Startups Courses/Course Tracks for aspiring CTOs |
- Courses/Course Tracks for aspiring CTOs
- What's the best way to get in touch with larger companies?
- Have you ever outsourced software development to an agency?
- Has a popular startup ever became owned by the founder's former employer because of intellectual property laws?
- Curious, what’s the most challenging thing for you when starting a business?
- Company selling, but I want to leave. Should I wait?
- The seductive appeal of writing your own destiny.. My journey as an entrepreneur
- proper way to field interest for a startup idea
- Being selective with investors
- VC seed round goals
- Multicultural and Multinational remote development team
- What is Non-Dilutive Capital? What are its advantages and disadvantages?
- How to raise investment as a non legal entity?
| Courses/Course Tracks for aspiring CTOs Posted: 11 May 2021 01:16 AM PDT Morning all, I'm currenly head of the engineering team at a startup, with aspirations of becoming CTO once the roll is warrented. I was wondering if anyone had any advice on good courses or even entire course tracks that can help someone from an engineering background, with some product management experience from other startups, transition towards the CTO role (I'm already doing many of the responsibilities of a CTO, but the team size and my experience doesn't quite warrent it yet in my opinion). I've already been doing a course from the Institute of Leadership and Managment on change and growth management. Would something like an MBA be useful? [link] [comments]  |
| What's the best way to get in touch with larger companies? Posted: 10 May 2021 07:48 AM PDT I want to partner with some larger retail companies but don't know who to go to. My company is a technology company, so in order for these retailers to use our services, we'd need to speak with someone who has the authority to make binding decisions for the company. Who is the best person to contact initially to start the conversation about a partnership and would be able to forward the conversation to higher-ups, and would LinkedIn be the best way to contact them? [link] [comments]  |
| Have you ever outsourced software development to an agency? Posted: 10 May 2021 11:49 AM PDT Hey Everyone - I'm doing some research to better understand software development agencies, and sharing your experience would be super helpful. There are tons of software agencies around and they can be quite spamming. I know many founders have had bad experiences in the past. There are some good agencies, but many bad ones that don't deliver as promised and focus only on marketing instead of delivering. I have a few questions, every insight is helpful… When working with an agency, on what stage were you? Building an MVP or scaling your team? Was it worth it? What mistakes did you make when working with an agency, could you have avoided them? What should a founder look for when considering working with a nearshore agency? As a non technical founder, did you choose the agency or did you have a tech lead in charge? How do you differentiate a qualified software agency from an agency that only has good marketing and communication? Building an in-house team, most of the time is the best thing to do, but not everyone has the cash available to hire full-time and skilled developers, who are probably working on a cool place with a good salary. It's not easy to get the talent sometimes. Thanks! [link] [comments]  |
| Posted: 10 May 2021 08:39 PM PDT I think it's fairly common to start working on a startup idea while employed. The big tech companies all have employment contracts that say anything an employee works on while employed is owned by the company if it's related to the company. E.g. since Google and Facebook have products in every part of tech, any startup idea will likely be related to the company. Depending on the circumstances, the employer could gain ownership of the startup. However, I don't recall ever hearing about a popular startup that became owned by the founder's former employer. What are some instances where this happened? [link] [comments]  |
| Curious, what’s the most challenging thing for you when starting a business? Posted: 10 May 2021 10:01 AM PDT For me it's finding a suitable cofounder! Been burnt a couple of times by poor cofounder choices. In my opinion egos ruin business relationships, and some people are good to work with until you scale slightly and hire a small team then they try assert their dominance and take control. Another cofounder just refused to put the hours in when the startup demanded it. Interesting to see how people change when stressed/under pressure- their real personalities come out aha! Really interested to hear your thoughts- it's a unique journey for everyone and therefore I assume there'll be plenty of unique challenges 😊 [link] [comments]  |
| Company selling, but I want to leave. Should I wait? Posted: 10 May 2021 11:30 AM PDT I'm a Senior Engineer and one of the first to join my startup. For reasons, I'm leaving. I have a lot of equity vested. We've been really successful, but my path is taking me elsewhere in life. I got a great offer from a different company that's on the table. I've told the founders this, but they told me that the company is actually selling. And it appears to be real and moving along. My options would be worth a lot. Should I exercise my options and just move on? Or wait to see how the sale goes? I'm going to have to pay a lot of taxes to exercise my ISO's correct, if I do exercise? I'm worried about that part, whereas a Change in Control could alleviate the tax burden and cash needed to hold. I also reread my options contract and the purchasing company could potentially just *not* take on any of the employee stock options? They are "assumable", so it sounds like I could possible get screwed over here, since the founders know I want to leave, too, and they could pass that along to the purchasing company? [link] [comments]  |
| The seductive appeal of writing your own destiny.. My journey as an entrepreneur Posted: 10 May 2021 05:14 AM PDT Ah, the seductive appeal of writing your own destiny.. I would like to share my experience down this very road as it is not the rosy garden that we read about in magazines like Forbes or Entrepreneur. A few years ago, I decided to quit my job and become a tech founder. I am a Purdue ECE grad, so I have a technical background but definitely not a coder/developer. Any tech company requires software development and I wanted to make apps that make people happier, more productive and spend time with their loved ones. We make social deduction games and a pretty cool productivity app. I will not name these apps or post links as this is not an excuse to promote my own products. Here is what happened on my entrepreneurial journey (get popcorn):
