Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products |
- Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products
- How did you successfully get funding?
- Should I find a technical Co-Founder or try freelancing?
- My investors have been leaking confidential information—What should I do?
- How can I get users?
- Who do you go to in the beginning?
- For SaaS/B2B Founders: Determining Whether Your Product Needs Work, Or Your Sales Pitch
- I am overthinking capturing a User and emailing/verifying them to allow site access
- Students from India want to register a startup with a UK based working professional. Which countries should we consider for registering the company?
- Have an idea... Where to begin?
- What does your startup do? Explain so that a second grader can understand.
- How do you decide the amount of money to ask from investors, venture capitalists and individual donors for your startup?
Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products Posted: 29 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] |
How did you successfully get funding? Posted: 29 Nov 2019 05:07 PM PST Hi everyone, How did you get funded in your early stages? I would like to get a better understanding of how much traction is needed and whether or not warm introductions matter. What was the timeline from when you first started to when you got your term sheets, to money in the bank? Did you bring in a board member? What was that like? Looking back on it, what are some common mistakes that you made during the process? We are currently fundraising and I am eager learn from the wiser:) Thanks! [link] [comments] |
Should I find a technical Co-Founder or try freelancing? Posted: 29 Nov 2019 08:15 PM PST Hey everyone, I started teaching myself to code for a business idea I had in 2017 while on a break from University (financial reasons). The initial prototype worked from a functional perspective, but was a shoddy job from a practical perspective (Firebase backend based off a udemy course). So I went back to the drawing board and built out a better system, separating the React Web Client from a RESTful API w/ postgreSQL. I put the finishing touches on the MVP this last January, and will be closing 2019, my first "fiscal year," with over $16,000 in revenue and $2,000 in profit. I managed to register 835 users and partnered with 5 non-profit organizations (it's a crowdfunding + philanthropy app). I'm brimming with new strategies to incorporate into the business, but I have returned to university to finish my bachelors, and work a full time job for the benefits. My free time is very limited with work and school, so I'm reaching a point where I need another developer to support me on this project. I've built a backlog of issues, and can clearly articulate the technical specifications of several epics to enhance the platform for continued growth. However, I'm in need of advice between freelancing for a few very specific stories to test the growth, or finding a partner/investor to do a proper startup. I currently hold all equity in the venture, and could reasonably afford a freelancer per prices on Upwork with estimated hours. TL;DR: Do I try to freelance to test growth slowly or find a technical co-founder? [link] [comments] |
My investors have been leaking confidential information—What should I do? Posted: 29 Nov 2019 02:03 AM PST Hello Everyone. My team updates our investors with a vlog every month. Then somehow, my little sister who went to University and saw that two freshmen are talking about my business. She asked me if my company has launched the product or publicize our brand. I replied," Not yet, why?" and she said, "two freshmen mentioned your company name and stuff at lunch table..." I pressed further to learn that one of our investors show confidential videos to one freshman. I'm pretty speechless about this one. What should I do about this? Any advice helps! [link] [comments] |
Posted: 29 Nov 2019 12:57 PM PST Hello. I finally finished my project. It is a really secure storage for your important documents. Only you know the encryption key. So, I posted it on some forums, here, on Producthunt and tomorrow will post on Betalist. But it is not enough. How can I get users for that interesting project? Thank you very much for the feedback. [link] [comments] |
Who do you go to in the beginning? Posted: 29 Nov 2019 08:29 AM PST Wanting to start a single member LLC. Confused by a lot of things from legal definitions to how to pay taxes. What kind of lawyers and accountants should I seek out for advice? I dont want to hire them to my buisness but you can pay for their time to sit down at their office and discuss things right? Edit: should mention i personally am investing in creating rental properties [link] [comments] |
