How I raised $300k in funding by sending one message on Reddit Entrepreneur |
- How I raised $300k in funding by sending one message on Reddit
- I realized for sure Entrepreneurship will be my future.
- This is why I stopped saying “I’ll sleep when I’m dead”
- Is it ok to message a mentor on a weekend?
- Are there any young entrepreneurs around my age (18-22) here who wanna chat and motivate each other?
- Can I ask an Alibaba supplier to make a small design change to an existing product?
- Get Ready for the Ripple Rocket
- Top Marketing Metrics That SaaS Businesses Should Track
- What is the best way to promote a paid mobile app?
- Looking for problems in web security because I am building a SaaS service around it
- BlueChip - invest in yourself - Rival current currency and stock market systems
- Do you use recruiters or do managers hire directly?
- What books helped you with your start-ups?
- Website Builder Advice
- How to pitch a buisness idea?
- Why would someone let a successful business die?
- Yahoo Finance - AMC Entertainment (AMC) Moves to Strong Buy
- Would you pay for weekly fact checked articles sent directly to your inbox?
- I have a iteration on a existing product
| How I raised $300k in funding by sending one message on Reddit Posted: 30 Jan 2021 04:09 PM PST If you're an entrepreneur you've probably attempted to or at least thought about using Reddit to promote your startup. I don't use Reddit to reach customers, but I wanted to tell you how I managed to raise $300k in seed funding for my startup by sending a single PM on Reddit. I was running a bootstrapped startup. I had a good product that my users liked, and I was growing but not quickly enough to be satisfied. I wasn't planning on raising money from Reddit, I wasn't planning on raising money at all. I was browsing one of the usual startup related subreddits and I came across a comment from a founder that was describing the state of his startup from a few years ago. I was immediately compelled because he could have been describing the state of my startup. The similarities were striking, except for one thing. He made a fundamental shift in his business model that propelled growth and led to a 9 figure acquisition. I knew I had to speak to him. I wrote a message describing the state of my business in detail, from the parts that are good to the parts that are bad. I sent it to a complete stranger fully expecting to be ignored but hoping for some valuable advice. To my surprise, I received a quick reply with some actionable advice that had an immediate impact on my business, and even interest to invest. A few calls and some light due diligence later I have an experienced investor who is active in advising my startup and $300k in the bank without so much as creating a pitch deck. TL;DR: Social networking is networking. Find people who are where you want to be, send them a message with a brutally honest overview of where you are, ask for help, and know the best you can hope for is some solid advice. If something more comes from it, then so be it. PS: My startup is Job Board Fire and we're looking for some kickass salespeople to join our team. Check out this post on r/forhire for more info. [link] [comments]  |
| I realized for sure Entrepreneurship will be my future. Posted: 31 Jan 2021 02:19 AM PST I'm 17 and I own a Shopify store I opened that sells clothing and stuff for meditation. I also have a Job at Walmart. Today at around 9:50ish, right before I was about to clock out, I got a sale on my store. That notification saying I've made a sale motivated me and made me happy much more than I ever felt working at Walmart. I can't continue to slave away at this job. I NEED entrepreneurship to search for the next business venture. I desire freedom and I can't get it here. But I have to stay for now. That's okay. [link] [comments]  |
| This is why I stopped saying “I’ll sleep when I’m dead” Posted: 30 Jan 2021 06:41 PM PST If you haven't read "Why we sleep" by Matthew Walker I highly recommend you to do so. After finishing his book, my relationship with sleep changed dramatically. Before I was barely sleeping more than 6 hours every night and for most of the time I was a total walking and talking wreck (not even sure this is English accurate haha). I'm not going to tell you too much about the 3 stages of sleep (deep, light, and REM), but I will tell you this. Deep sleep - helps us store and remember information Light sleep - helps us learn new information REM sleep - helps us to make sense of that information. For the people here that usually stay up late to catch up on things, there is an experiment done by Walker where he invited 2 groups of students into his lab. One group pulled an all-nighter while the other group had a full night of sleep. The next day, around noon, the 2 groups were asked to study the same set of facts. After allowing them to get 2 full nights of sleep, the 2 groups were tested to see how many facts they managed to remember. The all-nighters recalled 40% fewer facts than the ones who got a full night of sleep before the test. Remember this number 40%!!! For anyone struggling with getting enough sleep, both in quantity or in quality here are some quick ways to improve this:
Hope this helps all the sleepless people out here. And for the ones that haven't yet read "Why we sleep" by Matthew Walker, you should definitely consider reading it. [link] [comments]  |
