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    Sunday, May 24, 2020

    Startups Peer Support and Self Management Saturday’s - A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant

    Startups Peer Support and Self Management Saturday’s - A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant


    Peer Support and Self Management Saturday’s - A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant

    Posted: 23 May 2020 06:06 AM PDT

    Welcome to this week's Peer Support and Self Management Thread.

    This is a Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant.

    The goal for this thread is to help one another manage mental and physical health so we can more easily find success.

    We all struggle sometimes and it is important to recognize that the struggle is part of the journey. The important thing is to learn how to overcome that adversity to grow and succeed.

    Be tactful and classy in how you vent your feelings and share your frustrations. Act in a mature manner.

    Ask questions, share experiences, and be there for one another. Practice empathy in giving advice and remember that what worked for you isn't guaranteed to work for others. Make suggestions, not demands of others.

    #Because this is meant to be a safe place to support emotional and physical health there is a zero tolerance policy in effect. Be KIND. Be sure to report any conduct that is in violation of that key tenet.

    You can also find more support using instant chat on the /r/startups discord.

    submitted by /u/AutoModerator
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    SAAS Email Marketing Guide

    Posted: 23 May 2020 06:25 PM PDT

    Hi, I'm looking for an email marketing guide for SAAS Startups with case studies showing success and failure.

    Backstory: We are releasing the MVP of our marketing software and I have 2500 targeted leads of business who I know first hand would benefit from our solution across a select few industries.

    Before you patronize us, we make healthy sum of monthly recurring revenue with our managed (hand on) service which utilizes our software solution. Now we believe is the time to try to license out the software. We are familiar with the market as we have been doing this for over a year.

    We have pretty substantial ROI positive case studies that would provide good content for some of the emails.

    Any guides on how we can grow our customer base through email marketing would be great.

    Websites like Almanac.Io, Starter Story and Product Hunt appreciated.

    Thanks!

    submitted by /u/slimshady321
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    How do I raise capital before I have a patent. Can I protect my idea before I have the money? What resources can I use to learn more?

    Posted: 23 May 2020 05:24 AM PDT

    It seems a patent costs upwards of $10k, with my new idea I am currently working on prototypes, and would like to do a dry run to find the interest (likely at a lowered price. I have enough capital for either a test for proof of concept (hopefully) OR a patent.

    What suggestions do you have? Where can I learn more? Where can I learn more about testing the market (how many I need to reach, etc.).

    I've read books, none agree, some websites appear to be made by folks who's only idea was starting the website for advice. I have big hopes but a realistic outlook and need help in these areas

    submitted by /u/jfqind
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    Learn startup limits (false negatives)

    Posted: 23 May 2020 07:35 PM PDT

    Just wanted to share this article: https://hbr.org/2016/03/the-limits-of-the-lean-startup-method

    Basically it says one flaw is that founders get disheartened quickly from small sample size and don't have resources to get large enough sample size as a result you get false negatives.

    submitted by /u/techsin101
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    WebCheck AI - We are Live on Product Hunt

    Posted: 24 May 2020 01:58 AM PDT

    Hello Makers and Hunters,

    We just launched WebCheck AI on ProductHunt and have been featured! We use NLP to identify named entities on a webpage that the user may need more information on, and allow the user to hover over text and easily view more info, definitions, and relevant news in a tooltip format.

    I would appreciate your feedback and support :)

    https://www.producthunt.com/posts/webcheck-ai

    submitted by /u/eithan98
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    The Rise of Privacy Tech

    Posted: 23 May 2020 10:23 PM PDT

    The Rise of Privacy Tech is for founders, entrepreneurs, technologists, investors, experts, and evangelists of privacy innovation. https://www.riseofprivacytech.com/

    The inaugural TROPT virtual summit is in 1 month! Join us in fueling the rise of privacy tech. https://www.eventbrite.com/e/the-rise-of-privacy-tech-virtual-summit-2020-tickets-102817999404

    submitted by /u/PIXfounder
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    Opening an home electronics and appliance shop

    Posted: 23 May 2020 11:13 PM PDT

    Hi

    I am sorry I posted this at wrong section or wrong flair.

