• Breaking News

    Friday, September 4, 2020

    Startups Fundraising Thursdays - A Forum to Ask About Fundraising, Investors, Accelerators, and Other Sources of Capital

    Startups Fundraising Thursdays - A Forum to Ask About Fundraising, Investors, Accelerators, and Other Sources of Capital


    Fundraising Thursdays - A Forum to Ask About Fundraising, Investors, Accelerators, and Other Sources of Capital

    Posted: 03 Sep 2020 06:05 AM PDT

    Welcome to this week's Fundraising Thursdays Thread.

    Ask about anything related to fundraising, investors, accelerators, grants, and other sources of capital.

    That includes how to find these sources, how to work with them, and how to negotiate with them.

    Don't be shy. The purpose of this is to learn and share ideas and methodologies with one another.

    Any question is a good question!

    If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That's okay! We all knew nothing before we knew something.

    You can also find more support using instant chat on the /r/startups discord.

    submitted by /u/AutoModerator
    [link] [comments]

    Is there a website like SquareSpace or Wix, but for apps?

    Posted: 03 Sep 2020 08:19 AM PDT

    Looking for a reliable easy to use site where I can design my app for someone with zero coding ability/experience. It's all done for you already and you just fill in the required fields. Much like Squarespace or Wix. Does something like this exist?

    Thanks!

    Edit: I have a wireframe, but the UX designer I was working with doesn't really understand what I'm going for so I want to try and create the layout on my own.

    submitted by /u/ragerblade
    [link] [comments]

    Finding out costs per new customer acquired

    Posted: 04 Sep 2020 12:39 AM PDT

    Hi All!

    How would you guys advise to determine the cost per acquisition of new customers?

    Ideally we would want to know how many new customers our marketing initiative (campaign) was able to generate, but what we get is actually cost per transaction and not per new customer.

    Would it be alright to just take the overall marketing spend / new customers this month?

    How do you guys get your monthly costs per acquisitions?

    Thanks in advance!

    submitted by /u/dssblogger
    [link] [comments]

    I Left My Job to Build a B2B Online Marketplace. What to Focus on and What to Delegate?

    Posted: 04 Sep 2020 01:34 AM PDT

    Hi all,

    I need your advice in identifying the most important thing or two of my business to focus all my energy in tackling as I start. There are so many aspects like technical, sales, marketing, accounting, recruitment, legal work, etc.1- What tasks I must do myself, as a founder/owner, and shouldn't depend on others to do them?

    2- What tasks I should hire others to do?

    3- What tasks I can outsource, at least in the first year or two?

    My current plan:
    Year 1: Build the MVP myself initially to test the market, which I think I can do, then get a technical partner onboard in the second half of the year. We would be co-building the product together until product/market fit (hopefully!).

    Year 2: I will be basically doing all other things on my own (e.g. marketing, selling, etc).
    Year 3: Recruit and delegate!
    Year 4: Focus and refine the product.

    Year 5: Growth.

    The main reason for posting this is I don't to spread myself thin and waste my time and energy in the minor stuff.Please enlighten me!
    Thank you!

    submitted by /u/braintalked
    [link] [comments]

    Making sure business partner is correct?

    Posted: 04 Sep 2020 01:10 AM PDT

    Hi,

    A friend who I havent spoken to for ages (think 5 years) has reached out to me saying he has a business idea that could make money and I think he reached out because I was a software engineer at one of the best companies in the world so he must think I have skill. He has approached me and I get the vibe of "I can handle the business side," from him, which is unsettling.

    The problem is, 5 years is a very long time and before he tells me the idea he wants me to sign an NDA. I also have no knowledge of his skillset except I know he was in marketing/business degree-wise.

