Startups Starting a delaware C-Corp and want to know the process (Im using Atlas) |
- Starting a delaware C-Corp and want to know the process (Im using Atlas)
- What business am I getting myself into?
- Seeking tech lead for AI/ML industrial (pre-seed funded) UK startup
- Is it a good idea to start my startup in a different country than where I live?
- When you pitch a product idea to friends and family that is unanimously well-liked, how do you determine if it actually fits a market need especially if the product idea currently does not exist or similar apps exist but not immensely successful.
- Choosing your own salary
- Protecting your IP on a budget for a unique product?
- Early-stage startup, first developer opportunity, seeking advice
- Does anyone know of any places to find grants for Ontario startups by under 30s?
- How can I grow 10k new members in a week?
- How to approach locals about feedback regarding my app idea?
- Professional services startup; getting started
- Outsourcing app development on a small budget?
- How do you think about beating the competition?
- How do I start a service on demand based mobile app?
| Starting a delaware C-Corp and want to know the process (Im using Atlas) Posted: 30 Aug 2020 08:58 PM PDT Hey everyone, I will be forming a Delaware C-Corp for my tech company in the very foreseeable future. I want to know some logistics and things because i'm using Stripe Atlas (clerky was just too expensive). Here's what I want to know-
Those are my questions, looking forward to hearing from the community and their experiences. I know none (or atleast a very minimum) amount of people on here are not lawyers but please do share experiences, and general knowledge from what you all have done. I'm turning 15 on Friday—this is all super scary (legal part atleast). Thanks everyone!!! [link] [comments]  |
| What business am I getting myself into? Posted: 30 Aug 2020 09:51 AM PDT Hey all, so I'm starting a property managment business. However, after detailing out my business plan as well as researching competitors in the area, I'm starting to question if what I'm doing is ACTUALLY considered property management. My goal is ultimately to bundle property services such as pool cleaning, yard work, house cleaning, etc. And then approach local homeowners and offer to, well, MANAGE all of that for them. So I would essentially be consolidating all of those services into one single service. That way homeowners need not worry about scheduling, billing, and everything else for 5 different services. I'm fairly confident that my start up is, by definition, property management. But the fact that there's is quite literally not a single other property management company (in my area) that approaches this the way I'm looking to do has me second guessing myself. Competitors solely focus on rental properties and working side by side with HOAs. Am I missing something important? Or am I really onto something? Thanks for the feedback in advance. [link] [comments]  |
| Seeking tech lead for AI/ML industrial (pre-seed funded) UK startup Posted: 31 Aug 2020 02:29 AM PDT Hi everyone, We use data from existing sensors (heavy industries) on machines, and apply analytics to find actionable insights. Where we are:
Looking for:
DM me for a chat or comment. If the format is wrong or can't do here, let me know and can remove it. [link] [comments]  |
| Is it a good idea to start my startup in a different country than where I live? Posted: 31 Aug 2020 02:06 AM PDT I am working on a charity app. I did some market research and the counties that are most willing to donate to charities are in North America, EU, and Australasia. I am currently living in India - relatively smaller market for donating to charities. I believe I have 2 options but I am really unsure which way to lean:
NOTE: the charities the app targets are international charities only so I don't think that would be a determining factor where to setup the business. I've made multiple pros and cons list but can't reach a decision. I would really appreciate any input. Many thanks!! [link] [comments]  |
| Posted: 30 Aug 2020 05:32 AM PDT I've been trying to figure out whether a product idea I have is viable or not and using feedback from pitching the idea to friends and family to gauge the viability of the market and the product. However, my standard of judgment is that because no app that is immensely popular such as instagram or tinder or facebook exists then it must not be a good idea because otherwise it would already exist. I know this is a really irrational perspective and it is probably the cognitive dissonance in my brain that always prevents me from actually pursuing this idea, so I would like to hear the thoughts of people who actually have went on to build successful (or not) startups. They say founders should have 1000% faith in their idea. While I think my idea is great, I cant stop second guessing myself with numerous reasons as to why it would not be viable for fear of failure. [link] [comments]  |
