Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products |
- Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products
- How to do proper market research
- The verbal clue your business is stuck, and how to get unstuck
- Stuck, how would unemployment affect funding prospects? i.e grants/VC etc
- Curious about correct strategy for solopreneurs
- Can i prop up my SAAS apps revenue by mixing in managed services as an offering
- Does "word of mouth" marketing work in app market?
- Should I hire this guy as designer #1? (Great skills, okay attitude)
- Experience working with RFP/RFS contracts?
- How do you validate (in terms of money) your startup idea? At what phase you calculate? Before MVP?
- Protection against recruitment agencies
| Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products Posted: 04 Sep 2020 06:07 AM PDT Welcome to this week's Feedback Thread. This is the place to request feedback on your ideas and products. Be sure to give feedback if you are requesting feedback. Equivalent exchange goes a long way towards reaching your own goals and it makes for a stronger community. Please use the following format:URL: Purpose of Startup: Technologies Used: Feedback Requested: Additional Comments: Post your site along with your stack and technologies used and receive feedback from the community. Please refrain from just posting a link and instead give us a bit of a background about your creation. Feel free to request general feedback or specific feedback in a certain area like user experience, usability, design, or code review. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| How to do proper market research Posted: 04 Sep 2020 12:58 PM PDT I am working on an idea together with my husband and we want to figure out if there is a market or if there is a specific need for our idea. We came to that idea because we are looking for that kind of a solution (so we also want to help us with that idea). But how can we find out if there is a need? Just googling the keywords and find out if there is already an app? Just find one or two statistics? Is there a more professional way of market research? [link] [comments]  |
| The verbal clue your business is stuck, and how to get unstuck Posted: 04 Sep 2020 03:00 AM PDT People who are stuck in a particular area of their lives tend to talk about that area in a particular pattern: Have => Do => Be. For example: First I need to have a lot of money, so that then I can spend more time painting, and finally become an artist. I've used this pattern in my own life plenty of times, each time reliably staying stuck in neutral despite my grand visions. First I need to hit this quarterly revenue number, then I can focus on building a customer centric business and finally doing some good for the industry. First I need to close this financing, then I can focus on making our employees happy and being the kind of leader I know I can be. This logical process is natural. It is also toxic, in that it places an impossibility (having something you don't) as a condition for progress, thereby justifying indefinite procrastination. Life, and business, at its most dynamic and most successful, works the exact opposite: Be => Do => Have. First I will recognize that I am an artist. Right now, this moment. Then as an artist I will paint. Right now. And then, eventually, I'll become successful and make a lot of money. First I will be the best kind of leader I can be. From that place I will make the decisions that are in keeping with my best form of leadership, and the quarterly revenue numbers and closed financing rounds will follow. "Often people attempt to live their lives backwards: they try to have more things, or more money, in order to do more of what they want so that they will be happier. The way it actually works is the reverse. You must first be who you really are, then, do what you need to do, in order to have what you want." — MARGARET YOUNG If you find yourself stuck in an area of your life, or your business stalled on an important project, look for the way you talk about progress. Simply focusing your efforts on what you can control—who you are and what you do—is the fastest way to get unstuck. And if you find yourself running a startup to make a lot of money, so that someday, eventually, you can focus on using business to help people and be the human that the world needs you to be (not that I know anything about that), well, it works there, too. [link] [comments]  |
| Stuck, how would unemployment affect funding prospects? i.e grants/VC etc Posted: 04 Sep 2020 06:38 PM PDT Hello, I quit my job right when covid hit to focus on a startup. We received a small amount of funding, with an agreement to give myself a base salary. Here is the kicker, i never paid myself, if i did, the backpay would wipe the account clean. Things have ben going slower than expected and im trying to extend it. I qualify for unemployment but never followed through with it because I want to try and get more funding from investors as well as government grants. But i am worried that taking unemployment may cause issues down the line. Any suggestions or experiences with this stuff? Thanks [link] [comments]  |