| Is it ok to message a mentor on a weekend? Posted: 31 Jan 2021 01:29 PM PST I connected with a mentor on LinkedIn, and would like to ask him for a portfolio review. would it be wise to send the message on a Sunday or wait until Monday? [link] [comments]  |
| Are there any young entrepreneurs around my age (18-22) here who wanna chat and motivate each other? Posted: 31 Jan 2021 12:51 PM PST I'm feeling unmotivated recently because of the lockdown here in the UK, so I've been kinda unproductive. Anyone here my age who wants to chat a bit and motivate each other? [link] [comments]  |
| Can I ask an Alibaba supplier to make a small design change to an existing product? Posted: 31 Jan 2021 10:55 AM PST So, I have a unique product idea. It is a VERY simple physical product, with many sellers of the type of product already on Alibaba. I simply want the same as exact product, but in a slightly different shape. Is this something I can ask an Alibaba supplier to do for me? ... I want to get in contact with them, and have them send me a sample of the product in a slightly different shape [link] [comments]  |
| Get Ready for the Ripple Rocket Posted: 31 Jan 2021 01:31 PM PST Hey guys Ripple is going to shoot up. It's on reddit.com/r/WallStreetBets right now. just a matter of time before people figure out how to purchase it. Might as well use my link. LOVE YOU ALL! GET RICH! Hey guys check out Ripple right now it's on wall street bets on reddit's radar right now. Anyways if you would be so kind as to use my referral link Id be greatly appreciative. Donate to my Ripple Wallet: rns3VyLYcjHRvibg4CgesggLGq38oyAH4N https://switchere.com/?r=d5qwox3sze6i<----Referral Link Plz help a buster out. [link] [comments]  |
| Top Marketing Metrics That SaaS Businesses Should Track Posted: 31 Jan 2021 09:24 AM PST full post: https://hockeystack.com/blog/top-marketing-metrics-to-track 1. Time spent on siteMarketing, especially content marketing, is all about value. If you believe that you can give value and people who engage with your content see value in it, then you are on the right track. The best way to track this is time spent on site. If your visitors see the value, they will spend more time on your site. 2. Bounce RateIn short, a bounce happens when someone sees your home page and just leaves. Your goal should be to keep your customers as long as possible. To achieve it you can add links to other articles on your content. If your users click on the article you link on your content, the bounce rate will decrease while time spent on site will increase. 3. ChurnChurn is the number of SaaS customers that cancel their recurring revenue services. People are hiring experts to measure churn and their reasons nowadays. It is really important because according to statistics: It will cost you 16 times more to bring a new customer up to the same level as an existing customer. As a matter of fact, the more customers a business retains, the more revenue it makes! For example, the Harvard Business School report claims that on average, a 5% increase in customer retention rates results in a 25% - 95% increase in profits - 65% of a company's business comes from existing customers! To calculate the churn rate, you can take the total number of customers you lost in the month you're reporting on. Divide that by the number of customers you had at the beginning of the reporting month. Then, multiply that number by 100 to get the percentage. For example, if you lose one customer in a month that you started with 100 customers, that would equal a churn rate of 1 percent. 4. Customer Lifetime Value (CLV)Customer Lifetime Value (CLV) is the average amount of money that your customers pay during their total time of engagement. To calculate CLV, first, you will need to calculate your Average Customer Lifetime. To do this, take one divided by the customer churn rate. For example, let's say your monthly churn rate is 1%. Your average customer lifetime would be 1/0.01 = 100 months. Then you need to multiply Average Customer Lifetime by your average revenue per account (ARPA) over a given period. To do this, take your total revenue divided by your total number of customers. For example, if your company brought in $100,000 in revenue last month off of 100 customers, that would be $1,000 in revenue per account. Customer lifetime value depends heavily on the customer experience you offer to your customers. Here you can see how Discord's tactics to offer a top customer experience and beat their competitors, such as Slack. Finally, this brings us to CLV. You will now need to multiply customer lifetime (100 months) by your ARPA ($1,000). That brings us to 100 x $1,000, or $100,000 CLV. 5. Customer Acquisition Cost (CAC)Customer Acquisition Cost (CAC) is the amount of money that costs for you to acquire a customer. To calculate CAC, you need to calculate all your marketing spending and divide it by the customers you acquired during that period. If you spent 250 Dollars on marketing and acquired 10 new customers then your CAC is 250/10 = 25. [link] [comments]  |
| What is the best way to promote a paid mobile app? Posted: 31 Jan 2021 08:47 AM PST The app is currently new with 0 sales and it costs $1.99. Tell us about some creative ways you've used to promote your paid app. [link] [comments]  |
| Looking for problems in web security because I am building a SaaS service around it Posted: 31 Jan 2021 08:47 AM PST We are exploring out Acunetix and researching on other products so I thought most obvious thing to do is ask users directly. Will you share some of the pain points which solved would make your life easier? Take care. [link] [comments]  |
