Startups Wednesday Social Club - Share What Events You Are Attending This Coming Week |
- Wednesday Social Club - Share What Events You Are Attending This Coming Week
- I discovered merchant fees today and feel like a complete buffoon.
- Good Startup Practices to Acquire Users
- Help me out. How do i create my first customers? (i am targeting a very small and specific base)
- HELP! Should I be paying for backend development for web platform?
- How much equity should I ask for?
- I need funding for my project, what can i do?
- Best payment API to use for large payments?
- Strategy to roll out a new version of software
- How to use TikTok as a channel for students / scientists / computer engineers
- How to re-structure a deal with a partner? Is it possible?
- How do you track your remote development teams?
- Best free/low-cost e-commerce platforms? Etsy vs Woocommerce vs PrestaShop vs Square vs Weebly
- How do I find a technical co-founder to help execute my idea? I have an idea for a website in the real estate field. I have a non-technical business development background and no funds.
- What did you do after your first startup failed?
- Breakdown of fees charged to content creators on different platforms.
- Is there a solution like Clerky, Gust or Stripe Atlas for Benefit Corporations?
- Can I save money on a CPA review for a company with virtually no financial history?
- Useful for folks anticipating exits - Important to consider effects on your life.
- Proposal pitch: should I include the cons and be fully transparent?
- Turning a mobile app into a business?
| Wednesday Social Club - Share What Events You Are Attending This Coming Week Posted: 05 Aug 2020 06:06 AM PDT 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]  |
| I discovered merchant fees today and feel like a complete buffoon. Posted: 05 Aug 2020 05:12 PM PDT I recently shifted from freelancing as a content marketer to establishing a digital marketing agency (LLC). I was doing some research on how to accept digital payments so I can invoice my clients and learned about merchant services and corresponding fees. How did I not know this was a thing? I feel dumb. And angry. Edit 1: My questions are... 1) Why do these fees exist? 2) What is the best option for me as a small B2B agency? All of my transactions are done digitally and through invoicing. Edit 2: I understand how taxes work and why businesses are taxed. I just didn't know I would be charged a merchant fee for every transaction I made. I'm learning... Edit 3: I guess this is a tough crowd. Please only comment if you have actual advice. It might be hard to believe, but I'm confident in my intelligence and have no problem spilling the gaps in my knowledge all over Reddit. At least I'm trying to learn something new. [link] [comments]  |
| Good Startup Practices to Acquire Users Posted: 05 Aug 2020 02:27 PM PDT I'm a product/service idea/creator and seo guy. But when it comes to marketing I'm quite clueless. I've also never really "got" social media or used it despite growing up around it -- probably much is to blame on being very introverted throughout life. My usual plan for blogs have been good seo, time, and maybe advertising posts on social media. SEO was easier years ago and this was enough. Anyway, my new project is more of a service-based website, so I'd like to have an actual marketing/advertising plan to gain initial momentum and acquire users. Common sense things like going to where the users are and advertising to them, even directly by word of mouth, I can grasp, but that alone won't be enough. Can someone provide some advice here, either as some general rules of thumbs startups go through to get initial momentum or some resource that helps with this? The business startup topic/niche itself is huge and I can imagine the amount of fluff talkers and motivational speakers there are; I don't have the time to wade through all e-courses, anthony robbins types, and novels. [link] [comments]  |
| Help me out. How do i create my first customers? (i am targeting a very small and specific base) Posted: 06 Aug 2020 02:44 AM PDT So i am making a web app that schools or colleges could use to contact with their students...it's not a big thing but i was just wondering how to i start selling? i mean how do i get the first people to buy subscription? should i individually approach schools (if yes, alone or not, or should i start with low end schools and then move up) or should i go directly into ads (i don't think this one's gonna be effective). Please help me here... [link] [comments]  |
