Startups Wednesday Social Club - Share What Events You Are Attending This Coming Week |
- Wednesday Social Club - Share What Events You Are Attending This Coming Week
- For those who have sold, what was the acquisition process like for you?
- Looking to gain feedback/recommendation on Director of Sales/Growth role (Churn Problem)
- Celebrity use of my product
- My Product Name Include Windows. Is This Bad?
- Tech founders: what stack do you use and why?
- Understanding offer from startup, esp. equity
- Hardware startups, wtf do we do?
- Considering bringing on a 4th person on for the founding team, and I’d like some advice
- What to do with 401K/HSA when you leave your job to start your company
- Any advice for working with freelance designers?
- Good place to find under/grad biz/entrepreneur, students for tech startup?
- How to get more 5-star app reviews
- Manufacturer bulk orders wrong materials before approval?
- Playbook for consumer apps?
- Moving Company
| Wednesday Social Club - Share What Events You Are Attending This Coming Week Posted: 30 Dec 2020 05:05 AM PST Welcome to this week's Social Club thread.Share what events and meetups you are going to so we can discover new ways to be social together offline and help grow your local community. Focus on sharing events that are happening within the next 7 days of this date of this submission. Anything that falls outside of 10 days will be removed, no exceptions. No duplicate posts. If you happen to be attending an event that is already posted, leave a comment to inform the community that you will also be there. If you are hoping to organize something on your own, outside of an existing event, feel free to use this thread to rally some people together to meet up. Please use the following format to share an event: Event Name and URL: Location: Event Date: Event Time: Event Description: Event Cost: Discount Code: [if applicable] Please use the following format to organize people to meet up together: Location: Purpose of getting together: Suggested Places to meet up: You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| For those who have sold, what was the acquisition process like for you? Posted: 30 Dec 2020 09:24 AM PST Hey everyone, long time lurker here and found a lot of the information in this subreddit helpful during my startup journey. With that said, 3 months ago, I was fortunate enough to have my 1st startup acquired after a grueling 5 years. 😵 I started talking to other founders who got acquired and realized their experience was different from mine. So I wanted to share what my acquisition process was with you all, and am hoping to hear from others as well. 🙂
This is all very high level, there are so much little details, but I hope this helps you all to some degree! In any case, for those who have sold, what was your acquisition process like? [link] [comments]  |
| Looking to gain feedback/recommendation on Director of Sales/Growth role (Churn Problem) Posted: 30 Dec 2020 09:12 AM PST Hi everyone - I hope the day is going well. I recently landed a director of sales/growth role at a rapidly growing SaaS company and our goal is to double our revenue and break $1mm this year. So we have an opposite problem that many startup companies face; we have an abundance of clients utilizing our platform (sales has a steady flow) but we, however, may not understand the relationship our client has with the platform (churn rate has a steady flow). The best analogy I thought of today is how our platform currently operates like an overflowing sink with fish in the bowl. The faucet is steadily pouring "water" into the bowl, the "drain" is halfway open/closed, and the "fish" will, eventually, go down the drain or be rescued by our team. Water = Sales/Leads Drain = Churn Rate Fish = Active Clients The biggest issue is our churn rate. And it's not that our customers are dissatisfied, it's that they use our platform for only one needed purpose and then leave once completed. I believe that the main focus is to ensure we are capitalizing on our active client base while the relationship is warm and engaged. Currently, we are engaging with our active clients and identifying: --If they are utilizing our platform as a team management and collaboration tool or more for single, individual use. --Further selling points and introductions to decision makers (selling to the whole organization/multiple seats). --Build stronger relationships and become "sticky" in an organization/companies daily operation and structure. --The overall knowledge that the clients may have on the true power of the platform (can be utilized for all marketing, sales, on-boarding, strategic development efforts). What we are trying to accomplish: Our goal is to become "sticky" among our customer base. We speculate that our churn is high because we have many individual users rather than team-based customers. So, I guess my reason for reaching out is to hear some best practices or recommendations on how others have gone from having their customer base become more focused on selling to teams as a whole vs. individual customers. Things I have done (so far): --I sort out business emails that have already have AT LEAST one paying