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
- How do you find the team to build a start-up with?
- What does a CTO do?
- Failed Startup, Where To Sell IP?
- Solid affordable VPN options?
- Motivation advice
- Advice on seeking out angels
- CoFounder advice
- Is it possible to challenge YouTube with a different business model?
- What should I look for in a marketing person?
- Is my idea validated?
- Is it worh it
- Warm Intros to Engineers
- Best way to audit what your business needs
- Stock Question
- Mapping Startup Qs
- New company is making the same app I've been working on
- Advice on Licensing Fees for App
| Posted: 29 Oct 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. [link] [comments]  |
| How do you find the team to build a start-up with? Posted: 29 Oct 2020 08:35 PM PDT I have always dreamed of starting a start- up but never had the courage to do it. However, my college will be ending soon and this is probably the best time to start. I do have a couple of ideas here and there but what I don't have is "awesome" skills to do it on my own or a team to do it with. I am quite introverted so don't have a lot of friends who'll be willing to join. How did you meet the founding members of your start-up? [link] [comments]  |
| Posted: 29 Oct 2020 07:55 AM PDT Hi, I'm doing some research about the role a CTO plays in a funded pre-series-A SaaS company. I understand that many people will have different views of this, and it's going to be specific to each company, but I want a spectrum of opinions. - What makes a great CTO in general? - What role do they serve in relation to the CEO/CxO's - What makes a great CTO from an Engineering Team perspective? - What role will they play for current and future investors? - What would a potential investor at Series A want to know about the inner workings of a company? - Do you have any other insight you are happy to share? - I'm all ears! Thanks! [link] [comments]  |
| Failed Startup, Where To Sell IP? Posted: 29 Oct 2020 04:01 PM PDT Our startup has failed as the co-founder with the necessary business development skills and contacts had a major change in his life. I believe this happened right as we were finding our market fit. I believe our market fit was in licensing the IP to established companies that would include it into their product/solution. Is there a place I can sell the intellectual property? The IP was developed inside and extracted from a Fortune 100 company. We have treated the IP as an trade secret, haven't patented it. A platform to sell startups wasn't interested since we don't have customers/revenue. This would be a pure IP play, and we can offer technical support. Not looking to replace the business development co-founder. [link] [comments]  |
| Posted: 29 Oct 2020 09:30 PM PDT Hey fellow entrepreneurs, I've been exploring options for VPN services in hopes of getting my home development pc on the same network as my mobile laptop and in the near future my databases and hosting services. I've been struggling to find any options that stand out and would love to know what you guys have been utilizing. Just for clarity this is not the type of vpn to mask my location, I need it to be able to link my computers as if they're on the same network (giving me the ability to remote into my servers and stuff is the goal as well as developing an admin intranet) [link] [comments]  |
| Posted: 29 Oct 2020 03:07 PM PDT I'm struggling a bit with morale and motivation on my startup journey atm. I have this website idea I think is great, but it's turning out to be harder than expected for be to learn how to build. I think ive found my passion in entrepreneurship, and it actually gets me excited, but my morale is low atm because everything just seems so hard. Has anyone got any advice for staying motivated and having good morale? [link] [comments]  |
| Posted: 29 Oct 2020 08:20 PM PDT Considering angel investment soon.
and anything else we should know before diving in :) [link] [comments]  |
| Posted: 29 Oct 2020 06:05 AM PDT Hi everyone, I'm looking for some advice with regard to my cofounder. I'll first give some background. My cofounder originally had the idea and brought me onboard because I am a software developer with an interest in entrepreneurship. Since then the idea has changed an awful lot and a lot of the non technical responsibilities are falling on me because he is doing a masters. It's important to note that we haven't incorporated yet but verbally agreed in a 50/50 split(I now know that this is not advised). I'm just becoming very aware that if I was to step away from the business then it would quickly die however If I was to continue the business alone there would be no problems. I think I would actually be more productive alone as I wouldn't have to keep them in the loop constantly. Does anyone have any advice on how to handle this? [link] [comments]  |
| Is it possible to challenge YouTube with a different business model? Posted: 29 Oct 2020 07:28 AM PDT YouTube is king of UGC video, and over the last decade it has transformed from a video hosting platform into a sort of social network for video. Just witness the huge growth in subscribers to top channels, and once you check in to see your favorite channels' new videos, YT's recommendation algo will keep you glued to the service (and maybe subscribed to a few more channels). There are many flaws with YT but two stand out for this discussion: 1) It has a very high take rate on revenues generated from ads (ie YT keeps 40-50% of ad revenues), ostensibly because the content creators/channels don't have an alternate video platform with a large audience where they can monetize their videos easily. Eg if PewDiePie moved exclusively to Twitch or Vimeo or any other video platform, his viewership would drop (and ad rates might be lower too) - he would need to convince his subs to follow him to another platform. So he stays put at YT like all the other top channels. 2) The content creators/channels essentially do all the content work, and they have to abide by all of rules of the platform without a real voice to how those rules are set ie they effectively pay a 45% "tax" to YT without any representation. Unless the content creators bought GOOG stock (out of their own pocket), they have no equity stake in YT either. Their loyalty is almost purely economics. So the question is: Would it be possible for someone (Eg the failed Quibi or a new startup) to jumpstart a YT challenger by offering YT content creators incentives such as A) Performance-based RSUs or stock options or preferred stock, B) Contractual agreements that the new platform will negotiate the platform's take rate every 5 years, including the right to negotiate the rules/policies and TOS. (Notably, a higher take rate for the platform increases the value of their RSUs, albeit at the expense of a lower take-home income from ads, so then current crop of top channels may prefer higher take-home income today but if their channels becomes less popular (ie overtaken by newer channels) they might opt for a high take rate to maximize their equity value. C) Better economics for exclusive content on the new platform. Eg 90% of revenues from premium content subscriptions will be paid out to creators. In effect, would it be possible to give away enough equity but not too much of it so
