Startups New California law - LLCs formed after 2021 don't have to pay the $800 fee the first year |
- New California law - LLCs formed after 2021 don't have to pay the $800 fee the first year
- A big company started a web service same as ours, but we have more and better features.
- Start a Career in Sales or Engineering?
- What is with the "investor" title in VC firms?
- How much weight to put on UI
- Experience hiring a chief of staff/working as one at your startup?
- Making sense of a sudden closure
- What are some green/red flags to look for while evaluating a start up company and their job offers?
- Recommend embeddable landing page generator?
- Got a YC interview, but was told they didn't see how this could grow to be big. How do I quantify/sell a nearly untapped market segment (non-beginner language learners) for investors?
| New California law - LLCs formed after 2021 don't have to pay the $800 fee the first year Posted: 30 May 2021 01:03 AM PDT I was worried about having to form an LLC for my MVP and footing the $800 tax bill. This is a nice relief, especially since I'm not sure if I'll get traction and make money in my first year but at least I'll have the personal asset protection now. https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB85
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| A big company started a web service same as ours, but we have more and better features. Posted: 29 May 2021 03:56 AM PDT Hi, When I got the startup idea I did a proper research and didn't find any direct competition. Fast forward 5 months while we are almost launching MVP, a big company (in the top 5) launched a service which is basically same as ours but has less features, and their features are not as good as ours if we look thourgh the problem solving path. I am not scared of a competition but I would like to know: Should I be worried about them? What can happen? Anyone had any simillar experince? Should I offer them partnership? Bear in mind, we are not earning any money so far. But I wouldn't mind any investment from them. [link] [comments]  |
| Start a Career in Sales or Engineering? Posted: 29 May 2021 05:53 PM PDT Hi all, I'm a recent CompSci graduate with some experience in the startup world. I'm not yet a remarkable coder compared to my peers, as I opted to focus more on my soft skills and make the most of the business-oriented opportunities my college had to offer. I think I'd enjoy sales, and have seen it recommended as a critical skill to develop by folks in this subreddit and other places. However, I feel like I'd really stand to benefit from becoming an efficient and fast coder who can start projects self-sufficiently. I've struggled to get commitment from developers on past projects (especially compared to my non-tech team members who seemed quite invested and contributed a lot). I also think that I'd be able to more effectively recruit and coordinate developers while maintaining an optimal timeline for the project. Any advice? Thanks! [link] [comments]  |
| What is with the "investor" title in VC firms? Posted: 29 May 2021 10:16 AM PDT I am familiar with the traditional hierarchy of analyst > associate > principal > partners, and I understand the practice of getting more deal flow through scouts and venture partners. But recently I've been seeing quite a few people at VC firms who are simply titled "Investor". What does this mean? Are they full-time employees somewhere between the associate and principal-level? Or something else? [link] [comments]  |
| Posted: 29 May 2021 06:51 AM PDT I'm more of a backend developer not particularly strong with front end. I've been developing an app for several years now and I haven't felt comfortable launching it just yet because I think the front end is horrible and would be a turn off for users. Is this an accurate assumption? Should I invest in a better UI before launching? Or release the app and see how users react? Anyone else face a similar dilemma? [link] [comments]  |
| Experience hiring a chief of staff/working as one at your startup? Posted: 29 May 2021 07:28 AM PDT My CEO told me that in the future, we should hire a chief of staff. Anyone here have experience working with one/working as one? I'm just wondering of the positioning of this role in a tech company. I saw some comments that it's similar to an executive assistant but I'm sure it's more than that. I'm basically looking to learn more about your experience with this role. [link] [comments]  |
| Making sense of a sudden closure Posted: 29 May 2021 06:50 AM PDT I recently joined what seemed to be a very promising e-commerce company that was just getting ready to leave the startup phase and move into rapid expansion. It seemed to be going very well, and was serving a unique niche that no one else was doing, had marketing partnerships with influencers, and from what I could tell as warehouse supervisor, sales were strong and expanding into different regions. Then, suddenly and without warning, we learn that as of yesterday, we were out of business, told to stop loading vans mid-day, and pulled all the drivers off the road. The rest of the day was spent by the office staff stripping the vans of all the assets, and trying to figure out why this was happening. A meeting with the ceo did not shed much light on the situation, just that they had been hoping for larger growth than they saw this year, and had been working on a solution for the last month, and talking about selling the company, but it just didn't work out. As I said though, sales were strong, and we had a loyal and growing customer base, so why they decided to just close the doors is still a mystery to me. One of the higher ups told me that we owed one of the shipping companies a very large sum of money, which I suppose illustrates how mismanaged things were, but why that is the case I am unsure. So anyone with small to medium start up experience have any insight on why this happened? Dozens of people are out of work, and our entire customer base is going to be left confused as our website and all social media accounts have been deleted. What sort of mismanagement could have led to this situation? [link] [comments]  |
| What are some green/red flags to look for while evaluating a start up company and their job offers? Posted: 29 May 2021 09:53 AM PDT Hi, I've recently started my job search and had talked to a few start up companies. Most of them are very new (think seed and just raised first series A) and I am not sure how to interpret the company better. For bigger companies, I can go go their glass door or indeeed page and take a look. I know that those reviews need to be taken with a grain of salt, but at least there are something to look at. As for these start up companies, they usually have <10 people (between 5-10; a few of them are co-founders) and not much information online. I was wondering what are some red or green flags that I can look for during interview, or the founders track record and such. Your input is highly appreciated! [link] [comments]  |
| Recommend embeddable landing page generator? Posted: 29 May 2021 07:02 AM PDT I am looking for some service that would provide a nice landing page builder that could be embedded into an existing website. Every service I saw only works with domains/subdomains. What I want is to keep mydomain.com - where my application etc is already hosted, and then build landing pages under certain path - for example, mydomain.com/l/book-launch - and preserver the navigation/header of my website. Did anyone see something like this? [link] [comments]  |
| Posted: 28 May 2021 11:21 AM PDT I'm building a language learning startup which is targeting people trying to gain real world experience with their learning. My app significantly lowers the bar for consuming native materials (books, articles, TV shows, etc) while speeding up vocabulary acquisition. I was able to put together a good enough pitch to get a YC interview and I was able to build a pretty strong case overall. I have some traction (a wait list), and a demo (I wasn't able to finish the MVP by the interview, two key features left to build). I wasn't accepted this round my interviewers weren't convinced that intermediate/advanced language learners as a target audience would be able to grow into a much larger audience. That's fair because that's what my worry was when I started a year ago (I knew I could build at least a lifestyle business out of it, but that was all I was sure of). What, I think, they see are determined learners who'll be fine with or without my assistance, but would use my product if it provided enough value. And I agree with that assessment. But beyond that I see the 260 million out of 300 million DuoLingo users that quit because they weren't able to see enough progress, it was too hard, they thought they didn't have the knack for learning a language or they didn't know what to do next, etc. The thing is that most of those 260 million users have tried other apps too. Busuu boasts that 50% of paying users that leave will buy another subscription down the road. These users don't want to give up, but they aren't getting enough value or reaching their goals so eventually they give up. Basically this is an untapped market segment and all of my knowledge has been pieced together from tidbits of information here and there so there's no comprehensive report or cohesive resource to point at and say "look at this". I'm not really sure how to go about quantifying it or selling it to investors. Any suggestions? [link] [comments]  |
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