| Curious about correct strategy for solopreneurs Posted: 04 Sep 2020 01:15 PM PDT Alright so I'm building something that I can build all alone on my own. I don't really need much help from others in the beginning pre-seed stage. Later, if I need to pivot or add more functionality post seed funding & good market reaction, then I will engage people who can do stuff better way than me or do things I can't do at all. But that's about optimization. How hard it is then for a solopreneur to get the funding? Because most of the angels & vcs have a huge preference for those who have teams & I completely understand why. But I'm just curious if my approach of building my own working MVP, launching it to get traction & then getting funding is a good idea or there can be a few hurdles along the way. [link] [comments]  |
| Can i prop up my SAAS apps revenue by mixing in managed services as an offering Posted: 04 Sep 2020 04:31 PM PDT So i run an agency, and we're looking to get into SAAS. The product would offer automated solutions for a monthly fee, and connect a user to managed services should they require anything beyond a certain threshold So a SAAS apps evaluation is based off its ARR/MRR. Can i factor in the revenue generated from the managed services as revenue? Can i only factor it if it was a lead from the SAAS product, or can i marry the agency to the SAAS and consider it one revenue pool for evaluation [link] [comments]  |
| Does "word of mouth" marketing work in app market? Posted: 04 Sep 2020 12:39 PM PDT We've developed an app and currently relying on word-of-mouth approach. Does anyone have an experience with this way of marketing? Our app is something that people would continue to use for a long time to manage their videos. Because of that, we believe a slow-pacing launch is better to stabilize our system than having a big launch-day campaign. Would this be the right choice? tl;dr. Have you ever seen a successful app that did not do a big marketing? [link] [comments]  |
| Should I hire this guy as designer #1? (Great skills, okay attitude) Posted: 04 Sep 2020 04:48 PM PDT I just raised a seed round for my startup, and have been looking for my first designer. I legit think of it as the single most important decision I'll make in this company's first 24 months — this person is gonna have such an impact on the product. I've spoken with 50+ people and done ~20 portfolio reviews with a friend designer who's helping me run them. We ran one with this guy. His work was amazing — great process, great UI. Stellar prototypes and interactions that he coded himself. He also seems to have high maturity as a potential manager. My friend's verdict was "fuck yes." Mine was "no," because I got weird signals about this guy's attitude. For example, at some point I shared a screenshot of the homepage of his current company, which isn't great. He said "thank God marketing isn't my responsibility." That seems like the wrong attitude to have as a designer of a company that's only 40 people (and much smaller when he joined). At another point, I asked a question about a terrible button in his product — no label, and apparently you had to long press for it to work, with no indicator of that. He said that he agreed it was terrible, but the engineers made it this way because of tech debt or something. Again, not an owner's mentality. I also noticed he hardly ever smiled during our 2.5hrs of conversations. Seems to take himself super seriously. Am I putting the bar too high? Should I move to the next round of interviews with this guy, or just pass on him now? [link] [comments]  |
| Experience working with RFP/RFS contracts? Posted: 04 Sep 2020 03:04 PM PDT Does anyone have experience working with companies (especially government or not-for-profit orgs) under a RFP/RFS/RFI contracts? I'm sure these contracts are coming up a lot more with COVID-19. I'm curious about your experiences with these kinds of relationships, for example:
I've found, working with orgs that do this kind of procurement, that it's a mess internally, things rarely get done, and the work that does get done goes to waste but I would love to hear the perspective of the other side. [link] [comments]  |
| How do you validate (in terms of money) your startup idea? At what phase you calculate? Before MVP? Posted: 04 Sep 2020 07:35 AM PDT There maybe many changes to the end product or to an MVP from your original Idea as you give more leverage to the idea. Then how do you validate the idea/ startup? I know that it is difficult to predict the exact amount or the success rate. Still, we need to calculate the value of idea/startup. But, How and at what stage of your Startup you do a calculation? Can someone share the experience ? Any previous posts? How do Investors see valuation in a startup, especially they take a risk of pumping their real money to an idea? [link] [comments]  |
| Protection against recruitment agencies Posted: 04 Sep 2020 08:14 AM PDT I've come across many discussions regarding trust issues in dealing with recruitment agencies. Basically, they offer a three month protection where if an employee that they help to join your organization leaves within three months, they help you find another person without additional agency fees. However, I've come to know that immediately after three months have passed, they start sharing the same person's resume to other companies with a promise of a hike in the salary to the same new employee who just joined you. The agency gets another commission, the employee gets a hike, win-win for both. The company on the other hand spends 12 month worth of agent fee for nothing. Does anyone have similar experience or ideas on how to protect ourselves from such a situation? [link] [comments]  |
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