Startups At what point do you start calculating and measuring metrics like CAC, Churn, and LTV? I think I am obsessing too early |
- At what point do you start calculating and measuring metrics like CAC, Churn, and LTV? I think I am obsessing too early
- Revenue Vs. User Growth
- EL5 how can I tell if I should let my options expire?
- Need a business management course
- First time getting Salary plus Stock Options Grant - Need help in understanding
- Hey, what's wrong?
- Starting my own business: what to pay attention to?
- [Question] Startup - Freelance? Invoice?
- Promotion Stock Options Vesting Question
- [UK] Does moving country affect restrictive covenents/non-compete clauses?
- [STARTUP PITCH FOR FINANCING ] 16 yrs old
- Invest into a mobile app or web app?
- 3's Law to set and track your goals (with Discretionary Learning Model, AUD, and Block Type Schedule)
| Posted: 30 Apr 2021 03:22 PM PDT This may be an odd question but is it possible to be measuring too early? We launched last month as a B2C company in the pet services space. We are still very much doing things that don't scale. Most of our customer acquisition is from paid media (Facebook ads). We are also moving fast and breaking things. With that breakage comes high churn and increased CAC. While we are getting traction pretty fast with paid acquisition but We are still very much in the ugly MVP/hot mess stage. I've gotten a little too obsessed with the numbers (like CAC) and find myself calculating them every day. [link] [comments]  |
| Posted: 30 Apr 2021 07:35 PM PDT Just a general question to the group: when reading posts about startups, most of the advice given is all about generating revenue and profit as fast as possible. However, if you look at some of the largest companies of the last 10-15 years - Twitter, Facebook, Google, Instagram, Tiktok, Snapchat, - and even some smaller ones that are being sold and valued in the billions - tinder, bumble, Kijiji, Craigslist, etc - all didn't even make a dollar in revenue (let alone profit) for many many many years and focused solely on getting users. Given this, why is the community so focused on telling new entrepreneurs to focus on profit and revenue all the time and not free user growth and engagement instead? [link] [comments]  |
| EL5 how can I tell if I should let my options expire? Posted: 30 Apr 2021 08:37 PM PDT I recently left a startup and my options are set to expire soon. I am leaving following a merger where my merged half was treated quite badly and most of the employees left or are considering leaving (including myself). At a surface level, it seems like I should let them expire because I think they have serious attrition problems. And the leadership team sucks. However, I'd like to be more data driven in my decision making about the options. What factors should I consider? [link] [comments]  |
| Need a business management course Posted: 30 Apr 2021 04:33 AM PDT Hello, in the upcoming months I'm gonna finally start my own business, but business management was never a major I studied in college so I don't think I have the basics of managing a business, so can anyone suggest me a good business management course, that would contain all the basics of paperwork and managing a staff and whatnot? Thanks in advance [link] [comments]  |
| First time getting Salary plus Stock Options Grant - Need help in understanding Posted: 30 Apr 2021 03:20 PM PDT I am negotiating the offer with a new startup in Seattle. And, this is what they stated in offer letter. Option to Purchase Common Shares Subject to approval by the board of directors of the Company, the Company will grant you, pursuant to the Company equity incentive plan (the "Plan"), an option to purchase 10,000 non-voting Common Shares in the capital of the Company (the "Option"), with a price per share equal to the fair market value of a Non-Voting Common Share, as determined by the board of directors of the Company at the time of grant. The grant of the Option to you shall be conditional upon: (a) your continued employment with the Company at the time of grant; (b) you entering into an option agreement with the Company (the "Option Agreement"), the form of which will be attached to the Plan; and (c) any other terms and conditions set forth in the Plan, your Option Agreement and as may be determined by the board of directors at the time of grant. I need a layman of ELI5 kind of explanation on this. TIA. [link] [comments]  |
| Posted: 30 Apr 2021 03:00 AM PDT This is /r/startups emotional support thread. There will be no problem-solving here, no judgement, no networking, no advice. We're here to be heard, be understood, and be told that it'll be okay, that whatever happens, we care. Still, be tactful and classy in how you vent your feelings and share your frustrations. Act in a mature manner. This is meant to be a safe place to support emotional and physical health and there is a zero tolerance policy in effect. Be kind. Please report any conduct that is in violation of that key tenet. Howdy there. Did you have a rough week? It's certainly been a rough year. Did you get in an argument? Have a problem? Tell me about it. What's wrong?[link] [comments]  |
| Starting my own business: what to pay attention to? Posted: 30 Apr 2021 05:04 AM PDT I'd like to start my own business on mobile and app development. I have a few years of experience working in this market, and I'm thinking whether it's the right time to go on my own. Could you please give me some advice on what I need to be aware of before I proceed? What challenges I might face, what skills I need to succeed, etc. Thanks for your comments. [link] [comments]  |
| [Question] Startup - Freelance? Invoice? Posted: 30 Apr 2021 08:18 AM PDT Hi everyone, I'm intending to found an IT startup in Madeira, Portugal, with a friend. We're both highly qualified workers and have over a decade of experience working with different clients, but eventually want to create our own product. To stay over water in another country, our plan is to freelance or rather sell our services, to save up some budget for other things. Now the question came up: Is that legal? Because freelancing and having a company are sort of contradictory. Basically the idea is to of course sell our time as a service and invoice via our company. Cheers! [link] [comments]  |
