Startups Do startupers wo raise tens of millions of dollars/euros for their company really earn a lot of money in the end of the day? |
- Do startupers wo raise tens of millions of dollars/euros for their company really earn a lot of money in the end of the day?
- Best amount to ask for with an initial seed round?
- How to evaluate culture at startups?
- Liquidity events in startups.
- Not sure if I should quit this start up
- How do you manage early adopters?
Posted: 18 Sep 2021 11:16 AM PDT While such amount of free money seems impressive, do founders -- in general -- reaching such stages of angels funding really earn a lot of money? Do they earn much more than those working during twenty or thirty years in senior management roles in international companies or developing their freelance consulting? [link] [comments] |
Best amount to ask for with an initial seed round? Posted: 18 Sep 2021 07:34 PM PDT (Post will be regarding US dollars in 2021) We're a very early stage pre-revenue startup that is in contact with a handful of private investors who liked our pitch so far. We aren't looking for financing right away, but I have two numbers in my head that we're debating between
Venture capital/Angel investment is a form of debt, and ~40% of money invested into startups usually goes straight into marketing/advertisements. We will also have to give up a percentage of ownership to any investors. I'd prefer if more experienced members of the community could help me out with this. The lower number means we keep more equity, but less flexibility and a greater chance of needed to raise capital again. The higher rate would mean more marketing as a total sum, but less ownership of the company overall; there's also a chance the higher number will either scare investors off or will be taken less seriously. [link] [comments] |
How to evaluate culture at startups? Posted: 18 Sep 2021 04:47 PM PDT Currently interviewing for roles at startups. How do you evaluate culture/fit? Do you just base it off of feel in the interview? Do you use Glassdoor or another forum? Last thing I want is to jump from a frying pan (my current job-ish) and into a fireplace so to speak. [link] [comments] |
Posted: 18 Sep 2021 06:46 PM PDT Hi all, apart from IPO and acquisition, what are the other typical liquidity events a startup employee looking to sell his/her shares can look forward too? Seems equity is pretty worthless if we cant find a way to sell it easily. Liquidity events might be a great way to motivate employees as well. [link] [comments] |
Not sure if I should quit this start up Posted: 18 Sep 2021 10:55 AM PDT So I am a sales rep at this startup. It is a brick and mortar and they are ambitious. I am in a prime location in L.A, but they are already expanding into the O.C and want to scale up to 50 stores. We sell a luxury product that is well over $50,000 The problem is, things are a mess. We have not had two sales since opening in August. The first was really lucky and the second I believe hasn't even fully closed yet. The CEO of North America (this started in another country where the ceo of the entire lives) is only in his mid twenties and has no experience running a retail store nor does he really have any sales skills. We use salesforce, but he still does these little micromanaging g things like sending reports that are just copy and pastes of what we wrote on salesforce. He did make a move that I thought was good, he fired the store manager who was also in his mid twenties but was completely digging it. No sales experience yet was telling us that need not focus on rebutting as these people will be flocking g to us. He also fired another sales rep who hasn't even gotten a full demo. He has allowed me and the other sales rep more freedom to do what we want and take on responsibility. Only issues are pay. I have let it be known that I want the store manager position and have taken up some of those duties like inventory. But my pay (which isn't bad) remains the same. My other co worker got put on salary since they want him in the back 9-5 and me to go out in the field more. But they are making this guy work on weekends with no overtime. I think they did that because he has basically shown that he will be a workhorse for sales while I have put up boundaries. At this point, I see so many problems with the company. There are no core values. It's basically: we have a cool product for the rich, they will buy it." There is no good system in place. The web leads that we get are mediocre, our walk in leads outside of a few are pretty bad too. When I was canvassing with our brochure I just noticed a lack of interest and excitement. Plus now my keycard to park is mot working with caused a whole commotion. I took a vacation last weekend and realized just how much stress and fatigue that this job has been putting on me. I had to work nine days straight and now I am working six days a week. I am not sure if this product is going to sell a significant amount anytime soon to be honest. The proper steps just do not seem to be in place. They also have a sister company that is going to be basically a dinner club with celebrities playing on weekend. I could easily see them saying at the end of the year that they are shutting down the company and just focusing on the dinner club. What do you think? Should I start looking for another job and quit? Or should I stick it out? [link] [comments] |
How do you manage early adopters? Posted: 18 Sep 2021 07:08 AM PDT So in our startup we've now started getting general early adopters (B2C and B2B) and also because the startup is mental health-focused we also have the adopters from our therapist portfolio. Just wanted to check what's the best way to manage them (B2C, B2B and Therapists), send out updates, their onboarding etc.? I tried a Linkedin group first but it was messy, now thinking if slack might be better but would love to hear thoughts from others who've been through this process. I don't want to simply rely on email newsletter updates either. We do have Hubspot which we set up recently but apart from that so far we only have most information saved on airtable etc. I'm wanting to create a pipeline release to our alpha so instead of sending invites to everyone next month. To push out invites to the adopters incrementally. That's why I had a hard time figuring out the best way to manage these onboardings. Any tips would be appreciated! :) [link] [comments] |
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