    I am quite new to entrepreneurship world and wondering how does one open an home electronics and appliances shop.

    For example, I wanna sell a brand new LG TV/freezers. Do I buy those TVs/Freezers from other shops and resell it in my shop?

    If yes, wouldn't it make the price that we need to set higher? But somehow I see most of shops are selling at the same price, so if the methodoly is the same as what I imagined, there wouldn't be any profit.

    submitted by /u/abcxyz-5
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    Which sources for info and news about the startup ecosystem do you use?

    Posted: 24 May 2020 02:02 AM PDT

    Hi, currently I would like to update my sources for info and news about the startup ecosystem.

    Until now I have used the following websites:

    I would really appreciate it when you would post your go-to-websites for startup news and info. :)

    Thanks

    submitted by /u/ValidRobot
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    Have you checked HEY? They recently received 13000+ stories in 24 hours with a single page.

    Posted: 24 May 2020 02:01 AM PDT

    It was a simple NO BS page. Every startup here can try it out.

    Thought it would be useful to share.

    To give you the context: Jason Fried (@jasonfried) is the CEO of Basecamp. He's also a genius who recently acquired Hey.com (email service coming soon).

    I spent some time going through Hey's homepage. I think it is brilliant.
    Back in Feb, within 24 hours, over 13000+ shared their stories thanks to this one-page. It takes weeks and months for startups to acquire these numbers. But not for Hey. There's no fancy design. Or extremely creative ideas. Just simple and pure copy.
    The problem was simple: Hey is an email service. And you have tonnes of them already. How do you stand out?

    Answer: By writing an effective sales copy. I have broken them down into six simple steps. Entire article is here: https://tinygrowth.substack.com/p/how-to-write-like-heycom-simple-effective

    In fact, Jason is repeating the same stories in the media — and the build up is incredibly good. Everyone is waiting for this new email service.

    1. Make the copy relatable by sharing the truth
    2. Expand the truth
    3. Use yet — and then glamorize the core idea
    4. Add the "good" news
    5. Introduce your product
    6. Let them "try" it…

    Hope this helps! :)

    submitted by /u/imbangalore
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    Retail Store Affiliate Marketing Purchasing

    Posted: 23 May 2020 09:59 PM PDT

    So it's my understanding that through affiliate marketing, you recieve links for items. When someone clicks on that link and proceeds to purchase an item from the retailer's website, you recieve a commission on that item. My question is, would there be any way to keep the checkout process "in house"? In other words, say I were to write a program that has users checkout on my site. When they do so, my program would take their information and check out on the retail company's website using the provided affiliate link. The whole point of this would be to provide a cleaner user experience on my website. Is this something I would have to talk to the retailer about? Or could I just do it? Thanks in advance.

    submitted by /u/Wulian01
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    Advertising Poetry

    Posted: 24 May 2020 01:33 AM PDT

    Hi! I recently published my first book, a collection of around 180 poems. It's available on Amazon and my publisher has started promoting it with Amazon ads. I've taken to Instagram to promote my book, buying a promotions, posting pictures etc. I've even tried posting some poems of some subreddits here, ( although I'm still fairly new to reddit and can't find any good subreddits for poetry without ridiculous rules ), how else can I gain notice to this book that I've poured my heart and soul into? No one told me that the hardest part about writing a book would be convincing people to pick up the damn thing. All help is appreciated. Thank you!

    submitted by /u/bellasarai___
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    Advice for raising capital without a built product?

    Posted: 24 May 2020 12:33 AM PDT

    I've been working alone on a startup, and I'm at the point where I need to raise capital to have my product coded, and it's not going to be cheap (it's closest to a stock trading app)...

    Any and all capital raising advice would be really appreciated. Even if it's not directly related to not having a built product yet. 🙏

    submitted by /u/halebass
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    Open source software as a business model?

