Startups Want to be the non-technical co-founder and not just an idea guy? Here is a list of some of your responsibilities. |
- Want to be the non-technical co-founder and not just an idea guy? Here is a list of some of your responsibilities.
- "If you're not embarrassed by the first version of your product, you've launched too late." ~ Reid Hoffman
- Startup advice needed for a solo cofounder.
- I just joined as a Team Lead and am already being asked by a Junior to be promoted. What should I do?
- Networking for Fun and Profit
- What exactly is a "founders compensation"?
- Landing Page
- Does anyone here hold an Estonian E-Residency? What's your experience so far?
- Launching a regional app on product hunt
| Posted: 09 Apr 2019 06:34 AM PDT I am the non-technical co-founder and the "idea guy" of our SAAS startup (2 x co-founders). We are doing this as a side project currently. I have seen many posts and comments about "idea guys", so I thought I would write up a list of all the work I have picked up over the course of the past year to ensure my co-founder is able to focus on development. My aim with the list below is to give other non-technical co-founders an idea of what their responsibilities are. When I started this journey, I never knew how much work I created for myself.
I ran out of time now and have to attend a meeting. These are the first few things that came to mind, and there is probably more. If there are spelling and grammar mistakes, I will fix it later today. Edit:
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| Posted: 09 Apr 2019 12:45 PM PDT This is an inspirational quote that I stumbled upon. I think it is highly accurate. You want to iterate towards a goal with your customers, not finish your goal before releasing. Oftentimes, the end goal is not what you originally envisioned. Oftentimes, people over-stress about completing a perfected final product before showing it to the world. This quote reminds me that your launch is not as far away as you initially believe it to be, and that it's okay to have an embarrassing or incomplete first launch. It's okay to launch with a minimum viable product. In fact, it's preferred. [link] [comments]  |
| Startup advice needed for a solo cofounder. Posted: 09 Apr 2019 04:16 PM PDT I have been working on a start-up by myself for about 6 months now. To give you a little information about me; I currently work full time in the industry I am looking to build a web-based b2b platform, I have acquired numerous advisors, I have created and am constantly improving the business plan, I have created a wireframe for the site, and have gotten quotes back on how much the site will cost to build. What I do fulltime is corporate sales so I plan on being the project manager/CEO and the salesperson who makes sure our product starts gathering users who will pay for the service as I do this everyday in my current job but for different products. As of right now I own 100% of the idea and potential business. What I am having an issue with is that I am managing everything while working my full-time sales job which is definitely manageable since I work from home and on the road 90% of the time, plus it gives me good contacts, but I can't dedicate 100% of my time to the idea. The question is should I keep doing everything myself and retain 100% ownership or when does it make sense to bring people onboard. I think I can get the first version of the site up and running by myself and then start doing my sales thing after that. I have spoken with attorneys and retired VP's from my industry who have said your better paying for everything yourself unless the person you bring onboard is going to be able to do a lot of heavy lifting. Any thoughts here about this? The other thing is I really only have around $40,000 to invest; I might be able to scrape some other money from my family when things start to take off. I can definitely get the first version of the site built for that as my web developer who is very interested in the project said they can get the first version up for 10-15k. I haven't figured out my marketing strategy yet but I will be meeting with a marketing advisory this week. The other thing that I am trying to figure out is how long it's going to take the site to generate revenue with our current business model which generates revenue through subscriptions. But similar to the yelp.com model I'm concerned the customers aren't going to want to subscribe till there are a lot of users on the site and by that point, I might run out of money marketing the site. Any guidance would be great as I'm trying to figure my strategic next steps. [link] [comments]  |
| Posted: 09 Apr 2019 02:58 PM PDT I just joined a young company of about 200, of which I am managing a small team of 6. The team is quite junior, and I barely have had time to get some insight into what is going well and what isn't - I've been there for a week so far. Today one of the juniors came up to me, and asked for a private conversation, during which he said that he felt that he has grown a lot and would like a mid-level title and according salary. The catch is that he had a very different background and needed a lot of time to learn on the job. So he has about a year of actual experience in the field. How would you handle this? I don't even know the budget yet for the team and how to handle the balance of junior/mid/senior level people within it. I'm not asking whether to recommend him for promotion or not, but rather on how to handle the situation until I can figure that out. [link] [comments]  |
| Posted: 09 Apr 2019 10:50 AM PDT |
| What exactly is a "founders compensation"? Posted: 09 Apr 2019 12:50 PM PDT I thought it was a one-time "compensation" and outside of salary for the founder for having worked so hard yet some online searches make it seem like it's just salary? Which makes me want to ask another question, when a startup gets funded does the founder get anything beside his own salary (in finances)? Say a company got funded for $10. Investors give 50c (besides his own salary) to the founder for his own usage. Does this happen? Or do investors allow him to have only his monthly/annual salary? These have been bothering me for a long time now so wanted to get them clarified from a more personal source. Thanks for the answers. [link] [comments]  |
| Posted: 09 Apr 2019 04:33 AM PDT Hey everyone, So I've been working with a colleague over the past few months to finish the prototype for our mvp. We have made considerable progress, and are planning for a may 1st closed beta release. We created the landing page to gather emails and gauge interest in the product(SaaS), however we are having a tough time getting things off the ground. What methods and platforms should we use for advertising our landing page? Are there any good subreddits to post a link to our landing page in to get some feedback? Any advice would be appreciated, as I'm currently feeling stuck about how to move forwards. Thanks so much for reading my post, and looking forward to reading the replies today. :) [link] [comments]  |
| Does anyone here hold an Estonian E-Residency? What's your experience so far? Posted: 09 Apr 2019 04:51 AM PDT Recently I learned about the Estonian E-Residency and I've only heard of the many benefits it offers to startups, at times it almost sounds like a scam. So, I am curious about its downsides. I've seen some subreddits on the matter but they all seem to be old, and we know how things change fast and what was relevant at the time when it appeared in 2014 might not be now, 5 years later. Can you share your experience, how it has helped or damaged your business so far? Would you recommend it to a fellow entrepreneur? What's the best and the worst thing about it? Is it really worth it? [link] [comments]  |
| Launching a regional app on product hunt Posted: 09 Apr 2019 02:45 AM PDT Hi guys, I have a quick question regarding launching an app on product hunt and I was not able to find a specific answer on Google - I hope you are able to help me! To get a little more in detail: I want to publish an app on product hunt which is yet only functional in a country in europe. Do you think this is still a good idea or will I be reviewbombed with 1* reviews because the app is not working (outside of this specific country). What are you thoughts on launching a regional product on producthunt? Does it make any sense, at least from an SEO perspective? Thanks! [link] [comments]  |
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