Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products |
| Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products Posted: 08 Nov 2019 05:07 AM PST 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]  |
| Lesson learned, consider how much you are willing to fund yourself. Posted: 08 Nov 2019 06:08 AM PST Well our Kickstarter campaign is over, and we missed it by about 50%. Based on the data we got from our marketing and pledges, we are confident it is worth going into debt to fund the product and are doing so now. If we had set the Kickstarter level lower we would have essentially had a bunch of pre-orders and would have a better initial revenue. We are running a pre-order campaign with reduced pricing to encourage people who pledged to purchase and we have had pretty good success but not as much. So, if we are moving forward with the product even though we didn't meet our goal, we clearly set the funding goal too high. What led us to make this (educational) mistake? We determined the goal based on what we would need to get in order to launch the product with no debt. The question we should have asked, and done analysis on, was what does the goal need to be in order to make a clear business case that the product is worth the investment and gives us enough funding that we have financing available to cover the rest. [link] [comments]  |
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