Startups Share your startup - November 2019 |
- Share your startup - November 2019
- Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products
- Sold the company
- Where does business strategy, vision, competitive advantage all come together?
- You know any tech startups or big tech companies that have the particularity of not being created by a programmer?
- Would you buy a starter kit when moving to a new country? [Feedback needed]
- Starting a company at 19 y/o with my 17 y/o sister
- Website personalization for non-FAANG companies
- Can a former business partner sue on an idea?
- What is a good Founder/Investor equity ratio in startup
- How to market a product without money?
- HOW to write a contract for two dimensional startup?
- Is having your title as an email address in bad taste?
- Targeting multiple sectors at same time vs focusing on just one - advice/resources please!
- Is there any real benefit of becoming an Open Startup?
| Share your startup - November 2019 Posted: 01 Nov 2019 04:07 AM PDT Tell us about your startup! /r/startups wants to hear what you're working on! Contest mode is on, so remember to select 'Show All' to see all the replies. If you don't see your post, you probably need to load more comments at the bottom. Also, all posts are sorted randomly, so the sort function doesn't seem to work.
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| Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products Posted: 01 Nov 2019 06:08 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]  |
| Posted: 01 Nov 2019 01:28 PM PDT i've been a very long time lurker here and have really enjoyed the discussions here. the number of (scary) smart people here is astounding. I was a technical co-founder of a startup, we started seven years ago. Got some investment money, built an amazing and unique product that our market at first couldn't make heads or tails out of but then started to realize "oh wait, this is how the modern world works now." We got some customers, revenue here and there but never cracked how to do sales, even with the other co-founder being the "sales guy." About a year ago we had to start shedding headcount (not that we had a lot) and the investment dollars dried up, i had to go part time while still trying to service the handful of customers we had and keep the lights on. fast forward to about three months ago we started talking to a big company in our space, they got excited about what we could do and said, "here take some money, keep the lights on, go back to full time" and that's what I did. Skipping to September, they said "yep, we're interested lets do some diligence" and that took a month, then another month of lawyers to work out terms and create the paperwork (the sheer amount of paperwork shouldn't have surprised me, but it did) then to today, the closing happened. this was not a success. my equity was worth nothing, the investors did not make back their investment (that sucks). but for the 2 of us that were left we both got really good jobs continuing to work on the product we spent the last seven years building (the buyer is adding us to their core offering) and the seven years of constant dread, panic, anxiety and the burnout that comes along with that can finally end. That's why i wouldn't call this a flat out failure. Some things I've learned: sometimes you can't define a thing has a straight success or a straight failure, the universe of grey applies here. Being a one-person engineering department is for the birds. Over the years I've had some help, but the vast majority of the product has been written by me (granted some of my best work is in this, and also some of the things I'd like to forget are also in this). Our buyer is committing to building a team around me, so that's a relief There will most likely be a "next time" for me, but when I do do this again (i am getting a bit older though) i won't be ceding as much control as I did as a co-founder (letting the other co-founder run the board, make decisions without consulting me etc.) that will never happen again. know more about the intricacies of the market, especially how long the sales cycle really are. the market we are in, the sales cycles are painfully slow (12-18 months? sure why not!) if i work with another co-founder who has emotional regulation issues, be upfront about the unacceptability of emotional outbursts are earlier (i waited too long, and i think a big part of our problem was our CEO acted more on emotion than logic and facts) There are more I'm sure! But it's all done now. On to other things. [link] [comments]  |
| Where does business strategy, vision, competitive advantage all come together? Posted: 01 Nov 2019 10:04 PM PDT How should a company look to build towards the vision (with which specific customer segments), while having a specific competitive advantage and specific capabilities. Should the business link the customers to the vision to the competitive advantage, and capabilities? It sort of makes sense at some point to connect them. Apple has innovation, marketing, branding, customer service, which connects > customer and vision. It all is connected in an effective way. I think it makes sense to grow the capabilities and the branding, marketing, product really well, and then slowly weave it all together to the customer and vision as the company matures? Do you have input on this, or are there any topics on creating that alignment? [link] [comments]  |
| Posted: 01 Nov 2019 07:14 PM PDT I'm interested in learning how those people made it or even if you are one of those share your story... It will be helpful for lots of people (including myself) that are trying to get into that world without prior coding experience or not being a pro [link] [comments]  |
| Would you buy a starter kit when moving to a new country? [Feedback needed] Posted: 02 Nov 2019 01:37 AM PDT Hi, I've got a business idea to provide 'starter packs' for people who will be moving to my country. I live in Singapore which has a lot of people moving here on a consistent basis. Often times, when they move here, they literally have a suitcase and will have to purchase everything to start their life. My starter pack would make all that easier and quicker for them. I'm not sure if it would be cheaper (unlikely). It would contain items like (bathroom care, bedroom basics, kitchen basics, day-to-day necessities like train cards). What do you think? [link] [comments]  |
| Starting a company at 19 y/o with my 17 y/o sister Posted: 02 Nov 2019 01:25 AM PDT For the past year I have been working with my dad's courier company and feel like I have learnt a few good things here and there. I have always grown up in a business oriented family, my dad and all his brothers grew up in poverty but all made their own businesses and are quite successful (multi-millionaires). I always wanted to start my own business and had an idea for a E-commerce business. I feel like I have chosen a market that I know well but may be very hard to break into. I don't have much money saved up but I don't know how much I will need to get it going. The website alone could be $3000+. My partner is going to be my 17 y/o sister. She doesn't have as much of a business mindset as me but she is very well educated on E-commerce and went to a top school for it. All I'm really asking for is any tips or advice people may have. If there is anything we should watch out for. We have already been quite pro active in it by buying domain names and have been in talks with multiple manufacturers. We are creating a business plan which spans over the next 7 months just so we get it right first time. Please help if you can we would really appreciate it. [link] [comments]  |
