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    Saturday, October 10, 2020

    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: 09 Oct 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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    What magazines do you regularly read that provide both solid business tips and good stories about startup/ business life?

    Posted: 09 Oct 2020 07:14 PM PDT

    I have been working in corporate America for two decades and have been reading Harvard Business Review for probably 10 years. I used to read Entrepreneur but found it a bit too focused on "brick and mortar". The last two years, I have also been reading MIT Sloan Mgmt Review for their bigger focus on tech, but, as with HBR, is still quite Wallstreet focused.

    As I am building my own healthcare tech company, I am looking for some inspiration and tips that are catered to our side of the economy. What are you reading?

    submitted by /u/DoctorDumay
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    The idea is bigger than me

    Posted: 09 Oct 2020 09:55 AM PDT

    This idea is starting to feel like it's beyond my capability (to do on my own). Maybe you've been here before.

    I'm a software engineer. I dream of using my skill to generate independence and passive income. I've dabbled in a hundred ideas over the past 10 years. They've all been niche products that I couldn't get to market.

    This year, enter idea XY. It solves a problem for me, so I thought it should exist. It's a novel way of X; one of those "it's like X for Y" things. I built a proof of concept and I use it every day. It's been a game changer for me, I think it would be for others, too. It's a crowded product space, but nobody's hit the mark the way I think I have. I see innovation in this space and I'm worried someone else will think of XY before I get to market. I never needed XY to be mass market, but the more I work on it and use it, the bigger it feels.

    My original plan was to build XY for myself, then invite some close friends and family to test it, and validate my idea that way. Then I realized I needed a core component that would take me too long to learn and write myself, so I am in the middle of working with a freelancer for that. Then what about platforms A and B? What about marketing, copyright, trademark, privacy compliance? What if I get to market too late, or when I get there, I'm not ready to scale and a bigger fish swats me out of existence?

    I suppose I'm not sure how to proceed. I can invest some more money in freelancers to do the work, or I can chug along on my own and hope time is on my side. You are startup people, you can sense exactly where my head is at. Advice would be very appreciated!

    submitted by /u/waitingonmyclone
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    Quick Tips

    Posted: 10 Oct 2020 12:53 AM PDT

    Hi!

    Anyone want quick tips on digital marketing for businesses? Check my instagram account www.instagram.com/bernadinecapua.va

    I hope the tips I'm gonna be posting will give you new insights and will help you grow your business. I would also appreciate feedbacks since I'm still starting. Thank you!

    Also, watch out for social media service freebies I'll offer in the future. I'm building my portfolio so there will definitely be a lot.

    Thanks again!

    submitted by /u/jayejakob18
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    Do employees get equity in a startup?

    Posted: 09 Oct 2020 09:46 AM PDT

    I work at an early start (up to 5 workers including the chiefs) and I was lurking online about the startup world (just for curiosity). I stumbled upon the equity in terms of employees and noticed that it is possible. But what are the conditions?

    I'm basically the AI developer of the system? How much is this worth?

    EDIT: Although the company is small, it has been getting a lot of investments from different sources in the last few months.

    submitted by /u/azhan15
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    What's the best pricing model for a SaaS that uses a lot of IT resources for each user ?

    Posted: 09 Oct 2020 11:22 AM PDT

    I'm a web developer working on a SaaS that will be kind of surveys for companies who want to have customer feedbacks.

    The issue is, each survey and each active user will take a large amount of IT resources (servers, ..) and I'm afraid I can't put a price that will both be reasonable and both sufficient for servers renting prices.

    What can I do for that ? What's the best pricing model ? What are you advices ?

    submitted by /u/Alfred1400
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    Any legal / advice for starting a online business underage

    Posted: 09 Oct 2020 01:26 PM PDT

    Hey, I'm soon going to be starting an online service and I have no idea how big it may get, it's a business that I hope to run for 5+ years.

    I'm currently 17. I will need to pay developers, sign contracts possibly, accept payments and all that good stuff.

    Since I'm underage, I'm not really sure of the things I can do(under my name) but my goal is to have as many things in my name as possible. If you guys have any advice, or general advice, It would be very appreciated.

    submitted by /u/future-idiot-2020
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    Are SaaS MVPs getting bigger/more complicated?

