Fundraising and never giving up which I value alot. I have come to cali to try and get this thing off the ground and have pivoted so much.. The concept building is almost over with me doing the majority of the work and the most value in direction. Now, I am an amateur and I will not be asking for an equal split, but given how things have unfolded I think I deserve way more equity. To summarize:
Does 80/5 sound reasonable? Is it unprofessional of me to even attempt to renegotiate? Is equity renogitstion a normal part of startups? Are there any links you guys can provide that would help? Have any other big startups had equity renegotiation? Any and all advise is welcome [link] [comments]  |
| Advice on commissions and offer from start-up Posted: 03 Dec 2018 11:01 AM PST I need some advice on how to approach a friends business I've been pushing at the agency I work for. His company is a SaaS platform that is very low cost. I've successfully integrated this platform into the agency I work for. They use it and want to continue to use and sell as their product via white label. This is good news. I've had a relationship with the start-up since it's conception. They have finally received some seed money (with my agency as the flagship that helped influence investors) and talks of me coming on board with an offer around the corner. I forewent commissions, in the beginning, to help the company grow. But as of late my agency is starting to the sell the SaaS like crazy and I need to re-evaluate the relationship with the start-up. My questions are: 1.) What percentage of commission should I be asking for? 2.) What kind of offer should I be asking for? What is a fair amount of stock that may be offered etc? The start-up is very small. There is only the CEO and developer. They want me as the third. Yes, I should have implemented some sort of contract in the beginning but I believe there is no ill-will with regards to the personal/business relationship. thanks [link] [comments]  |
| Improving Financial Reporting / Software Posted: 03 Dec 2018 06:29 PM PST Can anyone give me some info on their financial reporting process, esp. software and tools? I'm not quite satisfied with what we have currently, which is basically just the Quickbooks excel export. Specifically I want (and do not have): - the ability to look at changes to budget/actuals over time (why did spend look like X when we previously planned for Y?) - notations on various planned expenditures (this expense is for X, detail detail detail) - easy ability to model future expenses and see runway impact - clear and straightforward categorization - just easy viewing, not super tiny crammed spreadsheets [link] [comments]  |
| Posted: 03 Dec 2018 10:52 AM PST I've come to find out of a huge niche market I can access and bring to the forefront. I hope you guys can guide me in the right direction. I have my vision, and my hierarchy of action I want to take; create a website that immediately signals to the world high stature while bringing VALUE! I essentially plan on bridging the gap between consumers and service providers. I imagine my website to take on the looks and format of airbnb. How can I create a website with the looks and functionality of airbnb? How do I plan on thinking ahead, in terms of creating a website that will allow for multiple users to access the site without crashing? And thus, saving the time of having to consistently scale up and shop around for different providers? If that makes any sense. Key components I'm looking for on the website include; allowing for a huge number of traffic, communication functions allowing for consumers and sellers to negotiate, a comments section, a rating system for the service providers made by prospective consumers. This is the first time I'm embarking on this type of endeavour. I really have high hopes and so I want to swing for the fences for the type of niche I plan on putting a cobra clutch on. So I need to execute this perfectly. How does an average person execute this website like the big hitters? P.S - I don't have any coding experience. I've also never run a business. Also; Im currently playing around with readymade. If any of you guys are familiar with it. I plan on using that as a brand launch, creating hype, and also gathering prospective interest and hype. Thanks! [link] [comments]  |
| Question: Does working for a start-up company better prepare you to start your own??? Posted: 03 Dec 2018 04:38 PM PST To anyone who has worked at a start-up company and then went on to found their own company: did your work experience better prepare you for handling entrepreneurism? Are you grateful for the job experience or would you have preferred to jump right into your own company if possible? To any first time founders who weren't in the start-up sphere initially: do you wish you had dipped your toes in a bit first or were you happy to figure it out on your own with your accounting/engineering/chef/hula-hooping background? Why I'm asking: I have an opportunity to work for a start-up company doing something like customer success/business dev/sales/etc which is totally new to me and different than all my previous experience. The end goal is starting my own company that allows me to be my own boss and work from anywhere in the world (just waiting on the right idea). In the meantime, is it beneficial to work long hours at this intermediate job that I may or may not like to develop skills, or should I follow my passion and travel long-term getting by on teaching online, volunteering for accommodation, working a ski season here or there, and other odd jobs??? (The start-up job would require me to sign a 2 year contract, which is why I'm hesitant). Any insight is appreciated!! Thanks! [link] [comments]  |
| What can I do to help an app succeed? Posted: 03 Dec 2018 07:25 PM PST My dad is paying a developer to create a boating social/navigational app and wants me to help him with the whole process. I went to the kickoff meeting and I will be attending all future meetings, but I don't want to just be there because I am my dad's son. How can I help make this app a success? I have limited skills with lots of time to learn. I began researching into how to build a following prior to a launch and am beginning to look into building connections through forums and other websites. Please offer any advice about what needs to be done to successfully launch an app and what I can do to help? Thanks! [link] [comments]  |
| How can I actually program an MVP? Posted: 03 Dec 2018 06:23 PM PST I'm a programmer who wants to start a startup. I'd like to program a Saas from scratch. I know it's a large feat to do alone, but I plan to start slow. I just want to know how to build the general framework (including architecture, payment etc.), upon which I can add my specific implementations. Are there any good books on this? And I don't mean theoretical/advice books, I mean actual coding books that cover all or part of how to actually build a Saas, or an MVP from scratch. I'd like to build a cloud based web app, if that helps narrow it down. Thanks. [link] [comments]  |
| Do you guys think this is a viable business idea? Posted: 03 Dec 2018 05:34 PM PST Hey guys so me and my friend are planning to start a company in the next few months and wanted to see what you input is on our company.
