Startups Share your startup - August 2019 |
- Share your startup - August 2019
- Fundraising Thursdays - A Forum to Ask About Fundraising, Investors, Accelerators, and Other Sources of Capital
- I made 71 restaurant/bar cold calls and followed up with emails to get 3 leads that said they might think about it. What do I do next? Walk in?
- Seed investment (millions) with hardware proof-of-concept only?
- I'm looking to sell a fun social networking platform we built.. How should I go about this?
- Do people who are willing to work on commercial projects for free exist?
- % of equity to ask for, for my role?
- Started a tourism company. Need advice on how to move forward. Help needed.
- Setting up an online business (UK based currently) - feeling a bit clueless as to obligations and how to move forward.
- Creative ways to incentive and drive customer behavior?
- Earnings and Bank Account for my LLC
| Share your startup - August 2019 Posted: 01 Aug 2019 04:07 AM PDT Tell us about your startup! /r/startups wants to hear what you're working on! Contest mode is on, so remember to select 'Show All' to see all the replies. If you don't see your post, you probably need to load more comments at the bottom. Also, all posts are sorted randomly, so the sort function doesn't seem to work.
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| Posted: 01 Aug 2019 06:08 AM PDT Welcome to this week's Fundraising Thursdays Thread. Ask about anything related to fundraising, investors, accelerators, grants, and other sources of capital. That includes how to find these sources, how to work with them, and how to negotiate with them. 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: 01 Aug 2019 06:07 PM PDT My product is totally free to the venue, increases word of mouth marketing, increases foot traffic (tourists and locals), gamifies the customer's experience to build venue loyalty, and helps people break their habits of visiting the same bars/restaurants everyday. What do I need to do to get to the Marketing decision makers? Do I walk into each venue after calling and emailing? [link] [comments]  |
| Seed investment (millions) with hardware proof-of-concept only? Posted: 02 Aug 2019 12:37 AM PDT Hello r/startups, been lurking and learning here for the past few months becuase me and my biz partner are about to start seeking seed money for an electronics hardware invention that we have made and filed a provisional patent for. My question is how unlikely/likely is it for VCs or angels to invest a large sum in a electronics hardware invention in a pre-/seed round? I understand that software-only models are more desirable for investors. Basically my partner and I have invented something to the point that we have a working proof-of-concept that demonstrates that the tech is in-fact possible. The PoC is super clunky and not interactive, (built with parts from Best Buy and a 3d printer) but it accomplishes something many large companies have tried or are trying to do. However, we have reached the limits of what we can do with own funds, and my guess is to develop this to a MVP would take at least $3-5 million. I honestly don't know how we could bootstrap a smaller budget because the next step is a huge leap in custom parts and development. I know I'm giving limited info on the tech, but are there other ways to stage hardware growth without asking for a huge sum? Whats working for us is that it directly aims to disrupt multiple multi-billion consumer industries, and our patent lawyer has done all the prior art search and is very confident we will have a very broad and strong patent(s), which we have already filed the provisional for. What is not working for us (sort of) is 1) me and my partner have no prior startup or business experiences or track record. 2) the next foreseeable progression is a large investment to develop the hardware and software for an MVP or near-MVP prototype. 3) We have only a couple warm connections to deep-pocket investors, so we may have to do cold-intros Thanks for reading this far. I appreciate all the knowledge on this sub. EDIT: Just saw the weekly thread for investor questions, would that be a better place to put this? [link] [comments]  |
| I'm looking to sell a fun social networking platform we built.. How should I go about this? Posted: 01 Aug 2019 07:29 AM PDT We started building this social network as a side project over a year ago and we've decided that we're not going to continue pushing forward with it. It's a really great foundation and could be very valuable to the right person/company. We focused on a specific niche for our social network where we've gained over 10K users with no marketing, about 500 users return every single day, which is a good daily active user ratio. The beautiful thing about our social network is that it can be applied to any niche. There are some huge companies that have gained success with this model (i.e having multiple of the same app just targeting different niches) The app is currently available on iOS and Android with 4.7/5 rating and over 450 reviews. It's really in a prime position to succeed. How would I go about finding the right buyer for this technology/app? I'm convinced this could be very valuable to the right people. [link] [comments]  |
| Do people who are willing to work on commercial projects for free exist? Posted: 02 Aug 2019 02:32 AM PDT I've been looking for an opportunity to join an early stage startup as a technical co-founder recently and discovered something quite strange. I've been using angelco and it seems there are surprisingly many "positions" that mention both "no salary" and "no equity" (or a laughable 0.1-2%). Most of those are clearly regular commercial projects: not socially oriented open-source or something that would make one want to "volunteer". Is it now a thing? Am I missing something? [link] [comments]  |
