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    Tuesday, August 31, 2021

    Startups Is this a good signup rate?

    Startups Is this a good signup rate?


    Is this a good signup rate?

    Posted: 30 Aug 2021 03:38 PM PDT

    A friend and I recently created a 'smoke test' website for a product we felt we'd benefit from. In terms of sectors, it's an intersection of hospitality/tec/social. The website is simple but stylish, one main headline with our offer/product and an email signup for a waitlist. We've then gone and run £200/$275 of ads via Instagram.

    So far are finding that 17% of people who hit the website after viewing an advert go on to submit their email to the waitlist. The cost to me for every waitlist signup is, therefore, £2.56/$3.52.

    Now I know all industries are different but am I right to assume these are pretty good figures so far?

    Next step will be to increase virality through a sharing incentive on our email list and then run a MVP/beta to see how many we can convert from the waitlist to paying users of the product.

    submitted by /u/whydowedowhatwedo
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    Is it worth making a page for my startup on LinkedIn?

    Posted: 31 Aug 2021 01:21 AM PDT

    I started a startup and the business is a double-sided market, my current marketing involves cold-calling than anything else. However, I do see many business pages on social media like LinkedIn. Is this a norm for startups or is it when it gets mature?

    I'm confused?

    submitted by /u/yahya173
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    Hello everyone I am looking to start a business and feel overwhelmed with where to start

    Posted: 30 Aug 2021 09:25 AM PDT

    I have the idea in place and looking into patents etc. Buying a patent seems super expensive was quoted roughly 4k and 1k do to a formal patent search. In trying to find out where to start and how people come up with all this money up front . I have a 1 of a kind business idea that isn't like anything on the market here in Canada. Not sure where to get the money for the start up. I have written a business plan etc but clueless about grants and loans and finding investors etc.If anyone has any ideas or stories to share or resources etc please share :). Also I'm in Ontario if this helps.

    submitted by /u/Followthehype10
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    Is early non-founder employment in a subsidiary startup worth it?

    Posted: 30 Aug 2021 02:18 PM PDT

    Hey everyone!

    I feel like this isn't a traditional topic that fits this sub. Sorry if this does not fit here.

    As I've been looking for jobs, I've taken an offer from a software corp (10k+ employees) that's hiring for a new subsidiary startup that they're going to found mid 2022. They actually hired two of my work colleagues as well. We're starting out in the main corp and moving over once it's founded.

    They're already partnered with other companies for development, but there are still many things unclear. I'd be among the first 5 employers, and they expect slight growth throughout the first 2 years without having to make profits yet. They've done this in the past already, and it seems to have worked out with multiple different approaches, companies and startups

    I'm slightly confused what I've gotten myself into. There is no equity. The pay is ok for the fact that it's going to be just us 3 starting out (Germany, I'm getting 74k€, with 2.5 years of experience). We as a team are pretty much specialized in the field this company is going to be about. My other colleagues are at 4 and 9 years of experience. Our "senior" is going to take a more managing role - we all have the same title on paper.

    Has anyone been in a similar situation and can give me some insight? I've already talked to the main company and asked tons of questions about the future, what they're going to expect, future, ROI, growth and so on. Many things are left unclear. They expect to provide us with clients with their existing network, have big partners onboard and everyone knows this field is growing with a bright future to come.

    Everything else is pretty much "up to us" (technologies we'd like to use, hardware and so on). Until clients come in with specific requirements ofc.

    So I'm expecting us 3 to wear many hats and take a lot of responsibility.
    Does this setup sound like a red flag to you? This seems low risk for everyone involved since we're not getting equity and are just hired as engineers.
    Some questions that I've been asking myself for a while. Maybe some of you experienced in startups in similar setup or as non-founders could give me some insight:

    • Does that sound like an opportunity at all? Would you guys give it a shot or go for a more traditional corp job with 10% more pay (ballpark of my other offers)
    • What future could you expect for a non-founder, high performing engineer being employed from day 1
    • Is this even considered a startup? We use infrastructure, client network and partners of the main corp - but get our own office and lab. The contracts seem very traditional.

    Of course I'd like to contribute to the success of this startup and have it grow and flourish. I'm just afraid these traditional contracts and the traditional backbone of this set up are going to be a limitation for personal appreciation and financial growth.

    submitted by /u/I_JIZZ_FRIES
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    How to find a VC?

    Posted: 30 Aug 2021 10:56 PM PDT

    Many tech/software ideas, partly tested with Prototyps, will go live. Who can help me? Some ideas: - reduce legacy code without any developer. Functions tested in some prototypes. Will help to save money. - a better no developer needed platform, actual all is specific and mostly data not connectable in these platforms. You can do a better website, not a process organized business. Also tested in proof of concept.

    And so on Many many more

    submitted by /u/Wolle89
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    Data Scientist hiring procedure

    Posted: 30 Aug 2021 02:37 AM PDT

    Hi so my relatively new startup is looking for some data scientists. Myself I am not a data scientist so how can I assess the qualifications of my candidates. I see assessing data scientists harder than computer scientist, maybe I am wrong. Could use some tips guys. Thanks in advance :)

    submitted by /u/PazuzuUsedToFly
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    Two apps with just flat active users

    Posted: 30 Aug 2021 02:04 AM PDT

    With my cofounder we launched a couple of apps a while back and now we have pretty good stats on acquisition and retention. The weird part is that both (one is on iOS, the other one on Android, totally unrelated), seem to be gaining as many new users from the app stores as they are losing over time, thus the DAU are pretty much constant over the last year. We started wondering if it's something other people are experiencing as well, or is it something specific to our apps. We've had apps in the past which grew organically and climbed up the app store and google play ladder (one to ~2M downloads), and we've had apps which just tanked after our initial promotion efforts. However here we are quite surprised to see this equilibrium and even started wondering if google/apple have some sort of an algorithm to keep them just alive (very doubtful they'd do that). Has anyone seen apps just sitting flat on some DAU and never going either way for more than 12 months?

    submitted by /u/asphx
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