Startups How to structure a startup with friends? |
- How to structure a startup with friends?
- I've got an investor pitch over the phone tomorrow, what advice can you give me?
- Incentive Stock Option only compensation?
- Is a 5 year non negotiable contract normal for startups?
- How to bring structure to a startup?
- Any startup here with a substantial remote team? How do you keep track of the time spent by your employees and their productivity?
- Am I a Startup? 2 Websites, a database and a wiki? If so, where can I find a mentor?
| How to structure a startup with friends? Posted: 14 Apr 2019 12:18 PM PDT Two friends and I are in the process of starting a business to sell a consumable product. We intend to split the equity in the company equally between us, and we will share the initial investment costs equally as well.
What's the best way to handle additional investment costs if they're not split equally?
What other aspects of the business would you recommend that we agree to upfront?
What pitfalls have you experienced when setting up a business with friends? advice on how to avoid them?
Thank you for any help you might be able to give! [link] [comments]  |
| I've got an investor pitch over the phone tomorrow, what advice can you give me? Posted: 14 Apr 2019 12:44 PM PDT Hey r/Startups! I've got an investor pitch tomorrow over the phone and I need some pointers as I finalize my presentation. This Wednesday, I was contacted on LinkedIn by an investing firm that saw my startup online. Funny enough, this was the same day I had a conversation where I stated that LinkedIn is practically useless to have. Needless to say, I was proven wrong. I've had investor pitches before but the way I presented it was wrong. First impressions were a bit off as I was nervous. I also focused too much on extensive details of how the startup was formed by walking the investor through the thought processes we had when developing the idea rather than what the start up is (It's easy to ramble when you're nervous). Others that focused on the startup details rather than how I carried myself were more forgiving and much more successful. Currently, we're in development and we have a very solid road looking forward. What ideas should I accentuate and what how should I carry myself over the phone? Phone interviews are pretty hard to gauge, what tips do you have to help me stand out and convey the startup properly? How do I initiate or spark excitement over the phone? Should I focus on what we have now or show what the road forward looks like? These are just some of the many questions I have but I'd like to hear any thoughts or pointers from experienced entrepreneurs. [link] [comments]  |
| Incentive Stock Option only compensation? Posted: 14 Apr 2019 09:34 PM PDT Hi all! I am finishing up my senior year in university and interning at a cool startup. I have enjoyed working here and have built a good network with my peers, superiors and colleagues in the company, although unfortunately I will have to leave the city as my semester ends and I have to go to my home town. I have no issue with money and love to learn and work, so although my internship was unpaid, I gained valuable skills and knowledge, and had a well rounded, constructive experience with everyone in and out of the office. The startup vibe is something I like, and because I felt I made good contributions during my internship, and received high remarks and praise for my work, and numerous informal inquiries if I would like to work for them, I sat down with my supervisor to extend a formal interest in joining the team full-time upon graduating with my bachelors. The meeting itself still went well, and although at the time they were not able to consider me a candidate for a full-time role, they offered to convert my internship to a paid one instead, and I could continue to work for them remotely, through the summer, and then we could discuss full-time opportunities afterwards. Although it does sting a little, I'm still pretty fortunate and appreciative of this opportunity, I'll still be researching and networking around for job opportunities but still going to keep this, it's great, and I don't want to mess up my workflow groove. Would it then, be appropriate, given my financial security and career interests, to request the internship be compensation in incentive stock options only? Admittedly, I don't know what good that little bit of money would do, which is why some form of vesting with the startup would be way cooler and a risk I would be willing to take, one aligned with my level of productivity and overall career direction. I already have quite a bit of autonomy and creative respect within the organization, so this would be more fair environment to continue the work I am doing and being compensated in a way I believe is commensurate to my education and experience. Had I used the time and capital I had when I was 18, and invested in this company, or any other startup or company that thrives off the craziness and crazy hours, instead of working full-time for hourly wages and going to university trying to get a degree, I might have been better off than I am now lol. I guess it's nice to see perspective and see what the future holds. Cheers everyone! Thank you! [link] [comments]  |