seat. From there, I call (if a number is provided) or email each customer and try to schedule a demo call. ----During that process of a demo call, I learn more about their team size, how they intend to use our platform, etc. --Email campaigns to active client base --Began outreach to accelerators, incubators, cohorts, higher ed. Institutions for larger partnership opportunities. Tools: --Pipedrive --ChartMogul (highlights our newest customers, churned customers, renewing customers within 7 days, free trial signups). Again, our goal is to shift to more team sales (multiple seats) rather than individual sales. A super good article that explains what we are trying is: https://sacks.substack.com/p/individuals-or-teams-whos-the-better I hope I explained the situation well enough and I would love any constructive feedback. -Brian [link] [comments]  |
| Posted: 30 Dec 2020 02:54 PM PST Hey all. I celebrity just used my product in their social media post to millions of followers but didn't tag me (no reason for her to but I'm just saying). I have reposted everywhere, dm'd them and called their agent in Beverly Hills (left a message) in an effort to connect in any way possible. Any recommendations on how else I can use this exposure? Thanks! [link] [comments]  |
| My Product Name Include Windows. Is This Bad? Posted: 31 Dec 2020 01:26 AM PST We've developed a Windows 10 app to restore browser sessions, tabs, and desktop apps, you can also set display sizes of different apps and reopen any saved apps in seconds. Our app name is SmartWindows. The word Windows can affect somehow the app? [link] [comments]  |
| Tech founders: what stack do you use and why? Posted: 31 Dec 2020 12:43 AM PST I assume every startups wants to build something as fast as possible, be scalable and not use some legacy framework/technology. What's your sweet spot on both frontend, backend, DB? Something older (and therefore more mature) or something new, fancy? My hypothetical stack would be something like Vue, ExpressJS and PostgreSQL. [link] [comments]  |
| Understanding offer from startup, esp. equity Posted: 30 Dec 2020 04:07 PM PST I've seen a similar post before in this forum, so thought I'd go ahead and ask my own question here (current = throwaway). Let me know if I should take this elsewhere.
I was told that I made a great impression on the founders + my domain head, and the role will be actively involved in the process the company's subsequent margin growth. That seems a little at odds with the offer they're making here. I'd love your feedback to help me center my understanding of the offer in terms of equity/compensation, and maybe what they're trying to do with the title change. Thanks for your help! It's much appreciated. [link] [comments]  |
| Hardware startups, wtf do we do? Posted: 30 Dec 2020 10:33 PM PST So i'm quite frustrated at where I am, and what I can do next. Where I am:
So unlike software, I don't believe that Hardware can make traction (Paying users wise), and I would need investor funding to foot initial manufacturing cost. I would love to take my design to Kickstarter/Crowdfunding, but even my current MVP looks shitty (Sure it's 3D printed, but it's not perfect) So, do I keep pushing for more investors? Essentially selling them on a concept? Or what is the Golden line that I ought to reach until I can be much more serious in my funding? Because I just feel so naked when talking to investors and all assumptions are being made. So thoughts? [link] [comments]  |
| Considering bringing on a 4th person on for the founding team, and I’d like some advice Posted: 30 Dec 2020 05:26 AM PST Edit: Please excuse the redundant title text haha Hi, everyone! I hope you all have enjoyed your holidays so far, and I'm hoping you all here could help me out with seeing things from a different point of view or reassuring my current one. Up front, I'm sorry because this will be rather long. Currently, we are a team of 3 developing a B2B2C tourism & travel marketplace application, and we are just 1 month away from the launch of our MVP. We have already received a nice amount of investor interest at our stage, and our market traction with businesses so far has been very good. Our potential customer validation has been quite exceptional as well, so we're doing pretty solid with where we are. With all of this said, one of my partners has raised the idea of bringing on the owner of one of our early business adopters as a member of the founding team. As it stands, this person would bring over 20 years of experience in the industry with him, someone who has successfully built 3 strong companies and helped establish many others (though, these companies weren't companies to the scale of a startup's potential), and he has quite a lot of connections in industry especially with other businesses. He's already helped us out quite a bit with connecting us with other businesses, helping us test our features, and more, and I myself have even become decent friends with him from a professional standpoint. He has even offered to help us market our startup through his businesses, which we were simply dumbfounded and honored for that. Currently, I am indifferent on it. I believe with all the help he is already giving us that it may not be necessary to bring him on board the team as a full on partner with equity, but with him already doing so much, it may simply just be right to do so. My partner disagrees on the former in that the investor pros and industry knowledge could be a possible big benefit to us if we brought him on the founding team, but you all may have differing opinions than us on this matter. I'd love to hear what you all think, and I've listed out what I think might be a nice pro/con list. Though admittedly, some of them may be made in ignorance, so do correct me if anything comes across as ill-informed. Pros:
