• Breaking News

    Tuesday, January 29, 2019

    Startups Weekly Feedback and Support Thread

    Startups Weekly Feedback and Support Thread


    Weekly Feedback and Support Thread

    Posted: 28 Jan 2019 03:08 AM PST

    Create something? Let's see it!

    Feedback or Support Requester

    Please use the following format:

    URL:

    Purpose of Startup:

    Technologies Used:

    Feedback or Support Requested:

    Comments:

    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

    • Please post constructive feedback. Simply saying, "That's good" or "That's bad" is useless feedback. Explain why.

    • Consider providing concrete feedback about the problem rather than the solution. Saying, "get rid of red buttons" doesn't explain the problem. Saying "your site's success message being red makes me think it's an error" provides the problem. From there, suggest solutions.

    • Be specific. Vague feedback rarely helps.

    • Again, focus on why.

    • Always be respectful

    • /r/startups would appreciate your expertise on our discord.

    Support Providers

    • Please post some background information about yourself and why you're capable of providing support

    • Feel free to share a relevant URL

    • Be extremely clear what you are offering your support in exchange for: money, equity, barter/trade of services/products, or a mix of those--or if you are volunteering your support for free

    submitted by /u/AutoModerator
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    5 things I’ve learned about the power of influencer-hosted webinars

    Posted: 29 Jan 2019 01:21 AM PST

    I was sifting through articles on how to drum up an audience, and I found an article on webinars, about how you can work together with influencers and personalities in your field to bring attention to yourself.

    Basically it consists of 5 key ideas:

    1. Choose the right partners.
    2. Aspire to create a trustful relationship with a free webinar who is full of genuine value.
    3. There's no bigger asset than your webinar co-host.
    4. The easier marketing becomes - the bigger the competition.
    5. Overall influencer webinars are a highly effective tool to reach new audiences (not a step but more of

    I think it's pretty good, although I'm not entirely sure how to apply it just yet..

    submitted by /u/Dravengent
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    I’m struggling to clearly define how we’re different from the competition. Does this mean we need more development?

    Posted: 28 Jan 2019 10:28 PM PST

    We run a healthcare services business primarily catering to independent physicians. I know we're better than the various competitors in the state because almost all of our clients have come from them and told us so. However, everyone in the industry makes the same promises and guarantees, so its nearly impossible to separate yourself.

    If I'm struggling to state how we add value better than the other guys, does this mean I need to further develop our offering? Maybe have custom software developed or something specific that we can point to that adds more to our offering than the other guys?

    I'm struggling to find the best path forward here. I know we do better work and actually exceed our promises but it's hard to express that without sounding exactly like everyone else.

    Thoughts?

    Thank you!

    submitted by /u/Latrix
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    Are you using Business Intelligence or Machine Learning tools or services for running your company?

    Posted: 29 Jan 2019 01:22 AM PST

    Are you using Business Intelligence/Machine Learning/Artificial Intelligence tools or services that helps running your company? For what you are using BI/ML/AI methods, how it is helping you?

    I got some ideas how BI/ML/AI can be used to help running the company:

    • tracking your company KPIs with business intelligence tools
    • reducing churn, by using Machine Learning to detect churners before they churn
    • recommendation engines to recommend next purchase or next action in the service
    • improve support with automatic replies with the most appriopriate answers from the FAQ
    • customer segmentation ...
    submitted by /u/pp314159
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    Pitching my software to a large company but they have concerns about the size of my company (just me)

    Posted: 28 Jan 2019 08:49 AM PST

    Questions about the pros and cons of reverse IPOs

    Posted: 28 Jan 2019 07:58 PM PST

    I am currently a employee of a company that has been operating for the past 10 + years. The owner/founder recently decided to expand and as far as I can tell has raised a bit of funding to do so and is apparently planning to do a reverse IPO. Because I am relatively new, I do not own stock in this company and might not have stock at the time of the reverse IPO (not sure of the timeline). I've never heard of reverse IPOs till recently. What should I know about reverse IPOs? What things should I be aware of ? Thank you for your responses.

    submitted by /u/reverseipoquestion
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    Today I've spent 3hs arguing with my boss about whether our startup is really valued at 4-6 million dollars

    Posted: 28 Jan 2019 07:43 PM PST

    I'm still wondering how I'm not fired.

