Startups Share your startup - September 2020 |
- Share your startup - September 2020
- Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started
- Best way to get a start-up lawyer on board in the UK?
- Funding
- Virtual Startup Conferences - Investor Opinions
- Share your experience with having a software licensing contract written?
- How do you psychologically deal with competition?
- Picking the right bank
- The essentials of a B2C startups that we often forget
- Does licensing your product under AGPL prevent you from success?
- Advice on payment getaways for 2 sided marketplaces
- What is the etiquette in this specific situation? Do I inform them that they didn't get the role or just move on?
- How to implement an effective referral/loyalty program?
- First day of startup, what to incorporate as?
- Female and Male Co-Founders Who Have Not Met Before...Will This Partnership Work?
- Looking for someone with experience growing startups
- starting personal training studio
- Advice Needed: Charge users now or engage more users for free?
- How do I generate business when my intellectual property can be easily stolen
- Tracking progress and setting targets
- If I start a company in the US, what is the minimal legal salary that I need to pay-out to myself as a director?
| Share your startup - September 2020 Posted: 01 Sep 2020 04:07 AM PDT Tell us about your startup! /r/startups wants to hear what you're working on! Contest mode is on, so remember to select 'Show All' to see all the replies. If you don't see your post, you probably need to load more comments at the bottom. Also, all posts are sorted randomly, so the sort function doesn't seem to work.
[link] [comments]  |
| Posted: 01 Sep 2020 06:07 AM PDT Welcome to this week's Operational Roundtable Thread. Ask about anything related to legal, accounting, project management, or how to get started. 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. [link] [comments]  |
| Best way to get a start-up lawyer on board in the UK? Posted: 01 Sep 2020 11:03 PM PDT If starting up a tech business what's the best way to get these personnel on board? As for example how do i get a lawyer help me write a NDA? I want to show my product concept to companies and now want legal support to ensure companies sign nda agreements? Whats the best steps to find a lawyer or whats the usual arrangement in the UK? Especially for a start-up. [link] [comments]  |
| Posted: 02 Sep 2020 02:08 AM PDT Dear community, Has anyone tried platforms like GoFundMe or Leetchi (I'm not sure this one is used outside of France - I am based in France) to gather pre-seed funds for their startup? One of my major funding sources is pulling out because of COVID-19 related issues, so I'm looking for alternative sources to get my MVP out. Any advice would be greatly appreciated. Thanks! [link] [comments]  |
| Virtual Startup Conferences - Investor Opinions Posted: 01 Sep 2020 08:40 PM PDT Wondering which way the winds are blowing on the value of virtual startup conference scene for investors. "Attended" Collision this year which was considerably less valuable than last year (there was no real mechanism for decision-makers, VCs, and other investors to discover startups). They did have a great 3-minute lightning introduction setup that I quite enjoyed. I know Collision was the first to try to figure out the conference post the start of CoVid but really struggled to find value. Did any investors actually sign up? Did the virtual nature actually make it easier to attend? Suspect one of the challenges is that in the traditional booth experience, you can walk by a display, have a short conversation, and then politely extricate yourself from the conversation with a "I've got to meet someone". Virtually - you are a bit more trapped. I've signed up and paid my pricey fee (plus the CDN to USD conversion) for Techcrunch's Disrupt and it is already feeling a bit like I might have made the same mistake. See they are trying to run a Startup Alley replica (full points for trying). So far, not seeing many fintech startups and a search for decision makers in the space is not showing any obvious worthwhile connection opportunities. For the Investors, VCs, and Angels in this forum - is anyone bothering with the virtual conference format for discovering new startups? Money better spent elsewhere? And lastly - for anyone organizing a virtual conference... please don't sort your paying startups alphabetically. Does a disservice to anyone with a startup starting with a "w", for example. No one is going "show more" seventeen times to get to the startups down the alphabet stack.... let's shoot for some randomness to level the playing/pitching field. [link] [comments]  |
| Share your experience with having a software licensing contract written? Posted: 01 Sep 2020 08:01 PM PDT We're looking at licensing our software engine to a partner that could have some significant success in their niche, but it also has a lot of other applications in different industries. To date, we've used off the shelf contracts and had no problems, but it's probably time to go get a fancy one. Share your experiences? Pitfalls? Anonymized/hypothetical litigation? [link] [comments]  |
| How do you psychologically deal with competition? Posted: 01 Sep 2020 02:29 PM PDT So, I've had quite a few ideas for startup companies based around a software product, unfortunately, I didn't realize most of them, but that's not the point of this post. My question is, every time I think of something "revolutionary" that I think there is NO WAY to exist, after 5 minutes of googling I will find 5 companies with 7+ figure incomes and I am in a state of shock. After so many times of the same experience, I figured that there is almost no way to think of something that doesn't exist yet, so I need to figure out a way to work along the competition. The problem is, I am psychologically destroyed after I learn that there is a competition that is making millions of dollars of my "revolutionarry" idea, I see no point in starting the project. On the other hand, I am encouraged, because it's like someone validated my idea and there is for sure success in it, but there are a lot of thoughts in my head, like why would an investor invest in me when there are 5 other companies there doing the same thing. I can innovate in small things, sure, but that can't be enough, or can be? [link] [comments]  |