    Posted: 23 May 2020 01:08 PM PDT

    I recently applied to an accelerator with an idea and MVP. The interviewer was a former founder with multiple exits to huge companies, he rejected me and said the idea would only work if I begin by open sourcing it and getting a large community, then try to monetize it.

    I know this has worked for companies like MongoDB, but this seems like a very inefficient approach for a few reasons:

    1. Huge amount of work just to build an open source community, before even knowing if they'd pay for it. BUT, if you know they'd pay for it beforehand...why not skip the open source and just make a business?
    2. It seems like you offer the core parts of your work for free, but keep some small parts as "enterprise support" features. This seems very arbitrary and hard to pick, what if the community likes your software enough they just build these "enterprise" features onto it? Then you no longer have anything of value.
    3. Seems disingenuous to recruit people for an open source project and later try to sell to them, and also to take open source work that random people did and make money off it yourself.

    Could anyone offer other perspectives on this? I've seen multiple small seed/series A startups operating this way, just working on building the community and hoping to monetize later. Seems like the business equivalent of building a social app and just assuming you'll eventually make money.

    submitted by /u/iocuydi
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    How to validate telemedicine assumptions?

    Posted: 23 May 2020 09:42 PM PDT

    I am looking into a planning a telemedicine platform. Basic idea is, You need to talk to a doctor, you find one on the platform and talk to them without having to leave the house.

    I need to validate the idea/assumptions but am struggling to come up with how to, other than just asking people. I know there are some ways, like a pre-launch sign up list but I don't think that fits.

    Obviously the assumption "people will want to talk to doctors" is pretty well validated. My doubt is around the assumption "people will want to talk to doctors via telemedicine".

    Anyone got any good ideas for idea validation beyond just straight up asking "would you xyz?"?

    submitted by /u/djames843
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    How flexible is the Google calendar API? Where are the pros with experience working on calendar API?

    Posted: 23 May 2020 04:39 PM PDT

    Hello all,

    I'm in the beginning stages of building a web app that's core is a calendar. I was considering using Google calendar API but I couldn't find how flexible this API is. I have a someone I'm working with, who codes, but I'm not a techie.

    Can you use the Google calendar API to give different people in a website to see specific tasks without logging in with Google account?

    Do you know where to look for affordable coders who gavye experience with the Google API ?

    Thank you! Robel

    submitted by /u/SerialHypnotist
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    What does the fundraising landscape look like in the COVID-19 era? Harder or easier to raise an early stage round from your perspectives?

    Posted: 23 May 2020 11:36 AM PDT

    Looking to do some investor outreach in Q3 for raising some seed funding and would like to understand what the fundraising landscape looks like ahead of time while we're in this pandemic.

    I assume in periods of economic uncertainty that fundraising is a lot harder and investors are probably being much more conservative with their available investment funds...

    Thanks in advance for your inputs, upward and onwards!

    submitted by /u/bananablocks
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    Technical Work Timelines and Costs for POS-focused App?

    Posted: 23 May 2020 08:13 PM PDT

    THANK GOODNESS FOR REDDIT!

    Wow, I didn't know why I came here sooner for startup advice! Facebook groups are DREADFUL.

    Anyway, I'll here's some fast info:

    1. I'm a single founder for a photostream app in a niche market.
    2. It doubles as an ecommerce platform (for B2C, B2B).
    3. Business model pivoted towards charging transaction fees to maximize revenue.
    4. TAM is ~90M Americans.
    5. Pre-seed stage, spent a few thousand of my own money incorporation, EIN, 20+ domain purchases, already received $21K offer for one of my domains (not selling it).
    6. I'm a first-time app developer w/ no coding experience but tons of successful marketing experience in the field.
    7. Never worked with Angels or VCs before.
    8. Competitor just received less than $5 million in venture capital from multiple sources YEARS AGO and they still haven't pivoted to target the juiciest part of the market despite being nearly 10-years-old! They're foreign-created/owned and don't quite understand the market yet. Even their presentation materials are incredibly amateur. They didn't even know what a TAM was!
    9. The competitor's growth is so slow because they're targeting too broad of a market too early and have already made investor promises to keep on track with a worldwide market spanning more than 140 whole and segmented industries. They're not user-driven!
    10. My focus is just to work on capturing the juiciest and fastest growth segment of the market (which has increased 500% under the pandemic) and launch this app ASAP.
    11. Super majority of revenue isn't in commissions or in-app purchases, but lies in transaction fees of 1-2% for the TAM in just the U.S. alone.