    A few details:

    It's a productivity app.

    We don't have revenue.

    We are three developers.

    We have a working prototype.

    We have a business plan.

    We have around 15 active users in our app, who are acquaintances.

    It's our first startup.

    So, the founder says it's valued at 4-6M because he calculated it, because an economist helped him with some of the formulas and because an investor said we should sell 10% at $400k.

    I argued that it wasn't really valued at 4M, and that instead, that was just his asking price. The real value would arrive once an investor agrees to buy at that price.

    He said that things don't really have value, and that someone else can't set the value of the company.

    The value of the company was what he believed it was.

    A couple of hours ago I did a bit of research and read about pre and post-money valuation, which determine the initial value of the startup after the first round of investment.

    I also read that valuations at such early times are merely formalized guesstimates, especially if you don't have metrics to support them.

    The metrics he used for his calculations were mainly the amount of users other companies in the same industry had at early stages and how much they grew over time.

    He says the main factor that boosts the value in this case is the potential of growth, which is huge because the idea is great.

    So, I will be working for around 9 months without salary to get 1% of the shares of the company (I started 3 months ago).

    What do you guys think?

    submitted by /u/IvoCass
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    Marketing through Facebook and Instagram ads

    Posted: 28 Jan 2019 02:03 PM PST

    I'm releasing an app that pays users when they play basketball at any park, LA| Fitness, or rec center in the U.S. Once a user earns he can take that and put it up against other players 1on1. Winner takes all

    Hello for the past 8 months I've been trying to earn all I can about marketing from the best in the business using any and all resources

    I've mainly been focusing on social media marketing for the current venture.

    To get word out I've been mainly posting personally on many famous athletes pages (This has worked to various degrees) but mainly trying to learn all I can about running ads on social media.

    After much trial and error these are my two top performing ads. Over the past 7 days I've garnered 600 sign ups for the app. My budget is usually around $50.00 per week.

    The goal of these ads is to gain followers and get sign ups for the app's release

    Questions

    What can I do to improve upon this?

    What are some techniques that you would use that I might not have thought of?

    Any pointers or suggestions?

    Is the rate of $.5c - $.6c per click a good rate?

    Thank you

    https://imgur.com/gallery/OyUGfdU

    submitted by /u/taylor2121
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    Name ideas for my website on Data Science

    Posted: 29 Jan 2019 02:13 AM PST

    I'm freelancing on Data Science and I'm now starting my website, where I will include a presentation of myself and what I do, along with a blog and a portfolio.

    In order to make it easier to rank on Google, I'm thinking of including the word "data" in the domain name, and I want a .com extension. datasafari or datacrunch would have been perfect, but the .com is taken. From the domain name, I want to pass the idea that I do data exploration and take useful insights from data. I'm looking for suggestions for names, as I have been thinking for some days now, without being able to come up with something optimal. Thanks!

    submitted by /u/NomeAleatorio
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    How to legally structure my company? (pre-startup phase)

    Posted: 28 Jan 2019 08:51 AM PST

    Hi all,

    Apologies if this question has been asked before in this sub. I'm looking for advice on how to legally structure my company. The company is very much pre-startup, meaning we are strictly in the planning phase (but are preparing a pitch to investors.) What is the most feasible, logical structure to organize in if we have a handful of co-founders as part of the venture but do not have large amounts of funding or time, currently, to dedicate to the legal organization. Does anyone have advice from personal experience?

    submitted by /u/ZekeMilly
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    B2B founders. What are you struggling with the most at the beginning?

    Posted: 28 Jan 2019 06:06 AM PST

    Starting a B2B business is fraught with setbacks.

    Let's talk about struggles founders come across with and try to help each other to optimize it.

    After all, the fewer detours we make, the faster we arrive at our goals.

    I've got my questions to get the conversation started:

    1) Which 2-3 things that keep you up at night?

    2) What systems/process do you think you need at the start in terms of product strategy?

    3) When it comes to the ease of use and customer experience, would you invest in getting the User Experience (UX) done right from the start?

    Let's put the rubber on the road. Write your opinions below.

    With gratitude, A

    submitted by /u/alexgilev
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