| Promotion Stock Options Vesting Question Posted: 30 Apr 2021 05:51 AM PDT Hi, I recently got a promotion to Lead Engineer at my startup. With it I retroactively had my stock options pool increase, from 15k to 50k. However those new options seem to vest 4 years from my promotion date. Since I got the promotion 1 year into my working tenure, that means instead of vesting over 4 years since my initial start date I now vest over 5 years from my initial start date. Is this common for an equity grant from a promotion to be subject to a new vesting period? This isn't something i've heard of so I wanted some perspective. Thank you! [link] [comments]  |
| [UK] Does moving country affect restrictive covenents/non-compete clauses? Posted: 30 Apr 2021 06:09 AM PDT Hi, I'm at a UK start-up, currently developing a product using UK suppliers. It's early development work to demonstrate a technology to investors, and they don't yet offer any products or services or have a complete design, but the contract does have a two year restrictive covenant. I want to move to a company in Europe who is far more mature, and sells products primarily to EU and USA customers who operate in broadly the same industry. My vague understanding is that they're not treading on the UK market and so it's a non-issue or will be difficult to enforce. I struggle to understand what the alternative is, given my skills and experience at this start-up, beyond being unemployed for 2 years, or moving to an ajacent unrelated industry, or moving to a different country to work in the same niche industry (the option I've chosen). Is there a tactful way to go about this? Approach the CEO and request written permission (or rejection) of my request to work for a future competitor? Delete my LinkedIn or risk legal repurcussions in any case? Also any thoughts about these non-compete clauses in future? Would you accept them? [link] [comments]  |
| [STARTUP PITCH FOR FINANCING ] 16 yrs old Posted: 30 Apr 2021 02:06 AM PDT Hey guys, I just got a reply from a governmental agency specialized in financing of startups and I am wondering how do go about it. I am 16 and with me I have my father and a developer working alongside us. I am considering not being a part of the pitch because I am too young and would make the business look immature. Any tips on how I should approach this? We have a working prototype and they want a demonstration as well as a 15 minute presentation on competitors, expansion opportunities and market potential. If this works out, it would propel our startup! Any advice would be appreciated! -A [link] [comments]  |
| Invest into a mobile app or web app? Posted: 30 Apr 2021 05:16 AM PDT Hi guys me and my friends are building a chat app for uni students, however we are unsure what's the best thing for a start up to do in the following scenario: We are still at an early stage where we want to validate our service. The chat app as a pwa (web app) will not have notifications (so you won't know if someone messaged you or replied until you go back to check). We can build a react native app (fully mobile) that does do notifications, however that will take about 40-50% longer than pwa (so much more expensive). We do not have any time pressure. We can do emails for notification though, but it's not clean. Is the best way of lean/agile start ups in this case to do a pwa that won't have an important feature but is easier to develop or spend significantly more time on mobile app for an idea that isn't validated yet? [link] [comments]  |
| Posted: 30 Apr 2021 01:39 AM PDT 3's Law to set and track your goals (with Discretionary Learning Model, AUD, and Block Type Schedule)
5-1. Roger Rossner's Discretionary Leadership variant, Discretionary Learning Model 5-2. Clear meaningless habits and filter information, AUD 5-3. Flexible yet robust schedule management, Block Type Schedule 6.Finish Why do you have to manage your time?Why do you have to manage your time? Many people try to control themselves thoroughly but fail every time. People who ran schedule well finally have trouble managing their time as burnout comes at some point and the plan gets twisted. Some people would ask me why I can do so much without burnout and manage my time thoroughly. I've also failed to manage my time several times. However, I succeeded in solving this problem in a more straightforward way than I thought. It is asking for myself. Why do I have to manage my time? Fundamental ReasonI want to change this question specifically and ask it like this. Do you have clear and powerful motives and goals enough to change this clenched lifestyle I've lived in to control my time thoroughly? Managing time in a life where goals are unclear and unmotivated is fundamentally problematic and doomed to failure. If you've ever failed to manage your time, I think it's highly likely that there wasn't enough reason to manage your time. From now on, 3's laws, discretionary learning models, AUD, and Block Type Schedule, which I will introduce as my goal setting and time management methods, are still in use and can be fully applied not only to self-development but also to project management and various decision-making situations. [3's law - Definition Step] What I have to do and what I want to doThe first three laws are three seconds, three minutes, and three hours in stages that define what I need to do and what I want to do. It cannot be 100 per cent ideal. It is essential to set goals that can meet reality halfway. You have to organize what you have to do and what you want to do in the form of a list. 3 seconds, 3 minutes Think about as many things as you can that you have to do and want to do. If you are sure what you usually do or want to do, it will come to mind in 3 seconds. Otherwise, it will take about 3 minutes because you need more time to think. You don't have to spend much time making a list. Because the longer it takes, the more likely it is not that eager. Example) What to do
What I want to do