    I am wondering what I should do? Tech/development and execution is the hard part (and the powerful upperhand) and I am wondering if I should even pursue this further instead of finding ideas of my own and implementing them with other devs? I'd only even consider this idea if it was 50/50 equity/profit/etc but at the same time I don't want to be doing all the work since I think handling the business side is quite a bit easier (have done it before for other projects).

    submitted by /u/SnooComics270
    [link] [comments]

    Can tinder sue bumble for copyright??

    Posted: 03 Sep 2020 10:41 PM PDT

    Now I know this isn't the best place to ask and if you know of a subreddit forum that will be useful then please let me know!!

    Now I ask this because I am interested in starting an app that uses the swipe feature similar to tinder and bumble and don't want to get sued obviously.

    submitted by /u/leedagr8
    [link] [comments]

    Post Covid Era and changing consumer behavioural pattern

    Posted: 03 Sep 2020 10:26 PM PDT

    Hi,

    I want to do a start up. But Covid-19 has severely impacted the world. I wanted an opinion on how different fields/markets will be affected and if any of them can be exploited to develop a product or service in.

    For example how will social distancing impact things like concerts, can this be some sort of emerging market to innovate in?

    Basically how will consumer behavioural pattern change?!

    I appreciate all feedback. Thank you for your time.

    submitted by /u/probablyacyborg16
    [link] [comments]

    Is it okay for your occupation and eventual business to be in different industries?

    Posted: 03 Sep 2020 06:13 PM PDT

    Is it necessary to go into an industry that you are likely to start a business in?

    What happens if you work in sales at a certain company, say a technology company, but along you think of a good idea for a consumer goods company?

    I'm asking this because it seems genuinely discouraged to start a business you don't have domain experience in. However, this seems to be done by various serial entrepreneurs. Is this the exception and not the rule?

    Spin Master Toys was started by two college grads that did not ever work in the toy industry but still seemed to make the company work. It is now a successful global company.

    Would like to get peoples thoughts.

    submitted by /u/RecordingFlashy
    [link] [comments]

    Question about custom printing????

    Posted: 03 Sep 2020 05:30 PM PDT

    Hey all, I'm currently researching custom printing. If I were to make a pattern and want to put it on a product, what would be the first steps in doing so? Also, say I wanted to make my own shirt blank rather than an existing one, are there companies that would make that blank in bulk?

    submitted by /u/yaboifro53
    [link] [comments]

    How important is a technical co-founder?

    Posted: 03 Sep 2020 10:37 AM PDT

    I have an idea for an app/platform and am wondering how important a technical co-founder is.

    There is a strong social component to the app/platform idea and would not be a product that is akin to a Salesforce (or any other enterprise tech for that matter).

    Where are good places to look for a technical co-founder? What are some things/attributes/characteristics that I should be looking for? What should I stay away from?

    Thanks!

    submitted by /u/BigDumbTees
    [link] [comments]

    How to interpret my idea validation data

    Posted: 03 Sep 2020 01:48 PM PDT

    Hey there,

    I had an idea for a software startup and before starting to code, I wanted to know if anyone would use my product. Therefore I created a smokescreen website explaining what the app would do and added a call to action button which would get you signed up. Once you click on the CTA button you will be forwarded to a page saying that the app is currently being built and that you can subscribe to a newsletter to get 3 months of premium for free once the app is out.

    Here are the stats:

    • duration of the ad campaing: 4 days (I know, rather short)
    • unique users: 36 (according to google analytics)
    • clicks on the call to action: 30 = 83.33%
    • newsletter sign ups: only 1 = 2.77%

    I don't exactly know how to interpret this data. 83.33% of users are willing to sign up (which is great), but only 2.77% are willing to subscribe to the newsletter / mailing list. I am not sure which of these 2 metrics is more significant or rather reflects the willingness of users to get the app.

    Every piece of feedback and constructive criticism is very welcome.

    EDIT: fixed numbers

    submitted by /u/Shippeyy
    [link] [comments]

    Developed two products, one during quarantine... have two MVPs and one production ready product, but my partner and I need to hire two people with consumer product experience to take the reigns. Where would you start?

