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    Friday, August 21, 2020

    Startups Freelancer becomes competitor

    Startups Freelancer becomes competitor


    Freelancer becomes competitor

    Posted: 20 Aug 2020 04:32 PM PDT

    So back in april I hired a freelance dev to help me with a SaaS product (I'm an indie dev myself but was busy with a different project). Starts off great, but by june progress slows until I get a minor update once every two weeks. He says he's busy so in July we part ways on good terms and I complete the work myself.

    Today I found out what he was busy with - a feature for feature direct competitor to my product, which he started in June while working on my stuff.

    He's not using my code I think, and based on what I've seen it's different visually, but same problem/solution/product features.

    I know the mantra is "ideas don't matter", but this kind of leaves me with a bad taste.. Is there anything I can do to prevent this in the future? I'm pretty sure non-competes aren't even enforceable, nevermind the fact that I don't have the resources to sue anyone anyways.

    submitted by /u/tyrellxelliot
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    What is the simplest product you have ever profited from?

    Posted: 20 Aug 2020 08:33 AM PDT

    Does anybody care to tell about a super simple product they have built?

    I have ideas for a bunch of simple web-apps (things like pulling data from pdf files for niche purposes) and just wondering if anybody has had success with simple products like that, especially as a solo entrepreneur.

    submitted by /u/jbr17
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    I’m a teenager and I’m hoping to get a job at a tech startup.

    Posted: 20 Aug 2020 02:34 PM PDT

    Hey. My name is Chase and I'm 13 turning 14 this fall. I am pretty smart and learn quickly. I know basic coding and can build pretty good websites and apps with no-code builders. I play sports and am great at problem solving and thinking outside the box. I want to start some small businesses such as online stores and Micro SaaS projects but I need a consistent source of income to fund these projects and the tools and learning necessary. I am already promoting my pet care services within my neighborhood and am offering lawn care as well. My previous work experience includes working for my dad at his 7-11 and umpiring Little League games. I'm not looking for long-term work nor a crazy salary but I want a basic income and a job that I don't hate(such as working at some fast food chain).

    Do you have any advice on how to get a job as a 14 yo (I already researched the legal side) at a startup? Any advice is greatly appreciated. Thank you.

    submitted by /u/ChaseBStudios
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    Government Agency is interested in my creative content!

    Posted: 20 Aug 2020 11:27 PM PDT

    I recently started a podcast about the future of work. The reason for starting a podcast is to develop personal branding. Its been only 3 episodes and my boss liked my idea of a podcast, and he has offered me a better outreach if I do it as a PR for the job I do. The only condition he has put forward is that it should have an element of climate in every episode. I have the freedom to choose, how I can bring that in. I am confused if I should take up the offer and would like suggestions from the community.

    Listing down the pros and cons that I have already mapped for the offer:

    Pros:

    1. I work with a government agency, so outreach will be high. It will include top management as well as professionals. I am estimating, a monthly reach of at least 10-20k people in the field. Organically, I can reach 1-3k people and would take a long time to reach these many people.
    2. The work will be included in my work time, so basically I am getting paid for what I started as a side gig.

    Cons:

    1. Being a government agency, and my contract states that all the work I do is the property of the government. So I lose the copyright to the content. Is it possible to renegotiate this? I do not mind joint ownership so that I can use the content for my own purpose in the future.
    2. The content can't be controversial and I fear that the content and the kind of interviews I do will change, to cater to the work. This might lead to me losing interest in development of podcast in future.

    General comments:

    1. I have hosted it on anchor.fm and I planned to monetise it in the future. Who now gets the sponsorships?
    2. Chances of getting into legal cases get higher as the content is being spread through a government agency.
    3. I am only on contract for the next 5 months. What happens post that? I am not sure if my contract will be extended or if I find any other good opportunity, I can shift to another agency/organisation.
    4. As the content will be spread through government channels, can I still increase my personal branding? How to integrate my website or LinkedIn page for future work engagements.

    Let me know if I am missing out on any points or your suggestions for the choice I can make.

    submitted by /u/SustainabilityGuy
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    How to calculate scaling costs of servers/tech infrastructure?

    Posted: 20 Aug 2020 06:36 PM PDT

    Hello everyone,

    So I finished something like an MVP and I'm thinking about starting to get in touch with some investors for which I'd like to have an amount of money in mind. But I'm not really sure how to calculate how much I would spend on things like servers, data storage, etc. to serve X customers on a given month so I can't really picture the amount of money I should ask for.

