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    Wednesday, October 14, 2020

    Startups Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started

    Startups Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started


    Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started

    Posted: 13 Oct 2020 06:06 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.

    submitted by /u/AutoModerator
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    Can you make process at two different gigs simultaneously?

    Posted: 13 Oct 2020 08:28 PM PDT

    I see a lot of posts on this sub about people who finally get to a point where they quit their "main" gig to fully pursue their own venture. For those who haven't reached that stage yet, what have you found to be the best way to manage two gigs in parallel.

    My current scenario is working for a Fortune 500 tech company as an account executive while also running a beverage startup. The shift to remote work has actually helped me a lot with managing both of these things which could easily take up all of my time by themselves. So although I feel like I've got a good rhythm, I still think that maybe I could be doing more in the time I have.

    submitted by /u/hom_e
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    Is building a web-based MVP a waste of time if the end product is mobile?

    Posted: 13 Oct 2020 05:48 PM PDT

    I'm developing an alternative to Yelp with a creative spin on reviews, ratings, & recommendations.

    I won't get into too much detail because I don't think it matters for the sake of this post, but I was pondering the thought of developing the MVP for web then eventually develop for iOS/Android. My reasoning is that I only need to test out the logic of the new review system I created and the *machine learning* recommender-system and that a website could in theory get the job done (on top of web-development being cheaper).

    In the long run, I don't think people would stick a web-based version of my app, but I would absolutely create a mobile version if I can prove the real-world helpfulness of my app.

    So to sum up, can/should I create a web-based MVP first just to test out the product, or should I just jump straight into mobile even if that costs more and takes longer to develop?

    submitted by /u/nicebrah
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    Hypothetically your product blows up immediately, what do you do?

    Posted: 13 Oct 2020 08:19 PM PDT

    You release your product (let's say it's a SaaS). It's an instant hit and in the first week you scale from 0 users to 2000 users (ignore the unlikelihood) with no sign of slowing. Support tickets start rolling in, bugs start appearing, infrastructure is stressed to its extent or failing, free tiers start expiring, etc. overall your out of your depth and things are moving too fast to keep up. What do you do?

    I'd imagine you couldn't onboard hires quick enough. Is this when you hire a team of contractors to help manage things? Do you limit new users to slow excessive growth? Do you let the bugs and whatnot roll in and handle it when you can?

    submitted by /u/DasBeasto
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    With how much capital did you start your startup and what's the startup about?

    Posted: 13 Oct 2020 06:08 AM PDT

    I'm just a student that think's of opening a startup in the future and I'm courios how much capital do I need to start one. I'm thinking about food bussines or electronics, like a food container that I can move it and change the equipment for every season. Thanks.

    submitted by /u/JustLada
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    What should be my first reach-out to people on my waitlist, when asking for beta testers?

    Posted: 13 Oct 2020 11:06 PM PDT

    So i've been working on this product since March really, I was conducting customer interviews and then I ran a Facebook advert to my waitlist page to see if the messaging/product was attractive. I ended up getting about 300 people signed up in 24ish hours. So the mix of my waitlist is about 20% customer interviews (on the list in March), 60% from the advert (signed up in May) and 20% from recently where I posted about it in industry-related facebook groups.

    I am now about 1ish months away from finishing the first version of the product, and I need to start getting beta testers lined up. I'm having trouble pulling the trigger on emailing them, since some of them I spoke to on the phone back in March and they may not even remember who I am, some of them have more recently signed up and are a bit 'warmer'.

    Should I send one email to the entire list? E.g. 'Want to be the first to try XYZ?' or should I send separate, personal emails to the first group of customer interviews?

    If not, how should I split it up (or not)?

    submitted by /u/mambono5555
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    Stuck on picking a Startup name!

    Posted: 13 Oct 2020 09:23 PM PDT

    I seem to be stuck picking a name. The requirements:

    .com available (optional all social media available)
    max 8 words
    easy to spell mathematical or scientific meaning behind it

    Any tips on finding names, how did you pick one? I am trying to come up with something cool for quite some time now and I am not enjoying it since everything is already taken. I am also willing to pay up to 1000USD for the domain.

