Startups Wednesday Social Club - Share What Events You Are Attending This Coming Week

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• Wednesday Social Club - Share What Events You Are Attending This Coming Week
• I have an interview with a post-series A startup. I will be paid about $55k with the possibility of equity. What should I know about employee equity, vesting, dilution, anti-dilution measures, ect? What are some common traps and tricks bad founders will do? What are some red flags?
• How to find innovators with a freemium model
• Startup $50k MRR sale price
• Startup acquisition: can exercised and vested equity be re-vested?
• Need Help - Career Transition!
• Is it better to have a business email?
• Ways to present my info. product to not come off as scammy, cultlike. What are some graphics I can put?
• Broker Dealer/Financial Adviser asking for fee on funds raised without their help

Wednesday Social Club - Share What Events You Are Attending This Coming Week Posted: 31 Jul 2019 06:06 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. submitted by /u/AutoModerator [link] [comments]

I have an interview with a post-series A startup. I will be paid about $55k with the possibility of equity. What should I know about employee equity, vesting, dilution, anti-dilution measures, ect? What are some common traps and tricks bad founders will do? What are some red flags? Posted: 31 Jul 2019 01:11 PM PDT I just graduated college and I'm searching for startup jobs. I have my second startup interview coming up. First time around, I rejected because an alum from my school told me through the grape vine they were going under. Turns out there were. I wish I went through more steps of the process to just see how negotiations and equity stuff works. I studied finance in school, but they never taught us about startup equity. I've been reading blogs and guides to employee equity. I want to be as prepared as I can. Below I am going to post my current thoughts on the matter, I would greatly appreciate if someone could add to it and tell me where I'm wrong. Please share your experience with the matter. Ohh, an my last post on this account had bits of false info to keep myself anonymous. I would not recommend looking at it, because it will just mislead you for this question. So, here's my current line of thinking: Even though I believe in the product and the founding team, I should plan for my financial future as if it were not there. If I get it, that's just a nice bonus. It will dilute, and this is normal. I should not expect anti dilution rights, this is just part of the game and I should be okay with it. There is nothing I can do about it. Most of the value might dilute. It's very unlikely that I will be given a piece of equity outright, it will be options on a vesting schedule. Its a 2 year position. I should be mindful of this, because it's shorter then the typical 4 year vesting schedule and I don't have that much time to exercise the options. I should not take the job if they turn around and say "ohhh the potential salary ranges we posted on the job application were actually with equity included. Your actually making $35k plus equity." If they mislead on something like this, they are either untrustworthy bullshitters, in financial troubles, or both. The firm's valuation is private. I shouldn't ask about it until we get to talks of salary, benefits, and equity. I should ask how much they grew in the past few years, how much shares have diluted, and ask about their burn rate. I should have an idea of when the firm will become profitable. If a substantial portion of my payment is in equity, I should be aware of the financial happenings of the firm. I should know when they break even (if they haven't already) and should expect higher pay when they become profitable Equity is the least important bargaining chip in negotiations, what really matters is salary and benefits submitted by /u/SebatreePortal [link] [comments]

How to find innovators with a freemium model Posted: 01 Aug 2019 02:45 AM PDT My cofounder and I have the idea to sell a SaaS product we haven't developed yet through a freemium model via mass marketing. We want to sell subscriptions at ~10$/mo. Our goal is to shape and develop the tool with innovators, i.e. the folks willing to commit to pay 10 bucks a month once the first product is out, but before we have released anything yet. With this goal in mind, we are now wondering: How exactly do we find the innovators in a mass marketing environment? And how do we get / ask for the commitment from them? I'd love to get your experience / feedback on this. submitted by /u/__tobals__ [link] [comments]

Startup $50k MRR sale price Posted: 31 Jul 2019 09:54 PM PDT Hello, I have a 1 man very niche startup with 1000 users currently paying $50 monthly, its in the construction sector here in Australia. I have maybe 50 different companies that pay per user, and my price can easily be increased up to $100 month ( I'm keeping it low because I'm a one-man operation and want to suffocate all competition before they even start) I have a great advantage being its a very niche field and I own a company in the niche field in addition to the startup ( i am selling my software to the main business competitors ). What sort of valuation could I get for a startup like this? does it affect anything that it's Australian based?, the software could be modified and sold in the US market quite easily. I'm not in love with the software side and would be happy to sell, I just want to know what sort of valuation it could bring and if it's even worth hocking it off. Thanks submitted by /u/throwawaybadman111 [link] [comments]

Startup acquisition: can exercised and vested equity be re-vested? Posted: 31 Jul 2019 09:22 PM 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, 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, the startup I work for might get acquired soon at a good price, and I already vested and exercised pretty much all my equity. I'm trying to avoid the acquirer locking me in for a couple more years before having those exercised shares become liquid, and if a better alternative could be for me to quit before the acquisition goes through, I would be fine doing that (I'm already kind of burned out). I was a very early employee so the amount I'm talking about is pretty substantial (low-mid 7 figures). Thanks submitted by /u/bubuset92 [link] [comments]

Need Help - Career Transition! Posted: 31 Jul 2019 04:52 PM PDT Hi all, I'm currently entertaining a possible job offer from a fintech that just finished Series B with a $55M post funding valuation. Here is my dilemma: I make $200K/year with my main job and I'm comfortable, working on side hustles to generate a possible future career/company I can transition to. This fintech job would be much less pay ($80-90K) but with equity, of which we haven't negotiated yet. It would, however, be much more intellectually stimulating. I need help, what do I do? Do I even entertain the idea? Does it depend on the equity terms? Any similar experiences from you all? Thank you in advance! submitted by /u/kittykatzmeowmeow [link] [comments]

Is it better to have a business email? Posted: 31 Jul 2019 10:15 AM PDT Is it better to have an email connected to you website? For example is it better that your contact email has @yourwebsite or does it not matter and it's better to just keep it as @genericemail? Do people really look at that and think differently or is it that they just want to contact you so it doesn't really matter what your email is? submitted by /u/museumofmemeology [link] [comments]

Ways to present my info. product to not come off as scammy, cultlike. What are some graphics I can put? Posted: 31 Jul 2019 07:50 AM PDT Example: Graphics where our facebook comments about our product (example: yoga online + live support) displayed on the sign-up page What are some neat out of the box ideas we can put in a landing page to do the product info. market a service and not be another spammy, generic page? submitted by /u/raynorpreneur [link] [comments]

Broker Dealer/Financial Adviser asking for fee on funds raised without their help Posted: 31 Jul 2019 07:31 AM PDT We are currently fundraising after ~ 1 year of running our startup in the Bay Area. We are on the cusp of being accepted into an accelerator that on day 1 provides funding and aims to offer more funding after the program is over. We are also currently speaking with a Broker Dealer / Financial Adviser who is offering to raise capital on our behalf. The Broker Dealer is insisting on getting sales commission on ANY funds raised throughout the duration of our engagement with them (x months long). As a result, they are asking to get a sales commission on the funding we receive through the accelerator. This seems unjust. Does anyone have an opinion on this? edit: We haven't signed any agreements yet. submitted by /u/jimmy_ram [link] [comments]

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