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    Tuesday, January 8, 2019

    Startups Weekly Feedback and Support Thread

    Startups Weekly Feedback and Support Thread


    Weekly Feedback and Support Thread

    Posted: 07 Jan 2019 03:07 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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    Early SaaS - how to handle ToS/privacy policy/etc?

    Posted: 07 Jan 2019 11:53 AM PST

    Hi all,

    We're putting the finishing touches on our product and I'm wondering how best to handle a ToS, Privacy Policy, Acceptable Use Policy etc. for the service. It'll be a monthly/annually billed product, with users being able to upload images/text and their own customer data. We're based in Denmark, but we conduct business in English.

    There are a few generators out there, but I'm really wondering how much of the included jargon is necessary. I'm pretty keen on having no-bullshit human-readable versions of these documents - are there specific services you've used where you feel you get that result?

    Perhaps these services aren't worth the time and I should bite the bullet and get a lawyer to help us out?

    tl;dr there seems to be a lot of $49-and-done policies out there and I'm wondering whether that's a sensible route to take.

    Thanks in advance.

    submitted by /u/horseflaps
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    We created content marketing software for Webflow

    Posted: 08 Jan 2019 01:33 AM PST

    Webflow is a top-notch tool, but the content marketing and blogging features are a bit limited. That's why we at StoryChief.io have created a native integration to support marketeers running on the Webflow builder. We have also integrated an SEO tool right within our editor and you can publish it to multiple platforms with a single click. WE WOULD LOVE YOUR FEEDBACK! Some of our cooler features are: 🤝Approval & collaboration flow for articles 👥Trigger ambassadors/co-workers to re-share content 👩‍💻Integrate content from your favorite tools right inside the editor 🚀Plan content in the Content Calendar We are currently on Product Hunt, check us out if you're interested: https://www.producthunt.com/posts/content-marketing-for-webflow

    submitted by /u/GarlicBread365
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    Advice on equity to offer qualified CEO - BioTech

    Posted: 07 Jan 2019 07:33 PM PST

    I am working on a technology at a University that has commercial potential and is ready to leave the university. A professor, myself and another student all have plans to leave the university (professor through sabbatical for 2 years, and we are both graduating) and pursue this technology. We are planning to submit an SBIR and are exploring some other avenues for funding, but the main difficulties lie with the University.

    Our technology transfer office has a policy that they will not license technology (patents, the university owns 2 we need) to scientific founders without a business partner ready to make a deal with them (start-up or a large company). We have a prospective CEO who has a great business acumen and has several high-level exits that we plan to form a start-up with (mutual interest). The only problem with the potential CEO is the sector this technology is in is different than his expertise (the best I can compare would be software and hardware for computers) and the CEO acknowledges this and has stated on multiple occasions that they will likely serve as an interim role until a VC invests and appoints a CEO. We believe in this CEO and the CEO has connections at major VCs and suggests it won't be difficult for us to get the funding we need. We have determined that we need two to three million dollars to stay afloat and hit our next technical milestone.

    So my question is, how much should the three of us give up in terms of equity? Everything that we have read suggests 5 to 10% and bake in incentives as milestones are reached. Our main concern is what if the CEO says that without him/her, our University won't give us the technology and the CEO knows this, how do we negotiate around this?

    submitted by /u/OceanDrive_23
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    Offered 50 % Equity in a startup. What do I do ?

    Posted: 07 Jan 2019 07:11 PM PST

    A friend of a friend of mine contacted me about a web application / virtual tool that would help charitable organizations collect money from donors. It would allow people to control how much money they give and how often. It would help increase donations by creating smaller more frequent donations rather than smaller one- time donations. It has other cool tools like analytics etc...

    When speaking to this person, he seemed very intent in not getting his hands dirty in the actual business development. He would help on technical calls but this would be all in my domain. He was trying to tell me this could make tons of money and its a billion doller industry - but he has no sales/revenue. He mentioned building his company into the multi-million dollar range. Im assuming down the road, venture capitalist money etc...

    I basically said no to this opportunity. Fundamentally, I don't think this is how one should build a business. Im a big beleiver in "If you have a idea, sell it first and make money". If you have enough money and cashflow, great - build the next thing you need - an app, etc.... Basically bootstrap the shit out of it. Be proud of what you make and show the world !!!. Be content with who you are - own every piece if it and grow slow and profitably. Hire when you have to. Business ABC's.

