Startups Wednesday Social Club - Share What Events You Are Attending This Coming Week |
- Wednesday Social Club - Share What Events You Are Attending This Coming Week
- How do I figure out what I don't know?
- Hi Do I Start A Game Development Studio?
- How do I find more people like me to work together
- Sales commission Structure
- Trademark filing date question
- Is Postmates the next WeWork?
- How does someone value companies like this?
- Reasoning about equity and wages at an early stage startup
- What are the best places to get deals and discounts for startup tools?
- Guidance on marketing partnership
- Pros and Cons of different Hiring Strategies
- I fell in love with my business class startup idea, should I be worried about presenting it?
- Pitching my company to investors tomorrow. Any advice?
- Imagine you have a good idea that you are sure will succeed but neither money nor a team. What would you do?
- Advice about a B2G startup
- How to Start?
- Structure of compensation
- How to lay out specs and deliverables to a software engineer?
- Pay-it-forward culture is what’s driving prosperity and innovation in Silicon Valley
- Professional Liability and LLC vs SP
- There is so much contradicting advice !
| Wednesday Social Club - Share What Events You Are Attending This Coming Week Posted: 04 Dec 2019 05:06 AM PST Welcome to this week's Social Club thread.Share what events and meetups you are going to so we can discover new ways to be social together offline and help grow your local community. Focus on sharing events that are happening within the next 7 days of this date of this submission. Anything that falls outside of 10 days will be removed, no exceptions. No duplicate posts. If you happen to be attending an event that is already posted, leave a comment to inform the community that you will also be there. If you are hoping to organize something on your own, outside of an existing event, feel free to use this thread to rally some people together to meet up. Please use the following format to share an event: Event Name and URL: Location: Event Date: Event Time: Event Description: Event Cost: Discount Code: [if applicable] Please use the following format to organize people to meet up together: Location: Purpose of getting together: Suggested Places to meet up: You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| How do I figure out what I don't know? Posted: 04 Dec 2019 05:41 PM PST I'm a 26/m with some college, no degree, and dreaming of having a startup. I've been reading posts from this sub and articles on the web, but it seems like everyone here shares some knowledge that I don't. If I decided today that I wanted to make my product, I would have no idea where to begin, who to go to, or what questions to ask to begin with. Like how do I know I'm not overlooking something that could get me in legal trouble. Where would I even go to accomplish these things? Do I need to register a name first? How would I get funding or set up payment for employees? How do I know what the next step should be? [link] [comments]  |
| Hi Do I Start A Game Development Studio? Posted: 04 Dec 2019 11:49 PM PST Edit: 'How Do I Start A Game Development Studio?' Hypothetical Question: Say I have saved up enough money to start a studio, it's in the bank. How would I go about starting the business? I know what I need to make a game: programmers, animators, and artists, but as far as legal concerns go, I'm clueless. Even with that knowledge I'd have no idea how to go about hiring talents. I know I need a business license, but I have no idea how to go about getting one. I know I need copyrights, patents, and trademarks, but I'm not sure if a copyright attorney would handle each of those. I know I'd need an office space, but I don't know where I'd go to buy or rent such a thing. Also, I'd probably want an accountant to deal with each employee's salary in addition to other expenses like equipment and software licenses, but I don't know where I'd go to hire an accountant. Would I hire them full time, or would I want to just pay a nondedicated accountant? Speaking of hiring people, where would I go to find and employee? Do I spend money on advertising the position, or would I use something like indeed.com? Is that even free? Anyways, thanks for your patience, I know many of the answers to the questions are, "That's up to you," but I'd like to hear your opinions. Though, the questions with the more definitive answers are more important because I don't even know what my first step would be. [link] [comments]  |
| How do I find more people like me to work together Posted: 04 Dec 2019 03:33 AM PST I love working, researching and learning about new things especially business things. I am very curious, love building products and in general just stay at home to work online and focus on building without getting distracted. What approach should I use to look for someone similar to me. I prefer this type of collaboration over just paying someone to work for me. I want someone similar to me to share ideas, experiences and discuss on what works..etc [link] [comments]  |
| Posted: 05 Dec 2019 01:34 AM PST Hello everyone, I hope you're doing well, I am actually working on a sales commission structure and my job is right now to create a structure for commission. For example, If I do have three levels in which I need to divide my sales commission, I would like to know what is a great percentage of that can I go? Per Sale Revenue: 30USD 20 USD goes to the company account that will be managed for salaries and other stuff. 10 USD is what I am planning to allocate to the sales and marketing department. What I am planning right now is to divide 85% of 10 USD to the marketing Department and 15% to the sales department for commission. Hierarchy of commission. There's a ZONE Manager, every Zone Manager does have 5 Sales Manager and every sales Manager does have 5 Sales Executive. Minimum Sales Target per Sales Executive is 500 Sales a month. I would like to know what percentage should I do for the sales commission, as it's going to divide into 3 different levels. [link] [comments]  |
