Startups Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started |
- Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started
- Do you include whales in your customer lifetime value calculations?
- What resources do you use for understanding your financing options?
- How does the sharing economy earn money?
- Interviewing, recruiting the first gang..
- IP Address + Server Ip Address blacklisted-Cold Mail Mistake. Suggestions/Guidance?
- Salvaging my startup for money
- I could really use some help from you guys on how to get people to work for you.
- Creating unfair proprietary tech, or a unique proposition that is 'unfair'?
- Basic LLC vs C-Corp formation question on my situation
- Financing Round Term Sheet
- Interviews
- Want to Trademark EXAMPLEART when ARTEXAMPLE is used under common law?
| Posted: 03 Dec 2019 05:06 AM PST Welcome to this week's Operational Roundtable Thread. Ask about anything related to legal, accounting, project management, or how to get started. Don't be shy. The purpose of this is to learn and share ideas and methodologies with one another. Any question is a good question! If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That's okay! We all knew nothing before we knew something. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| Do you include whales in your customer lifetime value calculations? Posted: 03 Dec 2019 12:38 PM PST What a great problem to have, but when including some of our highest spending customers the LTV goes up around 5x compared to when we exclude them. This may be great for bragging rights, but when trying to determine advertising effectiveness we're almost banking on major outliers to offset the advertisement investment. For instance, most customers spend around $150-$300 a year for one of our products. Then we have customers that are spending $900 a month for the same product. Power users are really skewing the results and are by no means expected or replicable. [link] [comments]  |
| What resources do you use for understanding your financing options? Posted: 03 Dec 2019 08:32 PM PST There are so many options available, and it's hard to even know how to begin approaching startup financing and fundraising. VC, bootstrapping until you can generate revenue, etc. Understanding the trade offs is difficult, and making all of the decisions is even harder. Does anyone have any communities or great resources that they'd be willing to share? Thanks much 🙏🏼 [link] [comments]  |
| How does the sharing economy earn money? Posted: 03 Dec 2019 11:26 PM PST Startups which use the sharing economy principle let people with certain physical objects lend them to people who will probably only need it once or twice. My point is, the lenders earn money per object they lend out. How does the startup earn money? The borrowers can borrow items for free. And other companies do not post ads or anything. So how does the startup get the money to pay the lenders and also the damage insurance? I posted this before once but had to remove the company names. Some people mentioned ads at a later stage but aren't ads an unreliable source of income? [link] [comments]  |
| Interviewing, recruiting the first gang.. Posted: 03 Dec 2019 08:12 PM PST I have a couple of ideas that I am working on. The total addressable size of both markets are pretty large. I know why it will work (atleast at a problem-statement level), and I think it has a good product market fit, because I have been in the same industry for >10 years. This is a very technical product, which spans a lot of different areas. So its defendable, but will also probably a bit tricky to get into. The big players will probably want to kill this as soon as I step in. I understand that the first few people are very critical for the long term success of this. Wondering how you guys find the first few people for startups? Are there any strategies you use to interview people? Are there any good books that have been written on this topic? [link] [comments]  |
| IP Address + Server Ip Address blacklisted-Cold Mail Mistake. Suggestions/Guidance? Posted: 03 Dec 2019 11:57 PM PST So I have bought three google domains and three gsuite accounts. I also have my own personal account with Gmail. With one of the domains/gsuite I bought, I ignorantly blasted out a couple of hundred emails for my cold email campaign since I didn't know any better and when I used Gmass inbox/promotions/spam tool, I realized that it all now went to spam. I used mail-tester and said that my SERVER IP address, when scanned against 25 of the most common IPv4 blacklists, was listed in SORBS 48hours and Sorbs 24days as well as being listed in backscatter. I checked out MY OWN IP address to see whether or not it was blacklisted with blacklistmaster and for some reason, it was blacklisted. I have two ip addresses, one I use at home (with my router) and with my mobile when I'm out. Not only are they blacklisted, but the SERVER IP address (given by google) is blacklisted too. It would make sense if only the gsuite account i used for mass blasting got blacklisted but my personal gmail account and the two other gsuite/domains are all blacklisted even though they have a different SERVER IP address. Why would my other gsuite/gmail address get blacklisted when I haven't sent any cold emails from them? Also, i checked my domain and none of the domain urls are blacklisted. Now for damage control, what can I do now? As for my OWN personal two IP Addresses being blacklisted, what methods do they use to decide what IP addresses are going to be blacklisted? Is it the IP addresses I used to log on to my gsuite address? Or when I bought the gsuite? What are my options now? I used D7 Leadfinder and neverbounce to clean the lists to send out mass emails from one of my gsuite/domains. How do others manage to never get blacklisted and yet be able to send thousands of emails a day? I guess it is inevitable that even if I were to personalize my emails and its content, that I would get marked as spam eventually.... but blacklisting? How does that happen and how do I prevent this from happening? Should I phone my ISP to change my IP address? Thank you very much [link] [comments]  |
