Startups Do anyone else rabidly hate pitching to investors? |
- Do anyone else rabidly hate pitching to investors?
- In CTO role of small tech company, prospective client RFPs create a lot of overhead and rarely go anywhere. Why do we do this?
- Late payment issues, don't know what to do.
- Should I collect payment info while validating the product (pre-launch)?
- The Loneliness of Entrepreneurship is a Problem.
- Ask Reddit: help with financial certificates
- Advice on hiring a freelancer in India?
- Starting a business fresh out of college VS. waiting?
- I found out another app does what my app intended to do. What next?
- How do I get feedback on my website when users are very unresponsive?
- Should I stay or should I go?
- Is my e-comm niche not niche enough?
- Wednesday Social Club - Share What Events You Are Attending This Coming Week
- What are your thoughts on choosing a company name that is a common word?
| Do anyone else rabidly hate pitching to investors? Posted: 29 Jan 2020 01:20 PM PST Apparently, some people enjoy it but I absolutely detest it. Every time I have pitched, I am left with conflicting reasons on why they won't invest, hating my company for few days and generic fluff advice like "persistence and segment your customers!!!1!" or nonsense like that. We are boot-strapped, profitable and growing slowly but not enough to pay the wages, server space and customer acquisitions. A little cash injection would do wonders but the thought of elevator pitching followed by "advice" from a person who just heard about my company makes me throw up in my mouth. Who detests pitching? And who loves it? I am interested to hear success/failure rations for startups pitching [link] [comments]  |
| Posted: 29 Jan 2020 09:24 AM PST TL;DR Looking for advice on fielding boilerplate technical questions from a sales team that's ambitious with the type of customer they're pursuing and a lack to stop deals dead before many human hours are wasted. I'm the CTO for a small tech company (SaaS product) that runs our product with a cloud vendor. I didn't pursue this position, it was just one of those situations that falls into your lap after working as a senior engineer for long enough. My only point in mentioning that is I don't see myself as a CTO, nor do I have any past experience in any C-level role. I get imposter syndrome on the regular, which leads me to being uncertain what is "normal" versus what is a "red flag". We're a resource strapped business (what's new??) and have an infinite list of development projects on our roadmap. Seeing wasted time go down the drain with no positive outcome or improvement in revenue is frustrating to say the least. In my role, I often am presented with "technical questions" from prospective clients, or they may come in the form of responding to a large RFP with a section on technical requirements. I have several issues with this I'll go over. Looking for outside advice from others who have been in this position, or witnessed this sort of experience.
Thanks for any input and feedback you can provide. Outside perspective is always helpful. [link] [comments]  |
| Late payment issues, don't know what to do. Posted: 29 Jan 2020 07:44 PM PST Hey guys, So I've been working in a startup for about a year now. I've always had late payment issues and this has always bugged me, but it's worse now since I have to pay rent and healthcare. There are about 30 people working here, I don't know how much of them are having the same problem. Basically:
When I say anything they say it'll be paid next day since they forgot or something. Almost never happens to be paid next day. While the boss says every month that this will be fixed, I had expenses to move over to this town and got in debt because of this irregularity. I usually work 11h to 13h a day, since we're always late on deliveries and there's just so much work to do. I feel tired of so much work. Honestly don't know what to do. [link] [comments]  |
| Should I collect payment info while validating the product (pre-launch)? Posted: 29 Jan 2020 06:58 PM PST Hi all, I am validating my idea for a paid newsletter by doing landing page tests, my goal is to have 30 subscribers before writing any code. My question is whether or not I should focus on collecting payment information or if I should just get email addresses. I wouldn't charge anything until the launch, of course. I'd prefer paying customers, I don't think there's any better signal than that, it's too easy to hand out an email. [link] [comments]  |
| The Loneliness of Entrepreneurship is a Problem. Posted: 30 Jan 2020 01:23 AM PST Hey everyone, Over the years working as an Entrepreneur I realised that it is one of loneliness, self-doubt, fear and uncertainty. We often look to stress management -- exercise, more/less sleep, yoga/Pilates, Booze -- as a way to prolong our lives in the wildlife we've chosen. Sure we share the wins with our team, with our stakeholders and our customers. But there are a ton more failures and setbacks. Few people around you share in those. While your impulse might be to always go it alone, you run the risk of self-imposed isolation, which nearly always leads its close cousin, depression. I wanted to create an environment for Entrepreneurs to talk more openly, you know the saying 'A problem shared is a problem halved'. Today I launched OntraChat - a place for Entrepreneurs to connect, chat and build relationships. We don't have to go through the journey alone. [link] [comments]  |
| Ask Reddit: help with financial certificates Posted: 30 Jan 2020 12:58 AM PST Me an my friend is thinking about a financial service project, but we're quite uncertain about if it's even worth going after considering all the financial regulations on the market. Is there anyone in this subreddit who has a fintech experience with getting financial certificates (PSD2, bank licence, etc.) and how much they cost? [link] [comments]  |
| Advice on hiring a freelancer in India? Posted: 29 Jan 2020 10:26 AM PST I made a deal with a freelancer in india. An extensive Website and SEO for $1800. I've never bought anything from outside the US before so I'm looking for advice, what I should worry about, and how these deals are usually done. We've agreed very in depth on the work expected should take about 3 weeks for the website and then more time for SEO. We've come up with a payment plan. Should I make a contract? I feel with a risk always less than $500 and being across an ocean it wouldn't be worth the time and money pursuing legally if it happens to be a scam. I've seen a lot of proof of work and am very doubtful on that. What do you guys think? Am I overpaying? Is there other risks im unaware of? Am I being naive? My gut tells me this is a good deal. Any advice is appreciated. [link] [comments]  |
