Startups Make /r/startups Suggestions For 2021 | Join Our Discord Server |
- Make /r/startups Suggestions For 2021 | Join Our Discord Server
- Share your startup - January 2021
- Incentivizing part-time contractors/advisors for a micro-saas
- How to properly calculate MMR
- Novice here: When and When Not to Use a CDN?
- What keeps entrepreneurs from expanding?
- How to recurring paying users? solo web-dev startup.
- Pre built dropshipping website
- Struggling with Entrepreneurship and Startups as 22 year old.
- Does creating a landing page to collect emails from customers without having a product really work?
- How to present an Augmented Reality demo without being copied ?
- Our CEO tries to do everything himself
- Partnership question
- Finding a business partner - how to advertise, and how to pick?
- First terms on a SAFE agreement
- Pricing for entire database
- Can Startup CxO positions make a college student overqualified?
| Make /r/startups Suggestions For 2021 | Join Our Discord Server Posted: 02 Jan 2021 10:31 AM PST While the Moderation Team is slowly restructuring our automated posts, now is your chance to make suggestions in the comments or by using the surveys below.
Keep it civil. Keep it respectful. The rules are still in effect. -------- AMA suggestions (we would like to be doing a consistent schedule of AMAs this year): https://goo.gl/forms/gDwtn6kPjcvMk2Jj1 -------- Join the /r/startups Discord: We have been doing multiple weekly Office Hours with mentors, have a variety of focused channels to support you along each step in the process, and a more ways to engage with one another as a community. [link] [comments]  |
| Share your startup - January 2021 Posted: 02 Jan 2021 11:50 AM PST r/startups wants to hear what you're working on! Tell us about your startup in a comment within this submission. Follow this template:
---------- Join our discord for instant chat, advice, and emotional support! ---------- 1 Startup Life Cycle Stages (Max Marmer life cycle model for startups as used by Startup Genome and Kauffman Foundation)
If you are running a traditional business that is not designed to scale rapidly, feel free to reference a traditional business life cycle model and share what traditional business life cycle stage you are at. [link] [comments]  |
| Incentivizing part-time contractors/advisors for a micro-saas Posted: 02 Jan 2021 11:43 AM PST So of course this is going to be a little vague, so I'm not expecting exact answers-- just your general sense based on the below: I'm working on a micro-saas (ie lifestyle saas). I think in the absolute best case scenario, maybe in 4-5 years this saas could be doing 2M a year and get acquired for 5X revenue (absolute best best case scenario, of course it's likely it ends up worth $0). I have some contractors I've hired. Basically they're experts in this given industry and are helping me develop the product road map, test features, find pilot customers, work on marketing for this niche, etc etc. I'm paying them cash now, but would like to give them some sort of upside. An easy one would be some kind of referral fee for any sales/referrals they can provide at this early stage (was thinking some percentage of the monthly subscription each month for X months) beyond that... Given that this venture doesn't have the possibility of reaching unicorn status, given current projections, it doesn't seem like stock options are a good strategy for anyone (too much work to manage for the business and not a good deal for the person receiving the options). Would you concur? Is the only other route some kind of profit sharing? I like this because it's relatively simple (compared to options) and can be implemented without messing with the current LLC setup. Also, if they decide to leave the company, profit sharing ends for them at the end of that quarter (or whatever the terms are). So you don't have to worry about a bunch of share holders who aren't really involved in the company anymore. I know the simplest option is probably just to pay cash, but I want to at least hear some opinions about other options. Has anybody else with a small saas done profit sharing? options? founder equity? How is that working out? [link] [comments]  |
| Posted: 02 Jan 2021 03:43 PM PST We sell 1 product with 3 recurring subscription duration - monthly, quarterly and yearly. With different set amount of discount based on duration. Part of yearly revenue we add them all up, but for calculate MMR should we include monthly + yearly/12 + quarterly/3? What is best practice for MMR calculation? [link] [comments]  |
