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
- At what point should one founder realize their startup is purely a small business (or novelty) and NOT a startup?
- what's a non CEO/CTO title for a co-founder that does both business and tech?
- Co founder - Why is so important to have one?
- Tech startup without tech development?
- Open salary startup and salary negotiations
- Why there are no delivery services in rural areas ?
- 200 customers, $300 monthly subscription fee, 9 paying customers. Should I try startup accelerator?
- Best way to have a startup offer reviewed/edited as someone in their mid-20s that doesn't know these types of agreements or have the money for a lawyer?
- Is it possible to outsource an important part of my startup?
- How to market your startup to not be offensive
- Consumer Electronic Accessory Investors - Need Assistance Pushing My Idea To The Next Step
- How to start a nonprofit?
| Posted: 30 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]  |
| Posted: 30 Jul 2019 09:53 AM PDT Ive been thinking about certain current business models quite a while now on certain mainstream startups. At what point should one founder realize their startup is purely a small business (or novelty) and NOT a startup? For example, if one realizes their idea of a media publishing company is nothing more of a large blogging site. Should one pivot and/or not pursue any further? Or continue pursuing until 1) there is large traction/interest ; 2) founder finally stumbles upon a true business model? [link] [comments]  |
| what's a non CEO/CTO title for a co-founder that does both business and tech? Posted: 30 Jul 2019 10:52 PM PDT we're a team of three co-founders. im the CEO and mostly oversee business strategy, funding, product development, biz dev, etc. my other co-founder, let's call her Anne, is purely technical and is the CTO. we have a third co-founder, let's call him Joe, who does 75% tech and 25% biz dev. Anne has more experience than Joe and is full time hence why she is the CTO. The three of us have equal equity. What would be a fitting title for Joe? Joe currently has the title "president" because we don't know what else to use - does anyone see any issues if we just continue using this title? [link] [comments]  |
| Co founder - Why is so important to have one? Posted: 30 Jul 2019 03:02 PM PDT Hello, I have an idea for an app, I've been doing market research for month and I found that nobody is doing what I want to do. I start talking to one designer and two developers in order to start moving forward and at some point launch it and/or look for funding as I don't have money to invest now. My concern is that I keep reading here, in other subreddits and different websites that it's important to get a Co-founder and some times, VC won't invest in your business if you don't have a co founder. Can anybody explain me why is so important to have a co founder? And also, if anybody wants to give me any advice in order to move forward with my idea without money, I'm all ears. Thank you and may the odds be ever in your favour. [link] [comments]  |
| Tech startup without tech development? Posted: 30 Jul 2019 01:09 PM PDT Anyone have good success stories for businessperson founders who started a software company by outsourcing software development? I work in finance and sales and am planning to hire a software development firm to build a lightweight software product for me to take to market (I already have the product idea, features, and functionality mapped out). I don't know how to code myself and don't plan to hire a developer until I can afford one. Looking for some inspirational stories! [link] [comments]  |
| Open salary startup and salary negotiations Posted: 30 Jul 2019 05:37 PM PDT Hi, Hope someone can help me figuring this one out. Ive received an offer from a startup for an engineer role. The job as stated a range of 40k to 85k and I asked for 80k given that I'm a very experienced dev. They sent a email today with a 63k offer + shares. I feel completely low-balled. A few facts :
My reasoning right now is that I should ask for 75k now and 84k when investment comes through. It's my dream job and I'd be willing to lower my expectations a bit but I don't know how to bring the argument. What should I do? Thanks everyone! [link] [comments]  |
| Why there are no delivery services in rural areas ? Posted: 30 Jul 2019 11:30 PM PDT There is lots of development in urban areas but where as it's not happening in rural areas. If I implement a delivery service for rural areas to deliver any items from near by cities then, what are the benefits I can get and what are the major problems I will face ? I did draft work for implement the process but I need suggestions from you. All valuable suggestions are welcome. [link] [comments]  |
| 200 customers, $300 monthly subscription fee, 9 paying customers. Should I try startup accelerator? Posted: 30 Jul 2019 01:09 PM PDT Hey fellas! Unfortunately my knowledge about startup accelerators is somewhere near 0, that's why I am asking this question. So I have a little sass platform for crypto traders and crypto funds that has 200 total customers, 9 paying customers ($300/month from each). At this moment of time I feel a little exhausted, because I am a solo founder who has invested his own money and built a product, that was managed by myself. Right now I would accept some help in hiring tech specialists, marketing guys, some advices from business angels and of course, I will not refuse if somebody would give a good offer for investment. So my question is, should I join a startup accelerator? If yes, which country should I choose? Or better, which accelerator should I choose? I am based in Russia, but I travel a lot and don't care where to stay. Most of our clients are from EU. At the same time, I am afraid that if I will begin to fill random applications of different startup accelerators - it would finally kill me, so I would really appreciate your target advices. [link] [comments]  |
