Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products |
- Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products
- What are the most clever "do things that don't scale" actions a founder can do, in order to scale?
- How to go back to a job after starting a startup?
- Launching new Facebook creative agency. Giving out samples in exchange for video testimonials. Anyone interested?
- What are your thoughts on limiting how much you promote your product if you think it's not 100% ready for wider adoption yet?
- How to list self available as tech co-founder?
- How do you know if you need more capital?
- Advisory board members, concerting to paid advisory board members. Fair compensation?
- Audiobooks for long drives
- Split equity across founders based on sweat proportion?
- Attracting Investments for a stock price prediction technology startup
- How to find a serial cofounder if you have a hardware mvp?
| Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products Posted: 11 Oct 2019 06:07 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. [link] [comments]  |
| What are the most clever "do things that don't scale" actions a founder can do, in order to scale? Posted: 11 Oct 2019 04:38 PM PDT Paul Graham famously said, "do things that don't scale" and advises all startups to behave this way in two areas in particular:
So what are the most clever instances of "doing things that don't scale" that you've heard of? [link] [comments]  |
| How to go back to a job after starting a startup? Posted: 11 Oct 2019 11:08 PM PDT What are the options when you exhaust your savings and your startup goes bust? Go back into the corporate world? How do you fit as a corporate employee after being a founder? A founder is a generalist. Being a corporate employee requires you to be a cog in a machine -- a specialist. I feel like as a founder, I may have become unemployable because my skills have become too vast with low depth. Wearing multiple hats have taught me various disciplines but not enough to add depth. I don't know enough of software engineering to become a software engineer at a tech company. Don't know enough of marketing to become a marketing manager. After starting a startup, I've become a jack of all trades and master of none. How will I even find a job now? How will I sustain? Future looks so bleak. [link] [comments]  |
| Posted: 12 Oct 2019 02:38 AM PDT Hi, business owner! Are you running Facebook ads? "Oh no, not another media buyer ad," you groan. Nein! This is not one of those. We're Ads Fellas, a small creative team, and we're offering video/image ads... for FREE. "What's the catch?" you say? ALL you've got to do is provide a video testimonial afterward. That's it. Seriously. What do we need from you to begin? - A brand guide (or some past and/or current copy examples) - Visual assets (give us what we need to execute) Questions: - Short form? Or long? (roughly 50 words +/) - Where in funnel? (TOF, MOF, BOF, Post Purchase) - List of words we should use vs. shouldn't - Who's the target audience? - What do you want the visual asset to be? (Cinemagraph, boomerang GIF, product use case, etc.) Please make sure to give us everything we need in order to execute. - Any specific appeal you want to use? (Scarcity, discount offers, etc.) - Anything else? All video ads delivered will be 6 to 15 seconds long. Please keep in mind that this is a test, so I may have to reach out and see what other info we need so that we can execute according to your expectations. Thank you, and I look forward to hearing from you! [link] [comments]  |
| Posted: 12 Oct 2019 01:32 AM PDT I've currently been working on a B2C project with another co-founder. I'm technical and she's not so I was in charge of building the software while she handled everything else (funding, marketing, design, legal, etc). I really believed in the problem we set out to solve (and still do) which gave me enough motivation to push out an MVP in about about 2 months by spending most of my nights and weekends on it. I figured once I was done, she would go all in on promoting the product and try to validate it with as many potential users as possible. I also work as a full-time software engineer too so I was pushing about 80 hour weeks in total. When the MVP was ready she showed it to a few contacts and decided that we needed to make a few adjustments before we could go all out on promoting it. These were mainly small UI fixes and a couple features that she thought we needed. I disagreed since I believed the core solution and idea was already built. Yes it looked like shit and those extra features were nice to have, but if users didn't like the core solution then those extras wouldn't have helped anyways. In the end I gave in since I also wanted to respect her lead in this area. After about another 2 weeks of work the product was looking a lot nicer and those features actually made the experience better too. I thought we were ready for a proper launch now but she showed it to a few more contacts and decided that we needed to add few more UI improvements and rework a feature because one user thought it was too confusing to use. Long story short, this has been going on for awhile where there's always one more thing to fix before we can do a proper launch and go all in on marketing. All the while the core solution to the problem we wanted to solve hasn't changed. I'm reaching the point where I don't really feel like building the software further until we can validate it with as many users as we can reach. What does everyone here think? Is it worth iterating the product silently with a small group of users and then once they're happy we go all out on marketing? Or would it be a better strategy to go all out on marketing from the first MVP and iterate from there? Our product is a B2C application, which means we would at least need 100K+ daily active users for there to be any chance of being a successful business. [link] [comments]  |
