Startups Peer Support and Self Management Saturday’s - A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant |
- Peer Support and Self Management Saturday’s - A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant
- What are the absolute most important things I should be doing while my tech co-founder builds the MVP?
- What are your favorite articles/blogs explaining particular product decisions?
- Early stage legal aspects to consider for an EU startup
- I have the weirdest issue right now. I can’t bring myself to “launch” my startup
- School- bba (entrepreneurship)or computer science ?
- Building a personal kitchen assistant. Planning on crowdsourcing recipes from bloggers and paying them. Like how Medium pays writers. How to get the initial bloggers?
- Can you give someone more equity down the line?
- How to determine if it’s worth pursuing a patent?
- What are you using to manage HR/ training docs? Do you have it connected to your CRM? Change controls?
- Co-founding a startup with a vesting time employee.
- How Does This Legality Stuff Work
- Any advice on Category Creation best practices? Consumer climate data product
- Sunday’s Success Stories - Celebrate Your Successes From the Past Week: Anything goes, none too small!
- Tech as 3 non-techies
- Alright, this is the plan, 17 yo bin lock company. Will need some help.
- can I use my Stripe or customers stripe?
- Looking for advice on how to make my business idea more secure and trustworthy
- Is offered equity diluted by option pool?
| Posted: 10 Oct 2020 06:05 AM PDT Welcome to this week's Peer Support and Self Management Thread. This is a Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant. The goal for this thread is to help one another manage mental and physical health so we can more easily find success. We all struggle sometimes and it is important to recognize that the struggle is part of the journey. The important thing is to learn how to overcome that adversity to grow and succeed. Be tactful and classy in how you vent your feelings and share your frustrations. Act in a mature manner. Ask questions, share experiences, and be there for one another. Practice empathy in giving advice and remember that what worked for you isn't guaranteed to work for others. Make suggestions, not demands of others. #Because this is meant to be a safe place to support emotional and physical health there is a zero tolerance policy in effect. Be KIND. Be sure to report any conduct that is in violation of that key tenet. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| Posted: 10 Oct 2020 07:41 AM PDT I recently had a calll with someone who specialises in validating startup concepts pre-launch, he was super helpful. I specifically asked him what I should make sure I work on while my tech co founder is building the MVP, it will be finished in 1-1.5 months hopefully. This is what I've done so far to validate the idea (before I had a tech co founder):
So I'm aware that this is a good start but no-one has actually exchanged money for this idea, though in theory there is demand. He said that, while my partner is building the MVP, I should conduct a wizard of Oz experiment. While I think this is a good idea, I also think it is probably quite time consuming, and I will also need to be working on getting a group of beta/pilot customers together, since I expect we'll be working on product market fit for a while (if all goes well). I'd like to know - do you think I should do the Wizard of Oz experiment? and also, what other things are absolutely crucial for me to work on pre-beta? I am CEO (of nothing right now, ha) but my core skills are marketing (day job) and product. [link] [comments]  |
| What are your favorite articles/blogs explaining particular product decisions? Posted: 10 Oct 2020 05:14 PM PDT I'm looking for entire blogs or specific posts like: i). The God Login: https://blog.codinghorror.com/the-god-login/amp/ ii). Why AnyList won't be supporting Sign In with Apple: https://blog.anylist.com/2020/06/sign-in-with-apple/
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| Early stage legal aspects to consider for an EU startup Posted: 11 Oct 2020 12:56 AM PDT Hi all, I am currently at an early startup stage and would like to get some legal aspects of the whole process clarified. To sum it up: I am currently based in Germany working with a buddy on a B2B idea. Whilst he is working on developing a MVP, I am working on setting up a landing page and getting a list of subscribers/future users. Users will be based in Europe (EU and non-EU). We also got a name for the startup which we are already using on the landing page. We haven't registered our company or anything of this sort, only bought a .com domain. So here are the questions:
In case I might be forgetting something important I will be grateful to get it pointed out, too! Thanks. [link] [comments]  |
