Startups Is it possible to be a cofounder with someone you have romantic feelings for? |
- Is it possible to be a cofounder with someone you have romantic feelings for?
- Recruiting beta testers for mobile app?
- How to split a company shares fairly?
- Estimate resources for language learning App (advice needed)
- How to improve the safety cash collection process?
- Women's dresscode for Startup Conferences
- Question about start up intellectual property
- Could be equity a good motivation for an employee? Where I can find an employee who is interested in equity?
- We need to contact investors, but how?
- Need help with what strategy I should take
- What’s the best place to incorporate startup in EU?
- How does a person with non-rudimentary business knowledge operate a successful business?
| Is it possible to be a cofounder with someone you have romantic feelings for? Posted: 03 Feb 2019 08:49 PM PST I, a guy, joined as a cofounder in my friend's startup. (We're both in college.) We worked for a few months together and it was only in the last few weeks that something 'clicked' and I saw myself being able to date her. I told her that I liked her, she didn't feel the same way. Within a week of this, after a series of major miscommunications due to the high emotions on both sides, she let me go from her company. I don't think we both were mature enough to talk through it as we should have. It was an extremely difficult experience for me, being let go from a startup that I had personally sacrificed a lot of money and mental well-being for, definitely more than my cofounder had by that point. I absolutely loved the products we were building for so many reasons, the people we were selling to, and the entire environment I was engrossed. It's what I had been looking for for almost five years. I was disappointed that myself and my cofounder for not being able to work through these emotional issues given how much time we'd spent building trust between each other. Apparently, she's had a tendency to remove friends/partners from her life who've provided her with any sort of emotional issues. Aside from my feelings towards her, I still feel to this day that I've never met someone that I've worked so well with; we both were so well-aligned on what our vision for the company was and how to get there. I'm still pretty disappointed in myself for not just being able to keep things professional. Now that things have settled for myself, I wanted to ask this community whether it's possible for this type of situation of one-sided interest to continue for two cofounders. Would it have been sustainable given the time and emotional rollercoaster we both were going to continue on? I'm happy to talk to you more in the comments, thank you in advance for your input. [link] [comments]  |
| Recruiting beta testers for mobile app? Posted: 03 Feb 2019 03:07 PM PST Hi, Our startup is building a social networking mobile app. We have a closed beta with 200~ people signed up from our personal network that will run for a week in March, and after that we're planning to do a larger beta test with people we don't know. I was wondering if anyone else here has been at or run a startup that has successfully conducted a beta test with strangers. If so, what were your strategies for recruiting these beta testers? How did you incentivize them (if at all)? For us: We're aiming to get 100 - 200 users for this beta. These are the requirements for beta testers we're seeking:
We have considered a few strategies to recruit these beta testers:
We have also considered a few incentive plans:
Thanks. [link] [comments]  |
| How to split a company shares fairly? Posted: 04 Feb 2019 01:02 AM PST Hi, In the past months, I have developed a working device that is supposed to be deployed to customers, the backend that collects the data and approximately 80% of the web app. Recently a friend joined the project and I am discussing partnership options with salesman who will (hopefully) bring in first customers. As at this stage I have limited budget, I would like to fairly evaluate my idea and work up to date and then compare this to their input. As this is my first time doing business this way, I would be thankful for any suggestions about how to split fairly the revenue and company ownership. Regarding the platform value, I don't know whether it is appropriate to simply sum up the hours I invested in development or is it more appropriate to somehow evaluate its market value. Also, I guess the customer base increases the platform value and therefor I don't know how much every acquired customer increases the ownership/profit of a salesman. Thanks for suggestions. [link] [comments]  |