| How to list self available as tech co-founder? Posted: 11 Oct 2019 11:26 AM PDT I am a technical architect and developer in embedded and mobile devices field and have good technical coverage. I had been trying to be a tech. co-founder or some short of senior members in the product development chain. I had posted my portfolio in many places but not getting enough traction. And whatever comes to me are not so exciting as most of them ask to work for free or almost no money, few are kinda not so great to work with my own evaluation by seeing the future. What is the general approach tech. member do to get good role in the startups? I had organized a meetup group by self as well as webinar for some time but it seems too hard to get any right opportunity and like-minded. [link] [comments]  |
| How do you know if you need more capital? Posted: 11 Oct 2019 04:34 AM PDT I'm working on a note taking start up and currently I don't see when we need investments. My co-founder is a really good engineer and can code things in a very short period of time, so I don't think we need another engineer in the short term. We don't really need money for infastructure since servers are so cheap now. If we get a few passionate users after our launch, we should then focus on increasing the signup=>weekly active %. After that, we'd wanna work on better monetization methods. The point is, money can't really speed up these processes that much can it? The only stage where I think we might need lots of money is if we plan to do some mass scale marketing(IG, FB, Billboards). But I think we should only do that after we have paying users, or else how do you know people will pay? If we have paying users, why not just fund ourselves? I can see how investments may speed up this process, but at the same time is it really worth the big chunk of equity? Plus the effort it takes to find, negotiate, and maintain things with an investor. This question popped up because I see all these start ups raising money at super early stages before they have major traction and I don't quite understand where the money goes and how necessary the money is for their growth. Aside from older founders who need a salary to support their family, which I don't think is a majority(am I right on this?), what are the rest doing with the $$? I apologize if this is a stupid question or too general of a question. I'm a first time founder with minimal experience so I expect there to be some big blindspot that I'm simply not seeing atm. Any advice or criticism will be appreciated. The new rule change says no self promo, so I didn't link my start up to make the question more relevant, but if you go through my post history you can see what I'm working on. TLDR: how do early start ups spend their money? How crucial is capital for early stage growth? [link] [comments]  |
| Advisory board members, concerting to paid advisory board members. Fair compensation? Posted: 11 Oct 2019 03:50 PM PDT This is a general question... one of those, 'first thing that comes to mind' kind of thought experiments. A startup that I work with (and have an equity stake in), has brought on a pretty decent powerhouse of advisors. One of whom is extremely wealthy and if you know basketball, you'd recognize his name. Him along with three others, they aren't interested in compensation... however there are two others we want to bring onboard that we want to, at some point, offer shares too. This company if executed properly is going to be worth a lot of money and we are kind of unsure about how many shares is equitable (I say shares because I hate referring to it as equity percentage). The work would be minimal at first... mostly using them as methods for getting us in additional doors specific to their backgrounds. But at some point may require a little more effort. Regardless... we want to offer them equity. Just aren't sure where to start. 1/2%, 1%? How long til it vests? Any clauses to vacate the equity if they don't abide by their agreements? We have detailed partnership agreements for everyone currently involved. It's spelled out clearly. Everyone knows their roles. We have counsel that addresses any concerns with contracts/agreements, but they're not anyone I want suggesting equity splits. Be glad to clarify more... because I know this sub tends to like to read in between the lines and assume there is something missing. But let's just say this isn't our first project, it's not new, we are about to launch, we are funded, we have a lot of solid people involved... I just want some of that Reddit off the cuff guidance about what people would be comfortable with if they were advisors and were offered equity. [link] [comments]  |
| Posted: 11 Oct 2019 07:09 AM PDT So I'm going to be driving 12 hours total this long weekend (in Canada). I've already read
What other books do you guys recommend? I'm looking to build a health care software company. Right now we're focusing on communication aspects. [link] [comments]  |
| Split equity across founders based on sweat proportion? Posted: 11 Oct 2019 03:53 PM PDT Considering a small web service venture with two cofounders. We're not sure how much time we'll each have available at this point, but it'll be a side gig. Does tracking time spent on the business and splitting a set chunk (~70%) proportional to said time spent seem like a reasonable approach to equity splitting? [link] [comments]  |
| Attracting Investments for a stock price prediction technology startup Posted: 11 Oct 2019 05:22 PM PDT Hi all .. so I've been working on a prediction model for equity price prediction. Is there scope in setting up a startup around this technology (assuming the model is highly accurate in its predictions) ? I havent seen many startups coming up around trading technologies, hence my confusion. Any thoughts on this? [link] [comments]  |
| How to find a serial cofounder if you have a hardware mvp? Posted: 11 Oct 2019 07:49 PM PDT I'm about to finish my working prototype for a human-size telepresence robot. I'm starting a company, and the first step is to find someone who has experience in founding a startup, who also will play, preferably, but not necessarily as an investor. Experience and knowledge are more important at this point. But I have no idea how to look except emailing a bunch of people on linkedIn. Any advice is valuable. Thanks. [link] [comments]  |
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