Startups Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started |
- Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started
- Should I quit my job and join a startup accelerator?
- Expand ownership in a startup
- launching website
- How do CubeSat companies make money?
- How to form a partnership with a non-profit research organization?
- What's are some differences between normal startups & tech startups?
- Email List Count Prior to Product Launch
- Advice re: applying to jobs at start ups
| Posted: 02 Jul 2019 06:06 AM PDT Welcome to this week's Operational Roundtable Thread. Ask about anything related to legal, accounting, project management, or how to get started. Don't be shy. The purpose of this is to learn and share ideas and methodologies with one another. Any question is a good question! If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That's okay! We all knew nothing before we knew something. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| Should I quit my job and join a startup accelerator? Posted: 02 Jul 2019 07:17 PM PDT Mulling an opportunity to join a startup accelerator (Not YC or even TechStars, but well known, raised at least $100m+). I'm a first time founder here but I have met a potential cofounder (also first time founder but involved in VC space) and we have an idea and performed basic validation with user interviews to find out the pain points and whether our product would fit, we think we have something here that will help solve a legitimate business need. I believe in the idea and believe it has promise but I think the problem is our team may not have the right skills to implement it, it involves AI/ML which neither of us are an expert in but there are APIs available to do what we want to achieve which we can use for an MVP, the plan is to raise a seed to eventually hire in house experts. I have around 60K USD in the bank and the accelerator program should pay another 30K so I am not too worried about about finances for the first year, but I would estimate I would spend close to 40-50k of that easily because the startup is in a high cost of living area. My current job is in a high growth startup (9 digit funding round raised last year) with some equity. Its obviously hard to predict total comp but my salary is basically ~$100k + whatever stock is worth (hard to know, probably between 50-150k). It would be unlikely to match that if I quit, I think market rate for my skills in this area is around $80-90k I've hopped jobs already quite a bit (still early in career and trying to find a fit), probably staying in this job for at least 2 years would help to stabilize my profile for finding my next job and I am still learning a lot. Biggest thing is I'm slowing becoming unhappy with the lack of autonomy, its been a theme in my career I just hate being managed and work better self-directed. My biggest fear is not being able to replace this job with something even close in salary and having trouble finding a job because I've job hopped too much if this startup fails. My main motivation to do a startup is to learn as much as I can about running a business which could pay dividends later, I am realistic in that as first time founders I do not expect this to be a runaway success. What would you guys do, save more money, stabilize your career and give it a go another time so your fallback is better or just gut it out another year in a job you aren't truly passionate about but pays well and could learn more about the potential industry? [link] [comments]  |
| Posted: 03 Jul 2019 01:15 AM PDT I'm the CEO of a freshly started LLC I've created with two partners. We three own equal shares in the company, 33,3% each of the existing stock. We will not incur any profits to the company until q2 2020 and are covering our costs with loans and work financed with private money. Going forward, I feel the need to expand the group of founders. There are some individuals I would dearly like to tie to the company in exchange for a stake in the company. It's also very much possible that we'll need to take in an investin partner in the fall to secure the funds to keep going until we start generating revenue. So what is a good structure to create the possibiulity of offering new partners ownership inb the company, other than dividing up the undiluted stock? Any tips or experiences you could share with me? [link] [comments]  |
| Posted: 03 Jul 2019 12:59 AM PDT Hello Startup people! I recently started a tutoring platform for online tutors. I am a former teacher and current teacher so I am using my connections to get the tutors that I need. I am having no problems getting tutors but getting students for them is like pulling teeth. I feel like I built this site but now all I hear are crickets. We cater to highschool students and college students. What would you do? I know I should advertise more but I am not sure of the best options I could do ads on college sites or parenting sites I could do google ads I am hosting a back to school event locally where I will be giving away school supplies [link] [comments]  |
| How do CubeSat companies make money? Posted: 02 Jul 2019 09:22 AM PDT When a company builds and launches a CubeSat there not getting much but data. I guess you can sell Data but when a single CubeSat launch and build cost is around $50,000-$60,000 your most likely not going to make that back and won't make any profit. So how do they make money? [link] [comments]  |
| How to form a partnership with a non-profit research organization? Posted: 02 Jul 2019 11:25 PM PDT Hi r/startups, I'm working on developing my startup in the healthcare space and am looking at developing a partnership with a non-profit psychology research organization. Their output includes studies, education programs, and a variety of self-help material, but not technologies and parents that could be licensed into a product (although the education programs could be licensed at a future date). I'm interested in both their expertise and brand affiliation. I am looking to strike up a long-term partnership model, and was curious what types of financial models work with an organization primarily focused on research? Thanks! [link] [comments]  |
| What's are some differences between normal startups & tech startups? Posted: 02 Jul 2019 04:03 PM PDT Hey guys so i'm really new to the startup world here, and I apologize in advance if I made any mistakes with wording and terminology. I've heard about startups involving actual physical products like those that you see all over kickstarter, but there are also startups involving online products and services like Airbnb, lyft etc. and i'm assuming those are tech startups. What differences are there between normal and tech startups? Which one is easier/harder to launch? How different is the marketing for each kind of startup? Which type of startup would grow more in the future? On average, which kind of startup has less competition? Again sorry if i've mistakenly phrased some words wrongly, I'm not very knowledgeable in business and economics [link] [comments]  |
| Email List Count Prior to Product Launch Posted: 02 Jul 2019 06:28 PM PDT Is there a suggested amount of emails a company should obtain before the launch of their product? We have a mobile app in beta from now until September. We have about 20-30 people testing the Beta. Live App Store is Feb 2020. Critiquing the product from Oct-Jan. Launch in Feb. Should we have a certain number of emails prior to launch? We have less than 30 and i feel we should have a least 1-2k emails before launch. [link] [comments]  |
| Advice re: applying to jobs at start ups Posted: 02 Jul 2019 01:19 PM PDT I have been wanting to apply to jobs at start ups and send my in my resume but I wanted to know: do people do cover letters anymore? If so, are they in the body of the email that you send with your resume attached? How long/short are they? I just don't get the impression that people do formal/traditional cover letters anymore, so wanted to ask. [link] [comments]  |
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