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    Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products

    Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products


    Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products

    Posted: 02 Aug 2019 06:08 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.

    submitted by /u/AutoModerator
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    Is it popular for management-level employees of big companies to also serve as advisors or angel investors to startups?

    Posted: 02 Aug 2019 08:31 PM PDT

    So it's kind of like another job of their own maybe? In my head I had always assumed that these would be people who are dedicated to angel investing or advising. Of course now I see that there are people who live in both worlds, maybe because one helps generate leads for the other

    submitted by /u/shadiakiki1986
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    For those who followed the Traction: A Startup Guide For Getting Customers book's guidelines, how much did finding a successful traction channel cost?

    Posted: 02 Aug 2019 09:38 AM PDT

    I am currently reading the book Traction: A Startup Guide For Getting Customers. First, if you haven't read it yet I highly recommend it. It kind of reminds me of The Lean Startup.

    But anyway, the whole idea of the book is how startups can use traction channels (methods of advertising) in order to build a good customer base. A big concept in the book is that starting out, you should just experiment to find the best traction channels for your startup.

    If anyone here has actually created a startup (or tried) using this method, about how much did it cost to find a good traction channel?

    submitted by /u/jweir136
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    Mixing Friends & Business

    Posted: 02 Aug 2019 04:49 PM PDT

    I have a rapidly growing business that I am struggling to keep organized and keep on track. I am looking for someone to fill a kind of COO role. I don't have a lot of great leads and I am worried about the risk of spending money but more importantly time hiring the wrong person. One of my best friends would be perfect for the role and has asked about joining the company. The only reason I am hesitating hiring him is because I am worried it could damage our friendship. Does anyone have any experience or advice on what I should do? I feel like I know it is a bad idea for me personally but it would definitely be the right choice for the company.

    submitted by /u/sbrownell400
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    Upon startup acquisition, can exercised equity be re-vested?

    Posted: 02 Aug 2019 08:44 AM PDT

    Hi

    For people who have gone through a successful startup acquisition, has it ever happened that the acquirer company made you re-vest the equity that you already vested and exercised? And, if they did that, how did it work with employees who exercised their equity and then left the startup before the acquisition happened, bringing the equity with them? Were they subject to a new vesting schedule even if they were outside the company? Because that doesn't make a lot of sense.

    Intuitively I would say that all the vested and exercised equity should be paid immediately shortly after the acquisition (regardless of whether one is inside or outside the company), and the unvested portion might get a new vesting schedule?

    For this example I am assuming that the startup is selling at a price significantly above the last valuation, so all preferred shares convert to common and the terms were clean: 1X liquidation preferences, non-participating, and there was never emission of debt.

    To be more specific, I happen to be an ex very early startup employee who left with a significant amount of equity. I was able to offload some of my equity to investors who contacted me privately, but I held on to the majority, and it looks like the startup might soon get acquired, and from the rumors I heard the rest of my pot might be worth a significant amount (low-mid 7 figures).

    I will of course look for legal advice, but some tips one can get from experienced folks are invaluable as well.

    Thanks

    submitted by /u/bubuset92
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    Texting transactional links

    Posted: 02 Aug 2019 08:27 AM PDT

    Hey guys- working at a ticketing startup and we've had some confusion around text messaging links: what is allowed and what isn't.

    I heard a few years back that text messaging links was not allowed due to the "Helferich Patent" in which some patent-troll filed a patent for putting links in SMS messages.

    He apparently demands a hefty sum (hundreds of thousands of dollars) in order to license the right to send links in text messages.

    Does anyone know if this is true, or if this patent was eventually diminished? I can't seem to find much info on it

    submitted by /u/thestrandedmoose
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