| Estimate resources for language learning App (advice needed) Posted: 03 Feb 2019 08:10 AM PST Hello everyone! I'd like to ask for a piece of advice and would be really grateful for any reply. I'm working on the App for language learning (as I'm a teacher I can do just planning and content, no trial version is developed so far), which would include all main language skills but will focus mostly on grammar and vocabulary with an opportunity to practise writing and speaking and send it to someone to be graded. The project I'm working on is multilingual (about 8 languages) and interactive (different tasks, not just tests), should be created for 2 platforms iOS and Android, allow to use videos/texts form other resources. I'm trying to estimate amount of resources needed for the project. So for my business plan I'd like to find out how much could such an app cost (roughly speaking). How many people should work on this project for first two months and what should these people specialise in? Any information you can share would be exceptionally useful for me now. Thank you! [link] [comments]  |
| How to improve the safety cash collection process? Posted: 03 Feb 2019 07:40 PM PST Hello everyone, I am an intern at a Malaysian start-up, we provide a door-to-door garment care online service. I need to find a solution in order to improve the safety of our cash collection process. Our delivery boys collect cash when we bring back your clothes. Sometimes, customers ordered twice for different garments and they asked to pay during the next delivery. The aim is to avoid potential frauds and make this process secure. I know that cash on delivery is pretty unsafe but do you have some ideas to secure this process. Thank you! [link] [comments]  |
| Women's dresscode for Startup Conferences Posted: 03 Feb 2019 10:18 AM PST Next week will be my first time at a Startup Conference in the US and I have no idea what to wear. The internet hasn't been helpful with this either. I know, the main focus is our business, not our appearances. But still, appearances are a way of non-verbal communication and how you dress indicates subconsciously to others how to interact with you. I'm a 22 years old and I don't wanna be the one wearing leggings im a room full of slacks or dresses, or wear a skirt and be the only one showing my legs in a room of fully covered people. I've been trying to get information online but there are not many reliable testimonials out there, mostly vague terms like "business casual" wtf is business casual for women? Anyone has experience with this? Edit for details: it's a networking event in Silicon Valley. I'm the CMO of a tech company and I'm used to wearing leggings, jeans and flat shoes. I literally can't remember the last time I owned pants that weren't body-fitting nor the last time I wore a skirt. [link] [comments]  |
| Question about start up intellectual property Posted: 03 Feb 2019 05:49 PM PST Hello everyone. I am a software developer and was just approached to create an app for a specific business process. The person with the idea is a family friend and told me about the need and asked if I would be able to solve the problem. I came up with ideas for the app (how it would work and what it would specifically do) by talking it through with him. He told me he would be willing to pay me for the development but we said we would discuss the specifics of our arrangement the next time we meet. What is a standard procedure for this? I want to have some ownership over my work and later in the future if I develop something similar I want to be able to reuse parts of my code. In my ideal world, I would quit my day job to pursue this kind of work as a full time career; Brining tech solutions to businesses problems. Should I go the route of getting myself incorporated now? How should I go about keeping some intellectual property for my work and ideas? What kind of deal works well in these kinds of situations? Sorry for all the beginner questions. This is just all unfolding very quickly and I have already started working and getting feedback knowing it is unwise to continue without getting a business plan nailed down. [link] [comments]  |
| Posted: 03 Feb 2019 07:42 PM PST I am the founder of a seed startup, we are doing an AI-solutions for enterprise customers. We have a few customers as well as we have raised some money. Now we have decided to hire employees, and I want to find someone who is really excited about our product and ready to work not just for cash but for equity as well, and who will be thinking about company's growth. We have a very transparent option program. Where I can find employees like these? [link] [comments]  |
| We need to contact investors, but how? Posted: 03 Feb 2019 07:29 AM PST Hi guys, English is not my primary language so sorry if i misspell or something doesnt make sense. I am a part of an early startup that now needs seed money and im intrested in some strategy of getting them. The thing we have right now is following: - A small team that has big experience with sales and front/backend programming. - 7 customers (B2B) including a well known brand in my country - An early MVP (we got the customers before we had the app out) - A solid business model So now to the thing.. We have to get seed money to get the snowball rolling. The app is kind of unique of it self with some other "competitors" being close to what we do but not to close if you know what i mean. I listen alot to a business podd and in it alot of succesful startup founders and investors are interviewd and my plan is to mail them. But what do i put in the mail to get them intrested? Alot of them get bombarded with people asking for money and i need to stand out. How did you get your seed money? [link] [comments]  |
