Startups Manic Mondays: Support To Get You Through The Week: Share What You Need Help With, Job Postings, For Hire Offers, or Resources |
- Manic Mondays: Support To Get You Through The Week: Share What You Need Help With, Job Postings, For Hire Offers, or Resources
- Development client offering me equity rather than money - how to handle
- How I created TikTok-like app the same year Musically became TikTok without knowing it exists and failed
- Experience with "Looking for a Technical partner/CTO"
- A web-page for a local start-up.
- Startups that prioritize revenue growth from day 1 instead of valuation growth. What are they called?
- Do you know how we can open a bank account while waiting for the EIN?
- A website about 'STARTUP 2020' name list ??
- How to hire your first sales person?
- Buy data bases of specific target audience/ leads lists?
- Early Adopters vs. Early Majority.... what's the difference when it comes to viewing the problem?
- I've been doing work for a startup and they are offering stake in the company "via PPM". What does that mean?
- CPG startups of reddit - how did you find your suppliers and vendors? Which were the most time consuming to find and vet?
- How to find/join start-ups that don't seem too delusional?
- Advice on B2B Startup
- Office perks
- Creating your own startup while working for a FAANG
- Building up a competitive advantage?
- Can you get investment before having accurate unit cost metrics?
- Startup right after college?
| Posted: 04 May 2020 06:09 AM PDT Welcome to this week's Support Thread. Please refer to the below suggested formats to get the most out of this thread. Need Support?Please use the following format to seek support: SUPPORT REQUESTWhat I am working on: What I need support with: Why I need support with this: My questions to the community: Requested Resources: Relevant URL: [if applicable] Additional Comments: Please add any additional comments that may provide more context around what you need support with so others can provide the most relevant support or guidance to you. Job Provider?Please use the following format to post a job listing: HIRING Company Name and URL: Job Title/Role: Employment Type: [Intern] [Contract] [Part Time] [Full Time] [Remote] Job Description/Responsibilities: Necessary Skills and Experience: Requested, but not necessary Skills and Experience: Job Compensation: Willing to Relocate New Hire: [yes] [no] Job Listing URL: Additional Comments: Please add any additional comments that may provide more context around the job listing to make it easier for the right people to apply.Job Seeker?Please use the following format to post an offer to work : FOR HIRE Title/Role: Desired Location: Willing to Relocate: [yes] [no] Remote Availability: [yes] [no] Relevant Skills and Experience: Requested Salary/Hourly Rate: Resume/Portfolio URL: Additional Comments: Please add any additional comments that may provide more context around the job listing to make it easier for the right people to apply.Resource Provider?Please use the following format to post an offer to work : RESOURCE Organization Name and URL: Location Served: Resource Name: Resource Description: Resource URL: Resource Cost: Do not forget to explore the /r/startups discord. We have many relevant channels to seek support, post job listings, share for hire offers, and share resources. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| Development client offering me equity rather than money - how to handle Posted: 04 May 2020 11:45 AM PDT I am a freelance developer who was working for a client for $50/hour. He recently asked me to go full time to finish his app, but can no longer keep paying me the same amount because his income was affected by covid. I think the app is a good idea and offered to work for just enough money to pay my bills (less than 10% of what he would be paying if I went full time hourly) in addition to equity. But now he's saying that he can only offer me 10% equity in the startup. He ALSO wants to include a clause that says I lose all shares if I leave his new company within 5 years. I think this is ridiculous, as I'm single-handedly building the app which will be his entire business. But I'm struggling to figure out what a fair percentage would be. He's paid me hourly to complete about 80% of the MVP. The MVP will likely take about another month and then will require ongoing updates, bug fixes, etc. and he seems to want me to stick around as the CTO for the next few years. It's just me and him working on this thing right now. Should I just call it quits? He's a cool guy but we've been negotiating for a while and I feel like he just wants me to work for free. Edit: I did tell him the 5 year clause was completely off the table and am waiting to hear back. Also forgot to mention that although this guy has some good business acumen he knows nothing about running a software/app company. I've built three profitable app companies on my own and am basically telling him how the business model should look. Edit 2: My question wasn't so much whether to take this deal (I obviously won't), but rather to determine how much equity would make the deal fair [link] [comments]  |
| Posted: 05 May 2020 02:50 AM PDT On November 9, 2017, the Wall Street Journal reported that musical.ly Inc had been sold to Bytedance Technology Co. TikTok was launched in 2017 for iOS and Android in markets outside of China. In February of 2017 I created an app called Mimic. I launched it few months later. Mimic had the same premise as TikTok but with different approach. I had no idea that TikTok or Musically even existed. Mimic's idea was to create what TikTok is calling duets, mimic people, use their sound to lipsync to their voice. TikTok has vertical duets, Mimic had horizontal duets thus using the whole screen for duets. Unlike TikTok I had no millions of dollars for promotion. My partner and I created MVP and launched it on Product Hunt first then we moved on. We tried different approaches. We tried to promote it on Reddit, via FB ads, we found a founder in the USA to help us with US market. We really believed this could be interesting app but it never took off. We never managed to promote it properly to targeted audience, which were teens. We knew teens were on SnapChat so we tried to target them via SC but still no luck. We were contacting US journalists to write about us but nobody replied. We really tried everything, we were trying for 1.5 years with this. We got few users which liked the app and posted content but almost nobody reacted to their content. At the end we quit. Now when I look back I think Mimic had a great potential if we had enough money and lived in a different country/city. We were targeting USA for obvious reasons, bigger market, early adopters... And this is a story about how no matter how hard you try without money and being located in the right place you'll probably fail. We were there at the right time, but wrong place. [link] [comments]  |
| Experience with "Looking for a Technical partner/CTO" Posted: 04 May 2020 06:50 PM PDT Having seen this a number of times: "I have an idea but can't code", "Looking for a CTO", etc.. I'm curious to hear about experiences technical people have had/currently are having after joining/partnering with a founder that possessed no programming/engineering experience.
