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    Wednesday, April 24, 2019

    Startups How should I dress to “meet the team” at a new finance startup?

    Startups How should I dress to “meet the team” at a new finance startup?


    How should I dress to “meet the team” at a new finance startup?

    Posted: 23 Apr 2019 08:31 PM PDT

    Basically they are looking for CFPs to join their team. They give financial advice just to keep it sweet and simple. Very small startup with about 5 active employees (there's a board with some people who have big connections).

    I am not sure what I should be wearing? I applied online and normally in my experience with corporate jobs the first phone call is just kind of a get to know you and the recruiter/employer talks about what the job entails and if I'm interested.

    This was completely different. I was caught off guard pretty good and felt it was full blown phone interview by the COO. Felt it went well and said I've been passively looking and nothing's sparked my interest but was very intrigued and asked next steps.

    He said come meet the team and mentioned weds work good after 3 cuz they generally all go get happy hour and I could join. While I can't make any happy hour I am going to go a couple hours before.

    Idk what I should wear. I assume I can't go wrong with a suite and tie, but in college I went and interviewed at a startup in a suit and tie and they kind of laughed at me for it.

    I was thinking either a nice plain button up shirt and slacks or suit with no tie. Those who work at startups, based on the situation what would you suggest wearing?

    submitted by /u/Chella47
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    How do you keep coders engaged - is there something I'm missing? (if I'm an idiot please tell me so lol)

    Posted: 23 Apr 2019 10:38 PM PDT

    Long story short - I managed to get a small team together to work on updates on a pre-existing mental health app.

    People were excited about the idea -- awesome!

    New ideas of where to take the app were bubbling -- amazing!

    We discovered a little niche in the market (insert another "a-word" here)

    But theeenn it came time to actually doing work and people began to drop off :( . I totally get it. We all have full time jobs. This is a side hustle with potential... but nonetheless still just a side hustle.

    But why is it so hard to get a coder to stay excited? *Alexa play sad music*

    The rest of us were working on marketing, designs, wire frames etc but coders is there something us non-coders are doing wrong? How can we support you more? Is coding pro bono just a joke? #AskingForAFriend (it's me. I am friend)

    submitted by /u/Appxiety
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    How to approach the problem

    Posted: 23 Apr 2019 09:48 AM PDT

    Hi guys,

    I'm a CTO and co-founder of a startup company that recently launched the MVP.

    Now we need to start making some money, but I feel like the CEO and CMO doesn't know how to do that. Initially, they said they did some market research, they approached some businesses and so on, and there is interest, but when the moment came all of that just disappeared.

    I feel like they don't have an approach to a specific problem, they just shoot in the dark and this is making me anxious. I brought the problem a couple of times, with a direct question, how, when where we'll approach any businesses and the answer is: we'll target millennials and gen z and etc. This sounds very global and not serious at all, but I can't fight with them all the time.

    Currently, we don't make even $1 and the company doesn't have any strategy on how to approach prospects at all just some nonsense theories without any legal support.

    I feel like the CEO, had a dream to build a company and now is just shooting in the dark!

    submitted by /u/some81
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    A Summary of YT Video: How to Run a User Interview, by Twitch CEO Emmett Shear

    Posted: 24 Apr 2019 01:20 AM PDT

    Emmett founded Justin.tv, which later pivoted into Twitch, finally sold to Amazon in 2014 for $970M.

    • (0:34) If you build a startup without talking to users (like his first project about calendars, about which he knew nothing and was not even a user himself) or just around yourself (like he did for Justin.tv), you can be lucky and it could work out if you represent a lot of people with the exact same need, but most often than not it will not go anywhere.
    • (2:53) For Justin.tv they had built a lot of great tech for streaming, but didn't have a user case that would allow them to have a great success, so they decided to pivot and had two options: mobile and gaming. They picked gaming, but while they liked to watch game videos, they were not game broadcasters, so that had to do a lot of user interviews to understand them and acquire that knowledge.
    • (5:14) Who you talk to is as important as the questions you ask. If they talked to viewers rather than broadcaster they would have gotten a completely different feedback. Talk to the specific type of people you're building for.
    • (5:50) When you have new idea, think who your users are, what kind of questions you'd ask them, and where you'd find them. At (12:20) there's a sample interview with a college student, with questions around how she takes notes today (eg: laptop for text-based notes for classes like History, but pen and paper for classes like Physics where she needs to draw something), what apps she uses today for text-based notes (Google Drive and Evernote) and why (to share with other students and merge content together), what kind of people she collaborates with, how long notes are, what's the volume of her note-taking etc.
    • (16:20) Don't ask about features, don't start designing the product during the interview already. Rather focus on understanding if the interviewer has a problem with the way she does things currently, and if it's big enough to be worth tackling.
    • (18:09) Talk to at least 6-8 people for every potential group (eg: Stanford college students, high-school students etc. in the case of the note taking app).
    • (21:50) Once you have an idea that you think can solve a problem, you can either implement it straight away if you're a developer, but if it's going to take 3 months to do something that it's worth using, you want to validate the idea before investing that time.
    • (22:50) Don't go back to users with your idea is good and if they like it, because they'll likely say it's great. But if you then implement it and offer it you might find that they don't care enough to switch to your product.
    • (23:50) The best thing to validate the idea is indeed to hack something together, but a version 1 must be the minimal thing that gives some value. Find a way to "cheat", do it in the easiest way possible, and see if it's actually useful to people. If you can get people to commit to paying for it, that is the best validation. If a student wouldn't spend $5 for your app, they're probably not very excited about it.

    The rest of the summary is available here: https://www.fastrecap.com/content/how-to-run-a-user-interview-by-twitch-ceo-emmett-shear/

    submitted by /u/mbellinaso
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    Finding investors - Where to start?!

    Posted: 23 Apr 2019 04:42 PM PDT

    Hi everyone!

    I'm currently at, what I'm sure is for most people, a very daunting stage in a business start up.

    Whilst the essential elements of my business are in place, I'm at a point where funding isn't possible without the support of investors. The good news is it was already part of our business plan, the frustrating part however is I've never had to rely on investment until now. Where the hell to start?!

    Can someone give some advise on the various ways you can find potential investors?

    Thanks! Dom

    submitted by /u/DomboBuchek
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    Does paying to be part of a Community of Peers (Founders) make sense?

    Posted: 23 Apr 2019 09:51 AM PDT

    I have been talking and researching a few FOUNDERS communities and talked to their founders or high rank members. But I am still not 100% convinced cause it seems that we have to pay first and them figure out the real value later.

    Some charge annually and other have a mix monthly and annually. But it represents from $80/mo to $300/mo depending on the group and conditions.

    What I am looking for

    • Shared Experiences
      • Common Roadblocks: By knowing others experience on issues I am facing I might be able to have different views on the same issue that can help me take better decisions
      • Mentoring/Guidance: not from someone specific but from experience exchanging from others
    • Networking: it i always good to meet interesting people, even more if those people are similar to you or have similar values.

    It is always good to have peers to talk to. People that experience the same challenges as you are facing.

    Today I feel like I am an island isolated from everyone. I can't talk to people that I go out with or that I know of about my challenges cause they live a very different reality since they are not entrepreneurs.

    If you are a member of any of those kinds of communities and can you tell for how long you have been a member and share your experience I would be thankful.

    EDIT: I removed the communities names and links so that it respects posting rules. Also I added the comment I posted later so that it is more clear what I am looking for by joining an Entrepreneur Community.

    submitted by /u/rafaelspecta
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