I did not write much in the example, but I try to write as much as possible. 3 hours Now, let's answer each of the questions below that you put on the list. The answer format is free, and each answer is organized in keyword format as much as possible. What to Do & Questions & Answers
Example) Working as a J2KB leader
Satisfaction asks me if you like what you have to do or not and clarifies why in reason. The important thing here is Risk and Learn. As I will elaborate below, Risk should always be mindful of reducing unnecessary feelings or time consumption when your plan has messed up. In Learn's case, no matter how much you hate it, there must be something you can learn from it. You need a mindset to learn something if you have to do it. You can't do what you want to do forever. What I want to do & Questions & Answers
Example) Study knowledge required for startup management
As I said earlier in the article, Goal set the purpose as the first question because it is essential to set goals. Even if you can answer only the first question correctly, you can quickly write down Reason and Learn. Reason can write down why you got the goal. Reason for writing reason is not just a one-dimensional goal, but to make the plan more specific. Reason is also significant because it can be strong motivation in itself. Risk is one of the things that many people miss out on planning. Some of the people who initially set their goals triumphantly have a groundless positive mind that I will not give up. But no matter what you do, there's a risk. Please define the risk factor that you're going to give up on your goal. It will reduce emotional consumption, such as burnout, scepticism, and frustration, and reduce the time it takes to start over. Answers to Learn will help you refine your goals later by writing down what you need to learn or want to learn to achieve your goal on your own. If you're in a situation where you don't have enough knowledge of your dream, write to the best of your ability. Answer the questions in this way, and you will know what short-term or long-term goals can be. Answering the questions above, if you can't think of Jason well, you'll boldly give up and move on. Now, if you sort the answers by keywords, there will be overlapping keywords. Make a final list by selecting one to three things from the list and one to three things you want to do so that keywords overlap as much as possible. The reason for recommending common keyword choices is that synergy effects occur like a good combination of cards, well-coordinated team members, and matching fashion. [3's law - Preparation Step] Preparing for a marathon with myselfThe second step of 3's law consists of 3 days(1) and 3 days(2) to prepare a marathon against me. If it is simply a short-term plan for a day or a week, it is uncommon to prepare for a long time. But the decision-making and preparation process you make now can probably change your whole life. The more thorough you prepare, the longer you will sustain your motivation and passion for the goal. 3 days(1) The final setlist, now this is your set goal for the future. The first three days are the time to gather information to achieve a goal. The data to be collected will vary from case to case, but usually, the following examples are common (lectures, books, certificates, necessary abilities, specifications, Etc). My recommendation is to ask who is already on the road. Do you dare to judge for yourself whether the information you have obtained by searching is good information or not? Mentors are likely to know already which methods are efficient and sure to achieve the goals. Even if there are no acquaintances who can be mentors, there are various ways to find mentors. You should actively use the Internet and social media, such as writing comments, sending emails, uploading posts and contacting mentors in Facebook groups. 3 days(2) It is time to plan based on the information collected so far. You can freely make your curriculum or roadmap according to your style or just make a planner. In my case, I made my one-year curriculum as follows. IT Business Entrepreneur + WEB/APP Development
→ General Programming Knowledge + Project Design/Project Management/Marketing Skills + Business/Account Knowledge The only important thing to keep here is that you need to plan on your allocable resources. You have to decide how much time you can allocate to the job a week, a month. And when planning, always set it lower than the maximum resource you thought. None of the plans goes 100% as planned. You may have a sudden appointment with your family, acquaintances, and friends, or you may have an emergency meeting due to an issue at the company. It is a wise choice to plan with leeway, considering all the circumstances that could happen. Once you've gone to the 3's law preparation step, you've made a life-changing decision in about a week. Now proceed as planned and move on to the next 3's law. [3's law - Execution and Evaluation Step]After proceeding as planned, you should check the current situation on your own when time has passed. I do a three-week evaluation when I first implemented the 3's law and check it every three months. The habit of regularly checking the current situation is essential. You need to check whether you're going in the direction you initially set, whether you're doing as well as you've assigned resources, and how Goal, Reason, Risk, and Learn are currently going, and feedback to track my goals effectively. 3 weeks 3 weeks have passed since the plan has set and implemented, and in most cases, it will fall under one of the following circumstances:
Situation number 1 is the best, and we can proceed as initially planned. In the case of number 2, the timing has come to add efficiency to the plan, and I would like to introduce 3 tips on organizing goals and managing time. 1. Roger Rossner's Discretionary Leadership variant, Discretionary Learning ModelRoger Rosner is Apple's vice president of applications. I've created and used a Bridge Skill model that transforms his Discretionary Leadership Model (also called Bridge Skill because I think it looks like a bridge). It would take much less time to understand to show my model than to prolong the explanation. To explain my Discretionary Learning model is as follows.