    Hope to receive some good help! Thanks

    submitted by /u/ghandiIam
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    Looking for a last SoloCoFounder (not a typo) to own 100% of an AI SAAS startup

    Posted: 14 Oct 2020 02:24 AM PDT

    ####

    TLDR: Own 100% of an AI SAAS startup.

    AND be part of a great co-founding team.

    How? We build a stellar product together with all team members in different countries & languages.

    Then you own it 100% in your home country's language.

    ####

    Dear startuppers,

    Are you ambitious with some SAAS growth/marketing/project management knowledge?

    Looking to build a future-proof AI SAAS startup and maximize your own profit?

    In addition: How would you feel if you owned 100% of it in the end?

    Sounds great but how on earth would this happen to you, except for an incredible opportunity mixed with a good amount of luck?

    I thought extensively about this. This is what I found:

    - Solo-Founders have extremely low odds of success. No wonders. They compete against whole teams. Almost nobody master all the different expertises needed. And it takes a huge amount of work, sustained effort to make it.

    - Co-Founders can be the best thing ever. But opportunity windows are short and it is hard to find the right ones at the right time. Finally, you bet your work and equity on them. Bad co-founders can mean losing control, profit share or the whole work you did for a company.

    I came up with a possible solution. A way in which you could, as a Solo-founder, own 100% of your business. But work together with like-minded founders on your startup, who all have a direct personal incentive to make your startup successful and profitable.

    Localization.

    I believe we can work together, on the same startup, but for different languages & countries. Sharing workload, different expertises, support and great times together. Owning 100% of our business at home.

    I believe that this will dramatically improve everyone's odds of success. Everyone's interest would be to make everyone successful. All work is easier within a dynamic & competent fellowship.

    Obviously members will have to be well selected & aligned to ensure success. And there could be new types of problems arising. But as founders, solving problems is what we do. So we'll figure it out.

    Overall, I think this is super worthy of a try.

    Especially when the top risks are : maybe waste a few hours if we don't see it working.

    And the stakes are : you owning 100% of a future-proof AI SAAS startup product. Basically a one way ticket to a secured financial future. And a near complete personal freedom. Earned through hard but smart, efficient & stragically synergetic work.

    There are some constraints tho :

    - Being fluent at least in English, and in a non-English language.

    - We'll make no bones about it : we are selective of impressive & experienced profiles to ensure everybody benefits from the group and nobody is weighting it down.

    Interested? Comment or send me a message. Cheers!

    ----

    Update: I posted this message several times and the team is close to complete. We are still looking for other applicants to ensure a really great level & completeness in the team.

    Team currently consists in a PHD in Deep Learning & Sr. Dev, a 2nd Sr Dev & consultant, & a SAAS product manager. We began to work on marketing, mockups, finished an early prototype and are currently performing customers interviews.

    But we still have not begun to work on the end product. So there is still time to join. Mentioned above is still exploratory work and everything is subject to change if you have great ideas & inputs.

    submitted by /u/HumanityCanDoBetter
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    How to do customer development?

    Posted: 13 Oct 2020 11:53 PM PDT

    I have watch Rob Fitzpatrick's youtube video "How to Learn from Customers When Everyone is Lying to You",and it has a few examples of doing customer development for a cook book. It does a good job of explaining the basics of doing customer development if you want to validate incremental improvement ideas.

    I have read "The Lean Startup" - by Eric Ries - It argues for using experiments as well as talking to customers. It argues that you should test your assumptions with experiments. It has some examples of how he and others ran experiments and uncovered answers.
    "The Lean Startup" also talks about categories of customer development questions. For example it has questions that helped to pick a growth model.

    1. Have you any examples of customer development?
    2. Also what categories of questions should I be trying to find the answer to?

    The problem is, I have seen very few examples of Customer Development. How to find examples of common questions? Also how to find categories of questions that you should ask?
    I assume the solutions vary. If I do Customer Development with a survey or in a forum or with a friend, I assume the system you use wants tuning.

    Have you any thoughts on customer development, any advice or examples.

    submitted by /u/eddyparkinson
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    Cold Calls and Emails??

