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    Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products

    Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products


    Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products

    Posted: 25 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.

    submitted by /u/AutoModerator
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    In the 1990s, internet usage experienced rapid growth in its usage. What areas today are experiencing similarly fast growth?

    Posted: 25 Sep 2020 05:00 AM PDT

    Obviously the internet was the new big thing of the 90s. Are there any areas which are currently growing massively in the number of people using it? Off the top of my head I can't think of any, but I'm interested to hear about any domains whose usage is rapidly increasing.

    submitted by /u/Alex8167
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    Would this be a good way to build reputation for some software?

    Posted: 25 Sep 2020 06:19 PM PDT

    So I built a few different software programs one grows your followers on a social site (not the one you're thinking).

    The other basically spams 1300 popular groups on a social site (not the one your thinking).

    Using the 2 have gained me personally a good amount of daily web traffic but I'm unsure if they will work for anyone else because my site isn't the same as everyone else.

    It might work for me but not for anyone else.

    So I was thinking about starting a sub Reddit and the only people who can post are ones that actually used the software regardless of it working or not, good or bad reviews I don't care.

    I want people to know it might not work for them due to what their site is about, product/blog/ect..

    There's no telling what will or won't work as I'm only testing it with one site atm.

    So should I offer the software for free to a few people and give them one free day using it? Build up some reviews and then start marketing it?

    Does this sound like good idea or is there a reason I shouldn't?

    submitted by /u/calemedia
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    Are convertible notes safe?

    Posted: 26 Sep 2020 01:24 AM PDT

    I got an offer to invest in a convertible note that is also supported by the UK government, whatever I invest is matched by the UK government. They are promising 8% pa for 3 years (not compounding) and a redemption premium (e.g. extra $50,000 on maturity if I invest $50,000).

    I'm new to this and there is legal documentation and the like. Is this safe, and what happens if the company goes bankrupt, I wouldn't see a cent would I?

    There are cash flow and revenue records and it all seems good from that end.

    submitted by /u/CIassik
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    How do I officially sell shares of my c-corp to an investor?

    Posted: 25 Sep 2020 04:27 AM PDT

    I'm looking to get funding from family and friends right now. If anyone decides they want to invest, how do I officially give them their shares? It's a C-Corp, so I'm assuming there's a form I have to file?

    If there is a form, will this be the same form I use if I get an investment from an Angel or a VC down the road that is significantly larger than the investment made by family and friends?

    submitted by /u/darkshadowtrail
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    Before You Validate Your Solution...Validate Your Problem

    Posted: 25 Sep 2020 05:35 AM PDT

    Founders often make the mistake of discussing their solution first, rather than clearly identifying the problem. Validation can take many forms and I want to highlight 3 of the most common:

    • Market Research: Critical and by far the least impactful. Market research is a need to know, but investors won't be overly impressed that you have an understanding of the market you operate in. Comes with the territory!
    • Digital Marketing: Cheap & easy. Full-scale marketing can cost thousands, but running a few $5/day ads directed to your landing page and monitoring is cheap. Think through the suite of options including: Social Media, SEO, PPC, blogs, podcasts, email marketing, influencers, and content marketing.
    • Customer Interviews: Peak validation and completely free. Hard for even the most seasoned investor to argue a problem doesn't exist if you show them +100 confirmatory interviews, surveys, etc. Not every customer engagement is going to be validating, but this isn't about a singular customer. It's about a thorough understanding of each customer's problem/context in order to best extract commonalities in order to serve the needs of the "cumulative customer."
    submitted by /u/ArgentAaron
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    What do I need to look into and have in place for my payout website?

    Posted: 25 Sep 2020 04:39 AM PDT

    I'm currently building a website where my users will receive payouts once a month. What do I need to look into and have in place for this in terms of legality and practical systems and any advice on technical systems I can utilise or anything of that nature would be greatly appreciated. I know I'm being vague, so shoot me any questions, thanks :)

    Currently UK based but plans to go global.

    submitted by /u/scottpiIgrim
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    Magazine aggregator business model

    Posted: 25 Sep 2020 04:35 AM PDT

    I'm researching all-you-can-read services that offer access to hundreds of magazines for one price (usually $10-$20 per month). One growing startup in this space is a Swedish company that just went public a couple of weeks ago. They partner with publishers but I can't figure out how they make money with this business model. What's in it for the publisher if their content is offered for free on the aggregator app? Why would a publisher agree to do this? If the aggregator is charging only $20 per month, that isn't nearly enough to give a reasonable cut to every publisher. How does this business model work?

    submitted by /u/baubino
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    Can I file a digital copyright registration before incorporating my startup?

    Posted: 25 Sep 2020 06:12 PM PDT

    I've been working on a project for the past 2ish years and am about to publish our landing page in order to gauge consumer interest. Is it possible to file a copyright registration for the site, just in case someone finds our site and copies our service, business model, and our marketing like almost verbatim, before actually incorporating the company? And I know some of you might suggest that I shouldn't worry about this yet, but this is an idea that has come a long long way, and it would really suck to have it copied by someone with more resources available and a faster time to market. Any and all ideas are appreciated ^__^

    submitted by /u/spfylix
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    Equity clawback?