| Starting a business fresh out of college VS. waiting? Posted: 29 Jan 2020 01:42 PM PST What do you think about starting a business right out of college vs. waiting in general? Also, My personal situation: I have an idea for a business, I'm currently entering it in my colleges startup competition and my advisors/peers think it's great. My partner is my boyfriend, we are very solid both relationship wise and working together, but we would bring in more partners if we actually started it. We're debating starting this business for real right after finishing college in May. A lot will depend on how we do in the competition (if the judges hate our plan that's not exactly a good sign). But we are torn on whether we would be better off waiting until we are more secure financially, have more experience, etc. we would both also likely have full-time jobs as well, but neither of us are scared of the grind. (My job lined up could also become part time) Also on our side, we do have two sets of well-off parents who would help both by investing and helping keep us afloat personally. My dad is also a very experienced and successful entrepreneur as well. Assuming our idea is decent and we are -somewhat- competent individuals, what do you think? Should we go for it? Or would we be better off overall waiting? [link] [comments]  |
| I found out another app does what my app intended to do. What next? Posted: 29 Jan 2020 03:38 PM PST Hey so my idea was to provide cognitive behavioural therapy (CBT is a technique psychologists use treat depression and anxiety) through an app which also provides relaxation like headspace or calm. However there's a website called mycompass which does everything my app intended to do however it doesn't have the same level of relaxation techniques that headspace or calm have. Now I realise my idea was to have an app that just combines them both. What would you do? [link] [comments]  |
| How do I get feedback on my website when users are very unresponsive? Posted: 29 Jan 2020 02:55 PM PST I am leading the product development initiatives for my company and one of my responsibilities is to validate our value propositions and validate new features on our site before we develop them. I have been trying for months to streamline a way to do this but with no luck. We have an email list of people that have signed up on our site but they are very unresponsive. Our engagement for when we send out surveys or email users and ask if they would like to give feedback via email or phone is incredibly low. We even offer very enticing incentives such as $250 gift cards for surveys. Yet people just don't seem interested in wanting to give us feedback. We've even tried adding a popup on our site that allows users to input their feedback straight from the site but we had almost no engagement with it. Does anyone else find it incredibly frustrating trying to get user feedback or am I just going about it the wrong way? Not sure if this is relevant, but to use all of the features on our site and to make an account is 100% free. Maybe users are more willing to give feedback on things that they are actually paying for? [link] [comments]  |
| Posted: 29 Jan 2020 12:04 PM PST I need some help making a decision between an offer and counteroffer, and was hoping to get some insights from the community. My current company is a seed stage startup where I've been for about 2.5 years. We have been through a lot of growing pains and most recently faced the possibility of having to shut down because of a lack of product market fit. Before the holidays I started going on interviews partly because I was unhappy with my current situation (too much work, very low pay, team has had almost no initiative since late summer) and because we would be out of money by February. However, since January things have started coming together and it looks like we may have funding coming through in the next six months. Once I started receiving offers I let my boss know I'd be looking to leave. He countered with an offer that was market rate base plus an immediate bump and delayed bonus. Last week I received an offer that is comparable in base with a Series A that could be a good place to work (smart and experienced founder, good size team, niche industry). Not much equity but on par with a company at that stage. I am conflicted because I like my current job, but fear I may be getting too comfortable and/or looking at things through rose colored glasses. At the same time, thinking about not being there for all the company milestones I've been holding out for gives me an incredible amount of FOMO. I'd love to hear from the community if anyone has had experiences leaving the company they helped build, or staying for a counteroffer, as well as what pros and cons there might be for going through the different Series at different companies vs the same company. TL;DR: started interviewing while company was heading into rough waters, now that we might get funding I'm unsure of whether to stick it out a bit longer. [link] [comments]  |
| Is my e-comm niche not niche enough? Posted: 29 Jan 2020 05:13 AM PST So I am launching a collection of yoga apparel designs - all of which are cute/fun/sassy in nature. Now when speaking with a business women I respect, she told me simply creating sassy/quirky designs isn't enough and I'd need to focus specifically on a type of person who does yoga. E.g. moms who do yoga, yoga teachers, students who do yoga. Now I'm confused as to whether I should go down the line of these specific niches or stick with the general sassy/fun yoga idea. If I do niche down further I will have to overhaul my branding and designs again to make them more suitable... and I'm concerned there may not be enough room for growth. Any insights/advice appreciated! [link] [comments]  |
| Wednesday Social Club - Share What Events You Are Attending This Coming Week Posted: 29 Jan 2020 05:05 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]  |
| What are your thoughts on choosing a company name that is a common word? Posted: 29 Jan 2020 06:55 AM PST We have to rebrand our company due to a trademark issue with another player in our industry. So we're thinking of a new one. Imagine a name like "imagine" or "engage" or "trust". All of these names are trademarked many times over, but not for your specific industry. SEO will probably be a pain, but you're a B2B direct sales business. You'll have to take something like "imaginemedia.com", but will call yourselves imagine. What are the negatives and positives of doing something like this? [link] [comments]  |
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