| Posted: 01 Sep 2020 07:57 AM PDT So I just incorporated with an "all inclusive" incorporation platform, and they have tools to set you up with a handful of pre-selected banks. All are supposed to cater to startups. Has anyone worked with any of these guys before? What makes a bank a "bank for startups"? [link] [comments]  |
| The essentials of a B2C startups that we often forget Posted: 01 Sep 2020 04:28 AM PDT I am founder of a B2C startup which helps people to make card sized websites wthout the time, content and expense of building a big website. Our startup have a sluggish growth. I am working on it for last 1 year and the I learned following lessons
--EDIT -- 6) If you are a B2C startup you product should have the ability to plug into things common people naturally love eg:- Celebrities, News,Food ,etc. People will only take attention of your product if you are able to place it within the context of things they really care about. They also need constant reminding that our product exist. I don't think twitter will be popular if they fail to plug into the news media. [link] [comments]  |
| Does licensing your product under AGPL prevent you from success? Posted: 01 Sep 2020 05:25 AM PDT Sole bootstrapping founder here, my product is a complex enterprise-ish software. I OSSed big part of it under AGPL, but sometimes I get feedback that the AGPL is "toxic" and prevents the product from increased adoption. Last time this feedback came from a potentially interested VC/Angel. I have seen projects grow and fail because they did not have any clear monetization strategy in place. So my AGPL was primarily meant as an insurance to at least secure some potential stream of revenue while not giving keys to the kingdom away for free - and also to ensure that somebody with big team and big founding wouldn't take my work and run with it. Am I wrong? Is AGPL really too toxic? Is it a better alternative to (say) MIT the core functionality and close source some of the extra functionality? Interested to hear especially from founders who struggled with this. How did you decide in the end? Why? How did it turn out? [link] [comments]  |
| Advice on payment getaways for 2 sided marketplaces Posted: 01 Sep 2020 07:57 AM PDT Hi, Me and my team have been developing a 2 sided platform for the last year. We are fully into developing a prototype right now. With a deadline at the end of October so we can start applying to incubators and seed investment pools. Essentially we are building a platform for meaningful interaction and exchange. I have been researching payment getaways that allow split payments and delayed payments. The perfect partner would be Adyen but they are only interested in partnering when there is revenue of 20k/month passing through. We are far from launching so do not fit this requirement yet. The 2 other solutions are Stripe & Paypal Stripe: The down side on Stripe is that they are insanely high priced. On the platform we are creating every user is essentially an active user according to Stripe which goes hand in hand with a 2$ charge per month. We are expecting most transactions being pretty low. So this is an enormous cost if we take 10% of every transaction. Paypal: Im looking for advice on what is the best way to go until we meet Adyen's requirements. Paypal might turn people away from the platform. Stripe is crazy expensive but it is really easy for people on the platform to pay with their preferred payment method. Thanks in advance [link] [comments]  |
| Posted: 01 Sep 2020 01:41 PM PDT I was in the process of interviewing interns for my startup and had interviewed 3 already. Something unfortunate happened and my co-founder had to leave the company leaving the existence of the company on the line. I let the 3 interviewees know immediately that the position is on hold indefinitely because of what happened until I could find a new co-founder and that I would contact them again if or when we are able to resume production. And they understood and wished me the best. That was about a month ago and I was able to keep the company from sinking. Now that I am resuming the search for an intern, do I contact 2 of them to say they didn't get the role? Normally, I would reach out to them and let them know since we met to have an interview, but it's been 4 weeks and I feel like it might also be rude to say, " we're okay but we're moving on without you." I'd like to do what I can to retain a connection for the possibility of a future internships if possible, while also considering their feelings. What do you recommend? Thanks. [link] [comments]  |
| How to implement an effective referral/loyalty program? Posted: 01 Sep 2020 06:08 AM PDT How do I successfully implement a happy balance in a referral program where customer A gets paid $X and customer B gets paid $X? Or a loyalty program that incentives my customers for repeat business? My business heavily relies on repeat customers in order to scale and our price for our service costs hundreds or even thousands in some cases. I'm trying to find the right balance so that referral program doesn't eat too heavily into my margins but it's tricky to implement effectively. [link] [comments]  |
| First day of startup, what to incorporate as? Posted: 01 Sep 2020 06:58 AM PDT Hey, My dad has a product he invented while at work at his current job. They decided to not use it and said he can move forward with it alone (he will most likely be furloughed soon anyway). He is filing for a provisional patent today. He has some conference calls with interested parties later and may need to sign NDAs in which he may need a company form. What's the best way he should form the company, LLC or S-Corp or something else? He had a company 10yrs ago that was an Scorp so he is leaning that bc he's done it before. He may have some family friend investors down the road. I've done research and still can't figure out his best option [link] [comments]  |