| Posted: 30 Aug 2020 08:53 PM PDT Sounds too good to be true, I know. Long story short: I was just (unofficially)hired as the COO for a brand new start up- it's literally just me and the CEO. I'm in this "trial" period, and One of my tasks is to create a budget that includes my pay... I have no idea how to choose my own salary. A few days ago, I did show him a rough draft of the budget that included a salary slightly higher than what I'm making now at my other job, and he seemed to question the ability to pay the amount while simultaneously saying I should be asking for more...?I know it's a start up, so I'm not trying to plow through all of our money, however, the CEO wants to pay this subject matter expert consultant on our team $1500 less than what I wanted per month for only working 80 hours a month. I'm just trying to navigate what is and isn't allowed and how much is too much without short-changing myself. Thank you! [link] [comments]  |
| Protecting your IP on a budget for a unique product? Posted: 30 Aug 2020 07:35 PM PDT So I started a business at the beginning of the year creating something new and have had a lot of support given the fact I've been as vague as humanly possible around it. I'm planning to go to Kickstarter in a couple of months but am in a place where I have very very limited funding, no trading history as the business and my personal credit went out the window when I was in a DV situation for a while. Im not sure which way is up, as patent lawyers I've spoken to are looking at upwards of $6000 and I'm still in the prototype phase. An innovation patent gets granted pretty fast and will do the job and a design registration is a controversial topic depending on who I speak to. Does any one have any ideas about how I can leap over this issue as honestly, I'm sick of being very secretive about what I'm making and want to start producing marketing material but as soon as I publish anything about my designs, the materials or whatever it appears my idea is free game for possible competitors. I was lucky and got some visibility on a YouTube channel this week and the promise of about $1000USD which will help - I just don't know how whether the patent etc. Is worth it when I'm here eating instant ramen and praying. Thanks so much [link] [comments]  |
| Early-stage startup, first developer opportunity, seeking advice Posted: 30 Aug 2020 09:59 AM PDT tl;dr: early-stage startup opportunity to be first developer, unsure if it's reasonable to ask for a high salary and 1% stake. I'm a senior dev with some decent experience, ~9yrs in the industry, worked at amazon, msft in the past and most recently a couple really successful startups in NYC. I was recently presented an opportunity to work for an early-stage startup, that is well funded and registered as a Trust Company - afaik it takes a lot of capital to start a Trust company so it doesn't feel that risky. The company is in the blockchain space, but I am purposely leaving out details to get non-biased opinions. Let's just say, I really value the blockchain space, especially working on crypto platforms, exchanges, and anything related to fin-tech (it's an exciting space and the technical problems are very interesting imo). Also, maybe to preempt some questions, the person backing this entire thing is a billionaire and I think if he wants something bad enough he will fund it, so I'm not all that worried about funding. (Lastly I'm okay with this not working out - if it flops, I have enough cash/assets to keep myself afloat, and I have no problem looking for another job.) If interviews go right this week, I have the opportunity to be dev #1 and will be wearing lots of hats. I know this sort of role is entirely full-stack and will require really digging in and figuring things out. I have some full-stack experience in both coding up frontend/backend/oauth and launching on aws, so I know I will be fully utilized in as many areas as possible before hiring more engineers. My questions are: - What is a reasonable salary to ask? My last role I was making $180k, and I feel I am worth $180k- $200k but knowing how well funded this company is, and how many roles I'll be filling (sre, dev, infosec, and probably contributing to hiring, product/design, etc) I believe I should feel comfortable asking for $220k - is this reasonable? Am I over-valuing myself? - What is a reasonable stake to ask for? I previously worked in a startup 2 years ago where the first dev had a 2% stake, and when the company was bought for $2.1B - he cashed out nicely! I was thinking about asking for a 1% stake - is this reasonable? Another way I was thinking to negotiate is to say I'm willing to forego 40k for 2% stake - so 180k + 2% stake - same question - is this reasonable? Am I over-valuing myself? - Any other general advice/guidance is greatly appreciated! Thanks in advance. [link] [comments]  |
