Startups Inflating numbers and lying about metrics - a normal behavior? |
- Inflating numbers and lying about metrics - a normal behavior?
- Startup founding and compensation
- Get patent in my name or the business name?
- Web & App security Standards
- Rapid Product/Feature Idea Validation, is important right?
| Inflating numbers and lying about metrics - a normal behavior? Posted: 29 Apr 2021 09:16 AM PDT TLDR: I've been working full-time in a start-up and we've had some rough months, but when it comes to investors, one of our executives lies about our traction metrics. Is this normal behavior in a start-up that's trying to get some funding? What's up everyone? Hope you are all doing great and your dreams are slowly becoming a reality. For a year now, I have been remotely working in a start-up with a couple guys. The idea behind the start-up is great, and we want to modernize the industry we are targeting, but our target audience is quite hard to get a hold of and we are pretty much running on liquid smoke. We are paying from our own pockets for the infrastructure and the services we're using, but it is getting harder and harder. Now getting to the main point of the post, I feel like I'm in the wrong place, and if I'm going to continue, at some point everything will collapse due to the missing connection. Lying and making things up is not really one of my values, no matter what. I don't want to make money based on fake numbers we don't have. I came here to ask if this sort of behavior is normal in a start-up looking for funding. I have never worked so close with a start-up, so my experience is rather limited. Maybe my thinking is wrong, and in fact, a lot of start-ups do actually lie to get money to get even more users or customers. Edit: We are talking to a few investors, but nothing is concrete now, so no, nobody put any money in the start-up (except the co-founders). [link] [comments]  |
| Startup founding and compensation Posted: 29 Apr 2021 11:46 AM PDT Hi guys, Maybe you can help us out. We are a group of 3 developers who have been working on a side project in our free time for the past couple of years, developing a software / service X. A few months ago we decided it was a good time to publish it, in order to get a feeling whether it had some potential. We also advertised that we were looking for people interested in contributing somehow with their expertise, but since it it was just a side project and for the time being it was not meant to be monetized, we did not give much thought about running a business of sorts. Eventually some enthusiasts contacted us, showing great interest in our platform and the fact that it could be potentially monetized. Now that we want to legalize and formalize it, some questions have arisen. Company founding Should we include any of them as co-founders, even though it was our idea and we put in the hours developing it? On the other hand, they could be great assets in terms of business development and finding possible investors. Compensation When founding a company, how to be fair with all the core team members? Should we give away equities or is there other way of compensating them? (For the time being we cannot compensate financially) Trust We are 100% sure that the original team (developers) is on the same page, specially in terms of values and goals. How can you build trust between a third party, when our opinions and methodologies do not match? Thanks in advance [link] [comments]  |
| Get patent in my name or the business name? Posted: 29 Apr 2021 03:05 AM PDT Hello everyone, I am a startup and I recently began the process to file for a new patent. I am a sole proprietor and self-funded for all aspects of the business currently. Recently a mentor advised me to have the patent filed in my name solely and not in the business. He said this would give me more leverage down the road for a higher return on investment. However the patent agent suggested I have the patent filed under the business in the event I wish to file additional patents or claims to the existing patent. What has been your experience with this? Edit:. I have a LLC currently, sorry for the miscommunication. I am asking if I should assign rights to my business or just write a license agreement for the business to use the patent. [link] [comments]  |
| Posted: 29 Apr 2021 02:27 PM PDT Hello Again, We are planning on building an app / website which allows users to purchase insurance from companies in there area. We are wanting to outsource development. Security is a top priority. What are some things we can do to make sure our app & website are secure? In addition does anybody know if there are regulations regarding what country your development is done? Based in USA but interested in Soviet counties for example [link] [comments]  |
| Rapid Product/Feature Idea Validation, is important right? Posted: 29 Apr 2021 03:13 AM PDT The problem I'm solving: Startups not invalidating bad ideas or testing good ideas before building anything. I built a saas tool that allows users (Pre-Startup Entrepreneurs and Growing Startup founders) to Manage, Prototype and Validate Product/Feature Ideas, before writing a line of code. Because of the complexity of idea validation and the manual nature of existing tools, people think this tool is for following a manual process, or for doing a lot of writing, which is far from what is it. I working on making the idea validation as simple and rapid as possible. I'm an experienced software engineer, that has been an intrepreneur (all that time), so I don't want to make a platform that goes against what we software engineers like to do. How it works
OutReach I have reached out to people by email, about 10 emails, I probably need to do 100+ (personalising that many, is quite difficult). What am I doing wrong? [link] [comments]  |
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