Startups I'm confused on "capital accounts" and draw |
- I'm confused on "capital accounts" and draw
- What matters the most, when choosing a co-founder?
- Starting a SaaS business
- Unsolicited what to make of this?
- How big is a "BIG" market?
- How being funded can sometimes work against you
| I'm confused on "capital accounts" and draw Posted: 26 Dec 2018 10:47 PM PST Hey all, I've been looking into forming an LLC and had some questions around draw and "capital accounts" or "capital contributions". I'm wondering how continued ownership happens if I've withdrawn or drawed everything from my capital account. Pretty sure I'm just missing a fundamental point here. But say I invest $5,000 into my single owner LLC. My capital account is now $5,000. My LLC makes that back in one year and I draw all of it, what ownership do I have after that point? Or should I have "paid" myself the $5,000 so I still have that capital contribution? ie, LLC makes $10,000 and I "pay" myself $5,000 and draw from the capital account $5,000. Mostly, I'm wondering what happens to me, the owner, after the LLC has paid back its debts to me. Also what does that look like for continued investments? Like say year 1 I put in $5,000 and year 2 I do $10,000. My capital account is $15,000? Sorry for the likely basic question, but all my research has lead me here. [link] [comments]  |
| What matters the most, when choosing a co-founder? Posted: 26 Dec 2018 10:01 AM PST Hi everyone, So, I am planning to go full-time with a side project of mine and will be going for an Angel round in few months. So, I guess it time to get a partner. But, I am having hard time understand what's the most important thing to look for in a co-founder. I am a Technical/Product Guy with some knowledge of business, but I like to focus on the Product and Development and need some one to take care of other things. - Should, I consider my friends, having a good relationship with them, but having similar skill set(Technical) as mine but lack of network? - Should, I consider looking for people that have complementary skill set and good network, but don't have any type of history with them and don't know them well(also hard to convenience)? -Should, I look for people who adhere to certain values and show grit, but may or may not have the complementary skill set and doesn't matter if the person is fresher, experienced or friend? About Side Project: -MVP Built -Version 2.0 in Beta(based on feedback) -Some Traction Already -Domain/Industry: Social, Media & Entertainment Which one would you choose or what do you look for? What is a big no for you? How do you go about convincing them to join you? Any other advice? Thanks for help! [link] [comments]  |
| Posted: 26 Dec 2018 02:47 PM PST Long time lurker, I started a SaaS idea about a year ago. Since then, a good connection I have pitched the concept, and MVP to a part house supplier to sell to their contractors, in turn that only their parts are accessible to the contractors in my program. They loved it. It's a need in the market, and I am nearing a complete MVP that can be beta tested, then sold. I have a couple of questions though, some technical, some business. I'd love to get some input from you guys. First, as I am a one man shop (and desire to stay this way as long as possible) that works full time to fund my company, what is the most cost efficient IaaS I can utilize, while still being able to effectively scale as much as possible? (Currently testing on a Digital Ocean Droplet) Second, what are the business ramifications, and things I need to think about as I turn this into something that actually costs my consumers something? I've seen a lot of posts about what to look for in a co founder and such. Can you guys tell me what I need to do as the sole founder, operator, and developer of this platform to stay effective, and to be able to effectively perform both my full time job (full Stack Developer) and startup? If more details are needed for more effective answers, don't hesitate to ask. Thanks. [link] [comments]  |
| Unsolicited what to make of this? Posted: 26 Dec 2018 10:05 PM PST So I recieved an unsolicited message on linkedin for with interest in investing in one of my startups. The individual checks out and information is valid. I am just wondering if this is part of his hustle or am I targeted? What should I make of this? Cant say I've ever been approached unsolicited before. --- initial message, names have been redacted -- <redacted>, <redacted> looks interesting. After our first 9-digit exit in 2012, my team and I are now actively building technology for and investing capital in tech startups. Over the last 3 years, we have partnered with 200+ startups across industry verticals. Let's connect.
-- I responded, here is the follow up from the individual -- <redacted>, Thank you for connecting. We are interested in learning more about <redacted> and exploring ways to work together. I would like to share a brief intro about our startup model. Our model is based on building a working relationship to fully understand the technology behind our startup partners. This enables us to make more educated investments. As part of this program, we offer innovative technology stacks and resources, connections to our enterprise customers and seed investments. We have over 200 startups in our portfolio and would appreciate an opportunity to explore possible business synergies. Does 10:30 am ET on 1/3 work for you to speak with our Director of Strategic Partnerships, <redacted>? Please share your email and the best number to reach you for the call. My team will send a calendar invite once you confirm. Merry Christmas & a very happy New Year!
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| Posted: 26 Dec 2018 07:53 AM PST I am going through a tedious market sizing exercise where I look at my business model from multiple angles: topdown, bottom up, and relative. I am doing this because I want to have an unbiased way to assessing our opportunities, if the numbers arrive at the same ballpark, chances are I am in a good place. If not, there is something wrong with the assumptions. I heard so much online, through videos, and even in person, that VC and angels want to see startups targeting "BIG" markets. This can mean so many different things and it depends from person to person, and often, Gross Transaction Value doesn't translate directly to Revenue Opportunity. For those of you who are VC and experienced entrepreneurs, when you say "BIG market", how big in dollar value do you mean? [link] [comments]  |
| How being funded can sometimes work against you Posted: 26 Dec 2018 02:52 PM PST I have noticed that every time I'm trying to either source products or services for a startup from abroad and share the fact that we are funded, prices just magically increase. It does make it so more sources are willing to work with you as they know they'll get paid without needing an LOC but their prices always change. It's like a damned if you do, damned if you don't situation. I realize unscrupulous sources exist but it almost seems like it is a rule, not an exception. Any advice on getting around this? [link] [comments]  |
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