| Is a 5 year non negotiable contract normal for startups? Posted: 14 Apr 2019 09:16 PM PDT Someone I know who is already CEO of a few successful companies is looking to start a new one and is looking to recruit me as a technical founder/CTO. I read over an initial contract and one part of it caught my eye:
The part of this that bothers me is that the five year contract and the clause that states I am not allowed to leave when signing. Is this normal? Or even allowed? [link] [comments]  |
| How to bring structure to a startup? Posted: 14 Apr 2019 03:28 PM PDT In a few days, I'm joining an ops team a startup . The company has been around for ~1.5 years during which the team of ten people has been working on the product/proof of concept and now they're ready to scale and expand. I have some ops experience in a major tech firm but building a structured ops team from scratch and making sure everyone follows it is a different ball game. Any recommendations, dos and don'ts, system(s) to use, interesting case studies, live examples, material to read and go over? Thanks!! [link] [comments]  |
| Posted: 14 Apr 2019 05:22 AM PDT Any startup here with a substantial remote team? Startups with remote teams can hire the best specialists to handle different projects or tasks. This is also a good way of cutting costs. While there are many benefits to reap from remote team management, it can be a huge challenge. To make sure it is a success, team players have to collaborate, communicate and have a reliable way of sharing ideas with ease and efficiency. And not the least of challenges is that about productivity. It is also said, well managed distributed teams are often far more productive than co-located teams. How do you keep track of the time spent by your employees and their productivity? [link] [comments]  |
| Am I a Startup? 2 Websites, a database and a wiki? If so, where can I find a mentor? Posted: 14 Apr 2019 02:27 AM PDT I have 2 website ideas that I'd like to develop concurrently. (They are interrelated.) They are both educational websites... They don't offer a service or product (maybe in the future.) Details below. So, questions: 1. Are these considered "startups"? If not, what? 2. Am i considered a "wannabe entrepreneur"? If not, then what am I called? I wanna get the labels right so I know what subreddits to join and what things to look up online and how to refer to myself when I try to explain this concept to people. 3. Based on the info provided below, how do I go about creating these websites? Are there mentors or accelerators /incubators for this kind of thing? WHAT I HAVE SO FAR : 1. The ideas ;) 2. A little bit of domain research /competitive analysis. 3. Already in the process of recruiting the first few "user experts" to contribute to Website 2 and have started compiling data/entries to start off with, already researching how to make contact with educational experts to create the database for Website 1. 4. I'm a UX/UI Designer, so I can make my own prototypes and mockups to help communicate what I'm looking for. 5. Bought both domain names. Where do I go from there? *I don't think I need investors, right? * If I can invest my own money at this point to get it off the ground... And maybe if it can earn money (ads?) I can put the money back in to grow it? I think it'll start small and then grow, right? I know I need : 1. Coders (full-stack), to make the thing work. 2. Marketers and/or social media people (imho I think I could do this myself at the beginning, if I got a crash course) and /or SEO in order to get people to the website. (these are all under the same umbrella, right??) 3. Ways to monetize this I imagine that they'd be monetized by ads, put there by educational institutions related to what I'm educating about. WEBSITE 1: A sort of database (not user-submitted) in which the user would put in input and get results, and then could shift the inputs to see how the results change. There would also include some kinda game that involves using Flash, I think?). WEBSITE 2: A user-submitted website (wiki?) where different people can ask questions and get responses, and the best /most upvoted rise to the top (Quora-like)... But also kinda like Wikipedia in that there's a collaborative thing going on, different vetted/"trusted" (don't know how yet) expert users build on each other's and change each other's entries...so collaborative like Wikipedia... But in a completely different domain than Quora or Wikipedia. [link] [comments]  |
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