| Novice here: When and When Not to Use a CDN? Posted: 02 Jan 2021 11:29 AM PST Alright, so I'm creating my first POC for a product I am building. As of now, I am creating this project as fast as I can to create a demo in React/Nodejs-Postgress stack. I will be deploying this to Heroku as I found this to be the simplest and easiest for a small scale startup project and yet scalable. ( if there is a better alternative please let me know.) One thing I have been wondering is, my project allows users to upload pictures like profile pictures and what not to the website. As a small scale startup, should I be using a CDN for this type of picture content? If so what would you say is the best startup-friendly preferably free at the beginning and scalable later. Thank you all so much! [link] [comments]  |
| What keeps entrepreneurs from expanding? Posted: 03 Jan 2021 01:59 AM PST Hi everyone! Recently I am trying to figure out what keeps an entrepreneur stuck at the same revenue level for a long time. Let's say you are making 100-150k/year. What is stopping these entrepreneurs to push for 250k/year and more? I am sure that the majority wants to make more but why they stay put. All your wisdom is welcome. Let's talk about it. [link] [comments]  |
| How to recurring paying users? solo web-dev startup. Posted: 02 Jan 2021 10:06 PM PST So I had an idea for a fun little entertainment website, like a combination of 4chan and quora, and straw poll. I ended up slowly building and hosting it, and it had a bit of traction in that it had about 100 recurring users daily, but to get to that number It required me to every day make posts on Reddit, 4chan etc, directing people to come to the website. Eventually, I stopped promoting it to see if it could 'fly' by itself, and it promptly fell to 20 users, and then 0. As a sole tech guy, I know how to build and run a website, but I have no idea about how to market a social 'fun' website like this, and how to get a critical mass where people use it daily without me constantly having to promote it daily. I've been leery about things like Facebook or Reddit ads simply because I'd never click on them myself. Anyone have this issue, or any idea how to get over this problem? [link] [comments]  |
| Pre built dropshipping website Posted: 02 Jan 2021 08:48 AM PST Looking to buy one of these from a source for about $300. How do i find a good niche and how do i find the hottest selling products people are buying in that niche? After i buy it what do i need to do to succeed? Any advice and all advice is appreciated, thanks and happy new year! [link] [comments]  |
| Struggling with Entrepreneurship and Startups as 22 year old. Posted: 01 Jan 2021 06:27 PM PST Hi, I never really post on this sub. I prefer to read and observe the other inspirational stories and insightful comments. I am 22 year old living in the UK. Ever since I was around 13 it has always been drummed into my head that I need to make money and have my own business, by my parents. Which I am grateful for, but it has left me with almost a decade of unfinished and half baked web startup prototypes. But they never taught me how to focus on one thing at a time. So now I find I am jumping in and out of 5 different side hustles/startup ideas in addition to my full time graduate job. One of the side hustle is a pre seed start up idea I am working on with some people much older than me, but I have a small equity piece. I am helping with some branding and marketing as I am fairly creative and knowledgeable about digital marketing. My questions are: Should I put all the other side hustles on hold and focus on this pre seed start up idea that may or may not work? Or continue to juggle all the different side hustles that have been unsuccessful thus far? How do you guys know if a business idea is a good one? I seem to think every idea is good until it hits a small obstacle and then suddenly I can find everything wrong with it? This type of thinking always tend to lead me down the get rich quick type paths. Thanks for taking the time to read all of this. Any advice/feedback would help enormously. Thanks [link] [comments]  |
| Does creating a landing page to collect emails from customers without having a product really work? Posted: 01 Jan 2021 04:15 PM PST I've read everywhere that to start a business it's better to first find an audience that needs this product, but does this technique really work? Do you have any real life experience with this topic? How does this change when asking people to buy the product/service only to then tell them it's not yet available and they will be contacted in the future? What's the maximum amount of time you think can pass between this experiment and giving the actual product to the users? And how long do you think the experiment should last? [link] [comments]  |
| How to present an Augmented Reality demo without being copied ? Posted: 01 Jan 2021 01:41 PM PST I have an app that could improve the workflow of a certain type of business. I am thinking of contacting a number of different companies and showing them a video of the demo and asking them if they would like to meet and discuss more. The problem is that the demo and idea is quite simple to implement. So they could forward the email to someone and ask them for an implementation. How should I approach this ? Should I avoid showing the demo? But then they might just say no. When it comes to AR it is usually better if you can visualise demos, rather than writing them down. [link] [comments]  |