| % of equity to ask for, for my role? Posted: 01 Aug 2019 04:05 PM PDT Hey, So I am joining a startup, retained as a consultant, but essentially my role would be equivalent to a coo or ceo. Its a supplement that requires fda approval and would be eligible for insurance coverage. My role is to get insurance companies to agree to cover it, politicians to endorse it as an alternative to more serious medications, state and federal government to subsidize it, and other similar roles. We have a side agreement for compensation on the vc dollars I raise. The product has already been manufactured, and they've sorted out distribution, patent and the basics. But its kinda my job to take a product and make it into a business, after which the owner wants to sell it. What percent of equity do you think this is worth? I was thinking say something like 25% if Im able to accomplish all the tasks set out. Thats pre-vc investment. So dilute that to 12.5% or so as we'd have to give away about half the company to fund it. What are your thoughts? (Obviously ive left plenty out, as I cant get too specific atm). Thanks. [link] [comments]  |
| Started a tourism company. Need advice on how to move forward. Help needed. Posted: 01 Aug 2019 12:29 PM PDT Hey everyone. I started a bicycle tourism company in my local city a couple of months ago. I built the website up on my own using a tourism wordpress theme that accepts transactions. I have decent web skills so I worked on it overnight everyday until it was finished. My love for cycling led me to do this. A little about me, I've cycled over 10,000 miles around the globe some solo expedition cycling/ camping and some with people. My goal was to find a way I can offer adventure and fitness to my local scene. So my company was born. While I do this on the side next to my day job, I was able to get 2 signups so far and take them on a tour. My tourism company is different from others where I offer them free photography and an action video compilation after the ride for them to share online with friends and family. I have 4 tours so far. 3 of them are $45 which is competitive I believe since others local in my city offer $25 to $30 with crappy bikes. I work with local shops in the are so that they can also get business so I get my bikes from there. I've been doing a lot of thinking on how I can get more people and build a following. I currently have a YouTube channel that is dedicated to cycling with 1k subs so far. I just started a free weekend group ride for people who want to get into cycling and test out their fitness. This starts on Saturdays at 7am sharp and is an intense ride that's 30 miles with 2000ft of climbing. I've been promoting it on my YouTube channel and through my Instagram. I was able to get 6 signups from that. I really want to offer value and so I thought if I were to give them a free ride like this I can use their thoughts for testimonials. I have a small email list of like 30 people so far. I'm wondering how else I can get the word out there. Should I be paying for advertising using Facebook. I got 6 so far from just building content and using my YouTube channel to talk about what I'm doing leading by example. I would love to make a living out of this and be happy. I even thought about a web subscription to charge people on basic how to vids for cycling/ training. All help appreciated. [link] [comments]  |
| Posted: 01 Aug 2019 10:06 AM PDT Hi, I'm looking to set up an online ecommerce business and have website set up already, with some products featuring my logo/brand name and I also have a facebook page with a few thousand followers. I haven't been selling or even advertising yet but want to start taking this more seriously as a business and I'm a bit unsure about how to go about it. One thing I'm unsure of is how important is it that I register my company/name soon? Can I just begin trying to see if I can make money with this without registering up front or am I taking a risk in doing that? What are typical costs and obligations if I do register my business? Then...I have some concerns about effects of brexit on any business like this. See, the majority of my customers would be in the EU (and generally non British EU customers). If I register here in the UK, am I going to then run into problems if/when Brexit happens? Is it better to register in the EU/is this even possible? Finally, I have even considered moving myself to a non British EU country before brexit...would this make it difficult if my business has been registered in Britain? Thanks - Even if you can only answer one of these questions then i'd be really interested in your response as currently I feel a bit clueless about this side of business! [link] [comments]  |
| Creative ways to incentive and drive customer behavior? Posted: 01 Aug 2019 04:28 PM PDT I work for a successful startup and really want to influence our customers (partners) behavior, but am having trouble coming up with creative ways of doing so. Essentially we provide our partners inventory as well as the hardware and software to manage that inventory. Successful inventory management with minimal loss and leakage requires our customers to count their inventory on a weekly basis, should only take a few minutes. We have designed the UX to be as simple and quick as possible. But only 12% of our customers do so. What creative ways have you all used to incentive and drive healthy customer habits? I don't want to be stuck in a box of reminder emails etc. because that only gets you so far. Any stories and suggestions will help get the creative ideas flowing, thanks! [link] [comments]  |
| Earnings and Bank Account for my LLC Posted: 01 Aug 2019 08:44 AM PDT Located in New Hampshire, in case if that matters. Hello Reddit! [link] [comments]  |
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