    Personally - I dont understand how someone can give 50% of their company away if its the best thing since the invention of sliced cheese !

    Am I insane here ? Chime in please - I want to hear your opinions.

    Cheers !

    submitted by /u/martymcfly9888
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    Starting an AI company with limited technical knowledge?

    Posted: 07 Jan 2019 07:01 PM PST

    Hello,

    I'm a science major and plan on becoming an entrepreneur after university. I'm going to be taking a few comp sci classes on the side and learn how to code in python in greater depth on my own. I want to enough to be sufficient in it. Nothing too advanced. I'm currently in third year.

    Tell me honestly and brutally: I've found that a lot of these AI companies have ONLY technical founders. I hardly see any AI startups by people with sales and marketing skills. So, is it possible to create a successful AI tech company with the CEO having primarily s & m skills, but teaming up with other technical co founders?

    Thanks

    submitted by /u/apasric4
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    At what stage should i get an accountant?

    Posted: 07 Jan 2019 09:36 AM PST

    (edit: I'm based in the UK, I feel that may have a bearing)

    I am a developer creating a product in my spare time. As this product has matured I can see how it could be monetised and I genuinely believe that it could allow me to leave my current job and start working for myself. I plan on doing that gradually e.g. reduce working hours, then days, then outsource more until I'm confident it can work. (At the moment this is the dream, not the plan, therefore not the focus of my question).

    My first year would be about getting customers, so there would be no monetisation of the application. But I would be creating a limited company which would own the application. With this in mind so I need an accountant from the start?

    At first I felt I should but if I have outgoings only, is it worth it? Is filling the amounts that much hassle? I've read accountants can pay for themselves with their understanding of how you can get tax breaks etc, but would that even be applicable in my situation?

    Thanks for any advice

    submitted by /u/tony09uk
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    Road block on opening a business checking account.

    Posted: 07 Jan 2019 07:54 AM PST

    Hi everyone, first time posting here.

    We just formed an LLC for our start up. We have three owners, with shares divided 40-40-20.

    40% - Owner A, US citizen/resident

    40% - Owner B, non US citizen/resident

    20% - Investor, non US citizen/resident

    We're trying to open a bank account to receive our funds. The banks have told us that anyone who owns more than 25% (one said 10%?) needs to be on the bank account, and they need to be physically present to open the account. This causes an issue as Owner B is not in the US.

    We've hit a road block and are looking to solve this to start work. Two immediate solutions could be 1) have Owner B visit the US to open the account 2) have Owner B's shares decreased so Owner A can open the account, then increased back to original agreed 40% at a later date.

    Option 1 seems expensive and Option 2 seems overly complicated.

    I'm sure others have been in this situation before. Are we missing something? Any advice would be appreciated. We are operating out of Massachusetts.

    Thank you.

    submitted by /u/cangster360
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    Need some tips on best way to charge VAT for a 2-sided marketplace.

    Posted: 07 Jan 2019 04:45 AM PST

    Hi. I need a bit of help with charging VAT for a 2-sided marketplace. We have an online 2-sided marketplace (we effectively act as an agent). Clients book our vendors' services via our website. No actual products are sold. Just services. We charge a 15% commission.

    Qu. 1. Do we have to add VAT to the overall price (our vendors' fee plus our commission)?

    Qu. 2. Is there a way that we can add VAT on our commission only, and leave the vendors to handle their own VAT as they wish?

    The reason that this has come up, is that most of our vendors are not VAT registered.

    We collect the vendors' fee, but we do not touch it. The client sees a single price that includes the commission. Do we have a choice how to do this (in a legal way, of course)? At the moment we only accept payments via bank transfer.

    Looking forward if someone can shine a light on this. Thanks.

    submitted by /u/zlorf_flannelfoot
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    Legal Entity

    Posted: 07 Jan 2019 10:07 AM PST

    Hey guys,

    So I'm thinking of starting a business and I figured this would be a good place to start because a lot of people on this subreddit either have businesses or are in the process of it all. I was hoping for some guidance on this.

    I want to make my business idea an LLC because I've heard it is the most flexible out of all the legal entities and offers some protection towards assets. I was wondering what the paperwork process is like, how to proceed and about how much is it going to cost to create an LLC (Ballpark range).

    submitted by /u/TherealBaowow
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