    Posted: 03 Sep 2020 12:26 PM PDT

    tl;dr - Capable and self funded IoT startup, that's a part of a very well funded accelerator, needs help finding someone to fill in the gaps and take the reigns and help launch our product. Looking for a CEO/President/co-founder.

    So just like the title says.

    I'm a serial entrepreneur. I have been involved with about a dozen 'startups' in one way shape or form. I've had two decent exits that helped fund some of the current things in my pipeline.

    The first product that I'm looking for help with, is a consumer product that ages red wine in under 20 minutes... we had to sideline it due to funding; This product is at the launch line and could goto market immediately, everything is done. Have an entire design package (STEP files, GERBER files, mold drawings for manufacturing, quotes for manufacturing, the works). We got into one of the nations largest accelerators because of this product, but since it's the only product they've ever featured, we got little help unfortunately.

    Due to my biz partner getting robbed and shot four times in the back using Offerup and those users being anonymous and Offerup hiding behind two huge law firms... we had an idea for an app. We started (and finished) development of an Instagram 'feel' P2P eCommerce rental platform that lets you list or rent just about anything you can think of. Partnered with two delivery companies, locker systems, ID verification companies, insurance providers, the works. Was raising funds in The Bay when COVID shut everything down, so we are sitting on that until things loosen up (it'll be on the app store in stealth mode next week or two). This app ALSO got into an accelerator (still is). Unfortunately, again, due to COVID, it's on hold.

    While talking to a Partner at a very large and well known VC firm beginning of May, he was discussing a problem he had while on lockdown (a problem not exclusive to lockdown but only exacerbated because of it). He was bitching on the Zoom call about what happened and that if someone could solve the issue, its something A.H. would definitely invest in.

    So we put our thinking caps on and solved it.

    Incorporated end of May, finished our very usable prototype and the backend part that communicates with it (it's an IoT device). I can't get into this one on here quite yet (we have a non-provisional patent filed already and would discuss it privately), but lets just say it addresses quite a few problems in one solution and the randomized/anonymous surveys that we've had done, all point to a sizable TAM (Single Family Home Owners, $100k a year income, one kid under 18, frequently uses IoT devices, Frequently uses delivery providers).

    We got into a third accelerator, this one funded by a very famous Billionaire. We get a TON of support here. They have a TON of resources, but the one thing that isn't growing on trees... are C-level or should I saw, C-capable executives that are hungry, know what they're doing and believe in our products...

    ...which is why I'm here.

    We have a seasoned team supporting both products. Have access to two really popular accelerators. We have engineers, software developers, marketing professionals, Sommeliers, anything we need to be successful... except someone to take control and steer this ship.

    You're in my shoes... where do you start. Obviously we are looking through our accelerators, but Reddit is a lot larger than they are and I actually met my biz partner on here locally about two years ago... so why not?

    submitted by /u/FlatRateForms
    [link] [comments]

    The Does And Don'ts Of Hiring A Business Coach

    Posted: 03 Sep 2020 11:08 AM PDT

    I'm super curious about how Startup Owners feel about Business/Personal Development Coaching. I understand anyone can become a Coach as it's an open market with no formal qualifications needed to help build a business - unlike becoming an Accountant. So I was wondering if there are any here who have worked/working with a Coach.

    Would you recommend a Coach for specific areas? Or is it a waste of money and time?

    TIA

    submitted by /u/lindastmart
    [link] [comments]

    As of 2019, which programming languages/stack should an engineer learn if he wants to be sought after by startups?

    Posted: 03 Sep 2020 02:47 PM PDT

    Which languages and skills should a software engineer have if he wants to become an effective and highly desirable hire for a startup company?

    I'm guessing it would be somesthing full-stack like Node or React, but wanted to get some advice from this sub...

    submitted by /u/lotyei
    [link] [comments]

    How to get event notifications from my SaaS product?