For SaaS/B2B Founders: Determining Whether Your Product Needs Work, Or Your Sales Pitch Posted: 29 Nov 2019 05:40 PM PST Guys so this is a complicated question but a very important one. If you're like me and have founded/worked on a bunch of early early stage b2b or b2e startups, one of the first things you do is set up as many customer interviews or sales calls as you can and get as much feedback and "data" as possible on your market. I'm sure many of you use sales calls for similar purposes; to learn about their perception of your product as well as their perception of you. (And your sales team/processes) How can you differentiate product problems from sales process or messaging problems? For example, let's say you get a dozens leads on the phone. They love the product. But like most, once you get to the pricing - they check out and start making excuses. Maybe that market is not a great target customer...or maybe you should have eased them in over a longer period of time...done a trial, had a webinar. Obviously you don't want to keep changing your product to fit the whims of leads. How do you address this? [link] [comments] |
I am overthinking capturing a User and emailing/verifying them to allow site access Posted: 29 Nov 2019 05:32 PM PST I am not a technical founder - I am a consultant looking to scale my business by giving away reports/data that my already developed software platform generates. I have been to dozens of sites and registered as a "User" to get access to either a free platform. I enter my name and email and any other info, and then I get an email to verify, and then am taken back to the site to verify I did indeed create an account. Where I am overthinking... Is the account creation a function of my software platform (website); or is the account creation an integration of an email service - like Mailchimp - where I use their landing page to capture the info the User inputs? And then how would that info captured allow them to access the actual platform? I understand the flow process but just don't know how it all integrates and creates an actual account that someone can log in to. I want to sit down with a potential developer and pay them for their time, but would like a better understanding of the potential software integrations (Like Zapier, the email service, authentication, secure storage, etc). I hope this is clear enough... I have general knowledge of building a website/marketplace/SEO and other basic functions, but am a bit lost here. TLDR; Looking for a low-code software stack to allow access to web-based platform [link] [comments] |
Posted: 29 Nov 2019 09:21 AM PST We're building a software-based startup and can do everything remotely. We're at a stage where we need to consider registering this. Being students we have the limitation of being unable to afford flight tickets for flying anywhere. We were looking for options which would be best suited for the company and convenient for us. A few options we considered were Stripe Atlas (Registering in Delaware) and Estonia (https://www.startupestonia.ee/), both of which can be done online. We would like to be aware of what problems we would face if we went ahead with the above options and what would be the best thing to do given the situation. [link] [comments] |
Have an idea... Where to begin? Posted: 29 Nov 2019 02:43 PM PST Have an idea... Where to begin? Hi Guys! Background: BS in Finance and Information Systems. I also have a law degree and currently am working as a corporate attorney. Idea: Without delving in too much detail, I want to create an online market place for a niche product. In my State, the idea would be a new thing. I have not been able to put my idea on paper, but I have spoken about it with coworkers and believe it could take off as there is a need. Investors: The initial investors would be 4 people under the age of 35 (to take advantage of certain tax benefits), most likely my coworkers who also see a potential in the idea. One of them a CPA/attorney. Among the 4 of us, we can take care of the initial costs of setting up the online market place (e.g., coding, website, etc.). As corporate attorneys, we would have no issues creating an LLC, drafting an operating agreement, registering the entity with the appropriate agencies, etc. Potential customers: We are thinking of partnering up with several law firms and CPA firms who can definitely benefit from our product. We don't think that the customer acquisition costs will be high. Issues: We need a name. How do we come up with a name? We need to create the online portal. Who should we contact to create this website? Do we need to visualize entirely how the website should be set up? Should I prepare schematics of how the website should look like? What other things should we worry about? [link] [comments] |
What does your startup do? Explain so that a second grader can understand. Posted: 29 Nov 2019 11:25 AM PST Hey y'all - I'm filling out an application for an accelerator and they asked to write how you would explain your startup to a second grader. I facetimed my niece, who is in 3rd grade (close enough), and after a bunch of workshopping came up with this - which she said was (finally) VERY clear. It was a really useful exercise. Would love to see some of your answers (and maybe try to guess what you're workin' on) - here's mine:
[link] [comments] |
Posted: 29 Nov 2019 06:26 AM PST We are working on a hypothetical business plan. Right now, we are working on the financial part of the business plan but we are unable to decide how much money should we ask for in the initial stage. We did some basic calculations like living costs, the cost of the equipment that we will be buying and using and the amount that we decide is not really that big (it is just 5 of us at the moment). So, how should we decide the final amount? [link] [comments] |
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