    Found a CTO to pitch to, he ended up taking the idea to India where he's from. Our NDA and competency agreement only applies to the U.S. So now I don't trust others at this early stage because competitors are just going to pop-up in other countries.

    So, rather than pitching vestment opportunities to coders, I have decided to switch gears and hiring people rather than meeting strangers who would likely just go and develop it on their own.

    My question is this: How do I calculate what scope of technical work is needed to build this POS system (like Stripe) and simple photostream app just to accomplish the MVP?

    • How many people would I need to hire at minimum to sustain the lowest head count possible and to maximize development time?
    • What would be their position titles/responsibilities?
    • What is a salary range without vested equity?
    • In the pandemic-era, should I get office space for this small team?
    • If not, how do I remotely manage this team to ensure they're not dragging their legs?
    • And any recommendations on finding this talent and what to look for? As a high school drop-out myself, I've always hired people with blind ambition and willpower, but this is a little different. I've read tons, but I'd rather hear from people than click bait-like articles and blogs.

    There is strong market validity and I need to build this app asap to capture the market during this pandemic (the most opportune it would ever be). My competitor already acquired less than $5 million in funding and they didn't even know basic business terms. They're not business guys, they're technical guys who recently pivoted away from my conceptual business model (surprisingly!).

    Assuming I can raise all the capital necessary, what is a good time range this app can be built?

    To recap my vision, the app is a:

    1. Simple photostreaming app to collect photos, share and send for users;
    2. Basic ecommerce platform for businesses;
    3. POS software designed to charge a ~2% fee; and
    4. Wireframes would be fully complete by first hire.

    This is the MVP. Anything less would result in a full copycat version of my competitor where I have no advantage. Outsourcing is not an option either. I don't think that's a smart money move for so many reasons.

    In order to proceed with an investor, I need to know how much to ask for. In order to know how much I should ask for, I need to know my costs. From there I can decide the equity proposition. This is the last ground I have yet to cover before investor materials are complete and ready for submission.

    This is the last puzzle piece I need to proceed.

    If you can help, I would be eternally grateful! Any and all info is welcome!

    Thank you guys so much!

    tldr; How many people and how much salary money do I need to build a simple photostream social media app combined with ecommerce and a Point-Of-Sale system to reap a ~2% transaction fee? And what would be a timeline for this development? And the specifics of hiring? Salary? Experience? Titles? Responsibilities?

    submitted by /u/barrelbarrelbarrel
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    Productized UI refactor service for indiehackers

    Posted: 23 May 2020 01:21 PM PDT

    Hi everyone!

    I run a web design and development agency, and I noticed an interesting pattern.

    Almost all indiehackers, solopreneurs, or bootstrapped founders inquire for similar service scope.
    They are often coders themselves looking for help to make their apps looking nice before going live.

    All they need are some UI fixes, minor UX changes, fonts, and color palette tweaks.

    Typical agency approach that entails research, personas, UX wireframes, multiple iterations is not the way to go in this case.

    I'm thinking of a productized service that would address this need.

    I envision 3-5 day turn around, pricing plans based on the number of screens, and priced between $1,000-$2,000.

    I found that most productized design services are based on the hourly packages, which barely give any idea about the output.

    Also, I think it might be especially useful for mobile apps and some web apps. Landing pages can be easily built on top of existing, decent templates.

    Would you use it?
    What pricing, turn around, and deliverables would make sense in your case?

    submitted by /u/dcedrych
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    Creating a Relationship with Other Companies

    Posted: 23 May 2020 03:35 PM PDT

    Hey guys! I've been a long time lurker on here, but it's my first time posting.

