Startups Should I launch a premium tier or wait? |
- Should I launch a premium tier or wait?
- Proposing to join a friend's SaaS without giving up ideas?
- I Got My First 100 Users, By Doing Things That Don’t Scale!
- Learning code as a non-technical founder worth it?
- What was the most important step you took — big or small — that put you on your career path today?
- Hardware versus software start ups
- Lawyer to look over equity offer
- People sign up for my SAAS, but don't use it right away
- Question about service, and in need of advice
- Correct business model for online math tutoring business
- "Occupancy rate" of advertising space
- Talking to potential customers as a B2B startup
- Next steps to be followed after registering a company
- Creating a user-generated review site. Thoughts?
- going from intern to full-time at a startup
- Systems - How do we make them? What’s your tactic or go to place to build them out?
- Which state to incorporate (Live in NYC)
- Using own servers or cloud
- What are the Hidden Advantages or Disadvantages of Adding a Business Partner?
- Question about university partnership
- Would You Accept This Offer?
- Starting a SaaS business with customers in US with you sitting in India, how to do ?
- Which Career path provides the best skillset for creating YOUR OWN Tech Startup? �� Software Engineer, Product Manager, UX Designer, ph.d. in some specific area or Machine learning engineer? (Tell your story ����)
| Should I launch a premium tier or wait? Posted: 05 Apr 2021 02:50 AM PDT 6 months ago I launched a SASS which right now has around 10k MAU and 2k registered users. Everything is completely free. I made the mistake of not talking to users early on (I had the problem myself so it wasn't that bad, but still). The website still doesn't have product-market fit and although there are 10k monthly users our retention is pretty bad. I would like to monetize it by doing a monthly subscription which has premium features. I just don't know whether I should launch it right now (I could build it in about 1 week) or whether I should instead wait and launch it once I have product-market fit. I feel like it will be easier to get users' feedback if everything is free. What do you think? [link] [comments]  |
| Proposing to join a friend's SaaS without giving up ideas? Posted: 04 Apr 2021 10:43 PM PDT My friend has a niche SaaS. It's not doing bad but it has never really taken off. He has maybe 10 customers companies each with 10-20 users. I work in the same field and have a lot of area expertise - so much that I've made my own version of his SaaS to use for me and my colleagues in our daily work. My version does a lot of things that's hasn't been done in our field before, and everyone I've shown it to has been very impressed and told me to make a business out of it. I love product development but i don't really care much for sales and business administration. But my friend does. And in my humble opinion it makes complete sense for us to join forces, but how do i go about suggesting that to him? I want to show him my ideas for improving his SaaS but how do i do that without risking him saying "no thanks" and then using the knowledge he just gained? [link] [comments]  |
| I Got My First 100 Users, By Doing Things That Don’t Scale! Posted: 04 Apr 2021 06:01 AM PDT Not sure if we're still doing Sunday Success Story still but I wanted to celebrate a small success and give advice from my personal experience. I've been doing the Paul Graham readings and learning about other startups like Airbnb who did things that didn't scale in the beginning and I've also heard that it's better to have 10 or a 100 people that like you than 1000 that just kinda like you. So I set out to find those 10 or a 100 myself by doing things that don't scale. So how did I get my first 100 users in only a few days? It was a little bit of friends and family from mine and my co founders too but that didn't account for much, something I learned though, was getting people to join a beta is tough since there's more steps to download the app so it kinda looks scary, I guess it makes it so only the most passionate users get it as a result. What's good about building something that solves a big problem, is that there are plenty of people you can help. So I've been commenting on threads that experience the problem and even built up our my own subreddit community. I strongly recommend building a community as soon as possible(something I wish I did earlier), I was very lucky to find people that love us and now they could talk to us easily! I actually wish I did that sooner, it's far better than relying on emails that get sent to spam or take forever to send out. I also created a simple landing page and directed everyone to it before the beta came out so they could enter their emails and get notified upon launch. I got 110 users to sign up but only 42 actually showed up, my theory is either a lot of them have Android(which we've started working on), or were turned away by Test Flight. What's good though is our users were so passionate that they invited their own friends, one even did 7 friends! We also posted on smaller threads for beta and early users. But now that we know it's tough to get people in the beta stage, we're gonna fix bugs and launch ASAP. I was gonna put it off to add more things but it's really hurting us. I learned a lot from other founders and hope this post will help you. Another tip watch every video at 2x. [link] [comments]  |
