- When Peter Thiel talks about the importance of distribution for startups in Zero to One is he actually referring to the place through which a startup provides its product or a startup’s sales/customer acquisition strategy?
- How do you test products?
- Best way to implement an AI chat bot on my website?
- Need electric product (with Bluetooth) manufactured for a prototype. Where can I go? I’m striking out on Alibaba
- Selling Our Two-Year Old Startup - Things to Beware?
- How would you market an app that is in beta?
- Renting out campervans
- Advisory board before seed round
- Engaging in Customer Discovery for Wildfire Building Technologies
- Questions about startup sales tools
- Examples of market validation/traction slides
- Raising Angel as a B2B Bootstrap Startup - any Success Stories?
- Where is the best place to find a Full Stack Partner in my startup?
- How do you decide for yourself on pursuing a position in a startup?
Posted: 25 Oct 2020 04:43 PM PDT He says: "Distribution is something of a catchall term. It essentially refers to how you get a product out to consumers. More generally, it can refer to how you spread the message about your company. (...) But for whatever reason, people do not get distribution. They tend to overlook it. It is the single topic whose importance people understand least. Even if you have an incredibly fantastic product, you still have to get it out to people." [link] [comments] |
Posted: 25 Oct 2020 11:15 PM PDT Designer/wife and my husband/developer. Over the last decade we've dream-phased and half-started a ton of ideas. This year we finally committed to a single idea. Now that the MVP is almost done. Where the heck do we go to test it with users? We've made the number 1 error in ux. Created a product in a vacuum, with no real research. Some other important things; we're in South Africa. We don't have a huge or any bankroll for that matter. *I was thinking to host the product (bespoke CMS) and then spam my friends and LinkedIn with access and a google survey? Advice welcomed. [link] [comments] |
Best way to implement an AI chat bot on my website? Posted: 25 Oct 2020 12:40 PM PDT Hey! First time posting here :) I want to integrate an AI chat bot on my website (B2B SaaS) but I wasn't sure what the best approach would be and would love to have your suggestions. The goal of the chat bot would be for sales/marketing and to potentially be able to schedule demos and send calendar invites via outlook. I'm pretty open to paying for outside services, but not too crazy about paying too much money. I don't mind building my own from the ground up (sounds fun actually!) but I'm not sure where to begin.
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Posted: 25 Oct 2020 08:57 PM PDT The product needs to communicate with an app on the phone. I'm contacting manufacturers in China who have the generic version of what I need (on the exterior), without luck. I basically need to turn an existing product into a "smart" product (controlled through phone app instead of by hand). The product will also record every time it's used and that data sent to an app. Can anyone help me find a manufacturer who can do this? Any advice? [link] [comments] |
Selling Our Two-Year Old Startup - Things to Beware? Posted: 25 Oct 2020 11:14 PM PDT ** Repost - My initial title about selling my "baby" was attracting the wrong attention haha.** Two years ago my wife and I started our side hustle, a subscription based product. Since that time we've slowly been building our reputation with great reviews and increasing our subscriber count. We've never taken money out of the company and have only put all earnings back in. Our profit is not huge but our growth this year has been close to 300%. Unfortunately, we both have full-time jobs and the businesses growth requires lots of time, mainly the delivery of products. We were in discussions on how to take it to the next level (by hiring a driver or courier service, I'd even considered taking leave) when we were approached by supplier about a potential acquisition. Long story short, they backed off initially as we were still a bit too small for them; however, we shifted towards building a partnership with an eye towards acquisition in the future. After our initial meetings on how to make that work, including providing them details pursuant to an NDA, they've moved back to a straight up acquisition but now with some recognition that we want some stake in the long term success of the company. The proposed deal includes modest cash to cover sunk costs and a percentage of shares in the subsidiary they will create to acquire our business. It also includes requiring our assistance as advisors for a fixed period (something we'd do anyway haha, it's our baby!). The initial consideration involved some sort of royalties over a fixed period, is this share option a better idea? We're big fans of the management, people, and company. They seem to share our passion to make this grow and definitely have the resources to make it happen. We couldn't be more excited but we also recognize we're still novices in the business world (I'm literally reading Traction and The Lean Startup two years into this thing! Doh!). Is there anything we should be wary of here or pay special attention to? What do you even do with shares in a private company (we've only ever had shares in our own)? We'll be consulting our legal counsel but sometimes the power of Reddit can uncover some hidden gems of an idea. Thanks in advance for any advice! [link] [comments] |