| Posted: 30 Jul 2019 12:49 PM PDT I recently received a job offer from the founder of a startup that includes compensation and equity. We negotiated numbers back and forth for a week or two and eventually settled on an agreement over the phone. He then sent over an operating agreement and vesting agreement over (around 40 pages). The issue is that I can't seem to understand it well enough to confirm what we discussed is reflected in the contract + that there are no potentially iffy sections/areas that I should be aware of. And this isn't my first job offer or contract—it just seems to be way more complicated (or at least the language is) than any other I've ever received. I've approached a few lawyers introduced through friends over the last few days but they've all quoted me $2,500+ to do a general review and propose/make edits. That would take a chunk out of my savings, and I'd prefer to find a more affordable way to handle this, if possible. How have you guys been able to reviewed offers like these and ensure things are right/make edits? Thank you! [link] [comments]  |
| Is it possible to outsource an important part of my startup? Posted: 30 Jul 2019 01:40 PM PDT Hi guys. I'm developing a fashion social media/ecommerce. Im a full stack developer, so the app itself i will create. The thing is, i want to put in the app machine learning/AI algorithms to improve user experience and engagement. But, im not an expert in this subject, so i was looking in to some Saas that provide that. The problem: the price is proportional to the number of users/actions. So even if i build an sucessful platform, i may not afford the costs. And investors always say that a good team is the #1 priority, so not having a parter in this area could be a huge thing. Thoughts? Edit: the title should be "is it wise?". English is not my first language. [link] [comments]  |
| How to market your startup to not be offensive Posted: 30 Jul 2019 10:39 AM PDT Hello, finally after 20 years of working as System Engineer I have created my first commercial project. Yet of course I still work at my current employer as this is my primary job and this "project" (that some already know what is...) is solely financed off my money. I hate ads, I find them offensive in many ways and I block them. Since all that years I was on the other side. Now I need to market my own project and the big question to me is how to do it without being offensive? Yes I am doing some reddit ads already and did google ads but I do not feel good about that. If anyone have some advice, please do. How to sell protect and yet not fall to the other side and be just another seller. Till now I made a numerous of open source project and I work daily for open source company(xmpp) and "advertising" open source is cool and people find you as interesting guy. When you start selling - that is another story. Thoughts? Thanks. [link] [comments]  |
| Consumer Electronic Accessory Investors - Need Assistance Pushing My Idea To The Next Step Posted: 30 Jul 2019 08:23 AM PDT Hi Everyone, I am not entirely sure if this is the best sub to post but it is the first one I thought of so maybe some of you can point me in the right direction. I've been working with an electrical engineer for a few months now and we have finally completed our design for a consumer electronic accessory. The target market is EXTREMELY niche but there are a few other 'companies' (maybe more like sellers) who are within the same category of my product. My product definitively solves a problem and from the close friends who've shown the product to, they all want one. So great. I've lightly proven my products worth and pursuing it is worth the effort even if it amounts to little to nothing. Here is exactly what I have in my arsenal related to the product:
Now that we are at this point of my post, I'll get to what I think I need in order to move my product to the next step and how I've been trying to accomplish that on my own accord. I'm a 24-year-old accountant specializing in manufacturing (convenient). However, I don't believe I have the capacity or the knowledge to bring this product from the CAD files I currently have to fruition. This is due to two reasons.
I've googled a few investor key terms to see if I could find a PE or Investment firm that would even be open to listing to my product. Unfortunately, I am of course pre-revenue and most of these firms won't even sneeze in front of you unless you have $1 million in sales. So, I've been reaching out to producers of similar products via social media and sellers on Amazon. I'm very weary with my opening emails and choose not to include any specific information of what my product is since I believe it can be easily replicated over the course of roughly 2-4 weeks (maybe even quicker). It is imperative that I am the first of its kind to the market and currently, with ignorance, I believe I am the closest to bringing it to the market. There have been similar products to mine that I've seen go viral on social media and believe mine will appeal to that same wave. Anyway, so far I haven't got any responses on any of my emails and direct messages... which I am really not surprised by. Really, I just need someone on the outside that would be willing to listen to my presentation, someone that is trustworthy and someone who is in the realm of producing consumer electronics. I'm to the point where if I don't try everything to try to get this moving, this might be one of those 'what if' things I think about the rest of my life. Again, if any of you could point me in the right direction to help me out, I would greatly appreciate it. [link] [comments]  |
| Posted: 30 Jul 2019 08:02 AM PDT There's a lot about how to start a for profit business but not a nonprofit. Specifically I'm asking things like what are the legalities you have to go through or is networking for a nonprofit different from networking for a for profit and etc? For example if I was trying to make a platform to unite charities and help different charities get funding how would I go about doing this? Any advice helps, thank you! [link] [comments]  |
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