| Learning code as a non-technical founder worth it? Posted: 04 Apr 2021 08:57 PM PDT I'll cut to the chase- I'm 21 and am pretty good at marketing/sales in my opinion (at least for my age, maybe not saying much). I'm launching a brand and feel like it's going to do pretty well. I've recently come up with a concept for a social media-type app. I really, really think that if I can execute then it could really do something (I know everyone thinks that lol). The problem is that I don't want to be dismissed as the guy with no technical knowledge and doesn't provide anything valuable. I feel like to be taken seriously I'm going to at least know how to code (at least at a basic level). I tried though and it was so boring and annoying. What do you think? Any thoughts? [link] [comments]  |
| What was the most important step you took — big or small — that put you on your career path today? Posted: 05 Apr 2021 06:23 AM PDT Today we talked with my mentee about choosing a career path. What you will do for a living depends a lot on who you are. This may sound obvious, but many people neglect considering this important side of selecting a career. You can avoid joining the ranks of people who are dissatisfied with their work by making a conscious effort to assess yourself. There is no way you can be absolutely certain that a career will meet all of your needs, but there are things you can do very easily that will help you learn more about who you are. When you have no choice but to struggle in one direction, this is the turning point or the way to success in your life. I am thinking a lot about this right now. What was the most important step you took — big or small — that put you on your career path today? [link] [comments]  |
| Hardware versus software start ups Posted: 05 Apr 2021 05:59 AM PDT It's well known that it's a lot easier to start software than hardware companies. The Capex, opex and marginal costs for hardware start ups are high, making profit margins low. Hardware, even though super important, is far from end user, and it's done by public sector and major manufacturers. On the other hand, there is a lot more competition in software industry. So overall, which area is more promising? Do hardware businesses have a good chance of success these days? What's the business model? [link] [comments]  |
| Lawyer to look over equity offer Posted: 05 Apr 2021 06:03 AM PDT Can anyone provide advice on a lawyer to look over an equity/convertible note offer? I'm not sure what type of lawyer I should hire or how much I should expect it to cost or what I should have them looking at. I've come to this sub in the past for advice on whether or not I should even accept a convertible note, and I've decided that I need actual shares, not options, once series A hits. The company is very small, but I'm the next one in line after the cofounders. Is that a reasonable ask? [link] [comments]  |
| People sign up for my SAAS, but don't use it right away Posted: 04 Apr 2021 11:56 PM PDT I've put live my online service a couple of days ago and started driving traffic to it (it's a secure file upload tool which lets you upload a file and it encrypts it with a password of your choosing so that you can then send it to whoever you want without worrying about it being seen by people who are not the recepient). Some people browsed the home, signup and login page and left, others signed up with the email & password, but didn't use the service (it's free to use). Do you have experience with this kind of user behaviour and do you know why this happens? I thought maybe they just wanted to check out the dashboard to possibly use the service in the future... I was thinking of reaching out to them via email after a couple of days to see if they are still interested in using the service, but don't really understand why users would do this [link] [comments]  |
| Question about service, and in need of advice Posted: 04 Apr 2021 11:19 PM PDT For a while Ive been thinking of starting a type of internship match making service that would get small businesses connected to high school students, benefiting the business by giving them exposure and manpower, and gives the students experience and something on their college resumes, this would many focus on finance, law, medicine, and tech startups/small businesses, can any small business owners give me some advice on how to contact businesses and get them to agree, and any advice on the idea, Thank you! [link] [comments]  |
