Startups For startup employees, what are the leadership qualities that you appreciate and admire when it comes to your company's founder(s)? |
- For startup employees, what are the leadership qualities that you appreciate and admire when it comes to your company's founder(s)?
- How to price your idea to your first client and how to explain that pricing
- Is there any way to market an android app for free?
- Could a worse looking webpage give a clearer read on how compelling a product is?
- Advice on transitioning from an academic setting to an early phase startup?
- How can founders prevent possible future inactivity from other founders?
- Potential startup advisor co founded and exited a similar startup
- Testing if people will pay for a SaaS Game with limited levels
| Posted: 09 Jan 2021 12:46 PM PST Have you worked for people that have made you feel compelled to get on board with the companies vision or people who have made you feel passionate about the work you were doing? In general, what were the qualities that made this the case? If you are able to contrast this with less positive experiences, what was different? [link] [comments]  |
| How to price your idea to your first client and how to explain that pricing Posted: 10 Jan 2021 01:40 AM PST Hey guys, I am running a small company that compares energy provider deals for the end customers. Also we have the option if you select a energy provider to generate a contract and sign it digitally which we send to the energy provider. (We can be certain that the energy provider has a client for 1 year) In my country we are first of our kind. We have 2 types of clients - energy providers which pay us and companies who use our service. In order our marketplace to work we need energy providers. So we found our first energy provider but he wants to know what do we charge. Our pricing model is simple we charge for every customer that becomes a client to the energy provider a small percentage fee of his monthly electricity bill. We are self bootstrapped and we are doing everything for fun because its interesting. We have never thought about money or getting to this point. One more thing in other countries such as England or Germany those types of services charge up to 30% of the monthly bill. We are planning to do business in the Balkans. ( 30% is not possible, margins are low). As far as I know energy providers profit from a customer around 7 euro per month. We provide them a customer for a whole year. So my question is how should I price my service, what should I take into consideration. I am thinking about 15% from the monthly bill single payment up to a max price. lets say customer a has a monthly electricity bill of 40euro.We take a single payment for providing our service 15% of 40euro = 6 euro. What happens if the user has 40+ euro monthly bill ? Where should I say its our limit of price ? Is the pricing model correct ? How do I explain this to the client ? Our costs are low, where do we draw the line and say we don't want more profit ? What should you think when you price your idea ? Thank you for your help. [link] [comments]  |
| Is there any way to market an android app for free? Posted: 10 Jan 2021 01:05 AM PST I have recently created an app and currently, it has 5k downloads. Is there any way to increase the number of downloads by marketing it free? Here is my app on the google play store if you want to learn about it https://play.google.com/store/apps/details?id=com.markOne.ss_app [link] [comments]  |
| Could a worse looking webpage give a clearer read on how compelling a product is? Posted: 09 Jan 2021 10:22 PM PST I'm trying to test the demand for an idea (rentable high tech brick & mortar spaces for tabletop gaming) I've been kicking around. I commissioned a 3D model of the space from my girlfriend ($200), built a very shoddy Squarespace website in a day ($20), and bought $50 of Facebook ads. The webpage asked people to submit their city and email address so that we could use the data to determine where our first location should be. In one day, after $50 of spend, I got 240 clicks, 350 visits on my webpage (110 organic), and 10 signups on my website form, so a 2.9% conversion rate - which I'm slightly disappointed about. I have a strong suspicion this has to do with the low quality of my website, as I have no website design skills to speak of. The form is at the bottom of the webpage, which you have to scroll all the way down to get to. However, a budding counter-argument in my head is this: The goal of this test is to demonstrate product-market fit through initial interest. If there were truly a highly motivated group of users that loved the idea, they would sign-up and leave comments even if the website doesn't look amazing. Does this make sense? Should I interpret these results as a non-starter, and move on? Or perhaps should I invest a bit more money into getting a nicer website built, and try testing again? [link] [comments]  |
| Advice on transitioning from an academic setting to an early phase startup? Posted: 09 Jan 2021 01:27 PM PST I'm about to join a self-funded biotech startup as an early member, coming from an academic background. MVP was developed in an academic setting and my role will be in establishing and scaling up part of the product development pipeline, with a look forward to running those departments as they scale up. While using similar pipelines, the product for each client is different, requiring tailoring of processes to the question being asked by the client. They've already made sales and their expectation is for rapid growth. Coming from an academic setting, the scale up and management aspects are somewhat out of my wheel house. I'm wondering if anyone else has been in a similar situation, and if so what did you wish you knew before you started? What were road bumps that you overcame during early growth? Or any reading to recommend? [link] [comments]  |
| How can founders prevent possible future inactivity from other founders? Posted: 09 Jan 2021 07:53 AM PST Founder [A] stops being productive after [X] years. Gets comfortable with the current income and doesn't contribute to the company's growth as it feels like extra work and stress. Other founders and the company in general suffer due to this obviously. What are the precautions to deal with this? I understand that this scenario can happen whether you start the business with friends or strangers. What can all of us founders do in the infancy of the company, so that we have tools in advance to "punish" Founder [A] in the future. Is vesting the only option? [link] [comments]  |
| Potential startup advisor co founded and exited a similar startup Posted: 09 Jan 2021 03:46 AM PST So I am thinking of talking to a guy who co founded and exited a startup in the same domain as mine. Moreover, his exited startup and mine will likely become competitors in some sense if I continue going forward. While there is an obvious advantage in talking to this guy because he has in depth first hand knowledge of the industry, there might be a clear conflict of interest. Although he seems to be no longer officially associated with his startup, it's likely he is friendly with the top leadership there. Also he would obviously have a stronger bond with his ex startup and than mine and still would want it to succeed further. So involving him as an advisor poses a dilemma. What if he takes some idea I mention and informally conveys it to his friends at his own ex-startup ? What do you guys this ? [link] [comments]  |
| Testing if people will pay for a SaaS Game with limited levels Posted: 08 Jan 2021 06:18 PM PST Hey startup people! I'm about to launch a beta for a SaaS product that helps people overcome anxiety. It's gamified -- so users level up and unlock new skills when they make progress and overcome anxiety. I've only built the first 4 levels (3 which are free) for the beta because I'm trying to validate whether people will pay or not. But when they get to the 4th level, I ask for a subscription to keep growing. Of course, new unlocks take time to develop. If/when they sign up for the paid plan and reach the 5th level, how do I communicate that the beta is over and we'll need time to develop? If I'm using a product to grow, I'd be pissed if they were like "Ok we're going away for a few weeks". Any help is appreciated! [link] [comments]  |
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