| Salvaging my startup for money Posted: 03 Dec 2019 07:43 PM PST I had very interesting startup idea in college (a combination of Handshake, RatemyProfessor, Piazza and Pathrise) and built it out with several other developers. We weren't able to gain an organic user base, didn't really plan out how to monetize and gain more funding to develop (very stupid yes, college students without mentors) Now, after working full time for a year and a half out of undergrad, I am trying to see how to salvage our startup product for any sort of monetary value before it is too late. I don't plan to ever invest my valuable time again to work on my own idea in the next 10 years, and it's hard to divert attention to this while working full time So now what? 1. Try to sell the code, scripts to interested parties for cheap 2. Draft up a new pitch deck and business plan summarizing the long term direction the potential (but currently non existent) features and seek funding from angels 3. Reach out to similar competitors and try to buy their platform to buy users 4. Find student developers cheap labor to build out once we have a clear direction. 5. Abandon the whole thing as total sunk cost [link] [comments]  |
| I could really use some help from you guys on how to get people to work for you. Posted: 03 Dec 2019 06:17 PM PST I feel like this is the bane of every startup's existence. GETTING PEOPLE TO WORK. I thought paying a high amount would be the answer but nope. I thought being friendly and not like a boss would work but nope. People take advantage of that. I thought being a hardass would work but not necessarily as it drives people away. I need my team to make sales as that is the last piece of the puzzle for my company. But I can't be the only one doing it. I show them the ropes but I'm missing something. Anyone have pointers? [link] [comments]  |
| Creating unfair proprietary tech, or a unique proposition that is 'unfair'? Posted: 03 Dec 2019 07:00 PM PST The general idea to success I've read written down is to keep ahead of competitors (from the start) by the widest margin possible. To be able to win at every stage of the business. And in every engagement with competitors. An unfair competitive advantage by getting proprietary tech much earlier(tesla autopilot), unique proposition(starbucks being more about being a lounge and status), and scaling to a huge lead that is hard to catch(google, amazon). What does that actually mean to be able to compete with an unfair advantage against any other competitor in the segment? how can you have an edge to win during the attempt to reach pmf, during scaling after pmf, and continued growth to pull forward? Is it a matter of having the best unique solution like starbucks, or like tesla and then just scaling and growing to what seems like a monopoly (amazon) in that category? [link] [comments]  |
| Basic LLC vs C-Corp formation question on my situation Posted: 03 Dec 2019 11:23 AM PST I am nearing a launch date for my product and I need to officially form an entity. I am currently a solo founder launching a couple of apps that will be free of charge in the beginning. I have a few revenue streams ideas currently being tested in beta but as mentioned my service will be free to start. I would like to try to raise money once Ive had a product launched, gained user growth, worked out the kinks, and started to prove out a viable revenue stream. However, I am unsure if I should be starting a c-corp through a service like Gust or Stripe Atlas or form an LLC and then convert it to c-corp when ready. From what I've read, the conversion from LLC to C-corp is not difficult but I'm wondering if its just easier to do the C-corp now and get that out of the way. Although Im not sure if there is better tax benefits given me being by myself to start that I should do an LLC. I am already in the red as far as overhead costs I would like to write off. Assuming I have the type of startup an investor would be interested in but given it will likely be a ~6months from launch date before I attempt to raise money, what entity would you form? Thank you in advance [link] [comments]  |
| Posted: 03 Dec 2019 10:59 AM PST We are seeking our first investment (seed round) and I'm wondering what terms should I include in the financing round term sheet? Is there a template that should generally be followed and does the term sheet alone count as a "legal" document, or will there be additional steps? [link] [comments]  |
| Posted: 03 Dec 2019 01:45 PM PST Is there anyone using any software to automate job interviews? My colleagues and I are tired to explain over and over again the business and the job role. Obviously, we've written down everything on the job page for this position, but I was wondering if there is any more engaging way, and also it would be good if there was any form of a candidate ask questions that we forgot to talk about. [link] [comments]  |
| Want to Trademark EXAMPLEART when ARTEXAMPLE is used under common law? Posted: 03 Dec 2019 09:16 AM PST I want to trademark and sell a product on Amazon under the following mark "EXAMPLEART" The last TM for EXAMPLEART was filled December 5, 2010 and cancelled January 9, 2018 IC 017. US 001 005 012 013 035 050. G & S (which leads me to believe the name is at least unique enough to pass based on precedence) My other concern was there is another seller on amazon with the name ARTEXAMPLE there is no Class 1 filing for this but there is a Class 35 that might be theirs. I wasn't sure what my chances of approval for EXAMPLEART are when someone else is using ARTEXAMPLE in a similar field but with no class 1 TM so just Common Law. Please let me know your thoughts and if I should proceed. Would love some thoughts on chances or to know its highly unlikely before i file. Thank you. [link] [comments]  |
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