Note: YT is valued at $250-350B by some estimates. NFLX is worth $250B today. If the new platform could be worth $250B in 7-10 years, and assuming half of the equity is shared with content creators, this means $125B. For illustration only, if each channel gets $10M (on average), that's enough to reward 12,500 of the top YT channels (some will get more than others), with $125B left for investors/employees/founders. Edit: Why the high take rate and YT's high valuation makes this challenger plausible. [link] [comments]  |
| What should I look for in a marketing person? Posted: 29 Oct 2020 12:30 PM PDT Hey fellow startup founders, I'm relatively new here, but not new to startups. I've joined because I've come to the point where I believe I have no other option but to hire a marketing person to help grow my startup. A friend recommended this group and said there are some smart, experienced folks here that can help me understand what I should look for. So here's what I want to ask:
Thanks in advance, everyone. [link] [comments]  |
| Posted: 29 Oct 2020 08:24 AM PDT I realize this is a slightly long post but im at the point where it's time to decide to invest my own money or not. This community has been great to me so I thought, why not ask? Relevant details:
Thanks! [link] [comments]  |
| Posted: 29 Oct 2020 01:56 AM PDT Startup owners of reddit is it really worth it to put time, effort and money to do a startup? At any point of time have you considered quitting? If you considered quitting did you go ahead with it or did you stick with it? What were the factors that made you quit or stick? Would line to hear your thoughts. [link] [comments]  |
| Posted: 29 Oct 2020 09:57 AM PDT I have been searching for a tech cofounder for roughly two months now and man it's tough to get in front of people. I don't have a large tech network so I have predominantly focused on cold inquiries via email, linkedin, angel list, cofounderslab, and starthawk. The conversion rate to an actual phone or video call is super super low. I know it's hard and I didn't expect the conversion rate to be high by any means but damn it's discouraging. I have been told meetups were previously a great way to meet engineers but those aren't happening right now. This leads to my question... How do I secure more warm intros to engineers in the covid world? [link] [comments]  |
| Best way to audit what your business needs Posted: 29 Oct 2020 09:36 AM PDT Hey all, I'm going through some things with our business and one of them is to find out what we all need. I suppose you could say it's identifying a problem area and looking for the solution which sounds simple. Either it's people, software, whatever. What I'm realizing is that I'm all over the place and was curious if anyone had any methods to this or insight. Going by department, specific problem, area of opportunity etc. thanks everyone. [link] [comments]  |
| Posted: 29 Oct 2020 05:03 AM PDT I currently work at a tech startup with < 50 employees. I know we have plans of going public, but the company I work at is quite secretive. Our CEO has mentioned We'd get stock but we haven't seen any paperwork.... What are good ways, from your experiences, to tell if a startup really will provide stock or if they are full of shit? [link] [comments]  |
| Posted: 29 Oct 2020 08:34 AM PDT Anyone use "Interactive Geo Maps", "Maps Marker" or "Map SVG" in their startups? I asked a similar Q in the Google Maps Reddit and didn't get any input. All seem to have Wordpress plugins, but was curious which one is sort of be the best of breed so to speak. My main focus is filtering data displays, clustering on maps and problems with stacking data traditionally on Google Maps. I don't feel this is something that needs to be redone or rebuilt. I'm not trying to recreate the wheel someone else has already mastered. I'm open to other tools that are easy to use, yet robust in their data heat-maps and clustering capabilities with low or no code options. All data is csv/xls related at first and eventually a build out for each map point curated by users. Max display is 600k rows, maybe 50-100 columns with lower usability. Most map displays would be 100 rows, 25 columns for regional curation. I'm just trying to get an MVP up that works well with the available data to gain some traction and show interest. I'll work on the other, more advanced aspects later. [link] [comments]  |
| New company is making the same app I've been working on Posted: 29 Oct 2020 08:28 AM PDT I have been working on an app for a few months (alone as a dev). I recently signed a contract with a new company, waiting for start date. However, I just found out they have also been working on an app with exact same idea I have. I would like to hear your advices in this situation as I'm worried about legal issues. E.g. Give up on the app and look for new ideas, breaking the contract etc. I currently have a job, losing this offer won't affect me much fyi. [link] [comments]  |
| Advice on Licensing Fees for App Posted: 29 Oct 2020 07:48 AM PDT We've developed an app that we are intending on licensing out to various businesses in the country as a white label solution. We aren't sure on what the fee and pricing structure should be, but are leaning towards a monthly subscription billed annually with a one-time setup fee for rebranding/white-labeling needs. Would really appreciate any advice on what % of total development costs this monthly subscription should be or if there is another way to gauge, like size of target customer etc.? Competition is limited in the space, so it has been difficult to have something to measure against. [link] [comments]  |
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