| Website personalization for non-FAANG companies Posted: 02 Nov 2019 01:19 AM PDT Hi guys, A couple of days back, a friend who runs a startup asked for my opinion about improving his conversion rate. Aside from the usual tips and hacks, he requested something far more advanced due to the nature of his startup. (FMCG company - retailers, college goers, company). That led to me to write the below blog post and sharing it with the wider community for non-techie folks. Do let me know in case I have missed out something on website personalizations https://jay.kanakiya.in/blog/website-personalization-for-non-faang-companies/ [link] [comments]  |
| Can a former business partner sue on an idea? Posted: 02 Nov 2019 12:26 AM PDT I met a business partner (lets call him John) who was interesting in developing an online platform. John is specialised in business, whereas I am an engineer. We talked for a year on how we would build the platform, as I had experience on such platforms. He said he had funds to do the startup, and could offer me a contract for a certain sum of money such that I work with him. I didn't have funds, but needed the money at the time to support myself while building the business. Before seeing the contract, I shared a draft of my vision of the platform with one of John's close friends (lets call him Jacob), but did not tell John directly. I shared the vision to check if it made any sense. Jacob said it was a fantastic idea, and that I was the right person on the team. When it came to the contract, it was of a different nature than discussed and the terms were lopsided against me. I had a meeting with John, and came back with amendments to the contract in order to meet him halfway, but he rejected them. He then insisted I tell him of the vision, because he heard from Jacob that I had a good set of ideas on how to build the platform. This was during the contract discussion where I had not yet agreed to sign the contract. I told him I was not ready to discuss the vision, and that I would sleep on deciding whether or not to sign the contract based on his terms. The next morning I told John that I would not sign the contract, and we parted ways. John was going to continue on building the platform with his colleagues/business partners in the company, while I decided to walk away from a bad contract on my own. Nothing was signed. Only time and energy was lost talking to him and sharing my knowledge, as well as some rough drafts of data and ideas. The vision itself was not shared directly.
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| What is a good Founder/Investor equity ratio in startup Posted: 01 Nov 2019 09:49 PM PDT Here's the setup: 8 Founders. Each effectively has the same equity as each is contributing in a useful way. Founders are not investing much money in total (let's just say zero to make this easy.) It's a software product and it is now a proven(testing against real life data but not yet installed) solution in an industry hungry for this solution. To make up a similar product with similar value let's say that it allows breweries to brew 5% more beer for the same cost. Expected revenues in year 3 could easily be a few million and it is a low cost to sell and install, so fairly high margin. Initially all profits will be poured back (see what I did there) into expanding development to expand lead over competition. To cover first year's operating costs the investments (investors are lined up) will be around 1 million. What would be a fair percentage to sell to investors for 1 million? I could give all kinds of details in cashflow and whatnot but at this stage we all know they are largely BS. [link] [comments]  |
| How to market a product without money? Posted: 01 Nov 2019 03:13 PM PDT Hi guys. I changed courses in college this year, from economics to CS. I decided to create a product, because that would force me to learn how to code and so I don't get to procrastinate. I always used forums/discussion boards(Orkut for 8ish years, then VK, now RealGM, etc). So I decided to create a discussion board and q&a to dicusss about business, marketing, selling, etc etc. But there's a problem: I have no money. I live in a 3rd world country so even working won't fix that. It's hard because it's a user generated service, so I need a decent amount of users. Thoughts? [link] [comments]  |
| HOW to write a contract for two dimensional startup? Posted: 01 Nov 2019 05:42 PM PDT Hello everyone,I had some IoT startup idea (which I'm not going to mention) early this year, gathered a team of software developers and another team for developing hardware module, development is so far so good in both of our software application and hardware device but we still have no contract between us. The thing is we have a software and hardware which can be used together or separate from eachother so if one sub-idea fails in market other [might] keep going. So what's the best way to split our stock? Should the team with failed product leave with no stock share at all after its fully cleared that their product failed? Or they should still have their share although the team don't use/require result of their work? [link] [comments]  |
| Is having your title as an email address in bad taste? Posted: 01 Nov 2019 06:18 AM PDT For example [ceo@domain.com](mailto:ceo@domain.com) as an email address. We're doing that in our company for ease of saying the email over the phone, but the more we do business with other companies, the more I see that we are the only ones doing so. So is it in bad taste to have your job title as an email address? [link] [comments]  |
| Targeting multiple sectors at same time vs focusing on just one - advice/resources please! Posted: 01 Nov 2019 05:01 AM PDT I'm a Product Manager at a startup, trying to find product-market fit. Our product is B2B software for process management that by its nature is generic enough to be able to be used by most companies. Obviously, we know we need to target a specific market/segment to give us a fighting chance at finding product/market fit. Right now we're trying to target a few different job roles and sectors using a variety of strategies, but as we're a fairly small team I'm wondering if we're spreading ourselves too thinly trying a few things at once, and risking doing none of them properly or well. But then again, if we only choose one of these to focus on at once, we're losing time trying a few different things and seeing what works. And how do you know how long is long enough to spend with one focus before moving on to something else? (Our small number of current users don't have that much in common, so we've kind of exhausted that data). Has anyone had this challenge before, and what did you do about it? Or could you point me to any resources that would be useful? [link] [comments]  |
| Is there any real benefit of becoming an Open Startup? Posted: 01 Nov 2019 01:25 PM PDT I have been thinking lately whether I should disclose all my financials and give access to the public (and my competition) to all my metrics. Do you think there is a real benefit in doing? Except from branding, I don't really see many other reason why I should disclose such info. But I'm sure I'm missing something. [link] [comments]  |
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