    Posted: 13 Oct 2020 05:33 PM PDT

    Hello everyone,

    I am about to start selling skin-care products imported from Korea via my website soon. These products are sold in 60+ skin care clinics in Korea, and I am also thinking about reaching out to dermatologists and skincare clinics in Los Angeles so that they could sell at their clinics

    I've never been to the clinics in Los Angeles, but do most of them sell skin care products at their own clinics?

    I would also greatly appreciate it if there are other solutions or channels to advertise these products

    Thanks!

    submitted by /u/randomQs318
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    Anyone got experience building niche job boards?

    Posted: 13 Oct 2020 11:30 PM PDT

    I help run a website that already has a few low thousands professionals hanging out on the website that came for our main product offering. As an additional vertical/product offering, we are exploring the idea of adding a job board to the site. So we already have the supply (the professionals) but we don't have the demand (the employers).

    We are curious on what it's like to get employers to start paying to post listings on our site. Does it require a sales team and constant relationship building to get an employer on board? Anyone's got experience the with employer side of the job board? Would love to hear your thoughts.

    submitted by /u/Yo_Mr_White_
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    Need genuine advice about my new startup

    Posted: 13 Oct 2020 11:20 PM PDT

    I have one idea about health related startup which is an mobile application. And also i prepared the design and working application (for demo). But now i wanted to work on it from base. Like how can i validate my idea? Which steps should i follow. What i have to do next? And how can i get investment. Can you please suggest me what should i do. Or can you suggest me best e book or resources of the startup? (I don't want inspirational book for startup, i want the steps or way by which i can move forward.) Thanks all of you in advance. Have a great day

    submitted by /u/thekishan999
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    Approached by a VC to lead a venture build, what am i to expect from the discussion?

    Posted: 13 Oct 2020 09:50 PM PDT

    Hi! (Apologies if my terminoligies are incorrect) I've been approached by a VC that i've known for sometime due to the nature of my current role in corporate. I'm scheduled to meet one of the investors to discuss about this opportunity to lead the start-up.

    How do these discussions go about?

    About myself, experienced in my field (financial services), with understanding of core business fundamentals, successfully deployed innovative business models within my organization, and knowledgeable about market landscape. Long time corporate slave. :)

    I've never really thought about doing a start up before, although this opportunity interests me because it was the VC who approached. Any advice?

    submitted by /u/brownleatherchair8
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    Funding for a UK-based music business startup?

    Posted: 13 Oct 2020 04:40 PM PDT

    I'm not a musician, but I'm doing a music business course and our task is to research funding available for our startup ideas. My two ideas are:

    1. A record label that focuses on women and LGBT artists
    2. A website for songwriters to sell their work directly to musicians

    The second one especially I'm struggling to find a funding idea for

    submitted by /u/lonelylamb1814
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    Is there a site where I can submit a picture of my prototype and marketing pictures to get product validation

    Posted: 13 Oct 2020 04:49 PM PDT

    I'm looking to validate my prototype and get more insights on what a customer might want or not need from it, and also figure what the price point might be

    I'm still in the development stage and the product is not ready for a crowdsourcing site, and I'm not sure if I can post pictures on Google survey or Survey Monkey.

    Is there another resource where people can see the prototype and give feedback?

    submitted by /u/drdrshsh
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    How to find a mentor to guide through the startup process?

    Posted: 13 Oct 2020 03:26 PM PDT

    I'm inexperienced in starting a business. I was wondering if it's possible to find someone to guide me through the process of starting a business for equity stake in that business? I have a lot of good ideas and i'm not sure where to get started. I don't know how to code which makes it difficult because a lot of my ideas revolve around websites/Apps. I tried learning but, it was not for me. I'm skilled at fleshing out an entire idea. I've collaborated on creating business plans and pitch decks before. I also know a small amount about social media advertising. Other than that I do not bring much more to the table. I have no problem learning and giving it all my effort though. If anyone has experience with this I would love to hear your solutions or paths to take. Ideally I would prefer to meet an experienced entrepreneur who would take majority of equity in an idea and guide me throughout the start-up process to learn everything I can.

    submitted by /u/JacobJPickering
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    Contact wholesale on AliExpress? How to contact wholesale?

