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    Friday, July 9, 2021

    Startups Hey, what's wrong?

    Startups Hey, what's wrong?


    Hey, what's wrong?

    Posted: 09 Jul 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?

    submitted by /u/AutoModerator
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    How to pitch an idea that needs multiple years to collect data?

    Posted: 08 Jul 2021 10:25 AM PDT

    Hey all, I'm a fledgling entrepreneur here and I had a quick question about how realistic it is to seek investment for AI based startups that need time to make the AI potentially useful. Is it common to ask for funding knowing that products will need the money to make the product better? Or is the alternative to invest your own/grant money to improve the AI. I want to have a good understanding of this while my idea is still in development.

    submitted by /u/black_sequence
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    How to decide how much equity for start-up?

    Posted: 08 Jul 2021 07:55 PM PDT

    For my upcoming startup, I recently took aboard someone with more technical / development skills to help with certain issues. We aren't online yet and won't for at least 2 months, so he is willing to do this in exchange for equity, because he believes in the project. Though, the project is pretty far along and he will only work on it in his spare time. I'm guessing maybe an hour a day...

    How would you go about deciding on how much equity to give this person?

    submitted by /u/ArgumentSoft2681
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    This is tough!

    Posted: 08 Jul 2021 12:55 PM PDT

    So I am 24 year old guy in merchant navy, I get long breaks whenever I come back from ship. After my recent promotion to a third officer, I stayed home for an extended period of time to start working on something of my own. While I was on the ship, I came up with an idea which was related to building a mental health platform for people - but being a noob in this area, I started working in partnership with a friend of mine who has a real estate business, with the thought that I will continue working on both the things at the same time and whatever money I make off the real estate business, I will invest in the creation of the mental health platform. I faced a major hurdle and had to eventually shelve my plan because of lack of resources and time, being from a non-tech background, it was a major issue understanding a lot of aspects of how things work. I tried learning to code but a fellow founder told me - Why learn, when you can hire?

    Since then, I have left the real estate business because I wanted to do something on my own, create something that I can call mine. I got together with a friend to work on a different idea but it fell through since she was unwilling to risk her job in Europe to dedicate time .

    Now I feel completely exhausted because for the past 6 months I have been working my ass off to build something, but in vain. I think, one of the major reasons for failure was not having dedicated co-founders, because it was mostly me pushing the team forward.

    I have decided to go back on ship and regroup my thoughts and once again dive into the startup world at the start of next year - but this time, I want to be ready!

    I want to learn to code and learn whatever skill that maybe required to make that push forward. I have realized that I don't really have a network as well (thanks shipping), which seems like a major problem. I have seen people on Twitter/LinkedIn creating their brand and network, meeting new people and expanding their knowledge and exposure.

    I do not have any great following, nor am I someone who codes and has loads of GitHub repositories.

    Can someone just advice or share their thoughts on how I should proceed?

    submitted by /u/dopety_dope
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    Do you ask a cofounder to sign an NDA at any point?

    Posted: 08 Jul 2021 11:34 AM PDT

    So I read another post here that said you shouldn't ask a cofounder to sign a "Blank NDA" without disclosing details first which had lots of comments on it. So that makes sense, but what about if you disclose details, and then agree to work together and share access to more "ins and outs", should you ask for an NDA?

    More specifically, I have an app ready in private testing stage. I'm happy to tell more details about the app over a video chat with a potential cofounder, but should I get an NDA signed before I allow access to the app in private testing stage?

    submitted by /u/jernkrokkh
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    Business Plan - Proposal and also Angel Investor Seed Round Capital

    Posted: 08 Jul 2021 06:46 PM PDT

    I have a couple of questions regarding the topics in the headline.

    First, I'm writing my business plan, but I don't have most of the figures I expect to spend... Yes, I have ranges (from forums and also youtube videos - etc) but I need to hire service providers, such as lawyers, accountants, auditors and more specific to my industry service providers (most of which don't even list quote ranges anywhere). Also hiring lawyer A or B differs a lot in price (and sometimes quality of service down the road - cheap is expensive). So yes, while thinking about my first operational year I have a hard time deciding this stuff and also proposing different alternatives (more so because I don't quite know how to judge the value of a lawyer.

    TLDR: How to choose between different service providers when you don't really know how much they will ultimately charge you? How to propose different alternatives to VCs and your angel investor? and tips

    Can you guys send me links of any outstanding business proposal you saw that was really worthy of reading?

    Where can I find Angel Investors to contact about seed round and how should I contact them?

    How do I go about the fact that I don't have the corporation, my business needs an specific (more expensive) type of incorporation that cost like 40,000 USD and I don't have that much money, how should I go about that with my angel investor? Does he pay the lawyers that would make the incorporation directly or where does he send the money in any case?

    submitted by /u/beatmymeateveryday
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    Founders' block

    Posted: 08 Jul 2021 05:22 AM PDT

    I'm the CEO of a B2B SaaS product, in Beta for the past 3 months with some initial customers. My background is in product, but of course now I'm mostly doing marketing & sales.

    After using our network the first couple of months, our lead generation is slowing down, and with all the 1000s of videos about guerilla marketing and "things that don't scale", I feel like I've hit a marketing wall and can't really create any sort of buzz around our product. I know there's a need for what we do as the space is very busy with competitors and people are actively looking for solutions.

    I feel like I'm sitting with my laptop but not really doing anything, even though I'm technically working night and day. Did that happen to anyone else here? Any suggestions?

    submitted by /u/akonomika
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