| I have the weirdest issue right now. I can’t bring myself to “launch” my startup Posted: 10 Oct 2020 04:57 PM PDT About ten years ago I agreed to rebuild a relative's deck. It was the middle of August in Alabama and I was staying at their house for a few days. I was excited for the project, but when it came time to actually take my saw to the first railing to demolition the old one, I had to stop. I literally sat there for a good five minutes because I realized that if I cut through that piece of wood, I'd have to finish the project. I had to take that leap. I did eventually cut through and someone over the course of three days I rebuilt their deck some twenty feet off the sand. The conditions were horrible, but I had such pride in the end. And ever since then I've been so aware of making big decisions. Which brings me to my startup. About a year ago I built a site for co-founders to find each other by reading answers to kind of off the wall questions. When I released it to a few people in Colorado, folks really seemed to like it and I got to around 400 users. I didn't want to charge money though and Azure costs like $70 a month for SSL, so I had to take it down when I got pulled into other work. But now, during Covid I think there's such a need for a new method of finding people to work with. So I rebuilt my site, and I even now have options to make money from posting jobs or listing your venture. But now I'm confronted with this intense stage of making a decision. I've put the site up on a share azure site without pure ssl, but I need to take that leap and actually market it. I need to sell it because I think it's cool, but maybe it's just a time suck and folks legitimately aren't able to appreciate small startups. I've built in pieces like the ability to have virtual "pitch to developer" or "pitch to salespeople" sessions to help folks find each other, and I have so much more planned. But lately it seems like people claim to support startups while secretly wanting them to have spent millions on flawless UI design. I guess this is just a rant, but how do I take that leap. [link] [comments]  |
| School- bba (entrepreneurship)or computer science ? Posted: 10 Oct 2020 09:05 PM PDT So I owned a business at 24 in the e-commerce world and decided to close the business and do other things because I wanted a change. So now I'm in my late 20s and I'm going to go back to school but I really been contemplating between going to school for BBA or commerce and focussing in on entrepreneurship or going to school for computer science. I am torn because my passion is business and I noticed that when you go to school for business they do teach you how to start and create a start up and get funding etc. And I currently very involved in online business now but it can always learn more. In terms of math skills it is something that I have to work extra hard at to get good grades. And I know if I go into computer science I will definitely have to really brush up on my math skills. But from what I've been researching a lot of people are saying to go into tech and then business but I'm wondering if I would end up screwing myself over if I go into entrepreneurship as a specialization? Would love to know your thoughts. Or am I better off going into another type of specialization? [link] [comments]  |
| Posted: 10 Oct 2020 11:38 PM PDT The personal kitchen assistant is going to have 6 features, like 1) Search with filters 2) Meal planning calendar 3) Pantry Management 4) Voice Assistant We are building a MVP and we can launch it in 2 weeks tops. But we don't have the most important part of a meal planning app, Recipes. So, we are planning on partnering with bloggers and pay them when a paying customer uses their recipes. I necessarily don't have to spend a lot of money paying the bloggers, because I will only be paying a percentage of what my customer is paying. Naturally, bloggers are ignoring all my attempts at communication. Should I scrap the recipes from their website, add links to their blog on my app and contact them again when I actually get paying customers? I feel like that's the fastest way to check if people will actually pay for my product. But I am having doubts on how ethical it will be. Also concerned about Copyright issues (I have zero customers now though) How should I approach this problem? [link] [comments]  |
| Can you give someone more equity down the line? Posted: 10 Oct 2020 09:15 PM PDT Can you give someone more equity down the line? Let's say someone wants to jump on and the initial plan is let's say 20% vested equity with a one year cliff, could i down the line give the person let's say 40% or something after the one year with them already having the 20%? I haven't seen a lot of info on this so any help would be appreciated. I want to do this as a trial run to see if they're a fit for the startup. Any other tips as well when doing this? Thanks [link] [comments]  |
| How to determine if it’s worth pursuing a patent? Posted: 10 Oct 2020 06:44 PM PDT I have an idea for a software application, the main component of the application is built on a reinforced learning algorithm to help drive website conversions in a very specific (and actually fairly simple) way. I haven't even finished development of the MVP of this application but the algorithm itself is tried and true, but I believe the usage/application of this algorithm is novel in the research I've done. I'm wondering how and when does one decide to pursue a patent. My thoughts in why I'd want to pursue a patent is to carve out a niche in a fairly saturated market as my own, as well as be more attractive to investors. My reason for not pursuing it is again I have no actual traction as of yet, and even though I've done a lot of research I can not determine if it's a truly new idea (and also I'm almost entirely ignorant of the patent process). So I guess I'm asking is 1) is pursuing a patent at an early stage even worth it, 2) at what point do you start trying to get a patent and how certain should you be that your work is patentable before you move forward? [link] [comments]  |
