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    Thursday, September 30, 2021

    Startups Extreme guilt/anxiety about leaving startup as key employee (first hire)

    Startups Extreme guilt/anxiety about leaving startup as key employee (first hire)


    Extreme guilt/anxiety about leaving startup as key employee (first hire)

    Posted: 29 Sep 2021 10:13 AM PDT

    I'm the lead engineer at a startup. Our growth has been sustained, but slow. I've been there for 4 years now and the team is still only 7 people.

    Right now I make 80k in a low COL area, which is pretty decent. Recently after some frustrations at work, I decided to make myself "Open for new Opportunities" on LinkedIn just to see what was out there. I guess I didn't realize how insane the job market is because now I'm in late stage interviews with multiple companies offering $160k+. I feel as though I'm likely to receive an offer from one of them, but the thought of telling the founders this is giving me some severe anxiety.

    I'm 99% sure they couldn't counter at 160k, so it would likely mean me leaving, and I believe the company would have some big issues if I do. I do like my current job but there's no way I'm turning down double my salary.

    Has anyone been through this and can assuage my fears? Any founders have perspective on this? Thanks for reading

    submitted by /u/pghdeveloper
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    Are there careers for people who help VCs improve their start-ups?

    Posted: 29 Sep 2021 05:15 PM PDT

    I am recently retired from the US military. My favorite part of my job was the opportunity to move to a new team every year, create phenomenal positive change within the organization, maybe win a team award or two, and leave the organization with a positive culture and enough institutional memory to thrive after I was gone.

    Are there jobs like this in VC firms, where someone comes in to coach or assist new companies to excel in very short periods of time?

    What would it take to get a job like this?

    I can add details about myself if it helps, but I'm trying to keep this brief to stay within sub rules. I'm just trying to learn what options exist within the startup community and how I can learn more.

    submitted by /u/StartupQuestionAsker
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    Early stage VC’s

    Posted: 29 Sep 2021 03:22 PM PDT

    Don't you just love it when a VC advertising on their website how they invest in early-stage, pre-traction startups.

    Only to get hit with an email that says… "We typically need to see either pretty substantial audience numbers, perhaps 100,000 monthly active users or initials revenues of roughly $10,000/month…"

    Like, what……

    submitted by /u/papa023
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    Cold calling and office visits in the WFH era

    Posted: 30 Sep 2021 02:16 AM PDT

    I'd like to know how people who do B2B sales are doing on their cold calling now that a lot of companies are work from home and don't want visitors in office?

    We used to be able to call a company up, get them agree to a lunch and learn or breakfast in their offices whenever we wanted...

    Now that many of our business customer are working from home calls to front desk just go to empty offices and obviously no in office interactions.

    How are the rest of you finding it with respect to cold calls and office visits?

    submitted by /u/FinChange
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    How do angel investors and other early stage investors react to debt?

    Posted: 29 Sep 2021 06:41 AM PDT

    Background:

    I am the CEO of a company in an emerging tech space that gets most of our revenue from services. We have raised a small amount from an accelerator a few years back, but no other funds raised. We are about to start an equity crowdfunding campaign. We are trying to get to 100,000 raised for day 1 launch of our campaign mostly from angels and micro angels.

    Question:

    How do angel investors react when a company has debt on their balance sheet? I am really curious is anyone has any insight on my specific questions, but also just in general.

    We are eligible for a ton (in my mind) of business friendly government loans through the EIDL program. Currently, I am eligible for $400,000 in loans at an interest rate of 3.75%. Taking at least some of this makes sense.
    I still have some debt from starting the company, and its high interest, so with the SBA rule of COVID-19 EIDL funds are now also eligible to prepay commercial debt putting it towards that side is a no-brainer. We started a new services line that has been a profitable source of revenue this year. I could put some money into expansion on that side as well and save the rest for a rainy day fund.
    Will that negatively impact our angel and crowdfunding campaign though?

    I am just really unsure how angel investors will react during due diligence if they see that on the balance sheet.

    I have been googling a ton, and I can't find a good answer for this stage of the company.

    submitted by /u/techstartup1234
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    Anyone had their hosting account hacked?

    Posted: 29 Sep 2021 04:05 AM PDT

    Just logged onto my hosting account and there has been two new email accounts created, not by me. Happened at the start of this month.

    I immediately deleted them, changed my password and enabled two factor authentication.

    No emails were ever sent or received by the two accounts. Anyone have any idea what's going on? Or what else I should do?

    Have contacted my hosting but no response yet.

    submitted by /u/Nice_Plant_7513
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