Cons:
[link] [comments]  |
| What to do with 401K/HSA when you leave your job to start your company Posted: 30 Dec 2020 10:23 AM PST Hi Everyone! Currently I am juggling my full-time job and my startup. I'm about to leave in the next few weeks. I was wondering what people usually do with the 401K/HSA when they leave their employer to start their business. Any idea/tips/things to keep in mind is appreciated :) Thank you in advance! [link] [comments]  |
| Any advice for working with freelance designers? Posted: 30 Dec 2020 09:33 AM PST I started a custom print-on-demand project earlier this year and have just been approached by a large store to display our work. As wonderful as this is, I'm terrified of going wrong when it comes to bringing people in and depending on them. Especially remotely. I was depending on one designer but I know he wouldn't be interested in coming in full time. Has anyone had to expand their design team quickly before? Where did you find them and how did you negotiate their rates? What's the payment schedule usually like? How do you send them the orders? Have you automated? Anything you recommend I keep in mind? Thanks! [link] [comments]  |
| Good place to find under/grad biz/entrepreneur, students for tech startup? Posted: 30 Dec 2020 06:57 AM PST Where's a good place to find a couple tech-savvy undergrad/grad business school students for paid internship? I'm looking for help for a tech startup community running startup pitch competitions, conduct startup research, etc. startup ecosystem type stuff. I've looked into online college recruiting sites but haven't had a ton of luck finding good students. Thanks in advance. [link] [comments]  |
| How to get more 5-star app reviews Posted: 30 Dec 2020 05:22 AM PST - When you remind users to review your app, avoid disrupting the user experience. [link] [comments]  |
| Manufacturer bulk orders wrong materials before approval? Posted: 29 Dec 2020 10:04 PM PST After a long time with print-on-demand, I am finally graduating to a cut-and-sew manufacturer. I was disappointed with the images of the samples their representative sent me, seeing the fabric doesn't seem to match my reference photos or descriptions at all. I am extremely skeptical when he said they have already bulk ordered the fabric. As I am new to this, I'm not too familiar with the typical protocol. Is this normal? Was it up to me to specify NOT to bulk order until I approved samples? I understand certain things like hardware require bulk order and cannot necessarily be included in the sample--that's fine--but I at least expected to choose from example images as materials are sourced from various suppliers. Perhaps this is normal for fabrics? I regret that I didn't specifically request to see or recieve a swatch of fabric before the samples were made, but I didn't think they were bulk ordering materials before approval. I'm now insisting on seeing what drawstring cords/hardware/ribbing they're sourcing before bulk ordering, worrying they aren't to my specifications either and hoping they haven't done so already. If it turns out it was up to me and this is normal, I'm alright with accepting the fabric issue as an expensive lesson. The longer I write, the more I wonder if I'm being naïve. Thank you for your input! [link] [comments]  |
| Posted: 29 Dec 2020 03:27 PM PST Hi fellas, I'm starting to work on a consumer solution, and I'm looking for literature/documentation on how to best bootstrap a consumer app. I found lots of literature about B2B SaaS as they're trendy these days, but not that much regarding consumer apps: do you have any insights? Thanks!🙏 [link] [comments]  |
| Posted: 29 Dec 2020 03:07 PM PST Hey guys; I'm in the final stages of planning for a moving business to run while I continue my education in school. I want to turn it into a turn key operation as fast as I can, which means hiring trustworthy people. My biggest problem is since it's start up, I have no clients or contracts. How do I attract quality talent without the workload Or Should I reject customers saying we are not available right away until I can get a back log of orders and once I have enough work then look to hire. I have looked at -Insurance -Cargo insurance -used 16ft cube vans -wages of 20 an hour -10 g for website design -10 g for annual SEO My Conclusions are it's profitable and I only need 60 small moves to pay for my fixed costs. This also includes my profit I make off the labourers. Any advice is appreciated! [link] [comments]  |
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