| Trademark filing date question Posted: 04 Dec 2019 04:36 PM PST I am in the process of forming an LLC through Legalzoom (established in Delaware). They have all the paperwork but it will not be processed until after Dec 18th to avoid paying a California franchise tax for 2019. I launched my MVP to the public on November 13th (relevant for trademark first-in-use date) I am filing a trademark directly through the USPTO. Assuming I file the trademark application today, my First-in-use of the mark is 11/13/19, my LLC formation is (we'll say for example) 12/28/2019, and my trademark filing date, assuming to today, 12/4/19. If I list my LLC as the owner of the mark, will I run into any issues when the USPTO reviews my application, which they won't get to for several months. Am I better off waiting to file after the company is officially established, does it not matter? [link] [comments]  |
| Posted: 04 Dec 2019 11:40 PM PST Postmates has cancelled their IPO and closed prices in Mexico. Most recently I saw a notification pop up saying I had $100 in Postmates delivery credit begging me to use the service. Is postmates dead or can anyone see a path to reasonable profitability for the delivery platform? [link] [comments]  |
| How does someone value companies like this? Posted: 04 Dec 2019 10:59 PM PST So obviously if your company generates revenue from a service or product it makes sense to value the company mainly on the revenue generated along with some other things included. But for a company that isn't there to sell a product or service such as "whatsapp" for example, that doesn't sell anything (maybe some ad space) how do they value it? Thanks [link] [comments]  |
| Reasoning about equity and wages at an early stage startup Posted: 04 Dec 2019 08:42 PM PST For the past year I have been working at a US tech startup in the restaurant industry. I am the first software engineering hire for the company. The company has two founders (one is also a software engineer). I am currently working part-time (15-20 hrs a week) for $15/hr in addition to 3.5% equity. Together the founders make up ~80% of the equity and are working without salary. Another employee (in product) has 10% and another has 3%. These employees are all part of the "founding team". More recent hires have not been receiving equity. The founders are still studying at university as am I. The company finished a pre-seed round of ~$300,000 recently. With the seed round recently completed, I brought up a compensation raise to my employers. I am aware I am being severely underpaid for an engineering role owning an entire mobile platform but also have a decent amount of equity in the company. I was disappointed when they only offered to raise my salary to $19/hr despite my increased responsibility and workload as of late. I have requested some time to think about the offer. Their main reasons were limited runway as we enter a new stage of sales and hiring in addition to the equity stake that I currently have. I am also aware that an engineer was hired a few weeks ago for $32/hr (with no equity though). I'm not so sure how to reason with the whole situation. I have thoughts of asking for more equity in place of higher wages but I'm not sure if that even makes sense considering equity could become worthless in very likely scenarios. While the money is important, I ultimately just don't want to be taken advantage of. I find the work very fulfilling and I look forward to it every day. I would just like to hear other's thoughts and get a bit of a sanity check on my situation as I am venturing through this at a young age with no prior experience in startup life [link] [comments]  |
| What are the best places to get deals and discounts for startup tools? Posted: 04 Dec 2019 08:18 PM PST Been researching the best places to get discounts on SaaS tools. Seems like most accelerators and VC firms offer huge savings to their portfolio companies, and bootstrapped founders are left in the dust. Did manage to round up a few reasonably priced resources I've found that might be worth sharing:
Anyone know of others? (Also, I purposefully didn't link to any of the above – trying to be cognizant of the anti-link farm rule :)) [link] [comments]  |
| Guidance on marketing partnership Posted: 04 Dec 2019 08:12 PM PST Hi all, I'd like some guidance if anyone has any experience in the area. I've got a web site that sells a course and also has a store that sells hardware that I demonstrate how to use/install in said course. I'm planning on doing more courses with related hardware as I can make them. I'm looking to make the jump into paid advertising, starting with Facebook. I've got an acquaintance that has been doing this type of online marketing work for many years and is trustworthy. He's mentioned that he can work by the job or has done partnerships in the past. We didn't go over details of a partnership or anything, but essentially I'd make the content and he'd do the marketing/advertising side of things. Has anyone had a partnership like this in the past? Did it work out well or did you regret it? For a partnership like the one I outlined above, any ideas on how compensation might go between us if sales start coming in? Any other things I may want to think about in this situation if it was you? Thanks. [link] [comments]  |
| Pros and Cons of different Hiring Strategies Posted: 04 Dec 2019 12:07 PM PST I'm at the stage in my startup where I would greatly benefit from adding a teammate or building a team. I'd like to ask about the pros and cons of each different methodology of hiring. I've been advised to try plenty of things from finding recently graduated students from University to offering internships to hiring consultants to paying an experienced developer. From your experience, what did you like about the approach you took? Did you get the results you were expecting? What didn't you like? What did you wish you did differently? What's something that you didn't expect at all? [link] [comments]  |
| I fell in love with my business class startup idea, should I be worried about presenting it? Posted: 04 Dec 2019 07:18 PM PST Its the day before my big presentation on a startup idea I love, so saving the idea for later isn't an option. But what I'm worried about is students, or even my professor, stealing my idea! It is a fairly large-scale concept, so it may be hard to replicate. But the idea is not fully developed and my team can easily be outrun. What's my best solution? Get the entire class of 40+ students to sign an NDA? [link] [comments]  |
