- My company has not credited salary for any of the employees for last two months. Two weeks ago there was a meeting by the founders saying there are fundings on the pipeline but can't assure a particular date for crediting salaries.
- Is there a course where I can learn basic company things?
- Tech startup in unlegalized industry?
- General liability insurance for non-US business with US client?
- Need Help Evaluating a Job Offer
- Pitch deck advice
- What's your experience in creating a podcast to add to your marketing strategy?
- I'm researching how to start a liquor distribution company. How to contact producers???
- Founder Dilemma.
- Hire good digital Project Manager
- Selling Shares vs Issuing New Shares
| Posted: 06 Jul 2021 11:07 PM PDT The main product was launched only a year back and the product is in edtech sector. As per the management,due to corona, the sales were down and the company failed to get enough customers. As in the meetings, I see employees working as usual. It's been only 4 months since I joined this firm. What do you think I should be doing? [link] [comments]  |
| Is there a course where I can learn basic company things? Posted: 06 Jul 2021 12:26 PM PDT I was watching a tv around business and they were throwing these terns that confused me. And these seemed like basic things every CEO should know, so I was wondering if there was a course that I could take to learn stuff like market cap, cap table and etc. [link] [comments]  |
| Tech startup in unlegalized industry? Posted: 06 Jul 2021 11:51 AM PDT Hi, so I have an idea for a services-based platform that might seem a bit taboo. So, I see strong tailwinds both on the legalization front as well as the demand front for an app that would monetize sexwork. In a way, I see it as an inevitable development over the course of the next few years as marriage rates fall and liberalized generations (Gen Z) come of age. Legalizing prostitution is already happening as legislation in places such as Oregon are already gaining steam. My idea for this platform would use geolocational data to match potential solicitors with sex workers (considered individual contractors). Scalability would obviously be a concern in the short run due to legality issues but I see my platform as a sure-fire way to help sex workers monetize their work in a way that protects them. Now, I don't have a technology background in the slightest but (I'm a sustainability engineer) I can imagine this being a huge boon to social impact investors. Theoretically, sexworkers for as long as time itself have been demonized, jailed, and exploited. It's an industry that has been relegated to black-market status and associated with other nefarious trades such as human & drug trafficking. In efforts to building a more inclusive economy, legalizing and providing safe avenues for monetization for sex workers would be a crucial step. It would also help the plethora of LGBTQ sex workers that don't have an avenue to a stable form of work. Anyways, I feel as if I can pitch my case to many different types of investors but there's levels of expertise I don't have yet. Namely, how would one go about having an ideal business model in an industry that isn't even in its infancy yet. I have been doing market research (as it pertains to tailwinds in this industry) but at what point should I consult a tech incubator? Or should I just wait it out. There's obviously a lot of uncertainty with it so not sure if this is a terrible idea or not. Please eviscerate me if you think I have an idea that will fail or ask further questions if you want. I just want feedback from a diverse cast of people with expertise on what to expect. [link] [comments]  |
| General liability insurance for non-US business with US client? Posted: 06 Jul 2021 07:30 PM PDT I have a software business registered in Hong Kong and have a US client. I'm asked to provide general liability insurance that covers property damage etc. at their site but I will never visit their site as the work is done remotely (it's for developing web-based demo app). For the past two years I've bit the bullet and purchased insurance (~ US$8k/year) but it's quite difficult to buy one from Hong Kong and I think it's generally rather silly that I have to do this. Since the client is a large utility company, asking for exemption is an uphill battle. Wondering if there are any non-US software startups having to deal with similar situation for clients in the US? [link] [comments]  |
| Need Help Evaluating a Job Offer Posted: 06 Jul 2021 10:25 PM PDT Context: Worked as a sales engineer in a major US city (very high COL). Salary was 95k base, 115k-120k OTE. Covid hit, worked my ass off first year with the company, #2 in sales, still laid off because last in, first out. Current situation: Have an offer on the table for $75k (I'm not entry level, so I'll be asking higher). They have completed Series D funding a couple years ago and are slated to complete Series E funding ($50M) here within a month or two. 60 person company. Not profitable, but are revenue generating. I will also be working as a sales engineer but with a bit more hands on with the business development side of the company. Should I be looking for market value here as far as compensation goes? I assume very little equity is left to be given out to newer employees. I'm completely ok with accepting 95k base similar to my previous job with 15% OTE up to 30%. Should I just put that out there? Or is that expecting too much? Sorry for my ignorance, but I've never worked with a start up prior. [link] [comments]  |
| Posted: 06 Jul 2021 02:35 PM PDT Hello! Can any recommend links or advice for a pitch deck and how to get in front of an investor that is not friends or family? The app will be similar to something like event brite/ ticketmaster style. If anyone has any thoughts on what to include from personal references and their own stories that would be amazing (that of which I can't find on google) [link] [comments]  |
