Startups Co-founder is harassing me |
- Co-founder is harassing me
- A major retail chain (think Walmart) is interested in carrying our products - until now, we've only been selling on Amazon. What should we know beforehand? Tips from your experience?
- What should I do if I have a finished product, a great market, but no knowledge or experience of business?
- Compensate Co-founder that knows he's doing it temporary
- Can my MVP be a Facebook or wordpress page?
- Just quit my job, with zero traction on startup
- Don't put your eggs in the same basket
- Startup Acquired, ownership in question
- How much equity for a potential new co-founder?
- Why do companies often give budgets for travel or health activities vs just paying more salary for each?
- Anyone with licensing experience? Not sure what to charge a startup to use my technology?
- Is it worth to develop an Instagram landing page app?
| Posted: 13 Apr 2019 04:47 PM PDT I've been working on a video platform with my co-founder for the the past few months. We've managed to gain some pretty good traction, so far. He's well connected in the specific industry we are working in, and knows some investors, which has helped us move quickly. Recently, he's started harassing me by making inappropriate comments, such as, demanding to know where my first kiss was, what it was like, how many people I've slept with, etc. He claims that it's important to know every single thing about your co-founder. I've firmly shut him down, but he still won't stop. He keeps insisting that we not only be business partners, but, also, partners in bed. No matter how many times I've told him that I'm not interested and only want to focus on work, the behavior continues. I've flat out told him it's harassment, but he just laughs it off. It's becoming difficult to work on the platform since he keeps doing this. Being a small startup, there's no HR to go to for help and I'm at a loss for what else to do to put an end to it. Should I just walk away from this startup and try to start over on my own? I've already done a fair amount of work on this and am extremely frustrated by what's happening recently. Any advice is appreciated. [link] [comments]  |
| Posted: 13 Apr 2019 02:35 PM PDT It's a non-food, non-perishable item, price point $15-20, think a small device such as a new can opener or beer chiller. We designed it and are the only manufacturers.
Thanks for your answers and tips [link] [comments]  |
| Posted: 13 Apr 2019 06:38 AM PDT Hey guys. I'm trying to figure out what to do in my situation. I have finished my product, tested the prototype on the target market to great success. Now I am ready to start selling it. However, I am in Vietnam, and there is a lot of red tape here. I have a general idea of what I need to do (register my business in Hong Kong and try to get licenses to sell my product in Vietnam). But I have no expertise at all when it comes to business. I come from the sales side of things, rather than the business. If I hire a mentor or a consultant, it is going to be too expensive for me, but if I do this alone then I feel like I am walking into failure. Have you guys got any tips for how to get through this situation? Thank you! [link] [comments]  |
| Compensate Co-founder that knows he's doing it temporary Posted: 13 Apr 2019 05:20 PM PDT Hi, I have recently posted about a suggestion of my technical co-founder suggesting a royalty fee instead of equity. Not because he does not believe in the success of our idea, he is indeed very much into it and I know he will be a great help programming our MVP. Rather, because he has already chosen a different career path and holds a good position in a big company. Therefore he suggested just a small percentage (indeed very small) on each transaction as long as he is working on it with me and with a total maximum of sum x. What other options can I offer him? -Vesting over 4 years and if he leaves after for example after two years he gets to keep his vested shares hoping that he can cash them out one day? -A mix of royalty until sum x and equity? -Equity with a buy back option? We really want to work together on this, and he will be great help to get the app done. But I understand his point, since he will be putting in a lot of hours 'for free' on the side of his full time job. Any suggestions how to handle this? [link] [comments]  |
| Can my MVP be a Facebook or wordpress page? Posted: 13 Apr 2019 03:54 PM PDT Quick question, if i were to use a Facebook or wordpress page to test the validity of my idea, as well as testing out some marketing strategies etc., would this be enough to act as the MVP? It would basically be me in my room processing orders, requests etc. by myself but the hope would be to automate this eventually, think if Uber started out as one guy in his room coordinating all of the drivers and passengers manually to test validity before automating the app. Is this a good enough example of an MVP? Would I be able to raise any seed money as a result of this (in the case it proves the validity of the idea well)? [link] [comments]  |
| Just quit my job, with zero traction on startup Posted: 13 Apr 2019 08:38 PM PDT So 4 months ago, I posted a thread asking if I should quit my job when I was 30% done with my MVP: https://www.reddit.com/r/startups/comments/a3yw42/about_13_done_with_my_mvp_should_i_quit_my_job/. Today I officially quit my job. I was unhappy. I was told to "tough it out" in the previous thread, and I did, but it only became worse. So that's done, I left. My startup still makes $0.00 in revenue, but I've at least finished coding a Beta version of my SaaS app, and literally only a few days ago started to blast off some cold emails and also recorded a product demo. I have a good 7-8 months of runway. If need be, I can cut down my burn by half by giving up my lease and moving into shared housing. If it comes to that. My question is what should I do now? 1) Immediately look for another job, plug the leak ASAP, runway notwithstanding, and still work on the startup on the side; 2) Give my full-time focus to getting some customers for my SaaS app, make it work, get some initial revenue traction by hook or by crook. Just swim or sink; or 3) Adopt a hybrid approach -- give it a month or two of just full-time focus selling and finding customers. By the end of that "trial" run, I'd either have enough revenue to survive (probably not), some revenue to show for my efforts, which would justify burning off another 2 months of expenses, or no revenue, so I'll start looking for a job again. Anyone been in this situation before? What did you do, how did it turn out, and what would you do if you find yourself in this situation again? [link] [comments]  |