    Any tips or help will be appreciated.

    submitted by /u/cochemuacos
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    Finding a Co-Founder

    Posted: 20 Aug 2020 08:46 PM PDT

    What are some resources I can use to find a technical co-founder for my startup idea? As I'm in college, it would be preferable to find another college student from another school. I've spoken to a few VCs and others in the tech industry who think it's a good idea but would need to be further in the process in order to be investment-worthy. I want to look outside of my network and school because of the idea specifically. As I'm just starting out, any insight would be helpful. Thanks!

    submitted by /u/venge14
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    What's the best free software to use for creating income statements, balance sheets, and cash flow statements?

    Posted: 20 Aug 2020 08:52 AM PDT

    I want to be able to create an income statement, a balance sheet, and a cash flow statement for mobile app startup. What is the best free software to use for this? The only one I know is Excel but I don't know if there is anything better out there. Also, what other software do recommend for managing your business's finance?

    submitted by /u/techsavvynerd91
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    Solo founder for hardware/software startup?

    Posted: 20 Aug 2020 06:00 PM PDT

    I am in the early stages of developing my startup that would be a hardware product that interfaces with software in the gaming industry, i.e. VR/AR, and I have been working on the hardware side of things for awhile. I am concerned when going to pitch to an angel that I don't have the Team they want to see, generally at least 2 cofounders. I am pretty proficient at hardware design but I have no real experience to speak for other than my day job (different industry), and I'm quite weak on the software side. I am planning user discovery/validation at the moment and I think my point here is that I could use some pointers on where I could find everyday people to pitch to, who use VR/AR products to see if this would be something that they would pay for. As for the programming side of things i am still refining how i want my prototype to be "glued" to games or the software side. Should I find a tech cofounder or try and learn programming on my own to develop my pipeline? Thanks for looking.

    submitted by /u/xobmomacbond
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    Advice on where to start when looking for a lawyer for early-stage startup legal validation?

    Posted: 20 Aug 2020 01:50 PM PDT

    I'm a sophomore in college and have built an MVP for a financial software. The market interest is there, but I haven't incorporated yet. Conversations with smarter people than me (but non-lawyers) have helped me realize that launching without talking to a lawyer specializing in stuff like financial regulation (SEC, Commodities law) might open me up to legal issues. There's plenty of resources on incorporating, but the stuff I've found online about finding lawyers in the aforementioned categories has been a little esoteric for me - any advice on where to start?

    submitted by /u/Vampiretooth
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    Best way to promote a book?

    Posted: 20 Aug 2020 04:58 PM PDT

    My friend and I decided to be productive and write a book during quarantine. It's a book of puzzles/riddles targeted at adults! It's about to be published, and we're responsible for handling all marketing. My first idea to promote it was to start a podcast where we invite contestants and make a gameshow out of solving the riddles; obviously using it to plug the book. Great, but now we also have to promote that too. At this point, I'm treating it more like a startup/brand. Does anyone have specific tips for success promoting their book? My background is advertising/marketing, so feel free to get technical with paid ad details etc. Thank you!

    submitted by /u/Big_Possible
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    Where are VC-backed startups HQ'ing these days?

    Posted: 20 Aug 2020 07:37 AM PDT

    I haven't followed the venture-funded startup world in awhile, but I'm curious what the current "wisdom" is on where a high-growth startup should be based.

    Is Silicon Valley / SF still number one? NYC seemed to be catching up, but with COVID, it's unclear if that will continue. Maybe there will be a major push toward remote companies and/or second-tier cities like Austin or Denver?

    submitted by /u/abillionpleasesir
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    Marketplace Platform Niche Selection

    Posted: 20 Aug 2020 07:42 AM PDT

    I'm interested in opening a Marketplace in my country. I'm trying to decide between Fixed Priced, Subscription Based or Auction Based.

    What's really difficult is deciding on a niche market. How would you go about finding and targeting a specific niche?

    submitted by /u/BioEndeavour
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    Does my pricing model suck and if so should I change it?

    Posted: 20 Aug 2020 01:55 PM PDT

    My business is a website monitoring and alerting solution, the service provides basic HTTP/HTTPS monitoring with SSL certificate expiration monitoring - since I've seen too many sites with expired ones when there is no need - with plans to add some extra things like response time monitoring before a relaunch. That is the monitoring part, the alerting portion of the service is where when the monitoring detects an outage that it will then go into what we call an 'alerting flow' which is system that will pull notification settings and send out alerts based on them, this combined with our policies allow customers to manage on call lists.