| Correct business model for online math tutoring business Posted: 04 Apr 2021 08:43 PM PDT I am trying to come up with a viable business model for a online math tutoring startup that I am founding. Basically, on one side, you have the students, who pay a flat monthly fee (say, $45) for about 15 question "sessions" that they can ask the math tutors that I employ. But on the other side (and this is the more complicated side), I have tutors that I "employ." My issue is coming up with a viable model to compensate my tutors. Basically, how my software works is that a student posts a question, and this question is sent to a live feed which all my tutors can see. And here is where things get tricky for me: Should I have my tutors answer the questions that come up into this feed on a first-come-first-serve basis (that is, whoever starts answering the question first "claims" the question and no other tutor should respond to that particular question)? The upside to this is the payment model could be simple: just pay tutors based on how many questions they answer (perhaps $2 per question). The downside to this is that, this might incentivize some tutors to just quickly "claim" as many questions as possible without putting much effort into them, in order that they just get paid more. This could cause questions to get poor answers, since tutors who are more qualified might miss out on "claiming" a question they're very qualified to answer because they were too slow. What do you guys think? Is this the only viable payment model? I feel if I did something like a salary, not tied to how many questions they answer, that would be too expensive, since there might be days where we don't get a lot of questions. [link] [comments]  |
| "Occupancy rate" of advertising space Posted: 04 Apr 2021 08:35 PM PDT I'm working on a startup where an important chunk of our business model is selling advertising space (niche sector). We are looking for data about standard "occupancy rate" but we struggle to find any! How is it called, in the advertising industry? By occupancy rate, I mean the average % of advertising space that is occupied/paid for. It'd help a lot with our financial projections so if you can help us, we'd be really grateful! [link] [comments]  |
| Talking to potential customers as a B2B startup Posted: 04 Apr 2021 03:08 PM PDT I'm working on my startup, which is going to save the trucking industry 30% per mile using AI. The thing is, we're early enough that while we've developed a cool demo, we haven't had conversations with potential customers to develop our product idea more or get pain points and work out pricing. I've been trying to email, call, and even meet potential customers in person, but have to one degree or another, gotten the cold shoulder. Does anyone know good strategies for meeting with your customers as a B2B startup? [link] [comments]  |
| Next steps to be followed after registering a company Posted: 04 Apr 2021 04:54 AM PDT I'm building a Hard-Tech startup and have recently applied for registration( will take 2 weeks to register) Our primary focus as of now is to raise seed investment along with building our MVP(which proves the concept of technology) Given we're building a hard-tech startup and we have to wait till we raise our funding, what else can we do during the same time? Creating social media handles, website? Anything that can help us in longer term. Thank you [link] [comments]  |
| Creating a user-generated review site. Thoughts? Posted: 04 Apr 2021 04:39 PM PDT I am building a site where users from a niche demographic can review products and services targeted at them. Businesses, in turn, can claim their page, respond to reviews and manage their reputation. I'm just starting and would really welcome any insights, advice and or reactions on the points below. Most of what I hear is that by getting into this I'm facing an uphill battle bigger than the one faced by most product/service based startups. :)
Thank you. [link] [comments]  |
| going from intern to full-time at a startup Posted: 04 Apr 2021 10:33 AM PDT soon-to-be recent grad w/ potential startup job offer Hey there! I'm a masters candidate in my final semester and have been interning (unpaid but for school credit) for a pretty early stage startup since Oct of last year. I can confidently say I've been a significant contributor to the company and have worked really hard to help lay a foundation for the startup. I'm proud that my hard work has paid off and the cofounders would like for me to stay on full-time after I graduate in May. Here's my dilemma: We've had discussions of my full-time role since end of January and I've had multiple discussions (spaced out as I don't want to come off as pushy) regarding what role I would want to take up and what my responsibilities would look like. They've been saying I would receive a job offer soon, with the most recent convo saying to expect an offer by mid-April. They need to fundraise this month and have been preparing to do so for a while. The cofounders seem confident, but I'm getting more nervous as April progresses. I don't want to be blindsided with the fact that I won't have a job (& then not have a backup plan for myself). I REALLY love working for this place, love the culture, and have some awesome teammates. Once I get a reasonable offer from them, I would take it in a heartbeat & continue to study/fit myself further into my future role. However, I'm getting a little antsy. As graduation approaches, I need to find opportunities for myself. I really need to be applying for jobs, trying to get certifications, etc. I work around 20-25 hours/week unpaid for the startup, have a part-time job, and am finishing up my degree. Do I stay patient and wait for an offer by mid-April? Or should I politely let them know that I need to reduce my intern hours and start focusing on finding other opportunities? Not sure how startup fundraising/job offers typically go so any insight is appreciated! tldr: have a potential job offer from the startup i intern at. do I stay patient through fundraising and see if they'll get an offer to me by mid-April (expected date) or should I step down from some of my unpaid internship duties there and focus on other opportunities? Edit: internship is for school credit! And I've been able to grow into an Analytics role despite my non-traditional background [link] [comments]  |