| Does anyone know of any places to find grants for Ontario startups by under 30s? Posted: 31 Aug 2020 01:22 AM PDT Decided to ditch my joyless 9 to 5 and start my own web dev company. I have a degree in mechanical engineering but decided on a career change. I've heard of acquaintences getting access to funding for their startups, unfortunately I never kept in contact with any of them. Has anyone had any success with government grants to help with supporting youth startups in canada [link] [comments]  |
| How can I grow 10k new members in a week? Posted: 31 Aug 2020 12:19 AM PDT Context: I'm given a scenario where I'm part of a startup that is focused around a new kind of "casual" gaming platform. So this includes short games you can play with your friends like Guess the Drawing, Secret Hitler, Cards Against Humanity, etc, all in an online format. It also features a built-in communication system, so kind of like facetime and games built-in one. How should I go about getting 10k new members who will keep coming back to the platform in just under a week? I was thinking of reaching out to youtube and twitch channels to get them to play our games (thus more exposure to our platform). Also maybe utilizing a SEO to increase our website's visibility? What else can I do? Any other suggestions? [link] [comments]  |
| How to approach locals about feedback regarding my app idea? Posted: 30 Aug 2020 03:47 PM PDT Hi all! I have an app idea and I wanted to get advice from locals in my community on whether or not they would be interested in something like this. Although I am afraid of someone stealing my idea. How do I go about this? Thank you! [link] [comments]  |
| Professional services startup; getting started Posted: 30 Aug 2020 07:25 PM PDT Not sure if this is a perfect fit here, if not my apologies. I'm an attorney at a boutique firm, about to take it over from the founder who's been running it for 30+ years. I've been attending webinars / CLEs etc on firm management, and I'm starting to be struck by how little I know, and the paucity of intelligence we have - we're not tracking any metrics! There's no business plan, no real approach to ARs, etc. We don't have clear intake funnels, we're not doing any CRM... So my plan is to approach this like a cash-positive startup and rebuild it. Right now we're a profitable dumpster fire ;) and I'd like to tame it and have it resemble an actual business, tracking KPIs etc. Except: Damnit, Jim, I'm a [juris] doctor, not a businessman! I have no idea where to start. Don't suppose there's a book or an online class or ... For the lawyer who now has to become a business operator? How to manage people? How to not panic? I'm rolling out tech (I'm also a programmer) that I hope will be applicable to other services firms facing similar needs, too, probably open sourced ... [link] [comments]  |
| Outsourcing app development on a small budget? Posted: 30 Aug 2020 04:20 PM PDT How can someone go about outsourcing app development on a very small budget? I have left my previous startup due to differences in vision and after working out a deal in which I am allowed to keep my existing stocks as well as compete with my previous business (it wouldn't be direct or take away anything from my previous venture). I have no more access to a technical cofounder nor the time or will to go that route again. My budget for app development after all other business costs will be around 20k USD tops (and even that number is probably pushing it). Our last venture (which I legally can't name) cost us 60-70k USD with 2 technical cofounders for comparison. This will be our first time outsourcing outside of our existing developer circle. [link] [comments]  |
| How do you think about beating the competition? Posted: 30 Aug 2020 03:46 PM PDT Hello! One thing I've thought increasingly about as I've launched my company is "Why haven't other competition succeeded yet?" And wondering genuinely if there's a reason why they haven't succeeded (I know this is relative). How do you think about your newly launched companies in this mindset? Do you pay attention to the competition and what they are and aren't doing or it doesn't really matter at the EOD? TLDR: is it a red flag if what you're trying to achieve has been done before to an extent but not very well? Or is that motivational to you? Thanks! [link] [comments]  |
| How do I start a service on demand based mobile app? Posted: 30 Aug 2020 01:45 PM PDT Hey guys, being a designer myself I can manage designing an app but don't know how I would manage to tie with a service. For example if I were to start a cab hailing service, how would one go about getting in contact with a provider? What all would need to be provided or what needs to be done? Thanks guys. [link] [comments]  |
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