    With the relaunch planned for later this year I am looking at both increasing the feature set - currently underway - and also looking to make sure the business model works well. That brings me to the question at hand, changing my pricing model.

    Currently my pricing model is 3 tiers, starter, growth and business. Starter is a basic tier with a limited number of monitors and users as well as support, logs ect. Then growth and business build on that each increasing the limits and other features offered.

    Currently starter is a flat price and then the growth and business are seat/user count based. The idea behind using users as a pricing factor was that it was a main cost center - monitoring is cheap its the alerting that costs a lot comparatively - as well as some of the other services that offer alerting are priced using users.

    This pricing model has come with a good bit of criticism over the past 3-4 months as I've been talking to more and more people about the service. I've had many people suggest I go to a monitor/usage based model where I would charge 3 different prices based on the feature set wanted then have a monthly usage where they get so many SMS/call minutes included and then do packs on top of that for fillup incase of many outages.

    Idea of the new pricing model would be they pay say $1 for 10 monitors at the starter feature set and say $5 at the business feature set but SMS/call packs would be a constant price - I think I might make this more like AWS where the more you use the cheaper it is; though I don't think that will come soon should I take this approch.

    Option 1:
    Keep a multi tiered model where you get more monitors the higher up you go in the feature levels. This would look very similar to the current seat based model except it would cut out the idea of a user limit and instead would just be static tiers which can be upgraded to.

    Option 2:
    A per monitor pricing model where you can buy groups of 10 monitors at different feature tiers. IE you could buy 10 monitors at the starter level which will only have certain features and if you want more features you would upgrade all your monitors to a higher feature tier. On the other side if you are happy with your features and just need more monitors you could buy 10 more monitors.

    With all that verbal blah out, what do you think I should do when it comes to a pricing model?

    submitted by /u/pageanengineer
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    Best tool for hashtag growth analysis

    Posted: 20 Aug 2020 06:10 AM PDT

    I'm trying to assess how quickly the use of a particular hashtag has grown over time.

    Instagram tells me how many times it's been used in total, but not over what period.

    Can anyone recommend a tool (paid or unpaid) to capture this data?

    I'd like to be able to say something like: "The usage of #example has increased by X% over the last Y years."

    submitted by /u/sasalek
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    Another equity question - Engineer with an opportunity to work for a startup

    Posted: 20 Aug 2020 02:32 PM PDT

    I'm an engineer with the opportunity to work for a startup. We are beginning negotiations on compensation. The startup (of which I will not be a founder) got their first and only round of seed funding a year ago. They've gotten themselves to the point where they need some additional technical expertise, and that's where I come in.

    The position is paid, something approaching my normal base salary, but without the benefits of a larger company like 401k, healthcare, etc. so it is a small pay cut.

    I have however never negotiated equity. I've read through some of the posts here, and frankly they are a bit over my head, because I think I don't understand the basics. If I'm offered a 1% 'equity' share, what does that really mean? It seems like that's worthless, unless the company is eventually bought. What other options are available to me at the negotiating table to make sure I get a stake in the proceeds should things become successful after MVP?

    I'm happy for someone to tell me to go RTFM, if you could point me to where it is.

    submitted by /u/testfire10
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    Choosing Insurance

    Posted: 20 Aug 2020 12:48 PM PDT

    I'm working on a data science consultancy. Planning to take in an employee in the coming months too. Overall, I'm trying to figure out the insurance needs. However, I lack experience getting insurance like this, so any advice or resources on how to go about getting the right pick would be appreciated. Thank you!

    submitted by /u/claws76
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    Wondering how everyone's shipping has been effected by Covid19

    Posted: 20 Aug 2020 08:15 AM PDT

    Recently launched a subscription box based in Japan, and finding a way to ship to the US with Japan Post limited to container shipping only was hell. Been hearing about how bad things have been for USPS lately, and now I'm wondering how everyone else's shipping practices have been affected by the pandemic?

    submitted by /u/Timelogic41
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    A question regarding startup deductions

    Posted: 20 Aug 2020 09:21 AM PDT

    Are startup tax deductions calculated for calendar year in which the business is registered or from date of registration? I have a stack of receipts going back months but do not plan on actually registering the business until next month. If it's from date of registration is it possible to transfer or sell personal assets to the business to attain the deductions?

    submitted by /u/Tyrks42
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