| What's your experience in creating a podcast to add to your marketing strategy? Posted: 06 Jul 2021 07:53 AM PDT What are the key benefits and cons of it, and has it ultimately worked out for your team? Also, what are some of the best podcasts you've heard that have been launched by a company? Our team is considering launching one later this year and would love some insight. (So far, we're focusing on a content/tech community product for context.) [link] [comments]  |
| I'm researching how to start a liquor distribution company. How to contact producers??? Posted: 06 Jul 2021 12:47 PM PDT I'm having a lot of trouble finding out how to get in contact with liquor manufacturers in order to negotiate buying their products. It's like this information is purposely hidden. I'm in the process of applying for state and federal licenses needed to import and distribute alcohol and I've consulted with an attorney to help make sure my business model is legal (it is). I just can't find much info on how the big distributers get contracts with manufacturers. Do they just cold call the company and ask? I checked a few websites and can't get anywhere. Specifically, I'm looking to buy European products such as Hennessy from the manufacturer and ship it to the US in large amounts (like in a shipping container). Does anyone have any information about how these big distributers get their contracts? [link] [comments]  |
| Posted: 06 Jul 2021 11:32 AM PDT Hi everyone, I am a product expert with 14 years of experience in the logistics industry. Specifically in the car parts shipping sector. It is a small sub-niche of the whole Transportation, Freight, and Logistics sphere. I have founded two car parts shipping companies, sold one, and still running the other. Giving my exposure to the market, I have been doing what startup founders struggle and strive to do: Talking to users and gauging the pain points. Having been in the industry for so long, I can clearly see what the market needs, and I have come up with a way to streamline the archaic and highly fragmented industry. I believe all the above is an asset as far as coming up with an idea to fix a problem that I have seen and experienced firsthand, instead of trying to find an idea for a startup. I am facing quite a few dilemmas, the first one is finding the right co-founder. I have been in co-founder dating sites for some time, and I settled on this guy 6 months ago, and now he pulled out because of family and personal issues. So back to square one. Which made me think, maybe I can go it alone, but that is not advised by " the startup founding best practices" some VC's and accelerators won't even consider you if you are a solo founder, let alone with no prototype and no team yet. The other thing is that I do not have a network, as I have always done it alone and never needed outside money for any of the companies I founded. However this time is different, and I am going to need guidance, advice, and outside capital. I have seen countless stories of VC's saying they invested in founders with just an idea and not even a bank account where to deposit the investment amount. But feeling not ready, I am hesitant to apply and burn bridges. One thing I'd like to add. I have read that VC's look for compelling stories about founders. I have migrated to this country years ago, and I spoke no English ( and hence, please forgive my grammar ... ). I did not have anywhere to go, so I slept in the street for 3 weeks, given that I did not want to spend the $57 I came with. This is my first posting even, and I know this might come across as too much of a posting, but it will be interesting to see what was your journey and any advice you might have. To recap: 1-Your thoughts about starting as a solo founder, and if not, any suggestions on connecting with an experienced co-founder 2-Your thoughts about approaching investors with just an idea and the experience I have, and if it's a yes, any suggestions on how to? 3-Your thoughts about finding mentors and advisers and if possible, any guidance on how to do that, please Thanks, everyone in advance! P.S: I am looking for a technical co-founder, preferably with experience in co-founding a startup and exposure to investors. Please DM me if interested. [link] [comments]  |
| Hire good digital Project Manager Posted: 06 Jul 2021 09:15 AM PDT Hi, I'm a co-founder of small digital agency, and we've decided recently to hire Project Manager(s) to help us free founder's time and deliver more projects with better quality. We never hired PM and currently have ~15-20 candidates that all seem like have decent experience with delivering digital/it products(from resumes). Our goal to hire top 5-10% PM from this list of candidates, but all questions that I googled for PM's interviews seems either too general or too open or its not clear what answer will be good/bad/excellent Is there any question/test that can filter/spot a decent candidate (aka top 5%)? I'm looking for:
For example, when I interview Software Engineers, I like to give some piece of code with not obvious/hidden issues, and it perfectly and quickly filter people with not enough experience/knowledge also it very quick since candidate should not create any code from scratch but just look at spot it. [link] [comments]  |
| Selling Shares vs Issuing New Shares Posted: 06 Jul 2021 07:52 AM PDT When doing research into convertible and safe notes for raising funds, the examples for the VC investment in Series A (or whatever investment triggers the note conversion and sets the first "real" valuation) always involves dilution. Is there a reason that a startup could not sell existing shares instead of issuing new ones or is this just the norm? [link] [comments]  |
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