    Posted: 25 Sep 2020 01:31 PM PDT

    Question: Founder clawed back my vested early exercised options in a weird way. Is it legal?

    More background: Joined a startup, early exercised all my granted options and filed an 83(b).

    Half of the team, Including myself, got laid off for various reasons that ultimately were due to mismanagement. At that point I had vested a quarter of my early exercised shares. My understanding is the founder is allowed to buy back the early-exercised shares that are unvested, but the vested shares are still mine. What he did instead though, which is sketchy, was wire back money for all the shares without my consent, and ordered me to re-buy my already purchased shares. I had already been issued a certificate of ownership of my vested shares when he did this. I didn't respond to the request, and what it looks like he did was, claimed that I forfeited my vested options by not re-buying what I already owned. What is this fuckery?

    submitted by /u/Neufboeuf
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    Database Technology Preferred for Startups

    Posted: 25 Sep 2020 01:06 PM PDT

    Hey.. I have a question about DB Choice and Startups.

    I am a stealth founder building my SaaS product from scratch. My application is based on or needs a Document Database. My product will have a heavy cloud egress cost (think a media heavy product - videos etc). How do I decide on the DB technology based on the following factors.

    1. Ease/Speed of development
    2. Cost (Short Term, Medium Term, Long Term (not so important at this stage))
    3. Technical Debt
    4. LockIn into a Cloud Platform

    I have to choose between the following Managed Document DBs (accessed via REST api's)

    1. MongoDB Atlas - Charged by Storage used (mostly)
    2. Firestore (Google) - Charged by per transactions + storage
    3. Autonomous JSON Database (ORACLE) - Charged by core/hr + storage used
    4. CosmoDB (Azure) - Charged by per transactions + storage
    5. DynamoDB (AWS) - Charged by per transactions + storage

    Looking at the overall cloud costs, I am leaning towards ORACLE as my n/w egress costs are a fraction of what they would be on other clouds (big reason why Zoom is migrating some of their covid related expansions there). Plus their free tier would more than suffice my DB needs for the next 2-3 years at least.

    So.. the big question:

    Why NOT Oracle (from a startup perspective)? (I know their licences and support horror stories. Though, the cloud pricing model effectively stops these practices in its tracks. I have used OCI along with AWS and Azure at my previous company (large B2B org), we were skeptical at first but it has proven itself time and again.)

    Which DB/IaaS provider then?

    My frontend is an Angular based SPA that connects to an express backend that calls the REST api's of the DB. I will just put my angular app on object storage and front ended by a CDN.

    Happy to answer any follow up questions for a more clearer picture.

    submitted by /u/hrn2206
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    Need help on setting up a Talent Agency

    Posted: 25 Sep 2020 11:18 AM PDT

    I am setting up a talent agency which is mostly going to be catering towards entertainment (not to be confused with adult entertainment). Our role is going to be the "middle guy" as we help connect people with different talents with companies in need

    I live in Oklahoma and called around the government departments but wasn't able to get all the information i needed. Even some of the online guidance articles i tried to use have links that are no longer valid on the ok.gov site.

    I know how to setup an LLC and what all that requires but my bigger question is do we need to file for insurance even if we are only helping people connect with companies and do we need to file for a license?

    On the other hand and this is not that big of a deal but if anyone is an expert here - is there a state that we should file in other than Oklahoma because they have easier requirements or incentives at the moment?

    Thank You for taking the time to help me out

    submitted by /u/Karanpal13
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    Shortest learning curve for creating an app, that will still be serious?

    Posted: 25 Sep 2020 04:50 AM PDT

    Im leaning towards XD, since I have prior experience with the Adobe CC, but are there any others? Figma fx? Its not a super complicated app, just a time tracking app basically, but I want to be able to show something to potential VCs and clients, that looks polished and works well on a phone. I will eventually get a proper programmer with experience but right now im flat broke, so I need to make something myself. I have about 12 months to completely dedicate to this endeavour.

    submitted by /u/Timoat
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    UK Startups: is anybody aware of any schemes that assist in the funding of paid internships?

    Posted: 25 Sep 2020 06:50 AM PDT

    As the title suggests, I'd really like to bring on an intern to help us here and I'm wondering whether there are any schemes in place that will help us fund this position?

    Your advice is valued and apologies in advance if this has been covered already!

    submitted by /u/fekaiki
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    Incubator Conflict of Interest Policy - Help!

    Posted: 25 Sep 2020 07:31 AM PDT

    Hey Everyone,

    I'm trying to help out an incubator/accelerator based in the Southeast and they are having trouble finding examples of conflict of interest policies used by other incubators/accelerators. Specifically, I am looking for the conflict of interest policy that a board member would adhere to (and possibly sign an annual certification for).

    If anyone has an example they would be willing to share, that would be very helpful! So far, all I have been able to find are generic non-profit conflict of interest policies but nothing specific to accelerators/incubators. Ideally, I'd love to see examples from some of the top firms like Y Combinator, Techstars, 500 Startups, etc... But so far my review of their websites has come up dry.

    Thanks for your help!

    submitted by /u/jmanNOLA
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    Looking for Open-Source email newsletter options for my blog

    Posted: 25 Sep 2020 05:49 AM PDT

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