| HELP! Should I be paying for backend development for web platform? Posted: 06 Aug 2020 01:33 AM PDT I am an ESL educator whose business of offering test prep classes has been severely affected by the current pandemic. I've been wanting to build a digital test prep platform for years and figure now is the time to make the jump but am completely out of my depth when it comes to what is the norm for this type of work. I met a web developer I like and that I gel with. We both agree that if all goes well then the idea is to continue to work together in the long term. For this same reasons, he is offering to cut costs by not charging for the backend development. Saving money sounds great to me but I'm not even 100% sure what this means. Also, if things were to go south at any point in the development my understanding is that I'd be walking away with all of the front end and CMS development but NOT the backend, since it's his. Is this normal? Is it a big risk to have to part ways without a backend were it to come to that? Thanks! [link] [comments]  |
| How much equity should I ask for? Posted: 05 Aug 2020 11:59 AM PDT I'm looking to get some idea of what I should be asking for in terms of equity as a co-founder and head of product/engineering on a B2B/B2C application in the gig economy space. The current founder is CEO/COO, not technical at all, and not familiar with building/scaling tech products. The founder does have a strong background in scaling companies from a business development/operations/marketing perspective. There was previously a CTO that left because he wasn't feeling comfortable in the startup environment. There is one developer, a support/operations contractor, and a small team of advisors working currently. The company has ~$375K in funding from friends/family/personal and a small accelerator investment. The current runway is ~4 months. There are a number of VCs who have shown interest in a seed round but according to the founder the company needs a strong product co-founder who is technical and can build a product roadmap/strategy that would demonstrate the pathway for growing the user base both on the B2B and B2C side. In terms of company state, there are two mid-size partnerships and a decent number of customers paying monthly fees. The product itself is in MVP state and needs to be built out and improved significantly to continue growing the user base and fit other partners needs. The core idea is solid, it just needs to be expanded and extended. My role would be leading product and engineering efforts - hiring developers, building a product strategy, developing a roadmap, and leading integration efforts with partners identified by the founder. The founder's role is primarily business development, operations, and sales/marketing strategy. I would be part time working ~20 hours per week. Any advice on what I should be asking for in terms of equity or how I should approach this conversation? I was asked to come back with numbers on what I'm looking for. There would be no cash pay at this time and I'm okay with that as I'd still hold my day job. [link] [comments]  |
| I need funding for my project, what can i do? Posted: 05 Aug 2020 11:53 PM PDT I have an idea, which is related to transparent phone, but I need funding for my project, what can i do? I think i will need to write a proposal and find sponsor. But how can i approach the sponsor? Here's some more details:
I may be able get away from point 1 (other programmers) by partnering with other CS people, but with point 1, 2, and 3, i think I will need at least $10,000 USD. How can i do this? Where can i send the proposal to? Thank you! [link] [comments]  |
| Best payment API to use for large payments? Posted: 05 Aug 2020 10:47 PM PDT I'm creating a custom Rental portal application for a client that owns various Multifamily properties. Users log in and pay rent through the portal, the only issue is that most APIs have fees based on the transaction amount, which adds up on Rent payments pretty quickly. Some APIs have a max fee of 5$, but I feel this is too much to stomach for the user. I have used multiple rental portals in my time as a renter, and I've never had to pay fees using them. (And a lot of them were really old portals that were obviously custom-built for the purpose and not through some sort of large company that does this stuff). Is there a way I can cut these fees down or even zero like some applications I've used in the past? I doubt the companies running the portal actually stomach the fees themselves as I had multiple roommates each making payments through the portal. Three roommates = 15$ in fees for one unit? I checked companies that offer rental portals and they usually charge 25$/mo base + 2$ per unit. So there is no way they are paying these fees. Am I missing something here? [link] [comments]  |