| Posted: 10 Oct 2020 06:20 PM PDT We are in Fintech and I need to start getting more organized about tracking everybody's credentials and training, since those are periodically needed for reporting to regulators. We're using Suite CRM pretty extensively for customer stuff, but it doesn't seem like the right tool for tracking employee training, certifications etc. We're using Jira for tickets, and I'm thinking about starting to build out some change control functionality. It might make sense to have that tied to our HR stuff right? We have our own document automation for reports, but right now I'm using excel to track licenses etc. Our team is only about 20 people, but if I miss anything it's a big deal. Thoughts? [link] [comments]  |
| Co-founding a startup with a vesting time employee. Posted: 10 Oct 2020 03:18 AM PDT Hello everyone. I have decided to co-found a startup. The co-founder and I have agreed on 50-50 terms with proportional dilution. Now, we also agreed to give away some of our equity to our first employee. (He agreed on vesting time for 2+2years). My question now is: 2nd question: Can we consider our first employee as our co-founder as well? I'm not sure which title he should get inside our startup. Is it just an employee? [link] [comments]  |
| How Does This Legality Stuff Work Posted: 10 Oct 2020 03:02 PM PDT Howdy, I'm fairly new to reddit but here it goes. I'm a teen, under 18, and i've been recently thinking about starting a business. Money is of absolute no concern, I have a side job which I work part time so making money is not as important as labeling my brand. I come here because I was thinking about clothing, in particular street wear. I am an ambitious person and enjoy the competitive nature of business so I thought I could put it to use on my own terms. Unfortunately my artistic abilities are poor but my business abilities are better. I understand the basics, where it's better I establish an LLC and do things under the name of the company etc, but I just had some questions since this is nothing more than an idea. I was wondering the legalities of taking a clip art design, let's say off of google, and putting it on my own shirts (assuming I read the website, it says I can use it). If not that, can I commission a friend who's good at drawing to make something for me, I pay him in cash, and leave it at that? Because I am aware I cannot go into a legal contract as I am still under 18. Thanks. [link] [comments]  |
| Any advice on Category Creation best practices? Consumer climate data product Posted: 10 Oct 2020 10:50 AM PDT Hi, I'm a reader and commenter of this sub, first-time poster. Currently obsessed with the idea of creating consumer data products to make climate change real for consumers. My first stab at it is a custom city report product, with an elevator pitch concept of "Carfax for deciding where to live: Everyday people should understand the hidden financial consequences of a city's economic outlook, with climate change forecasts." My initial market niche / buying decision target is remote workers with new optionality about where to live. I'd greatly appreciate any advice on:
For the third question, I'm currently feeling like Adwords around migration searches might be my only option. But I'm desperately looking for some way to do outbound, in order to validate and get demand rolling without spending an arm and a leg on paid campaigns. Thanks for any thoughts you can share... [link] [comments]  |
| Posted: 10 Oct 2020 06:05 AM PDT Welcome to this week's Sunday's Success Stories Thread. A lot of us get way too hung up on the destination and the fact that we are not there yet. It is important to take a moment to reflect on a great quote from Agents of S.H.I.E.L.D., "The steps you take don't need to be big, they just need to take you in the right direction"- Jemma Simmons This is extremely relevant to all of us in this community. We should all be more aware of the successes we achieve every day that carry us closer to our goals. Celebrating these successes, no matter how small they are, allow us to stay motivated, focused, and happy while we struggle to achieve dreams of various sizes. The purpose of this thread is to share our successes from the week with one another and have something to celebrate together. So, let us know what successes you have achieved this week! Nothing is too small or insignificant! #Because this is meant to be a safe place to support emotional and physical health there is a zero tolerance policy in effect. Be KIND. Be sure to report any conduct that is in violation of that key tenet. