• Breaking News

    Monday, October 28, 2019

    Startups Own your data on the web – 3 startups are working on taking the web back from tech giants.

    Startups Own your data on the web – 3 startups are working on taking the web back from tech giants.


    Own your data on the web – 3 startups are working on taking the web back from tech giants.

    Posted: 27 Oct 2019 10:49 AM PDT

    I read this weekend that three startups are working on ways to empower consumers to own their data on the web. I found this pretty remarkable and decided to share it here.

    1. One is developing a protocol that makes your personal online data into a virtual USB memory stick. Your photos and other information can be shared and seen on a site of your choice, but will not be stored on that site's servers.
    2. Another is working with blockchain, this startup is developing an overarching platform that would exist only as software on users' devices, and information produced by users would only remain on their devices.
    3. The third is disassembling all the data underneath your data, such as a text message, so that only your message is communicated, not all the personal information that comes along with it. The aim of this technology is to prevent data-collection by big web companies.

    With all the antitrust activities and anti-big tech sentiments, these startups can get way more attention (and should get way more attention) if their technologies begin to show real impact. Do you think such disruptive companies can succeed against big tech? In the case of these three companies, the question is even more important because in their success these startups may significantly undermine the businesses of big tech.

    Will consumers, who are so used to big and often free tech, switch over them? And more importantly, do you think this is that big of an issue for the consumers to bother with? Said differently, is this a "problem" in the eyes of our average consumers?

    Please note that I not in anyway affiliated with these startups and only learned about them by reading the news.

    submitted by /u/aaHBN
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    Combining Research And Sales

    Posted: 27 Oct 2019 08:11 PM PDT

    As a design thinking practitioner, I'm a big advocate of the "explain it to me like I'm 5" / beginner's mind approach. I was a consultant for years and have always done well asking lots of questions, especially as an outsider. This was something my clients explicitly valued and thanked me for. It's a principle I value and emphasize when I teach students.

    Unfortunately, a common fear in the start-up world is that if you ask questions, it makes it look like you don't know your stuff and you won't be able to sell you product. So (especially for an early-stage startup) any new potential customer you can interview becomes a "sales" prospect, and this seems to rule out interviewing them for the things you need to build a better product. It then involves "industry advisers" and other sorts of "user proxies". This makes it difficult to practice design thinking or any truly collaborative user-centered method.

    My opinion is it's about framing. A vacuum salesman who doesn't know about vacuums is not the same as an engineer bringing design and technical skill to co-create a product with its direct beneficiaries. In the former, you shop around and buy something. In the latter, you get to shape what you need and gain preferential status.

    How do you balance research/learning with sales when you're a startup?

    Do you know any good case studies or books on the subject? Something that shows it CAN be done through close and fearless collaboration, without concealing your ignorance but rather using it to your advantage.

    submitted by /u/vladmalik
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    Validating a business idea?

    Posted: 28 Oct 2019 01:23 AM PDT

    Hi Reddit, validating a business idea early enough before building the product is important and one key methodology is to setup a quick landing page, driving traffic to it and measuring an early access sign up conversion rate. The next important step is to change the product description or the pricing etc on the landing page to iterate and see how your conversation changes/improves.

    My question to those of you who have some experience in this, assuming I am not so much technically skilled to create my own landing page and integrating Google Ads etc what tool sets have you used for this specific purpose? Are there any website builders out there that are particularly suited for this, like quick landing page builder, A/B split tests and Google Ads integration with short term ad campaign capabilities?

    Thanks for feedback

    submitted by /u/marlouwe
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    So so so many questions....

    Posted: 27 Oct 2019 11:59 PM PDT

    A friend and I are currently in the process of building a SaaS product and are not totally aware of how to structure the company. He currently lives in NY and I live in OR. I have a guess on how it works, but I feel foolish not seeking any guidance.

    Since everything is remote, how do we set this up? Do we register in Oregon or in New York?

    Can we register elsewhere to gain any tax advantages (Oregon already has no sales tax, although next year we apparently have a gross receipts tax).

    When we hire employees, if we decide to hire them via w-4 and not as a 1099, do we have to pay taxes in their state due to us technically having a nexus there now?

    What are the pros and cons of a W-4 and a 1099 employee?

    Is there a good place to find an online CPA/lawyer/attorney for an affordable price?

    Are services like incfile sufficient to help draw up an operating agreement and all that jazz? Is it okay to do that yourself with a clause stating that once X revenue is hit (then maybe we can better afford a cpa)?

    Im sure theres more but I'm about to pass out. Hopefully this is okay to post, if not im sorry.

    submitted by /u/dbruce1990
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    Typically how long does it take to get any revenue?

    Posted: 27 Oct 2019 04:39 PM PDT

    This question might've been asked, apologize for potential re-posting.

    How much time does it typically take to get the very first customer, and how is it related to the business model and the problem being solved? (Meaning for some business it starts with revenue day 0, some will just take months/years, I don't know) I would love to hear some real stories.

    Our story as the context: We're making a B2C marketplace product, and having trouble bootstrapping the business. Neither me and my cofounder have any experience in BD, and all our cold emails ended up no response. This was about 1 month.

    We figured it's because 1) we don't have enough background to generate enough warm connections, and 2) we don't have enough users for business to get interested in. So we decided to focus on growing our user base for now, and have a rough idea of how many users will get at least one business interested in talking with us.

    Another 1 month passed by, growing users didn't go that well as I expected, and I'm really start to worry even with enough users, company might not want to buy whatever thing we're selling based on these users, this is all assumption. We could talk to some potential business customers, sure, and we did, but all they'll say is, "Sure, I can buy if you have enough XXX". But that's just talking.

    Seeing the money going down every day in the bank, I'm really worried this might never work, or I cannot see enough evidence we will make revenue ever or fast enough before we run out of money. I really want to see any whiff sign of revenue.

    I'm considering monetize the current users we have, and take a very lean approach: try different strategy/products with our existing users, make some MVPs with payment pages and test if they'll pay. Maybe draw some inspiration from existing products with working business model on the market and try to see whether I can get some paying users. That way, I'll be more comfortable that either this revenue stream can cover our cost giving us enough time to figure out the original business model, or this alone should be what we do instead of the marketplace thing which is very hard to bootstrap.

    What do you guys think? I greatly appreciate any suggestion on the general question or our specific issue. Thanks!

    submitted by /u/shivawu
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    Can I get sued for selling similar services as previous business owner

    Posted: 27 Oct 2019 09:16 AM PDT

    Hi, I'm in the process of opening and setting up a website for a business. I found a name and luckily it was available. However once I started researching the name I saw that the name was being used last year. They have the Facebook, Twitter and Instagram already set up but since I got their domain, I'm assuming they aren't using the site or social media anymore (last posts were from January 1 but I'm not sure if they will be planning to start again.) They were also set up as "LLC" I'm not really sure that it's legit though and they are located in India.

    My question is:

    • Is it possible for me to set up the site from North America, can I get in trouble?

    • I'm selling similar services as the guy in India, can I get sued if they find my site?

    • Can they threaten me to take down my site?

    • Can they start using my website name to get business again, how to avoid this?

    • What is the worst that can happen if they find my site?

    Tdlr; can I get sued for having and selling similar services as the previous domain name owner.

    Any help is appreciated!

    submitted by /u/yeswhodisforyou
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