| Don't put your eggs in the same basket Posted: 13 Apr 2019 10:28 AM PDT Lately I've read many posts here complaining (or asking) about outsourcing the development of their MVPs. Some were worried about the ownership/transfer of code. Others were unhappy about the end result or the product they have paid for... So, here is a simple advise, get an architect that will design your solution in a modular pluggable one (or even micro services). This way, you will reduce the risks mentioned above (and others) since you'll be outsourcing those modules each as milestones and even to different freelancers. [Edit] Modules are abstractions to make software easier to write and maintain. Even a simple MVC web app is modular by design. So how come this web app is technically complex? I'm not saying that you should not trust freelancers, there are many professionals there. [link] [comments]  |
| Startup Acquired, ownership in question Posted: 13 Apr 2019 09:45 PM PDT My friend and I started a company in 2012. We gave up 30% equity for an angel investment the same year. After two years we had grown to about 10k MAU, but we were out of money and needed to pay rent, etc. We agreed to sell our stake in the company to the angel investors for a nominal amount. They put together the contract which stated they would pay us $x in exchange for our shares. The thing is, even though we both signed the contract, they never transferred the funds. Fast forward 4 years and the company merged with another company in the same space. The company it merged with last year is owned by a multi billion dollar, publicly traded conglomerate. I am almost certain the deal wasn't huge, but I have no idea. Do my cofounder and I have any rights due to the money never being transferred to us to sell the shares? What steps should we take, if any, to explore our options? [link] [comments]  |
| How much equity for a potential new co-founder? Posted: 13 Apr 2019 06:38 AM PDT I started the company two years ago and have been bootstrapping with a few part time employees. We're pre-launch but have started negotiations with a few industry giants for trials. I met A at an industry event a couple of months ago and we immediately hit it off. We have complimentary skills - I'm a technical person and he's a marketing expert with an impressive background. We've had 4 half-day working sessions together, text each other daily, and just get along super well with similar visions for the company. I think it'd be great to get A into the company but not sure how much equity is appropriate. I was thinking 10% given the current stage of the company. He suggested 20-30%, including investing into the company (he would match my monthly cash contribution to the company and split any large project investments). I think this arrangement could work because it means we can do more things faster with less financial strain on me, but have a few concerns. My questions are: 1. What's the best way to structure an offer in this case to incentivize a good working relationship and a great company? 2. What's the appropriate amount of equity to give for A's work and investment? I've done quite a bit to build the company over the last couple of years and it feels like my baby. But at the same time I understand a new cofounder could accelerate company growth 3. Even though we get along great, in reality we've only met 4-5 times. How do I protect myself and the business if things go wrong? [link] [comments]  |
| Posted: 13 Apr 2019 02:23 PM PDT At a few of my previous companies we had a budget for health activities (like a gym) or they would just straight up buy us a membership. Similarly some places will compensate commuters for their travel up to a certain amount provided it goes to a public transit pass or gas. Why don't these companies just pay employees that much more so they can buy their own gym membership or pay their own gas? Is there any tax advantage to doing this over paying a salary? A company can write off salaries correct? If it is a tax issue, whats the difference then? [link] [comments]  |
| Anyone with licensing experience? Not sure what to charge a startup to use my technology? Posted: 13 Apr 2019 09:51 AM PDT Out of respect for the subreddit rules I'll do my best to not mention any company names. There is a startup who's engines are warming up and seeking funding needed to launch a service like snapfish but with videos added to the framed pictures and photo albums that a customer purchases online. The trick here is that the entire value-add (the video on the picture part) is my technology. Ergo their entire angle depends on my tech to set themselves apart. I've got no problem with this of course since it's good for my business. That's the back-story. Option 1. I bake my tech into their app thus allowing them to offer a branded experience to their customers. Option 2. We create contracts guaranteeing my technology is available to them for a term but their customers will have to download my app to view the videos on their framed pictures or photo albums purchased from this new startup. To me, it would seem that Option 1 has the highest return associated with it (for my company) since I wouldn't be getting my brand out there to people but it's their product and creating a cohesive experience is important. But maybe I want my brand out there and they really don't have a value-add in the marketplace without my technology anyway so it seems like I can call the shots. Thoughts / What would you do in this situation? [link] [comments]  |
| Is it worth to develop an Instagram landing page app? Posted: 13 Apr 2019 06:54 AM PDT Hi guys, I'm a developer and I have a small digital marketing agency which is working with clients whose main distribution channel is Instagram, our clients are from the tourism sector. We're kinda new with Instagram marketing (so, if you have tips or content I can read I'd trully appreciate it), currently we have a landing page with WordPress for our Instagram leads but we haven't had the results we expected. So, I had an idea to develop a mini app with React specifically for Instagram leads (it could be also for mobile users) where it simulate some features from Instagram Stories, but I can extend it to add text, carrousel, add analytics, A/B testing, CTA buttons, videos, interactive things an so on. I could also open source it so anyone can use it and improve it. My question is, is this idea worth it to develop? Or is it something similar to this that I can use? Also, what things would you like the app to do if you think the idea is worth for develop? [link] [comments]  |
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