| Need help with what strategy I should take Posted: 03 Feb 2019 11:03 AM PST I've been operating this software platform for some time now and a local competitor has come on the scene, who I should say is not a tech company but their market share seems to be increasing and honestly I'm thinking of scraping the service all together. So, my platform does two things: (1) provide a system for Restaurants to manage their menus so that customers can have an idea as to what's available beforehand (2) and after viewing what's available, customers then have an option to order directly on the platform and have it delivered via a delivery partner... A sort of Uber Eats (and the service being competed with) Just for context, this is somewhere in the Caribbean. The first option is a subscription model which so far I can see standing on it's own and providing enough revenue for the company once I scale it. However I am thinking that menu management alone is not enough... Idk, what do yall think? So the competition simple allows customers to call the restaurant and request deliver with them. Using traditional call to order. There's a lot of flaws in this system, but this is what the market seems to want right now. And quite frankly I don't have the money or time to try to persuade the masses of how more efficient and for Restaurants, how beneficial it can be to have data which can inform decisions on meal orders. I really don't know what I should do... I've developed a separate app for deliver partners, and the entire system works well. But without users, it's not a viable business. Then there's the first option I mentioned above.. I don't know what else I could add to provide value so Rastaurants can continue paying.. Any tips / advise would be greatly helpful, thanks... [link] [comments]  |
| What’s the best place to incorporate startup in EU? Posted: 03 Feb 2019 08:10 AM PST I am building an MVP of C2C e-commerce marketplace that i want to cover all of EU and about to start building advisors board, raise seed round and launch the product in few months. But what is the best place in EU to incorporate the startup? There are certain regulatory issues like PSD2 that should be taken into account, as well as access to the capital and startup visas for employees and founders. So, what is the best place in Europe for a startup with non-eu founders? Dublin? Berlin? Amsterdam? Talinn? Also, is making a Delaware C Corp with european subsidiaries viable? Would it scare investors? [link] [comments]  |
| How does a person with non-rudimentary business knowledge operate a successful business? Posted: 03 Feb 2019 03:31 AM PST Hi, I have a question that may seem odd at first, but please bare with me. I'm asking this because I am confused as to how much business knowledge is "enough". When do I know its time to stop learning about running a business and start actually doing? There are certain people like Mark Zuckerberg and Bill who had no business background and got their business up and running. But how were these people comfortable being CEO's without studying the necessary business background to run their companies? I get this sense from a lot of people that learning the theory behind business is useless or that you shouldn't dwell too much time about learning stuff that's taught in MBA courses and instead learn by "doing". But how is that people you see founders just know what to do on an everyday basis. How does a founder like for example, Elon Musk, just know how to operate his business on a day-to day basis? How does he know who to delegate tasks to, how to divide up the business, whether they should hire consultants or not, etc? Steve Jobs did not have a business background and dropped out of college, yet he was running Apple. How the heck did he just get the confidence to run a business like that? Suppose someone did his degree is business administration and decides to run a business after undergrad. Is that person essentially back to his notes as he is running the business? Are people actually thinking about the 5 P's to marketing as they run their business? Or do they know its bullshit and are just analyzing what works for their company? How do they know whats useful to apply to real-life and whats just bull-shit "theory"? How is that Felix Dennis, the publishing mogul, did not know much about accounting basics while he was running his business, but still was successful? That confuses me lol. How much business knowledge do I really need then? Do you guys get what I'm asking? I get that my question may sound stupid. I know entrepneurship is about "doing", but how in the world do people get a general sense of the "doing", and not get insecure whether they are running the business correctly? [link] [comments]  |
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