| Strategy to roll out a new version of software Posted: 05 Aug 2020 01:52 PM PDT Hey, So, I have a SaaS product which have many existing clients and we have created a brand new version of app from scratch, so this new app is faster, has a different pricing model and different features. Since it's new there are lot of features it is missing as compared to v1 but the speed, new UI and many new features. So, not every lead will prefer v2 right now as it will take us 5-4 months more to add all those v1 features in v2 but there are many leads who will really prefer v2. My dillema is how do we roll out this new version along with new pricing but still making sure that we don't miss out on revenue from clients who will prefer v2 until next 6 months. Any suggestions?? [link] [comments]  |
| How to use TikTok as a channel for students / scientists / computer engineers Posted: 05 Aug 2020 10:24 PM PDT Has anybody experience with using Tik Tok as a platform to target students, scientists, or computer engineers? I'm fully aware that Tik Tok's primary user base is teens... We have an early stage EdTech tool and lots of our users are college / grad students If anybody has experience & can share or has a good guide (ideally not targeting teens, I've seen those), would greatly appreciate! [link] [comments]  |
| How to re-structure a deal with a partner? Is it possible? Posted: 05 Aug 2020 02:19 PM PDT Here is the deal, We don't even need his investment now because since we are going to be selling b2b we are going to get the orders before manufacturing so there is no stock to buy upfront. If he would have put all the money at once showing his commitment we wouldn't there to rise this issue, but he didn't. Is it feasible? [link] [comments]  |
| How do you track your remote development teams? Posted: 05 Aug 2020 02:43 PM PDT How do you track your remote development teams/contractors? We are using asana and we tried so far 'harvester' it's great too but just wondering if there are other tools you are using to track your remote developer hours? Also, I am thinking how good is to do this.. but no matter what I or others say, it feels some of the remote guys are slacking, so hour tracking might be the solution. What are your thoughts and ways of tracking? [link] [comments]  |
| Best free/low-cost e-commerce platforms? Etsy vs Woocommerce vs PrestaShop vs Square vs Weebly Posted: 05 Aug 2020 03:36 PM PDT EDIT: Also considering OpenCart! Forgot that one Hi there. I'm looking to open up a clothing shop online - not exactly sure how many products (5-20+). I've been googling for hours on best websites to host it on and have narrowed it down to these 5. (I know Etsy isn't exactly the same as the others, but I included it in case anyone had an opinion). The shop is based in Canada and I'm looking for the best free or lowest cost website. I don't have any coding or web design experience but I can learn. Also, if anyone knows of any of these that don't have their name affixed to the end of the link (eg. xxxbusiness.weebly.com) pls let me know! I can't seem to find any info about stuff like that on the websites. Any advice is helpful :) [link] [comments]  |
| Posted: 05 Aug 2020 06:39 AM PDT I know that this post reads like an /r/startups circlejerk, but I have a business idea for a real estate website that I've developed over the past several months and believe that there's a good fit in the market for it. I have no technical skills and would like to find a co-founder to help me execute it. I'm willing to give up ~50% equity to the right person, but I cannot offer any money at this point. I do have a clear path to monetization, but that will be several months after the first version of the idea is up-and-running. Where do I turn for talent that would be interested in working on a project like this? I know it's hard because developers are in-demand and are compensated well. [link] [comments]  |
| What did you do after your first startup failed? Posted: 05 Aug 2020 06:16 AM PDT Be honest! As my startup is slowly winding down, I am completely demotivated to do anything. I know I want to start something up again but not for a while. These days I'm just playing COD and putting off any tasks I set for myself. (Been like this for the past few months) However, I don't want to live this sluggish life forever. First, I'm going to create a list of all the mistakes I made so that my past few years didn't go to waste. Then I'm going to apply for some jobs to get a consistent income going. In my spare time I'm going to learn coding, different ways to better myself and pursue things that actually interest me. Hopefully inspiration hits me like a rock and I can build a successful business from the ground up! [link] [comments]  |