    Posted: 13 Oct 2020 02:35 PM PDT

    Hi Guys!

    Im planning on reselling materials that I buy from AliExpress. Is there any way to contact wholesale or the "company"/ supplier of the shop Im buying the materials now so that I can get it cheaper?

    If so how should I do it?

    I tried to google the name of the "brand" that is on the package ( they are mobile batteries), but all I could find was the same shops on AliExpress... pretty much every electric shop sell the same items, same names and brands but I wasnt able to find the supplier where they get it.

    Thanks for the help.

    submitted by /u/RaidenHUN
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    Hosting for Start-up App?

    Posted: 13 Oct 2020 12:11 PM PDT

    Hi Everyone!

    Looking for insight and guidance here; what were your experiences with App server hosting? Was a specific type of hosting better than another?
    My current dev is asking for linux server hosting with cPanel access, and I just want to make sure I handle this accordingly.

    Looking forward to hearing from you all!

    submitted by /u/ATTKippy
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    Looking for cloud platform suggestions.

    Posted: 13 Oct 2020 07:31 AM PDT

    I'm looking for suggestions on a cloud based platform (a Stripe equivalent within this category/scope of work) that would allow my customers (other businesses) to:

    1. Create and manage an account (I'd need the ability to review, approve and edit) via a website. Also, the ability to sign-in and pull in their 'Google my business' details (details you'd find on listing in Google maps) during the account creation process. This would help pre-populate their account profile info and help me validate them.

    2. Self serve ability for my customers to input their services/offers against fields I'd customize. They'd only have visibility of the data they've inputted. I'd have access/visibility of all. Then I'd like to use this database to populate content across a chatbot I've built.

    Any help or ideas will be greatly appreciated.

    submitted by /u/slippery_pole
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    Landing page woes

    Posted: 13 Oct 2020 09:09 AM PDT

    If I have an idea and want to gauge interest and launch a landing page, should I buy a domain that the product will live on if it launches or can I do a free domain like a Carrd one that will just be a landing page and buy a real one if and when I need it?

    submitted by /u/Mikban
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    I need help with your ideas for my micro-saas project

    Posted: 13 Oct 2020 08:52 AM PDT

    Hello, I am planning to develop an optimization tool for Youtube videos. Should I separate the videos according to what, i.e. by category or by tag? What I'm going to do is optimize people's videos for all kinds of things (right tags, right title, right image). I will allow them to select languages and countries separately. Your thoughts are very valuable to me!

    Thanks

    submitted by /u/zicxor
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    Startup Marketing Advice Needed!

    Posted: 13 Oct 2020 08:42 AM PDT

    I'm currently in the middle of getting a website developed for an idea of mine. This is my first try at something entrepreneurial and doing a lot of things for the first time can be quite overwhelming. With the website almost done, I am going to need to market it on a limited budget of around $1000 CAD

    I would really appreciate any advice on how to cost-effectively market a website on a low budget.

    submitted by /u/spawnik2222
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    Paying your initial employees when you have got no money.

    Posted: 13 Oct 2020 08:03 AM PDT

    I am in a very early stage of ideation but I will be coming up with the concrete book work real. Once I do that I would need 2 or at least 1 more person to join. How do I pay them as I have got no financial support.
    I am working on climate change solution. So there is a meaningful outcome attached.
    1. What are some motivations that would convince people to invest their time?
    2. Is an equity promise a good thing? I read online that you must offer it on completion of something sometime or some task.

    Any advice appreciated.

    submitted by /u/allcoolhandlestaken
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    Using other companies products as a prize

    Posted: 13 Oct 2020 03:26 AM PDT

    Hey all!

    I'm looking to start a seasonal start up making bespoke Christmas cracker. I'm a good bit along but I have a question regarding the prizes I will include. Do I need to seek approval from the companies that make the items I'm going to use?

    Any help would be much appreciated.

    submitted by /u/CeLaVie17
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