| Our CEO tries to do everything himself Posted: 01 Jan 2021 01:45 PM PST Happy new year. We are small size (1 to 10 employee) tech startup. I'm the guy who is responsible for IT stuff (aka CTO). But things aren't going well for us, especially due to work management stuff. Our CEO (who owns most shares of the company) tries to manage everybody (İT, Operations, Marketing, etc..). I don't like that because he doesn't knows deep insights about all of those departments (at least IT) hes management is not good. For example he's assigning low priority tasks to employees who's already have working on high priority stuff. Or giving wrong tasks to wrong persons. This process happens usually when I'm not around (I'm sometimes (2 days a week) working from home). The same thing also happens to other departments too. We started in a friendly environment but things got worse at time passed. So, I don't know how can I fix this issue in our company. I invested a lot of time into this thing that I don't want to let it die (cause working there becomes stressful as each day passes). I don't know if it's a normal thing or not, or should I tell something about that or not. [link] [comments]  |
| Posted: 31 Dec 2020 09:24 PM PST So I own a business in Indiana and I also have 2 other partners in an S corporation. One of our partners just isn't putting in the same effort as myself and my other partner among other issues. What I have a question about is if we wanted to go about removing him from the equation how do we go about that? I tried to look around and im not sure what I'm even really looking for or what might be legit for Indiana or anything. Any advice would help! A couple notes would be that one of us has 34% ownership instead of 33%, not the partner in question however. We do not have any type of agreement or shareholders agreement or anything regarding this subject. Thank you in advance for any replys! [link] [comments]  |
| Finding a business partner - how to advertise, and how to pick? Posted: 31 Dec 2020 05:58 PM PST Hi all - I'm asking for advice, please. I have an idea, a prototype nearly ready for small scale production (cleaning product), as well as some money and some time. I've been developing the idea in my spare time, I think it could be an excellent direct-to-consumer option, and I'm excited about this opportunity. However, I recognise I lack the levels of enthusiasm, time and energy this will take to bring to market and drive growth - so I think I need a business partner! Someone to split the effort with, and ideally drive the customer-facing aspect. I guess more than one partner is also possible... I couldn't find anyone appropriate amongst the people I know, so I need to expand to strangers. So; (1) Does anyone have any advice on how to engage with strangers in this type of venture? Maybe I could advertise for this kind of role or partnership? The compensation would be equity based (e.g. 50% share in the startup rather than salary based) so I feel like I cannot advertise and 'hire' like I would for a normal role. (2) After reaching out to people in (1), if I get multiple options does anyone have advice on how to pick someone appropriate? Any good or bad examples you could share, please? This is for UK-based startup. Happy New Year, and thanks in advance! [link] [comments]  |
| First terms on a SAFE agreement Posted: 31 Dec 2020 04:25 PM PST Hi all looking for thoughts around terms to set for friends and family on our SAFE. We have product, initial employees and customer interest and plan to move to beta mid-February. Our legal firm suggested 10M cap 20% discount. Our initial investor thought that the cap was way too high. Can you share thoughts and experiences here? Thanks so much. [link] [comments]  |
| Posted: 31 Dec 2020 02:01 PM PST Hi, Has anyone ever sold their entire database of leads? What pricing would you suggest? How do you stop people walking away with your whole database of leads? The specifics of the leads change frequently but tbh, once you have the database you could go for a long time without needing it again. Others in my industry use a subscription model. 10 leads per day 5 days a week for £70 per month [link] [comments]  |
| Can Startup CxO positions make a college student overqualified? Posted: 31 Dec 2020 01:47 PM PST Hi! I'm a sophomore in college and I'm excited to say to a start-up I'm co-founding is about to take off. Besides for Co-founder, I can pick basically any CxO title besides like CFO or I could choose another such as Director or any other management/officer positions. But will a CxO position make me overqualified for engineering internships and other opportunities going forward? [link] [comments]  |
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