How would you market an app that is in beta? Posted: 26 Oct 2020 02:32 AM PDT We just launched iOS and Android apps into beta. Since the app is our first version and an MVP, it has very minimal functionality so it won't make sense to be fully on the app stores just yet and I think that Apple rejects those types of apps as well. So when it comes to this kind of situation, how would you try and get users? Thank you to those who do offer to give some useful advice! I'd love to hear from you whether or not you were in a similar situation on what you guys did to deal with this! :) [link] [comments] |
Posted: 25 Oct 2020 12:33 PM PDT Hi guys, Been looking to get involved in a start up for a while now and wanted to float the idea of renting out campervans. I live in Scotland so I doubt there would be a lack of demand, especially given the current pandemic we live it (staycations obviously being more frequent now). I have some capital that I could use to buy a small fleet of vans, do these up, create a brand and market this business. Any input is much appreciated - particularly from a business perspective (I have little business knowledge) Thanks, James [link] [comments] |
Advisory board before seed round Posted: 25 Oct 2020 11:50 AM PDT Hi Guys, I am a co founder of a start up in South Africa, there is 3 of us as co founders. We did a soft launch for our product 2 months ago and we have a few paying clients. We now want to raise a seed round for expansion and building a team. In your experience, does it help to have an advisory board of maybe 10 experienced executives sharing 5% of the business (can't afford to pay them in cash) at this point. Is this something that will scare investors off or will it give them confidence? If you think not, can you please advise on ways to around it. I will appreciate any advise. Thanks. [link] [comments] |
Engaging in Customer Discovery for Wildfire Building Technologies Posted: 25 Oct 2020 05:33 PM PDT Hi all, I am an engineer that is being thrown into the business world for the first time, so I could use some help. I am doing research at my university and my supervisor is thinking of turning our idea into a business. I am mostly looking for ideas of the types of people to talk to when developing a new building technology related to wildfires. I have already contacted fire and forestry departments, as well as construction/contracting companies. If any of you can think of any other types of folks for me to contact or have tips in general, that would be greatly appreciated. I am in an entrepreneurship class, so I have an academic education surrounding the subject, but maybe not some of the more nuanced stuff. I do need to talk to actual customers too, but I don't really know anyone in super wildfire prone areas :P so if any of you have tips on how to get into contact with random consumers from California, that would also be appreciated. [link] [comments] |
Questions about startup sales tools Posted: 25 Oct 2020 09:34 AM PDT Hi everyone, Now that our MVP is live, its a web app marketplace, we want to get smarter about our sales tools. We are decent at filling warm outbound leads but we want to ramp volume as some of our leads become flakey or our value prop does fit them exactly. I am wondering if there are any free options for outbound sales tracking and automation. Specifically, I want to track open rate, time of day and be able to automate my sequence emails. I've used expensive tools in the past which are awesome be we are not at the level to justify the big boys... yet Any advice would be appreciated [link] [comments] |
Examples of market validation/traction slides Posted: 25 Oct 2020 04:57 PM PDT Hi, Everyone. We are looking for examples of pre-mvp/pre-customer market validation/traction slides. We are working through a pre-accelerator right now and putting together a presentation pitch deck. We would like to make a market validation slide but aren't sure how to show what we have compiled so far in a presentation pitch deck readable way. thanks, Joe [link] [comments] |
Raising Angel as a B2B Bootstrap Startup - any Success Stories? Posted: 25 Oct 2020 08:14 AM PDT Well aware that that it is a startups job to "de-risk" the investment for a VC by having a strong team, showing traction, SAMs and SOMs and BILLs and TAMs, etc, etc. When it comes to being a B2B SaaS that is pre-revenue and the founders are all part-time bootstrap, does anyone have pointers on how they succeeded? One thing to raise Angel from long-standing connections, but any wins from founders who are pitching traditional cold connection Angels? How did you "de-risk" your startup when everything was evening and weekends (and even with Angel - would continue to be evenings and weekends)? [link] [comments] |
Where is the best place to find a Full Stack Partner in my startup? Posted: 25 Oct 2020 06:25 AM PDT I am a jack of all trades, I do marketing, coding, graphics, copy, and sales. However I want to launch in the next month or so. The platform already has a couple million in development, but it needs UI/UX and misc touch-ups as well as someone to keep things running smoothly when we are getting clients.
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How do you decide for yourself on pursuing a position in a startup? Posted: 25 Oct 2020 04:05 AM PDT After researching for a bit I have not found a distinct answer on how you should decide on pursuing being a CEO/CTO/CMO or any other position in the company? Do you need to get experience in each position to understand if it is for you? Do you need to like the responsibilities and tasks? I got invited into a brand new start-up and all of the positions are free, anyone here experienced the choice process? [link] [comments] |
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