    As a startup we are looking to build some relationships with other companies and eventually becoming a partner. For example, a company like Amazon is partnered with Accenture to help cloud management. By no means is Accenture a small company, but if you were a smaller company like Accenture in comparison to Amazon, how would a smaller company or a new startup attempt to build relationships and try partnering with a bigger company?

    If anyone has any experience in building long time relationships with bigger companies, whether it resulted in success or failure, I would love to hear about it along with any advice. Thanks!

    submitted by /u/SungJinA
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    Customer Discovery during COVID-19

    Posted: 23 May 2020 02:37 PM PDT

    I am trying to get a new business idea moving and looking to do my diligence with regards to customer discovery. Every part of me wants to go talk to anyone and everyone out in public but that's kind of frowned upon right now. I have been using reddit and asking around as best I can to get feedback but it is still not the same as going and talking to people face to face. How do you think I should proceed with trying to get feedback from people. My goal is to have legitimate conversations with somewhere around 300 people to really lock down pain point. All ideas encouraged!

    submitted by /u/CommonFace1
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    What's the next big startup friendly city/state/area?

    Posted: 23 May 2020 01:41 PM PDT

    Somewhere that's gaining more popularity, just like san Francisco in it's early days where resources and capital where available. San Francisco is getting excessively competitive and i feel like it has become excessively competitive and not in a good way. I believe many people and companies are choosing not to start their business in other areas like phoenix and cities like Berlin. My question is, where do you think is the next silicon valley?

    submitted by /u/zitrone_dealer
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    Lack of developers in a specific field in my country

    Posted: 23 May 2020 01:34 PM PDT

    So i co founded a startup that provides educational content using AR. In the start since i was the CTO i decided to use Unity because i am familiar with, it make AR development and animations easier and you can write code once and build for iOS/Android , but now we are growing and we decided to hire some developers. The problem is that we couldn't find experienced Unity developers in my country and i can't hire from overseas because we can't handle paying with foreign currency for now. What should i do now? The logic says i should choose something else rather than Unity but that will take time and resources to rewrite the entire app.

    submitted by /u/khmaies5
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    Are F2P/MTX mobile games still viable without substantial investment?

    Posted: 23 May 2020 01:29 PM PDT

    Hey.

    I own a couple of software development companies in various fields and I was thinking about diversifying out into game development. Mobile games to begin with and to fund future game development projects.

    I know there's a lot of investment out there for free-to-play micro-transaction focussed mobile games, and obviously I'd be hiring more experienced team members, but I wanted to hear thoughts on if it's still viable without mega-bucks. Can you still create a business model around game ads (I always see AdChoices in other mobile games) with smaller budgets, or is the market completely saturated and unviable for any but the biggest players?

    Cheers guys.

    submitted by /u/gamedevthrowawayman
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    Working instructions update?

    Posted: 23 May 2020 12:36 PM PDT

    What do you guys use as a Working Instructions / SOP tool?

    It's getting difficult in training new hires with different PowerPoint presentations, word docs, sending emails with changes in procedures, etc. Sometimes is difficult for me to keep up :)

    I'd like a tool where I could store all my WI in a visual way, and maybe with notifications of updates and stuff like that.

    Any suggestions?

    Thx

    submitted by /u/kravimsky
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    Finding resourceful co-founders?

    Posted: 23 May 2020 03:53 AM PDT

    Hi. I'm a full stack developer and I reached a point in time where I think it would be much more valuable for me to work on my own projects instead of client projects. I have experience in building diverse types of web-apps and I have plenty of ideas, however I am very much lacking in the marketing and management sector of business. Ideally, I would be looking for someone with a good professional network, digital marketing experience, etc. to start a project together. How would I go about finding a person like this? Most people I know are very comfortable working in traditional environments, with a steady paycheck and would seldom think about adventuring in building a new business. Hope this reddit community can share a bit of insight in this problem, for me and other newcomers alike. Thank you.

    submitted by /u/Bwks
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