| Systems - How do we make them? What’s your tactic or go to place to build them out? Posted: 04 Apr 2021 11:09 AM PDT As I get closer to launching my product I'm wanting to focus more on business again and less engineering. My other company was built on a system that worked, but it could've been better. I want to know what all of your theories, advice, tools, etc is on building out systems for your startup. I understand that every business is unique but in that business there are similarities for systems. Hopefully this will help everyone out! [link] [comments]  |
| Which state to incorporate (Live in NYC) Posted: 04 Apr 2021 08:41 AM PDT I live in NYC and just created a website. Am looking to start monetizing it so want to incorporate it. NYC is notoriously expensive and I don't think I necessarily need to incorporate here as I have am running an online business. Which state do you recommend incorporating? Delaware, Nevada, Wyoming? I understand I may need to file two forms as I live in NYC but the publication requirement is killer if I incorporate in NYC. [link] [comments]  |
| Posted: 04 Apr 2021 10:38 AM PDT Is cloud storage safe for businesses? The main concern is IP, know-how and assets. What prevents governments or even companies to steal IPs? I see a lot of start ups use AWS. I am not sure if this is a good idea. What do you do: own servers or cloud [link] [comments]  |
| What are the Hidden Advantages or Disadvantages of Adding a Business Partner? Posted: 04 Apr 2021 09:07 AM PDT I am in process of starting a public benefit corporation (PBC) based around a web3 dapp in the cryptocurrency space. I am confident I can complete my early phase goals and roadmap for a beta release while maintaining a relatively small amount of overhead. However, I am basing my PBC in Deleware, and I currently live as a tourist in South America. The current plan is to be the sole proprietor/owner of the PBC and to setup the corporation and its bank account online, protect my IP as much as possible, and go through the process of establishing the product. I'm concerned that maybe I should bring on a partner that lives in the states. Particularly for handling business that must be done in person. However my research indicates that everything I need to do before beta can be accomplished accomplished online. Also I do not want to increase the financial burden by adding another salary to the books before I have an MVP. Is there something I'm missing? Will I run into challenges at some point if I dont have someone who is legally able to represent the company in person? Is there an experience you can share that I could learn from before I begin this process? [link] [comments]  |
| Question about university partnership Posted: 04 Apr 2021 08:06 AM PDT I am not an engineer, and don't have any acquaintances who could help, so I want to use a university's engineering departments to design a product. Should I incorporate before contacting the program head, or would going in as a backyard inventor be sufficient? [link] [comments]  |
| Posted: 04 Apr 2021 06:33 AM PDT Hi, I started a tech company 8 months ago, and I was able to get a friend to invest 40,000 USD for 25% of the company. We didn't advertise yet but we already have around 50 customers. We were approached by an influencer who was amazed by the idea and he wanted to invest in an unusual way. His offer is, he would make influencers with 1-4 million viewers in snapchat/Instagram advertise for us occasionally in exchange of 25% of the revenue, permanently. When we told him that the percentage is super high for a startup with such a potential he said by advertising for you I would be building the brand and 25% is fair. This is his offer, nothing else, he will just use his connections to advertise. What would you do if you were in my shoes? I'm torn apart, can't decide tbh. [link] [comments]  |
| Starting a SaaS business with customers in US with you sitting in India, how to do ? Posted: 04 Apr 2021 04:52 AM PDT So I'm an Indian citizen living in India. I've potentially found demand in the US for a SaaS product from a market point of view. From a tech point of view, this setup poses no problems. But I don't know how the legality of this setup works ? Do I need to register a business in the US ? I will need to collect payments via Stripe or something, what are the legalities of this under this setup ? What data protection guidelines do I need to be aware of since my product will obviously have some user data as well ? [link] [comments]  |
| Posted: 04 Apr 2021 03:07 AM PDT I'm interested in:
My question:
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