Startups Share your startup - May 2019 |
- Share your startup - May 2019
- Wednesday Social Club - Share What Events You Are Attending This Coming Week
- How to start a start up
- How would you handle a private seed investment of >$60,000?
- Startup Offer - Thoughts?
- Legalities of family and friends funding
- Trying to figure out how to make an idea a real thing if it's actually viable
- Is there such thing as a non-diluted share
| Posted: 01 May 2019 04:07 AM PDT Tell us about your startup! /r/startups wants to hear what you're working on! Contest mode is on, so remember to select 'Show All' to see all the replies. If you don't see your post, you probably need to load more comments at the bottom. Also, all posts are sorted randomly, so the sort function doesn't seem to work.
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| Wednesday Social Club - Share What Events You Are Attending This Coming Week Posted: 29 May 2019 06:06 AM PDT Welcome to this week's Social Club thread.Share what events and meetups you are going to so we can discover new ways to be social together offline and help grow your local community. Focus on sharing events that are happening within the next 7 days of this date of this submission. Anything that falls outside of 10 days will be removed, no exceptions. No duplicate posts. If you happen to be attending an event that is already posted, leave a comment to inform the community that you will also be there. If you are hoping to organize something on your own, outside of an existing event, feel free to use this thread to rally some people together to meet up. Please use the following format to share an event: Event Name and URL: Location: Event Date: Event Time: Event Description: Event Cost: Discount Code: [if applicable] Please use the following format to organize people to meet up together: Location: Purpose of getting together: Suggested Places to meet up: You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| Posted: 29 May 2019 11:49 PM PDT This is my debut post on Reddit so please go easy on me. Last year I took the plunge of leaving employment and go it solo - a mixture of unsatisfying jobs, not feeling fulfilled and annoying managers. Since then I have been doing a number of self employed roles, picking up money where I can and have secured myself a position within a company, money isn't great but it comes with complete autonomy and as many hours as I choose - purely to pay my bills while I build my own future. I have an idea which I would really love to run with and start trading - however I have a tendency to run full speed without thinking things through. I've been sitting on the idea for a few weeks in order to let it cool, critique it myself and try to find a reason it won't work. From my point of view it will definitely work but I am so biased I really need a second, third and fourth opinion. I've asked friends and family but they're so not business minded they either have little interest or just tell me what I want to hear. Does anyone have any advice of where may be a good place to turn to to discuss my proposal (ideally in person)? Thanks everyone [link] [comments]  |
| How would you handle a private seed investment of >$60,000? Posted: 29 May 2019 08:24 AM PDT I have a young startup that has just recently started to generate revenue (only around $200-300/mo so far), and I have a family member that is interested in investing around $60k in my company. I had initially intended to bootstrap it, but the money would be really helpful in hiring a part time developer to help me build features. If you were in the same situation, would you take the investment or not? And what would a realistic ownership split look like? I imagine he wants to make his money back so I'm not sure what that profit model would really look like. This is the first time handling investing for the both of us, so any feedback and guidance is much appreciated! [link] [comments]  |
| Posted: 29 May 2019 12:24 PM PDT Just got an offer and the equity package is 50K shares. As context, it's on Series B for 15M, and they are just operationalizing their go-to-market and pressing the gas pedal down to start making serious revenue - 50ppl work there. So, I asked what percentage of outstanding shares this was, they said they couldn't answer. So, I asked what the valuation of the company was based on the latest funding round, they said they couldn't answer. They said it may be fair to assume a share price of $15, but they hope it is much higher in the future....?? Effectively, they are telling me my 50K shares could be worth anything from the dust in my shoe to $15. Is this normal for a startup to be this obscure? Is this a red flag? [link] [comments]  |
| Legalities of family and friends funding Posted: 29 May 2019 05:41 PM PDT I would like to avoid offering family and friends equity in my start up. Instead, I would like to ask them for loan with a fixed percent return attached to it that would get paid back once (if) we are able to secure revenue. I'd like to make the loan as simple as a deposited check into a bank account that's tracked by a shared google spreadsheet for transparency's sake. Example: If person A invests $5000 and person B invests $200 both a promised return of 50%, then A would get $7500 and B would get paid out $300. Are there any legal pitfalls that I need to watch out with that? Is there any special paperwork that i'd need to have in place? [link] [comments]  |
| Trying to figure out how to make an idea a real thing if it's actually viable Posted: 29 May 2019 02:46 PM PDT I've got an idea and, beyond coming up with some abstract plans, am now venturing into unknown territory and am not sure how (or if) to proceed. Without spilling too many details, I want to create a company that specializes in making a type of wearable items (cheap stuff, think like costume quality, not prescription glasses or techy things) and some related products. The market consists of a lot of companies producing the product in one variation. However, there are very few (like 4) companies producing the product in all its possible, and arguably more important, variations. I predict that as time goes on, the "more important" variations I spoke of will become more popular. The said companies that are producing these variations of it are selling them at outrageously high prices for how simple and cheap-quality their products are. Moreover, I've been looking into these companies and all but one of them has any substantial social media and online presence. Thus, for all these reasons, I feel like there's a lot of success to be had in this niche market, and I think the market will expand and currently CAN be expanded with the right online publicity. This really marks the end of my knowledge. I don't know what role patents are going to play in this, if this is clear financial suicide, or really how to move forward from here. My thought is that a 3D model needs to be made and then sent to a manufacturer to get an estimated cost and prototypes. Then, I can begin testing the waters, selling, and making an online presence. Again though, have no idea where patents fit into this (I know they're expensive as balls :( ). Can anyone lend me some guidance? I take brutal honesty as well. [link] [comments]  |
| Is there such thing as a non-diluted share Posted: 29 May 2019 01:09 PM PDT I have an angel investor, but he wants non-diluted share. i.e if he gets 5% regardless of how we raise capital later or issue more shares his share of the company will be at 5% (can't be reduced) unless he sells them at a valuation determined by an independent auditor.
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