    Posted: 03 Sep 2020 10:24 AM PDT

    As a product owner i would like to recieve notifications on certain events. For example, contact us event, new signup event, new order, etc.. Are you getting all of these custom notifications through email? If so, We need to open email every time to see such notifications.

    submitted by /u/woocom
    [link] [comments]

    Quick Trademark Question

    Posted: 03 Sep 2020 09:31 AM PDT

    I am wanting to Trademark the name of my new business. I already have my articles of incorporation. When I apply for the trademark, do I need to add "LLC" to the name or can I just use the company name? So for example, if my business was named "Test LLC" do I trademark "Test" or "Test LLC"? When I use the name in trade, I will not be including the LLC. Thank you in advance for the help.

    submitted by /u/ReaperCombatives
    [link] [comments]

    What should you expect on your first day of work with a startup?

    Posted: 03 Sep 2020 09:20 AM PDT

    I'm excitedly starting at a startup next Tuesday, and am wondering what I should expect on my first day! It's a fairly small team and while I expect I'll have some forms to sign and passwords to create as with other workplaces, I imagine the first day will look and feel quite different than if it were a corporate job, for example.

    • Would you expect any training, or to get thrown in right away?

    • What would you have to bring into work with you that might differ from a non-startup job?

    Thanks!!

    submitted by /u/billianwillian
    [link] [comments]

    Domain Registrars - Tech Startup

    Posted: 03 Sep 2020 08:58 AM PDT

    I made the mistake of buying our domain from GoDaddy, and the admin access they offer is very limiting and reason enough for us to transfer to another registrar.

    My question is: is there a best registrar for tech startups? i need the ability to have at least 2 admin users on the account once we're in production so my CTO can make the changes he needs to be able to make easily without us sharing passwords or doing GD's one-time admin user bullshit. Thanks guys.

    submitted by /u/chancemayfield
    [link] [comments]

    What to ask in my market research

    Posted: 03 Sep 2020 08:26 AM PDT

    Hi everyone

    This is my first post here and I've been reading threads for a few days now and they have been invaluable.

    My first startup just failed. Luckily, I'm only a few hundred dollars down, and I made so many bad choices that the knowledge gained has been more than worth it. I'm not defeated at all, just more resolved, and feel unstoppable (a bit of a weird thing to say after a failure).

    I've been collecting information from this sub and decided that before I even think about my audience and a product to do some in depth research. I know that sounds like a no-brainer but bear in mind I'm new to this. I'm a dancer creating a dance-based product, so I know my product well but the rest is a learning process.

    I did some research the first time around, and everything looked good so I jumped in to design and create. So many mistakes that I may go into in a different thread, but the bottom line was nobody (well, except for 12 people) was willing to pay for the product. So back to the drawing board.

    Someone on another thread said that one of the most valuable things you can do is to talk in depth to even just one person. My question is, how to structure this conversation. I guess it's best to keep it as open-ended as possible, but how about asking them beforehand to consider certain questions so they come into the conversation having given it some thought?

    Any advice or insight into this would be very helpful. I don't want to waste the opportunity. I'm planning to talk to around 10 people in depth in order to decide what product to develop (within my area).

    Thanks in advance,

    C. Ravioli

    submitted by /u/countessravioli165
    [link] [comments]

    How to set up group email, for whole team

    Posted: 03 Sep 2020 07:46 AM PDT

    Hey I know this seems super elementary but many startups I've worked with have a team@ or all@ email address where you can email the whole team.

    I want to set that up and am trying to find instructions, or even what to call that, it's not an alias, it's not email spoofing (duh)...but what is that and how do you do it?

    I am doing a corporate wellness program at my company with remote team wellness and I would like to set up wellness@ for my team so the company can email all staff with wellness recommendations etc

    thanks so much in advance

    submitted by /u/AndrewStartups
    [link] [comments]

    No comments:

    Post a Comment