Here, Main Passive Skill assists Main Active Skill, and Sub Passive Skill assists Sub Active Skill. Sub Active Skill is an auxiliary form of Main Active Skill. It is why I said it would be good to have a common keyword in the three-law definition stage. If your goals overlap, you can create a good synergy effect like my Discretionary Learning Model. Drawing this Discretionary Learning Model model will clearly define what goals you need to focus on and where you should allocate more resources to your plan. 2. Clear meaningless habits and filter information, AUDAs the days go by, the Internet and social media are overgrowing and more people are coming in. As a result, the amount of information is naturally increasing, and you receive much useless information. This information continues to flow from anywhere we want or don't want. And from that, we have a meaningless habit unknowingly. For example, as follows.
There will be more than that. These habits all eat away at our time and turn precious time into Junk. Fortunately, the way to fix it is effortless.
Do these three things in order. All mute, turn off all useless notifications first. Still, if you habitually come and go in and out of certain content or services, unsubscribe or cancel regular payments. If this doesn't work, you have no choice but to delete it. If you install it again after deleting it, it's just a weak will for cell phone addiction. People with no discipline can't achieve their desired goals, so I hope you work hard to improve your discipline. 3. Flexible yet robust schedule management, Block Type ScheduleIf you look at the plans and timetables made by people around you, you can see quite many people setting them closely in minutes or hours. It would be great to keep it as you set it up, but things you can't control will happen at least once because of various things, which will ruin the entire plan and schedule. So I use a block schedule. Before introducing the block schedule, I use Notion. I've never used any other tool before, but by my standards, Notion is an outstanding tool, so I recommend it to people who haven't used it yet. I make 3 tables to see at a glance, which you can make according to individual preferences. In my case, on the first table, I create groups called To Do and make 'Someday To Do', 'In a Month' and 'In Next Week' boards. Lastly, record everything I have to do and want to do. The second table is the Weekdays table. Make boards from Monday to Friday. And bring things from the To Do table for this weekday. The third table is the Weekend table. Just like the Weekdays table, you can bring things to do this weekend from the To Do table. Quick-witted people will already know. Yes, the block schedule I'm planning about is what you see in the picture called a block. But isn't it that different if it's just like this? So I have a few more rules on my block schedule.
You can now create blocks and manage your schedule according to the rules above. If the block you were supposed to do today is impossible to proceed with due to a sudden different plan, you can drag and drop the block to a day when the priority is not high. Since I schedule less than the number of blocks I can handle, I can take it leisurely even if something else happens. Now we're going to talk again about the 3's law, the evaluation step in 3 week. Most of the cases occur because number 3 and 4 are different from what you thought. In this case, you can begin with the redefine step using the law of 3. 3 months It's been 3 months since we went ahead as planned. By this time, you will finish the short-term goal, and the long-term goal is just beginning. The rule of 3 months is to self-evaluate and repeat this every three months. You can check whether you are proceeding well according to the schedule, the reason, if not, and whether you should implement the 3's law from the first step. FinishThe 3's law, Discretionary Learning Model, AUD, and Block Type Schedule described in this article may not be the answer depending on the person. I want you to try my way, and customize it in a way that suits you, and try various methods. Anyone can do it, just not try yet. Original article : https://stum.xyz/3s-Law-to-set-and-track-your-goals-Discretionary-Learning-Model-AUD-and-Block-Type-Schedule/ [link] [comments]  |
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