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    Startups Share your startup - December 2019

    December 02, 2019

    Startups Share your startup - December 2019

    Share your startup - December 2019

    Posted: 01 Dec 2019 03:07 AM PST

    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.

    submitted by /u/AutoModerator
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    Previous company trying to buy back my vested shares for $1, aggregate. I don't think I can fight it.

    Posted: 01 Dec 2019 08:07 AM PST

    About a month ago I left my company. We were a very small startup, and part of my compensation package was equity on a vesting schedule. Half of my shares had vested by the time I'd left.

    I received an email from the CEO's lawyer titled "Notice of Repurchase." The CEO is exercising a clause in the original agreement that allows him to buy back all of the shares for $1.00. I was unaware of this clause until yesterday. The clause reads:

    Call Option for Class B Units.Unless otherwise specified in a Class B Member'sIncentive Agreement, if the Company terminates the employment or other type of relationship of a ClassB Member for Good Cause or a Class B Member terminates its employment or other type of relationshipwith the Company without Good Reason, in each case, within a period of five years from the date of thisAgreement, the Company shall have the option to purchase, and such Class B Member shall have theobligation to sell, all the Interests owned by such Class B Member at an aggregate price equal to $1.

    I would not have signed the agreement had I known this was in buried in there, but I have to deal with it now.

    My next action is to consult with an expert on the matter so I am hoping somebody can suggest where to look for that? Or a best next step to handle this matter.

    Edit: Emphasis on where can I find a startup lawyer?

    submitted by /u/ApivorousBee
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    Seed funding 101 (Helpful video)

    Posted: 02 Dec 2019 01:13 AM PST

    Hi everyone. I recently made a new video about seed funding 101 for physical product/hardware startups. Sometimes, the one of the biggest barriers to action is paralysis from simply not knowing what options are out there. It's my goal in this video to help bring clarity to entrepreneurs, inventors, startups, etc. on the subject of early-stage funding.

    https://www.youtube.com/watch?v=7VQgkCDE3Vo&t=10s

    Would love to hear your thoughts! I hope this video is of value to you.

    Thanks,

    submitted by /u/Dan_Engerer
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    To promote our new social network to students, we used flyers and social media but got no results. Am I correct to question flyers? What alternatives are there?

    Posted: 01 Dec 2019 12:46 PM PST

    I created this new social network, which is trying to be more sustainable than the others around, where you don't feel bad supporting or using it(Fake news, populism, hate & wrong expectations) trying to catch the sustainable-train and project it to the web.I think the network itself is appealing and just the marketing method is questionable, because in my opinion, it is a product, that people, especially students, would give a try. We even have an advent calendar with a daily hidden beer on our campus.

    I tried to advertise to fellow students via flyers. We got 9 website views and maybe 1 app install for 30€ (34$).

    I also tried Facebook Ads for 5€ as a test, but in Germany in this age group "nobody" is on Facebook. It got 17 impressions without a lead.

    I am now posting a few undercover ad-posts on the quite active German YikYak clone, post on one or two Facebook Groups, will ask student groups for shout outs on fb and ig and stick a few stickers on bus stops to get some attention/recognition and hopefully, when they have seen the idea a few times, they will react more, even to the flyers.

    But so far, nothing is successful. We have 4 downloads and I am quite fearful.

    Am I wrong or am I just impatient? Or am I just looking for somebody to talk about this, so I don't lose it? Any advise or experience would be very helpful. Comments to network are welcome as well.

    submitted by /u/D0nMalte
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    How did your product get first customer?

    Posted: 01 Dec 2019 08:39 AM PST

    I'm solo developer and have been working for my project as a side hustle for a while. It's been so frustrated that I put a lot of work to it but not brave enough to finally release it. Does anyone have any suggestions?

    Or please tell me how you got your product to your first user.

    Thank you for your help in advance.

    submitted by /u/nonkung51
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    Mixing competitor's innovations and features into your product?

    Posted: 01 Dec 2019 12:05 PM PST

    I have three examples to explain 'in color' what I am trying to say.

    Tesla's model S mixed in Google's revelation that self driving cars were possible. Mixed in electric vehicle technology which was already created. The outcome is a car that performs like a 200k performance car, self driving, better safety and electric. Tesla is a 'better value' when competing with the german premium cars, and sports cars.

    Apple mixed in mp3 software with their own easy to use proprietary software and style. This sold much better than the other mp3 players because ease of use was much better, and the product came looking much better and more like a branded product than commodity. Then came the touch screen ipod, and touch screen iphone, with again, great style and ease of use which was 2x (or more) better than the competition. Apple's introduction of their touch screen was leaps ahead of stylus touch screen that was available.

    A headphone company Master & Dynamic copied the old classic Grado headphone's design, made it modern retro, wireless, and with high quality sound and material. Master & Dynamic slotted its brand into the luxury european headphones, into the beats by dre crowd, into the sennheiser crowd and the modern retro style. Starting only 6 years ago they have since sponsored Kevin Durant, and is getting traction as a brand leader.

    Is the idea to 'appear to the customer' that you are better in an incomparable way(tesla). Or that you provide superior value in the metrics that are widely wanted (Apple. customers want ease of use and style in their phones and laptop). In order to slowly move the product to become best in class is it necessary to 'adopt' innovations, features, styles, and also your own innovations that will make the product, a product leader?

    submitted by /u/jesus_ismexican
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    How do you decide whether to press on or move on when it comes to a project/startup after you've already spent a lot of time/effort building it?

    Posted: 01 Dec 2019 09:26 AM PST

    Both my spouse and I are running separate technical startups. We both still have a long way to go, but have each invested at least 2 years of our time in them. I am currently reasonably happy with the direction of my business, but my spouse is frustrated with theirs. We encourage each other constantly, and both understand the ups and downs of startup life in its early stages. But how do you know when is it time to press on through a rough patch (emotionally due to traction struggles) and when it is time to move on to something new? We've considered using market size, revenue, happiness/frustration over time and projecting that into the future as possible variables/methods for evaluating whether to move forward or not. Those of you who have been through similar moments, how did you you evaluate your decision?

    submitted by /u/wishowee
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