| Breakdown of fees charged to content creators on different platforms. Posted: 05 Aug 2020 09:55 AM PDT Can someone share a list of all the content platforms and their respective fees for distribution. ie. Patreon, Substack, OnlyFans, YouTube, etc. If it's in an google sheets doc that would be even better as we can add to it, update it and have it constantly shared with everyone. I can put something together, but likely won't be as good. Stay safe everyone. [link] [comments]  |
| Is there a solution like Clerky, Gust or Stripe Atlas for Benefit Corporations? Posted: 05 Aug 2020 01:32 PM PDT Hi all, I'm in the process of incorporating my startup as a Delaware Public Benefit Corporation but can't afford to pay an attorney for all the post-incorporation paperworks. However, I read in one of the posts here about DIY solutions like Clerky, Gust, and Atlas. When I checked them out, it seems they only work for C-Corporation or LLC. I actually wanted to incorporate as a Benefit Corporation because of what my startup would stand to achieve in future. So, does anyone know alternative solutions for legal services like any of those three? An attorney is charging almost $300/hour, which I can't afford. Moreover, my compensation for my would-be technical co-founders is equity and ownership (still looking for one). I need some help, please. [link] [comments]  |
| Can I save money on a CPA review for a company with virtually no financial history? Posted: 05 Aug 2020 01:01 PM PDT My corporation is four days old. I put in $10k of seed money and have spent about $500 on various bureaucratic overhead costs (incorporation, notarization, etc). I am the only owner, and there are no employees. That's it, the sum total of the financial history of the organization. Now I want to use a crowd investing platform to seek small investments from the public, and one of the requirements is to provide "financials for the two most recent fiscal years" and a "signed CPA review statement". So far I'm finding CPAs who want to charge as much for this as they would charge a multi-million dollar corporation with years of records and complex corporate structure. Are there avenues for meeting this requirement that would be more appropriate for my situation that I might be overlooking? [link] [comments]  |
| Useful for folks anticipating exits - Important to consider effects on your life. Posted: 05 Aug 2020 12:40 PM PDT |
| Proposal pitch: should I include the cons and be fully transparent? Posted: 05 Aug 2020 12:16 PM PDT This isn't exactly a startup, but rather a company-wide entrepreneur pitch competition to improve something in the company. I was a top 3 finalist, and I made sure I followed the rubric to a tee. I included both pros and cons, then discussing how to overcome the cons step-by-step. The other two people didn't mention the cons as much, with one guy in particular having a trainwreck of a presentation (openly taking about sensitive company information in a public event, being confused about the slides, having to pause in the middle, etc). He had a solid idea, but it was somewhat vague and he didn't address any cons. Guess who won first place? That's right, the guy with the trainwreck of a presentation. And I won last (third). I have no problem not winning, but I do have a problem with a person winning with a vague idea. This isn't the first time this has happened to me, either. I've pitched in a different competition while disclosing all pros and cons in a transparent manner, while some other guy comes waltzing in with a vague idea and also won. I know it's hard to pinpoint what could have gone wrong without listening to the pitches (I can go into more detail if necessary), so here's a question for you guys: is it wise to be fully transparent with your pitch? Should I anticipate problems that may come up in the future with this business plan, and then address them in the pitch? Or should I not include them at all, and see if they ask me about it? In other words, is it better to incorporate solutions to possible negative feedback in the pitch, or will that do more harm than good? I know it mostly depends on your audience but I'd be curious to hear what other people think. [link] [comments]  |
| Turning a mobile app into a business? Posted: 05 Aug 2020 03:06 AM PDT Are there any entrepreneurs in here who have turned apps into successful businesses? If so, I have some questions related to growth and revenue: (Pick one or all that you can answer, TIA)
Backstory: Google recently added my current country to the list of countries that merchant accounts can be opened (meaning selling of apps, subscriptions, IAPs etc is now possible...about time Google). I've been reading up on this for a while and would like to run some experiments. Also, I'm an android dev. So I'm not outsourcing development. [link] [comments]  |
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