On a bright note, we released a total of five apps on the app store and our social games have over 1000 customers and we are getting $50 per month in ad revenue. :) People seem to love the games and consistently play over 1 hour once they start! These things make me happy and give me hope that once people find out about the apps, they will love it and keep coming back for more game nights full of fun and laughter. :) Anyone wanting to do a startup should prepare for such a journey as this is typical and not the exception. Companies like FB, Snapchat, Instagram are the exceptions and by definition happen almost never. There is a reason why 95% of startups fail. Be prepared for the long haul, a lot of lies and deception, going well over budget and beyond schedule. Get ready to make serious sacrifices on the way. In the end, it may work out but there are no guarantees in life. Apology for the lengthy post but I wanted to share my experiences as an entrepreneur. Regards, A Tired Entrepreneur [link] [comments]  |
| proper way to field interest for a startup idea Posted: 10 May 2021 06:46 PM PDT Hey community! I came across a use case recently that a small non-profit organization is facing and I can build a data product to solve their problem. After having a short call with one of the directors, they're interested in partnering with me to test and provide feedback as I develop the POC. What recommendations would the community give me to evaluate if this particular use case might also apply to a broader audience so that I'm not solving the problem and becoming a dev shop for one business. Is there an approach which you'd recommend that I take to find people that might have a similar need for the potential solution? High level is that they're looking for an interactive web-app to solve this problem, which essentially is an end to end ETL for this particular workflow. Thanks! [link] [comments]  |
| Being selective with investors Posted: 10 May 2021 12:19 PM PDT Hi all, I'm the cofounder of a medical startup. We will be raising money soon and have talked to some investors already. I feel like some of them don't get/ aren't interested in the vision and long term goals. Just wondering how you guys would recommend selecting investors, does it matter if we have the same vision? I realize I may not have options anyways. [link] [comments]  |
| Posted: 10 May 2021 10:00 AM PDT Hi, founder of a new deep tech startup here. Just wanted to get an opinion about appropriate goals for a seed round. For reference, we're developing a new, more cost-effective process to produce a highly-demanded (>$1B market) base material in bulk. We have a patent-pending proof of concept and initial data, along with about $150k in F&F funding. My thought is to present the following as goals for a VC seed round, in the $3-5M range for about 2 years of runway:
We're planning to then raise a Series A to fund a commercial scale facility along with potentially licensing our process and designs. Does that seem like a reasonable set of goals for this round, or do you think VCs would expect more from this stage? [link] [comments]  |
| Multicultural and Multinational remote development team Posted: 10 May 2021 04:56 PM PDT I have 4 Talented Developers that fit my project like a glove but they are all in different parts of the world with huge time zone differences. And they all have different views on what good work ethic means , not in the bad way just different. My challenge is to streamline this team into a remote Agile environment and I'd like to know if anyone here manages a remote team and how do you sync up or what are some things I need to prioritize before we commit to this project where replacing this level of developer would be extremely hard in case ss happens. [link] [comments]  |
| What is Non-Dilutive Capital? What are its advantages and disadvantages? Posted: 10 May 2021 08:32 AM PDT I've Googled the term and watched a few YouTube videos but I still can't wrap my head around it. What does it actually mean? Does it mean that the shares of a person cannot be diluted at all? For example, if a startup takes money from an Angel Investor in return for Non-Dilutive Capital, then does it mean that when the startup will raise money in the next round then the shares of that angel investor will not be diluted at all? It sounds like a bad deal is that's the case but on the internet people are saying that you should actually prefer Non-Dilutive Capital over Dilutive Capital? Why? What am I missing? [link] [comments]  |
| How to raise investment as a non legal entity? Posted: 10 May 2021 12:52 AM PDT Summary: To register fintech cost a lot of money. A startup with zero revenue and no funds how would they be able to get funds with securing investors right and increasingtrust between both parties. We're working on a fintech app for the UAE. We validated the idea and till date have found success in designing a product users like and are willing to pay for (theoretically speaking based on their excitement and previous experience with similar app concepts). We are now definitely confident that what we're working on has market fit. The startup has no revenue at all. In order to generate revenue we would need to register the company and work closely with regulations since fintech in UAE is highly regulated (plus that's the least we can do to ensure trust and confidence with our users). Here's the problem: We are a small team in Lebanon whose money are all stuck in banks. To be able to register the company we would need between $20k to $30k which we definitely don't have with our current situation. Any suggestion how to raise funds in order to incorporate the company and ensure investors that we won't just take the money, but use the amount to actually register the company and accelerate it to market? For example, if I want to raise funds using convertible note or a safe we would need to have the company registered. What might be the legal options we can do to increase the trust with investors in a legal way? PS: the product will be completed at the end of this month. We validated the app design prototype. Thanks a lot in advance. Sorry if it's long. [link] [comments]  |
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