Genuinely interested in how this usually goes because of all the posts I've seen regarding these proposals/requests. [link] [comments]  |
| A web-page for a local start-up. Posted: 05 May 2020 12:23 AM PDT Hi! I'm a college student and have some plans for a start-up, small scale, locally operational. I know having a website is essential for it to grow and reach people. Should I invest in a personal domain? Should I use google sites? Suggest me something regarding this. I don't have a web developer in my team, so I don't really know where to go. Expecting suggestions. Thanks! [link] [comments]  |
| Posted: 05 May 2020 03:15 AM PDT We know in startupland that the ethos is to get traction and often that means growing the number of users. The hockey stick chart gets a higher valuation which gets bigger raises which can fuel the growth even more. The more money you lose the more you're worth, so they say in the tv show Sillicon Valley. My question is: Do startups have a name that actually want to generate revenue as soon as possible (< 12 months) and also be profitable in the near term (< 3 years) while still having the goal of a 10+ figure exit down the line? [link] [comments]  |
| Do you know how we can open a bank account while waiting for the EIN? Posted: 05 May 2020 02:22 AM PDT Hey everyone, we are a young and small startup from Europe who is currently organizing there Seed round. To make that possible, we founded 3 days ago a Dellaware Inc. We have the Certificate of Incorporation but are waiting for the EIN. Which in our experience can take a while last time it was 2 weeks. We want to start through but without a bank account nobody can pay in. So we hope that maybe someone knows a way to open an account without an EIN. We would highly appreciate any tips! Thank you for your time and expertise. [link] [comments]  |
| A website about 'STARTUP 2020' name list ?? Posted: 05 May 2020 01:58 AM PDT How I can keep myself updated with the list name of upcoming startup in business? I always like to read about the latest startup. Especially, I am looking for startups who are not public yet, most likely college startups. Though, Any startup who just new to the business also welcome. Also, If they provide a short description, contact details along with it also welcome. Is there any website that updates upcoming, latest startup by name list? Thank you for your comment. [link] [comments]  |
| How to hire your first sales person? Posted: 04 May 2020 06:54 PM PDT I have a product that is live and gets 50-70 trial signups and around 1-2 sales a week. Its a small fledgling product. I want to focus on the development and hire someone to take care of the marketing and sales side. I was thinking of hiring someone from the Philippines to help with that. I have zero expereince hiring a sales person, how and where do I start? Anyone can share a story or advice to get me on the right foot? [link] [comments]  |
| Buy data bases of specific target audience/ leads lists? Posted: 04 May 2020 09:56 AM PDT I'm trying to find ways of growing my marketing data base/leads - do you know if there's anywhere where I can buy data bases/ leads list that have good and large filtering/targeting? I've never worked with anything like this but someone mentioned this to me over the weekend and thought I would give it a try. Any advice appreciated. [link] [comments]  |
| Early Adopters vs. Early Majority.... what's the difference when it comes to viewing the problem? Posted: 04 May 2020 06:32 PM PDT So in terms of the technology adoption curve, I understand that Early Majority people won't adopt until the solution is full-featured, more mature, has testimonials, has a track record, etc. And early adopters don't care as much about those aspects, they are down to try out an innovation that addresses their pain points. However what I don't understand is --- do they view the fundamental problem / pain point any differently? Do Early Adopters necessarily "feel" the pain point more strongly than Early Majority people? OR do they feel the pain point the same way but just won't accept a super new/innovative solution to that pain point until later? ------------- Reason I'm asking this is because I want to better understand if I should expect to hear different answers when I ask early adopters vs early majority people questions about their pain points. (this is only asking about pain points - no mention of solution at all) [link] [comments]  |
| Posted: 04 May 2020 11:28 AM PDT *Sorry if this wrong sub to post this to. It keeps getting deleted in other subs so I'm not sure where to post anymore.* So I'm being asked to provide my SSN in order to draft an "equity stake via PPM". What is and how does a Private Placement Memorandum apply here? I'm trying to understand what the idea is or what this all means before I approach with questions. [link] [comments]  |
| Posted: 04 May 2020 04:35 PM PDT Contract manufacturers seem pretty hard to get set up with for small companies. I've heard that part of the challenge is though that they're often not willing to take a risk on a smaller company, so you need to find one that'll bet on you, because of diligent sales or some kind of introduction. CPG in the sense of either physical products or food/beverage. What other suppliers and vendors take a long time to find/vet? What supplies or vendors were especially time consuming to find? Certain supplies and/or ingredients? [link] [comments]  |