    Posted: 09 Oct 2020 12:12 PM PDT

    The idea of the lean startup has been around for a while. But it seems like, as time has gone on, the minimum you have to do to get users has shifted a bit downstream. Things like SDKs and the fact that everything has an API make the demand for a new service contingent upon integrations into existing platforms and/or a certain amount of baseline features for specific markets.

    Let's say you want to SaaS for freelancers to track their jobs. The vast majority of users will only sign up if it's got a quickbooks integration, some sort of invoicing platform integration (or built in invoicing), email tracking through Hubspot or a similar provider, etc.

    I think this has more to do with the development of the SaaS market than the development of the individual markets themselves. A few years ago, you could launch a SaaS without these integrations and get some easy traction. But that's not the case anymore. At the same time, it's becoming easier to make a more complicated MVP and adding an additional feature/integration is significantly easier than it was 5 years ago.

    submitted by /u/ResistantOlive
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    Getting user feedback

    Posted: 09 Oct 2020 09:24 AM PDT

    Hi everyone,

    I need your advice. I'm currently working on a project which I will launch once the MVP is ready.

    What would be the best channel/platform to gather feedback from users and other developers?

    I'm aware that I can use platforms like reddit or twitter, but it's harder to track feedback. One other solution would be a forum, but I would like something simple to get started.

    Any tips are appreciated!

    Thanks

    submitted by /u/come_e_cala
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    Best way to find a trustworthy accountant?

    Posted: 09 Oct 2020 06:50 AM PDT

    I just moved to a new state (U.S) and started my first business - a niche data platform and consultancy. I have a few contracts ready to invoice, and the bank accounts set up, so I'm ready to find a CPA to partner with to make sure I'm covered on taxes and compliance.

    How do you go about finding a good CPA (value, trustworthy, competent)? I don't really have a network established in the state or city yet - a fact complicated by Covid. I've reached out to a few local firms, but they either seem shady, don't return my calls, or don't have capacity to take on additional work.

    Any advice would be most appreciated! Cheers!

    submitted by /u/lawrebx
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    Are Part Time co-founders really a problem for investment?

    Posted: 09 Oct 2020 06:25 AM PDT

    I'm about to sign a founders agreement to start a tech business.

    I'm the CTO and the other guy is the CEO who came up with the idea.

    I've basically got the build the entire MVP myself which is fine, but I have a full time job as a director of my own company, contacting for various companies in the UK on 3-12 month assignments as a Software Engineer.

    During my youth, I was foolish enough to splash a lot of cash on credit cards and loans, and now I have debts of circa 30-45k, which monthly is somewhere between £1000 and £1250. Estimate is that it'll be all paid off within the next 2-3 years.

    I need to keep my full time work up, but if I could I'd love to switch to going full time on this, but I just can't.

    I'd have no problem working on this full time for 3-12 months if I was to take the same rate as what I contract for (£350per day or maybe less) assuming the business has any money to pay for it but it doesn't. We're very early stages.

    I have zero savings also.

    The CEO claims he's full time, but really he's actually working on other projects as well as this during the day, and on top of that already has a bunch of savings to keep himself going for a while.

    My idea is that (and from what I've read, it's not a good one) investors won't touch a company that has one part time co-founder, therefore I'd go full-time using the money we get from investment to go towards my salary.

    Part time to me is between 20 and 40 hours per week, reliably but I can't commit to office hours. According to what I've read, full time is 30 hours per week and upwards.

    If I'm able to commit to 30 hours per week, do you think investors would consider me full time?

    Do I somehow have to pay off my debt, downsize my family home to a smaller one (we rent) and take a huge pay cut just to be able to 'start' building a company?

    Unless you've got savings, or you're fresh out of college/university and live with your parents, how on earth can anyone do this if investors won't touch part time co-founders?!

    If that's the case I'd rather work for years without investment part time to build up a revenue stream independently.

    Is what I'm hoping for a possibility as far as investors are concerned? Has anyone else experienced this problem before?

    Advice greatly appreciated!

    Love you Reddit!

    submitted by /u/DJXenobot101
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