| BlueChip - invest in yourself - Rival current currency and stock market systems Posted: 31 Jan 2021 07:34 AM PST We are creating a new market that allows users to invest in themselves. It takes an interesting spin on social media that eliminates all the toxic time wasting aspects and replaces it with a new market system allowing users to buy and sell "chips" in each others page. Opportunity for large payoffs and consistent growth while remaining liquid! We are currently in the final stages of our development stage and are close to launch! Trying to regain power from banks and the current stock market system. Comment for questions and more information. [link] [comments]  |
| Do you use recruiters or do managers hire directly? Posted: 31 Jan 2021 07:23 AM PST To those of you in startups, are you using recruiters (internal or external), or do founders and other leaders spend a decent chunk of time on hiring? The reason I ask is that I'm working on a side-project, and I may need to pivot to a different buyer. I'm aiming to reduce the wasted time and annoyances in the hiring process by matching pre-vetted candidates to jobs that align to their skills, salary expectations, and employer preferences. I'm currently focused on Python developers for remote jobs. They love the idea and have signed up in droves. But corporate recruiters were rather negative on the idea--they felt like it's doing their job for them. So, I'm wondering if targeting team managers in startups would be more fruitful. You can take a look at If Then Job. I just started getting it out into the world, so I would be interested in feedback and suggestions from fellow hustlers. [link] [comments]  |
| What books helped you with your start-ups? Posted: 30 Jan 2021 11:28 PM PST |
| Posted: 30 Jan 2021 10:04 PM PST So I just got my llc and ready to launch a website for a business I've had for about a year now I'm decently computer savvy but I've never built a website Would I be ok building my own site with WordPress/WooCommerce or should I just spend the money and have a basic one built for myself and hire a developer? If so what would be a good price when hiring someone? Thanks [link] [comments]  |
| Posted: 30 Jan 2021 06:09 PM PST Hey guys! So I have a really good buisness idea that I would like to be able to pitch to someone in a position thats able to actually make it happen in exchange for partial ownership of the buisness/permanent position in the buisness. Its something that anyone I've talked to about, told me that its an amazing idea that has the potential to make millions. Could you guys give me some advice on how I would find, contact and propose to the right people? The buisness idea is for someone in the cannabis industry. [link] [comments]  |
| Why would someone let a successful business die? Posted: 30 Jan 2021 11:29 PM PST I have seen some small businesses that looked wildly successful or on their way to be. Some of them my competitors and then just all of a sudden they drop. Customers start complaining why orders are taking so long. This starts building up on all their social media and then that's just it. The owner doesn't bother responding or even starts blocking customers on social. Sometimes even lashing out at customers for asking where's my order. I mean at least keep the business alive and sell it for a pretty penny or say a farewell message. [link] [comments]  |
| Yahoo Finance - AMC Entertainment (AMC) Moves to Strong Buy Posted: 30 Jan 2021 09:00 PM PST AMC Entertainment (AMC) Moves to Strong Buy: Rationale Behind the Upgrade "AMC Entertainment (AMC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy)" https://finance.yahoo.com/news/amc-entertainment-amc-moves-strong-170005657.html [link] [comments]  |
| Would you pay for weekly fact checked articles sent directly to your inbox? Posted: 30 Jan 2021 06:08 PM PST I am a 16 year old currently trying to validate the product idea for my first big project. I got the idea from a user asking "what is a service you would pay for" , in response another user said "I would pay for fact checked articles sent directly to my inbox weekly". It is widely excepted that misinformation is a huge problem on the internet, but it doesn't seem to be addressed well enough, nor with proper convenience. The weekly newsletter buisness model is also booming currently. My plan is to offer weekly fact checked articles directly to your inbox based on topics of your choice such as business, finance, and politics. So my question is, would you, and for how much would you pay for a service like this. Any other advice for a 16 year old founder would also be very much appreciated as I want to learn as much as I possibly can. I build out a small landing page [whatrue.com](whatrue.com) on google sites. Let me know what you think! [link] [comments]  |
| I have a iteration on a existing product Posted: 30 Jan 2021 04:39 PM PST So I'm just an average joe with an idea and a 3D printer, My idea is a product thats used for virtual reality games, the basic idea already exists but my iteration is better in every way and I feel its unique to what already exists. So my question is can I patent a iteration on a existing product? I have a product that works and have given it to friends that also have the product that already exists and from the feedback its a game changer and a much better product, so what now? Thanks for any help!! [link] [comments]  |
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