| How to find/join start-ups that don't seem too delusional? Posted: 04 May 2020 03:57 PM PDT Hello, I am a software engineering graduate with ~3 years of experience as CTO, I created and run my start-up for 2 years and a half and grew my development team to 38+ developers. During this time I even formed good connections with famous businessman in many fields such as sales. (i.e. Dan Lok). During this pandemic time, I've decided to mentor some people but as well as join some start-up either as CTO, co-founder, and so on. My knowledge is oriented more into Leadership, Project Management, Team management, Business growth, SWOT Analysis, Risk Management, and so on. But for the last 2 years, I have done more management rather than having full-time hands only on programming, and with more time passing, I've lost a bit of confidence in my programming skills. But now I'm seeing these startup founders who are looking for technical co-founders/CTO who will have to do not only the business and technical sides, but also want for me do not only the MVP but also the entire finished product alone but can only give you 10-25% of the stake on the company. I have searched on Angel.co or just go around on Reddit, but not really sure if there's some good site for this. EDIT: Reading this, I realize that I am coming off as an asshole here. I realize that everyone is starting their startups with the best intention in mind and they want the best for themselves and their projects. [link] [comments]  |
| Posted: 04 May 2020 12:08 PM PDT Greetings, I am a serial entrepreneur who has started multiple successful service industry businesses (mostly in mental health). I am launching my first B2B venture and would love your advice. The business is also in mental health, but it services the therapists and practices. We handle all of the back-office side of therapy such as billing insurance and processing client payments. Those are the two big ones. But we can also set up HIPAA-compliant email systems, secure websites, process payroll for group practices, and pretty much everything else. I'm open to your generic advice on this type of business. And I'm specifically wondering about whether to lead with one or a couple of these services, or offer the whole array right away. What is your experience with this? Start simple and add services? Or offer everything we can do? Any tips on how to land those first few clients? On how to scale? [link] [comments]  |
| Posted: 04 May 2020 09:55 AM PDT What are some good/unique office perks that you have experienced? I know some FAANGs provide food, gym, yoga, dog walking, etc etc. What about typical smaller corporations? And how much is a reasonable cost to spend on these amenities per head per month for company moral/comfort? [link] [comments]  |
| Creating your own startup while working for a FAANG Posted: 04 May 2020 11:13 AM PDT Two cases:
Do you have any idea of the legal consequences of this? I suppose that 2) may be a big problem but 1)? [link] [comments]  |
| Building up a competitive advantage? Posted: 04 May 2020 02:53 PM PDT Is the core idea to business is to build a competitive advantage. To become distinctly specialized in some way or an overall strong competitor. For example Apple is a distinct luxury brand and easy to use product. It's a very dominant specialized competitor. Samsung is a strong competitor that can make very good high end to low end products. It's an overall dominant competitor. The idea is for a business to find a way to continually build up the business to be specialized, or overall a dominant company. To get above average results. Is this the core idea of business to make a company that is tailored to the customers / market, and is very dominant (strong brand, strong product, good price)? [link] [comments]  |
| Can you get investment before having accurate unit cost metrics? Posted: 04 May 2020 05:03 AM PDT Happy Monday y'all, OK so I'm currently building a marketplace, but the long-term roadmap is is to create a Market Network. Essentially a SaaS tool to manage workflows, with an underlying marketplace to provide key connection points whilst using the SaaS. My question is, if I have a good team, revenue and a compelling roadmap, do I need to have CAC, LTV and other salient unit cost metrics calculated before an investor will be interested in the project?If so, how do you go about doing this when all I currently have is a Wizard of Oz Marketplace... Many thanks, [link] [comments]  |
| Posted: 04 May 2020 07:33 AM PDT I'm thinking about setting up a startup. I'm graduating this semester in Computer Science and Data Science. I have a job in finance but the market is terrible in Australia for tech roles. I'm wondering, if i setup a startup after uni, will be future career prospects be hindered if the startup fails? [link] [comments]  |
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