| Pitching my company to investors tomorrow. Any advice? Posted: 04 Dec 2019 04:58 PM PST So a startup accelerator found my company ~a week ago (no clue how) and I am interviewing with them tomorrow. I've never pitched a startup before and I need some guidance before I start googling. I know hacker news has good resources but there is a lot of info to sift through. Some details: I own the company and built the product (a web application). It is not yet registered as a legal entity. I think if I get an investment I'll have to register it as a Delaware C-corp (that's what happened at a startup I worked a that got an investment, converting from an LLC). I'm basically asking for good resources that will help me pitch my company. Any help is appreciated, thanks. [link] [comments]  |
| Posted: 04 Dec 2019 03:56 PM PST Hey guys! I have an app idea for 2 years now. I told 4 people at work and everyone said they think it has potential and that there are no apps like that yet. At the same time I am sure that time is against me and I also think that someone will do it in 2020 or 2021. I also know someone in a company that would be the best partner for this idea but I fear that they would take it and do it themselves then. Another problem is that I cant just invest 1000 dollar and see if it works, I would need at least 1-2 devs and a designer. Any ideas on where to find a starting point? Nobody will invest without a prototype. [link] [comments]  |
| Posted: 04 Dec 2019 08:22 AM PST Hello guys, I am a junior year mechanical engineer and currently leader of one of the technical teams in our university. While I have been working for the team for more than 2 years now, I had a startup idea regarding the same. So lets assume my team participates in a drone competition, so over the two years our team has designed 3 prototypes and manufactured 2 and tested them. By the time I graduate we will be designing another prototype and manufacturing it. I am now very much hyped to start a company that designs and manufactures drones once I graduate. So I had a couple of doubts 1) Is it too early for a graduate to start such a company? 2) How do I start? How do i approach people from government any guides for a b2g startup? Note:- Drone was just an example, my product is bigger compared to a drone plus the startup will be a B2G model. Also I have done checks for my product, number of companies making it, governments involved currently, future development and various methods we as a team employ which differ from these companies. Thank you:) [link] [comments]  |
| Posted: 04 Dec 2019 03:18 PM PST Hello, I am trying to start a delivery company and I have no idea where to start. I majored in business from a top undergrad university and have worked in finance for years so I am amazed at how little I know about starting a business. There are currently no competitors in the space (the only other competitor failed 2 years ago) so I am excited to get to work quickly. The problem is that this is going to be a very complex (and expensive) business to start and scale. I hope to be at the point where I can pitch for seed money in the next 1-2 years but I still need funds to get this off the ground. I live in CA so filing as an LLC for $800/year is something I want to wait out until I can figure out if there truly is a market for this (drowning in that business degree's student debit as it is). I also can only do this part time unless it gains enough traction for me to quit my job (this poses a problem for a lot of accelerator programs). Brainstorms on where to start:
Any advice is appreciated! [link] [comments]  |
| Posted: 04 Dec 2019 09:19 AM PST Hola All Managed to get a designer to assist us with the UX/UI of our MVP platform who is willing to be paid later. They are interested in some form of share options. Due to the nature of the project we havent agreed on a fixed price. Designer will bill us per the amount of time required. Designers rate is $100 an hour How do we minimize our liability and not get an unexpected bill at the end of the project? What are some of the best ways to structure the share option compensation without giving away too much of the company? [link] [comments]  |
| How to lay out specs and deliverables to a software engineer? Posted: 04 Dec 2019 06:00 AM PST Sorry if this should be posted somewhere else. I usually get the best advice from here. We're bringing on a new engineer soon and the last 2 haven't panned out due to complexity. But we're redoing a lot of things. One problem we faced was the developer not quite understanding the exact specs the new app feature needed. If we said the app needs to do this function, the function we got was completely wrong. It's assumed we need to be as precise as possible. So if you're an engineer, how would you want features and functions to be interpreted to you? [link] [comments]  |
| Pay-it-forward culture is what’s driving prosperity and innovation in Silicon Valley Posted: 04 Dec 2019 12:00 PM PST I believe the prosperity and innovation in Silicon Valley root from its "pay-it-forward" culture. A culture that promotes the act of helping others. Connecting with others. In 1975, a young entrepreneur called the Founder/CEO of Intel, Bob Noyce for advice. Noyce liked the kid, so he met with him often to coach him. The young entrepreneur was Steve Jobs. Would you agree? [link] [comments]  |
| Professional Liability and LLC vs SP Posted: 04 Dec 2019 10:18 AM PST Prototyping a website, and would like to go live with payment. From what I've read, we need professional liability insurance. My understanding is that this covers situations like if we were sued for using images that belonged to someone else etc. In California, it makes it all a pricy endeavor to get the whole thing set up (LLC registration + insurance etc).
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| There is so much contradicting advice ! Posted: 04 Dec 2019 09:31 AM PST I was recently reading "Zero to One" after reading many positive reviews for it. It made sense to me. However, there are many detractors of the book who also make sense. The point is that who is right ? Whose advice am I supposed to follow if no one can agree on what the right path is ? This is so confusing [link] [comments]  |
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