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| Weekly Feedback and Support Thread Posted: 03 Dec 2018 03:07 AM PST Create something? Let's see it! Feedback or Support RequesterPlease use the following format:
Post your site along with your stack and technologies used and receive feedback from the community. Please refrain from just posting a link and instead give us a bit of a background about your creation. Feel free to request general feedback or specific feedback in a certain area like user experience, usability, design, or code review. Feel free to request support with hiring talent, finding a job/clients, recruiting a co-founder, getting your pitch deck made, or anything objective based that is specific to your startup. You can also receive advice and feedback in instant chat using the /r/startups discord. Feedback Providers
Support Providers
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| How would I go about acquiring funding for my website? Posted: 03 Dec 2018 04:27 PM PST Hey everybody I'm curious as to how this how this whole funding thing works in terms of startups. I don't have an app for my idea yet but I do have a website that's almost complete, frontend and backend wise. I want to eventually make my idea into a startup.
Thanks for taking the time to read. I know some of these questions seem obvious but I've read all over the internet & can't find a silver bullet answer to each of my questions. [link] [comments]  |
| Bad idea? - supplier has an online presence to sell to consumers Posted: 03 Dec 2018 04:04 PM PST I'm currently building my luxury personalised giftware site, where I believe a more upmarket brand, story (higher margins), service and warranty are the differentiating features and selling points. We also offer order tracking so you can see what stage your gift as it being made. I have formed an agreement with the UK based supplier to offer personalised, branded packaging (which I call our Gift Concierge Service) and same day dispatch for next day delivery (which I also offer as standard). I have a reasonably small budget set aside for marketing and plan to generate most traffic organic and via some influencers (as much as I hate the idea of influencer marketing, I get it). The issue is it seems the supplier has a presence themselves selling the same products (different names, similar pics sometimes) with their slightly out of date site. Also, the supplier has the prucurs listed on other sites (I've found 4) plus notonthehighstreet (UK based Etsy), Amazon and Etsy themselves. I've been thinking, should I just cut my losses now and give up or is there still a valid way to compete given I'm getting the products below RRP, with scope once I grow to design my own? I. As an aside what I have enjoyed most is building the brand and site which leads me to forming an agency and doing it for real businesses. I'm quite conflicted over whether it's a waste of time as they sell retail and I can never differentiate enough or compete when the same (essentially) products are for sale elsewhere. Can I beat them with a stronger brand? Any thoughts appreciated. [link] [comments]  |
| Question regarding a business model Posted: 03 Dec 2018 10:23 AM PST Hi everyone! So, in a nutshell, I've just finished my undergraduate and postgraduate studies in International Business. I've worked and lived in different countries across Europe and now I'm back home, in the Middle East. Besides my current job, I'm willing to dedicate a lot of time and effort to start a business. The startup tech scene where I live is currently developing and very active. Regionally, we are known for a qualified human capital and a young + relatively not costly talent. I'm very interested in starting a business which has an international/cross-border perspective. The only model I can think of is to build a company to provide outsourcing/off-shoring services to other companies or startups based abroad in Europe, MENA (Emirates, KSA...etc), or the USA. My 2 questions are:
I'm definitely doing my research but I would also appreciate if I hear from someone who went through a similar experience/who has a strong opinion about what I mentioned :) Thanks! [link] [comments]  |
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