Startups Wednesday Social Club - Share What Events You Are Attending This Coming Week |
- Wednesday Social Club - Share What Events You Are Attending This Coming Week
- What power/legal actions do investors have if the owner chooses to “ignore” them?
- Third party tried to inject themselves into my startup with the "promise" of funding connections for 10%. I killed it. Was I right?
- New startup founder seeking to understand the startup and VC world
- HELP- starting skincare line , no idea where to start
- How can a high schooler get a job with local startups?
- Should I tell my inspirational story if I have founded a startup?
| Wednesday Social Club - Share What Events You Are Attending This Coming Week Posted: 12 Jun 2019 06:07 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]  |
| What power/legal actions do investors have if the owner chooses to “ignore” them? Posted: 12 Jun 2019 04:16 PM PDT This is a noob question, I know. I'm trying to help a friend start a business, she is considering looking for investors. It got me to thinking, what if people investing in your business, especially after you business is well established, are disappointed in how you run it? Would they sue to get their initial investment back? [link] [comments]  |
| Posted: 12 Jun 2019 02:48 AM PDT Long story short a couple of months ago I got together with a good friend of mine to create a cybersecurity startup. Recently a friend of his from University that he caught up with a few weeks ago wanted to get involved. He came promising investor connections and wanted to help us with our deck. This turned into him having unsolicited conversations with investors without our knowledge and pretending that he was already a part of the company, outlining what all of our salaries would be, and how much we were looking to raise; all without consulting with us first. He also refused to say which investors he was meeting with, just that they were big etc... I've been doing this long enough to know that if something smells, it's best to just move on. But the story continues. After finding a lot of this out and setting up a call between the three of us (me, co-founder and the other guy), I come to discover that he was expecting 30% of our company for this help (if his funding connections closed), and was later negotiated down to 10% on this call. I took the call very professionally, was tactfully agressive, but who wouldn't be when someone with unknown investor connections is coming in to try and bend me over. This guy had no applicable skills, was a low level technical architect, and seemed to be a wantrapreneur, as he didn't even understand the basics of how equity worked, and that even if his investors said ok let's have a second meeting, that still meant absolutely nothing. Though he was pitching it like the money was already in the bank. He was just trying to be a part of the company any way he could. My co-founder thinks I messed up, but I declined to have an unknown person, with questionable business practices and even more unknown connections, come in and take a piece of what we're building just for standing there. There's money everywhere, it's a hard road, but I think doing it ourselves, without dead weight, is the way to go. Would love anyone's feedback. TL:DR Cofounders friend tried to inject himself into our startup hanging unconfirmed funding over our heads from his "connections" and wanted to join the team for 10% of the company if his funding connections went through. Kept everything secret from us, had meetings with investors pretending he was our CFO without our knowledge, and then tried to pressure us into brining him on. I was agressive tactfully, took a hard stance on what he offered, didn't budge, and he ended up running away scared. My co-founder thinks I messed up. What do you think? [link] [comments]  |
| New startup founder seeking to understand the startup and VC world Posted: 12 Jun 2019 07:28 AM PDT Hey I am currently working on creating a new startup (SaaS). I am a seasoned Product Manager, having built and worked on multiple products for small companies but also for Fortune 500 giants. I believe I know what I'm doing when trying to create something... What I don't know, however is how does the VC world work. Should I try to get seed investment? How to pick the right accelerator and does it make any sense for my startup? What are rounds A,B, C? What's pre-cash vs post-cash difference? How to split shares amongst the founders team? Should I offer stock to employees? I don't understand these things... Are there any good books on this / on how to be a good founder in general? Or at least some articles? Videos? Thanks! Note: My startup is currently in the ideation-prototyping phase, me and my team are working on creating a MVP version on top of our daily jobs. Nobody is getting paid. [link] [comments]  |
| HELP- starting skincare line , no idea where to start Posted: 12 Jun 2019 06:38 PM PDT Hi! I have finally decided to start my own skincare line , and not products you find in spas , think tatcha , drunk elephant etc. I want to start with one item and slowly build from there and I have a great idea of what I want to begin with , but I'm so new to this I'm so stuck! I live in Indiana , I have already got a domain and have trademarked my brand name. But what's next ? Any tips on funding , marketing , custom labs? I feel like I jumped in head first at this point Any help or advice would be much appreciated ! Thanks in advance [link] [comments]  |
| How can a high schooler get a job with local startups? Posted: 12 Jun 2019 09:41 AM PDT Hello, I'm currently 16 years old, entering the 11th grade and have always been interested in startups. I plan on emailing local startups to see if they'd offer any positions I'd be useful in. I'm not necessarily looking for pay, although it would be nice. I wanted to know what you guys think of this and if there is anything to avoid or include when reaching out to them. I have a pretty busy schedule so I can only work no more than 8 hours a week realistically and am just interested in seeing what it's like being a part of a startup. TLDR: If a student in high school emailed you asking for a position, unpaid or paid, how would you want them to reach out to you and what would you expect of them. [link] [comments]  |
| Should I tell my inspirational story if I have founded a startup? Posted: 12 Jun 2019 07:56 AM PDT Hi folks, I am the founder of a tech startup in England and I am currently going through the process of trying to raise a round of £100K investment. I'm a sole founder however I have a lead investor and 3 freelance team members. I've been working on our solution for the past 4 years and it's ready for market with PoC's done and a few paid customers. I recently had my 'life story' written as a 4 page document which highlights the personal struggles I've had since I was 18, and how I've managed to still pursue my dream of creating a company. This was an exercise I always wanted to initiate. I'd like to tell this story at networking evenings and at startup Events, as a human interest story which will inspire younger people that anything is possible. I unfortunately suffered with a debilitating mental illness for 8 years from the age of 21 and also got involved criminally, which ended up with me having to spend 4 months in prison. I've experienced social anxiety and depression most of my adult life, however I've now created a tech company which has successfully brought a product to market and leads in to the requirement to raise from private investors having secured sales. My concern is whether telling this story will hamper my march forward with my startup or should I simply be true to myself and acknowledge it's a part of the journey which shows my resilience and willingness to the success of the business. Thanks! [link] [comments]  |
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