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| Posted: 10 Oct 2020 08:55 AM PDT Hi everyone, 2 co-founders and I are planning to start our first company together. Our plan A would be to sell devices that we would import from China and make a compatible app for them. This would be an app for emergencies, and you would use the device for an SOS signal. The idea already exists of course and some companies doing it are pretty successful. The app would work similar to Find my friends or Life360, but it wouldn't track people all the time, only in emergencies. It would need to have a map, send emergencies from devices, and alert friends and family if you are in danger, so the reliability would have to be high. Our concern is that we are 3 business students with limited money, little experience and very limited knowledge of tech. Do you think it is an idea that we can pursue if we hire developers or find a 4th co-founder who is a techie? Or is that still not enough? We are concerned that we wouldn't be able to add much to the development of the app, which would be mostly what we are selling. We are getting really contradictory answers. On one hand, we are at a big disadvantage and there is a low chance that we will succeed, but on the other hand, it is quite possible, and not all tech companies have tech co-founders. What do you think? Should we just completely skip this idea, because we don't have a chance or it will be too expensive? Or do you think it would be possible if we got a techie co-founder? Thank you, your opinions are really appreciated [link] [comments]  |
| Alright, this is the plan, 17 yo bin lock company. Will need some help. Posted: 10 Oct 2020 08:49 AM PDT This post is a follow on from the last one, I'm able to continue the project on my own, told my colleagues and they let me take over. What I know: I am able to use €1500 capital for advertising, packaging and creating stock. I've done the math and I can make 1250 products (excluding vat) for €1200, (including packaging) the remaining money will be partially spendt on advertising and/or saved. This gives me a breakeven of 300 units if all sold online Or a breakeven of 380 units if only sold in store I will have a mix of the two above If all are sold I should make a profit of €3500 to €4750 What I don't know: If I can get VAT back If it is worth investing in a website The amount I should spend on advertising If there's legal problems I may have to deal with I am already planning to visit a local enterprise office in the coming week but I would like to have as much information on hand as I can. [link] [comments]  |
| can I use my Stripe or customers stripe? Posted: 10 Oct 2020 06:08 AM PDT I am making an e-commerce platform I don't know what way to choose 1) Use my stripe and then transfer money to customers 2) or request customer's stripe and use it The first way is cool because I don't need to request stripe from customers but why Shopify and Ecwid don't use this way? and I think there are some tax for transferring money and stripe payout doesn't support all countries or maybe you advise another way [link] [comments]  |
| Looking for advice on how to make my business idea more secure and trustworthy Posted: 10 Oct 2020 05:56 AM PDT Hello guys, Now, the question that I get a lot is: How can you make sure that the renter gives the game back? or Can't I just loan out a game that is defect and when the renter then claims that the game is not working, I could blame it on him so that he would have to pay me back the worth of my game? I got asked about these and several other scenarios of fraud. My initial idea was to make people that sign-up to register with their visa card so that if someone didn't return a game I could claim the value of the stolen game or that as long as a game is rented out I would 'freeze' a certain amount of money on the visa card until the game is returned. But neither one of those options would protect the renter from fraud, from the loaner lying about the condition of the game and blaming it on the renter. Other solutions where for example that if you put a game for rent you have to first send me a video that shows how the game is working properly but this can easily be faked. Another idea would be to have the renter to see for himself that the game works before he loans it out, that would mean that the loaner actually had to invite the renter into his house and I'm not sure if that's a good idea. I don't want to give up on this idea because I really like the idea of this community effort that basically makes everything tick and I live in a very small country as well which makes the delivery so easy. If you guys have any solution for my problem, that would be great. Every idea, constructive criticism or heads-up is more than appreciated. [link] [comments]  |
| Is offered equity diluted by option pool? Posted: 10 Oct 2020 03:56 AM PDT Two friends of mine started a company two years ago and have just completed their seed round. They have created a share options pool following this round but no options have been issued as they have no employees currently. If I were to come on as an employee in this company immediately post-seed and offered equity, should I expect this equity to be diluted by the share options pool, or should I expect to have the full equity? They themselves say they aren't sure and will consult with an advisor, but I thought I would also do my due diligence. Happy to provide further info if necessary. Thanks. Edit: the shares are gifted from the equity of the current founders. No other shares are created if I join. [link] [comments]  |
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