| Female and Male Co-Founders Who Have Not Met Before...Will This Partnership Work? Posted: 01 Sep 2020 11:22 AM PDT Hi all, I've been searching for a local technical co-founder to start my b2b online business with for about a year now. Yesterday, I stumbled upon a tweet from this local lady saying that she is looking to join a technology startup as a technical co-founder and she is passionate about technology startups. I clicked on her bio link and I was impressed by her resume even though she graduated from college with a high gpa CS degree only a couple of years ago. She seems like a good fit from a technical standpoint. I wan to set up this business ASAP and don't want to blow this partnership opportunity up with over thinking. However, I want to be thoughtful about how to get it working successfully from the get go. So, I am here seeking your advice. I have a couple of points that I especially need your feedback on: 1- I am planning on offering her 40% equity and we both will earn our equity on a 5-year vesting schedule with one year cliff. Any feedback on this strategy? 2- She lives 400km away and she said will initially work part time. So, we will work together mostly remotely but we can meet if we really had to. Could that cause a problem in the future? 3- How likely would a business partnership be affected by having opposite gender business co-founders (two co-founders in our case) who never knew each other before? I'd really appreciate it if you mentioned whether you've partnered with a technical co-founder before along with a thorough feedback on the above concerns and any other considerations in general :-) Many thanks all! BT [link] [comments]  |
| Looking for someone with experience growing startups Posted: 01 Sep 2020 07:25 AM PDT some other cofounders and I are currently working on a startup, however, we are all relatively new to the process and wanted to bring in someone experienced to help us make sure we are doing everything correctly. Does anyone know where we can find someone like this who is willing to take some equity in exchange for consulting? Thanks [link] [comments]  |
| starting personal training studio Posted: 01 Sep 2020 04:21 AM PDT starting personal training studio Starting a personal training studio Hi, I'm 22 Y/O and thinking of starting a small personal training studio. The idea is a flexible pay as you go exclusive space for freelance/self-employed fitness professionals to train their clients. Bookable by the hour as and when you want. With no fixed gym contract/ commitment or rent. The idea came to me during the lockdown period- I bought some equipment for my garage ( power rack, adjustable dumbbells, adjustable bench and olympic bar and plates) and all of my friends really enjoyed working out there opposed to the gym which was obviously closed at the time. I myself have no personal training experience but have a few friends who are PT's and said they'd be interested in trying out the idea. I've done some research and have found a gym that offers this nearby, charging £15 an hour slots to personal trainers, via an online booking system. I'm just looking for some advice and open to peoples opinions on whether this could work or if they have any advice? I have £20,000 saved up to spend on equipment and rent etc. Thanks for reading! [link] [comments]  |
| Advice Needed: Charge users now or engage more users for free? Posted: 01 Sep 2020 10:06 AM PDT Hi everyone! My startup basically hosts virtual events to help ppl meet others. This is our current dilemma- we have been hosting tons of these virtual events for free to keep our users engaged and using the platform. We have also done a test to prove that people are willing to pay by hosting a week's worth of paid events and generated over $1300 in revenue. We are now conflicted about when to start charging for all of the events. On one hand, we like having them free so that as many users as possible sign up and we can engage them, but we also need to move towards monetization. Does anyone have any advice about how we should go about doing this? Hosting more free events or charged ones? Any advice would be appreciated thanks!! :) [link] [comments]  |
| How do I generate business when my intellectual property can be easily stolen Posted: 01 Sep 2020 07:54 AM PDT I have compiled a PDF "Study Guide" for students in High School that is specifically catered for certain subjects. Overall it has been selling nicely and I want to offer past customers a partial cash back on their purchase if they refer a friend and their friend purchases a copy. They get some cash back and I get more customers...win win right? However the problem I keep running into is my Study Guide is easy to pirate so there is no incentive to purchase a second copy when they can just copy the document and share it. Do you guys have any advice on how to deal with this problem or any ideas on how I can utilise past customers to foster future business? Thanks! [link] [comments]  |
| Tracking progress and setting targets Posted: 01 Sep 2020 03:57 AM PDT Hi everyone, I'm currently working on a project and I'm finding it quite difficult to keep track of progress and work efficiently. Working full time and doing this on the side is challenging and it's hard to motivate myself / keep myself accountable from time to time. Anyone else in the same boat? Just wondering if anyone has any advice on how to deal with this. I would be really interested to learn how all of you startup founders record your progress - do you work towards milestones, goals and targets on a daily / weekly / monthly basis, or do you use some specific methods? I would also be curious to know if you share any targets you may have with other founders, too. Thanks! Wishing you all a productive week. [link] [comments]  |
| Posted: 01 Sep 2020 03:20 AM PDT If I start a company in the US, what is the minimal legal salary that I need to pay-out to myself as a director? I might be start a company in the US and I would like to find out what is minimal legal salary that I need to pay-out to myself as a director of company?
Can you tell me the situation in the US? [link] [comments]  |
| You are subscribed to email updates from Startups - Rapid Growth and Innovation is in Our Very Nature!. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment