Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products |
- Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products
- I own 90% of my company. My co-founder owns 10%.
- How to bring someone into your startup?
- Invitation Only VS Opened Beta Launch?
- Complicated capital raise
- Creative ways to validate a concept?
- Launching a new dating site
| Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products Posted: 28 Jun 2019 06:09 AM PDT Welcome to this week's Feedback Thread. This is the place to request feedback on your ideas and products. Be sure to give feedback if you are requesting feedback. Equivalent exchange goes a long way towards reaching your own goals and it makes for a stronger community. Please use the following format:URL: Purpose of Startup: Technologies Used: Feedback Requested: Additional Comments: Post your site along with your stack and technologies used and receive feedback from the community. Please refrain from just posting a link and instead give us a bit of a background about your creation. Feel free to request general feedback or specific feedback in a certain area like user experience, usability, design, or code review. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| I own 90% of my company. My co-founder owns 10%. Posted: 28 Jun 2019 09:43 AM PDT That said, profit distributions (LLC) need to be made in proportion to each members ownership stake. But the thing is, my partner always wants her full 10% of quarterly profits (which is fine by me -- it's her equity), but I don't want to pull all 90% and would rather keep most of that in the business to reinvest. How do I manage this? [link] [comments]  |
| How to bring someone into your startup? Posted: 29 Jun 2019 12:19 AM PDT I'm a web developer and I'd like to expand what I offer by working with someone. Obviously at this early stage, I can't pay a salary because I hardly earn enough myself! How do you bring someone into a business without a salary? Can they just be doing what I do (basically freelance) but we work together and help each other by putting into the business? I'm not asking how to make someone work for free, just asking what's the best way to partner up with them under the banner of a company. I think that we would both be able to increase our earnings by offering more together, and I'd be happy to sign some sort of agreement with someone, or bring them in as a partner in a new business if we had to. [link] [comments]  |
| Invitation Only VS Opened Beta Launch? Posted: 28 Jun 2019 06:34 AM PDT Hey guys, I'm having doubts wether I should go for an invitation only beta or open for my startup. The startup is a plataform that has a lot social features in it, focused on community and small groups settings. This means that the more ppl in it, the better (network effects). But we kinda worry about the right users getting in it, scaling with no control, and that this would somehow get in the way of our search for market fit. We had plans in starting local too. We have done 3 different types of MVP already just to make sure of the problem, and now we got the first version of the scalable product. But, we have only 25 alfa users so far (intentional). I know a lot of startups started with invitation only, then went to waiting lists, then opened up. It seems a good Idea since we are very frugal with very little Money, the exclusivity of the product in theory would make it more attractive. It seems important to mention that our plataform depends on people in it. Since we are frugal, we can't afford to give money or products in return, so it may not be very attractive at first, which is why we are brainstorming around invitation only. We are considering developing some kinda of non monetary reward to whom invite people, something kinda like "invite people, if 5 conversions happen, get a unique badge in your profile", pure gamification. Could you guys help me? If I opt for invitation only, what things should I be aware of? What seems to be the best strategies for early adoption of each case? [link] [comments]  |
| Posted: 28 Jun 2019 08:02 PM PDT Hi everyone, I come to your creative minds asking for ideas and hopefully similar experience on a capital raise in a startup. I am part of a medical start up, for some years we have built a good base of clients and a really good reputation in the city we work at. Which is why after we bought a pretty big land close to the city center to build a new modern medical center we got some unexpected offers, with surprisingly lots of people with lots of money willing to invest and help develop this medical center. We really need investors since developing what we want is extremely expensive. The problem is that for the past years we have manage our business as follows: we are 4 owners with different stakes in the company, each of us is a doctor and we make money from medical studies and consulting. For medical studies profit which involves usage of the medical equipment owned by the company we divide it according to the stakes in the company each of us have after we payed off our employees, other expenses, and saved money for future investments. And for consulting profit we take to our own pockets according to the work you put into, basically how many patients you worked with without taking into account the stakes in the company(of course we also use some equipment owned by all of us). Basically none of us 4 owners have a fixed salary, our income depends on our own work each month. Now back to the capital raise. We all agree we need this money, but how can we accept a new owner who isn't a doctor so doesn't produce a profit like the rest of us? How much equity should we give them? Will our current business model be a problem since the new owners won't get payed much? Any ideas how we could do this? Thanks a lot for your time and have a great weekend. Edit: So basically we getting offers from people completely unrelated to the medical business. We are from a 110k people city so we all know each other. This one investor(who made many real state investments) asked to meet us because he heard what we wanted to do(idk from where). During the meeting he said with us he was willing to go for something new since he knows the work we are doing, how we work and that our project is exactly what the city needs. He also said he knows other investors willing to make an investment but none has ever been part of a business like this yet they wanted to get equity not to provide a loan. Basically with the capital raise we could get a really big loan from the bank and finish the project really quickly. [link] [comments]  |
| Creative ways to validate a concept? Posted: 28 Jun 2019 04:56 PM PDT Hey all, I'm taking a dive into the clothing industry (mens undergarment/sportswear to be exact) and am looking for a few creative ideas for how to validate my concept. Without going into too much detail, the products have a design modification from traditional sportswear that my team and I believe will stand out from competitors and perhaps open a new segment entirely. What are some ways to validate our concept aside from the following: - Surveying sportswear shoppers - Affiliate testing (sending demo products to athletes prior to launch) Thanks for any suggestions. [link] [comments]  |
| Posted: 28 Jun 2019 09:47 AM PDT Hey guys, I hope this is the right place to post this. I am in the final stages of launching a dating app. However, I got carried away with the design part of it that I pretty much neglected the legal aspects. Do you guys know what kinds of permits or licenses I should have to best protect my self and my app from being stolen? At the moment I don't have an LLC or any form of legal protection. Any input will be greatly appreciated. [link] [comments]  |
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