Startups Just a reminder: Focus on the problem, not on the solution |
- Just a reminder: Focus on the problem, not on the solution
- At What Point Should I Consider to Drop Out of College?
- If you need some help out there…
- Asynchronous idea validation
- Building a startup or an incubator?
- Offered an Advisory Role for Equity...Help Me Understand the Contract
- Leave my big corporate job?
- How many advisors do you have?
- Questions from a disillusioned freshman!
- Raising funding without giving up equity after seed stage?
- Free training for design & tech teams.
- Sources to find potential users to test MVP for a tourism product amid Covid-19?
- How Can I Utilize Referral Marketing?
| Just a reminder: Focus on the problem, not on the solution Posted: 13 Sep 2021 04:35 PM PDT Every day I see many ideas and startups fail because they don't follow this very basic, yet important, principle. For instance, what problem does Spotify solves? They could come up with a different solution but I believe they did very well. Look how I, intentionally, used the word-phrase 'value proposition' instead of 'solution'. That's because the value proposition is what you sell that solves a specific pain that your customer is willing to pay for What other known Problem-Value Proposition do you remember? Leave you comment below. [link] [comments]  |
| At What Point Should I Consider to Drop Out of College? Posted: 13 Sep 2021 01:35 PM PDT Hi there, I am currently studying a double degree in CS and Business, I just started this year so I have only been here for a couple of weeks so far, the degree is not bad although I don't like the people here too much, also I am not very good at math but I am hard worker and I think I could pass all the exams this semester. The thing is that I started a software project last year, it is a SaaS solution in a sector with growth for the next few years, it is not the next Facebook but I think it can be a multimillion dollar company if I work smart enough. This year I registered the company and launched a small marketing campaign to get the first users, it has not been a boom but people are interested in the project, and some of them are paying. I'm trying to bring more people into the team because I'm a little burned out from doing everything myself, with all the classes I can only work a couple of hours each day and some more on the weekends. I know that may seem like a reasonable amount of time but there are a lot of things to do and the product needs a lot more time. I don't know at what point I should consider dropping out of college, I don't want to drop out just for the idea that my startup might work, but I'm worried that this venture will end up failing because I didn't put enough time into it. I feel like a child asking for this haha, but what advice would you give me in my situation? Will be great to know if any of you have ever been in this situation and what you guys did. EDIT #1: Thank you all for your comments, they really mean a lot for me, I have a lot to think about, I will consider every idea and make a plan. I appreciate all your comments. [link] [comments]  |
| If you need some help out there… Posted: 14 Sep 2021 12:46 AM PDT Hello everyone, My new and first StartUp is about helping other people to find the right StartUp. First we help you with writing your business plan, organizing projects, building up your business and so on. Secondly, if you have no idea what to start with, we can help you with this problem too. Comment or write us an PM [link] [comments]  |
| Posted: 13 Sep 2021 11:50 AM PDT Hi, Thus, my question is: What are the best ways to perform idea validation / user testing automatically or asynchronously so I can weave it into my evenings/ weekends? [link] [comments]  |
| Building a startup or an incubator? Posted: 13 Sep 2021 12:49 PM PDT What is better? Building one startup or building as an incubator. We have multiple concepts, so we were asked from a super angel to think about incubator. How many people do we need to start as incubator? Is there anything we can read about or have to know? Thanks [link] [comments]  |
| Offered an Advisory Role for Equity...Help Me Understand the Contract Posted: 13 Sep 2021 09:32 PM PDT I have never worked in a startup, or received shares or rights to purchase shares in a company. I have been asked to work as an advisor for a startup, with the intention of formally working for them if things go right in a few months. (They asked me to join already, but I asked to hold off to finish 2021 first). I don't need help evaluating whether to take the job officially...but help me understand how the payment works. I am only being asked to provide about 4 hours of work a week, mainly attending meetings, and in return would get paid in equity. Truthfully, I have been helping them out for free because I genuinely like them and have no issues giving advice to them...so this seems like a no brainer. I don't understand how the equity works at all though, am I just getting stock for working? Am I getting the right to buy stock for working? If the latter is the case, why am I working just to get the right to buy stock at market price? Couldn't I just...buy it at market price (provided someone was selling it). The reason it's backdated to August 15th is to provide some payment for previous work done. I screenshotted the entire contract here, with the last page with the most important info first: [link] [comments]  |
| Posted: 14 Sep 2021 12:01 AM PDT Hi everyone, I'm sure this has been discussed before, but hoping for some knowledge/advice. Long story short, I've been getting mentally drained working for my current company. My company is a Fortune 100 company in telecom and don't get me wrong - I love my team, leadership and the company as a whole as well. But what I don't like is how the large size of the company gives it a corporate deadweight (not sure how to describe it). My company has been good to me and I'm the top in my team with the best performance reviews and honestly have it good. Pay is okay, I'm white collar but in order to break 6 figures I have to do a ton of overtime which is contributing to my mental well being. And I'd be completely okay with this if it were to lead somewhere. I'm gracious for my team, my leadership, and my company but I feel like I'm putting so much effort into my current 10+ Billion dollar project I'm helping spearhead and all I'm getting are pats in the back and great performance reviews. But I want more than that; I want a position that reflects the hard work I've put in but have gotten no where in that aspect. I'd much rather be placing all my effort into a startup that I believe in, that I can help shape and mold, and has that better workplace dynamic you see stereotypically for someone in his late 20s. I've been always interested in either entrepreneurship or being part of a start up. I was recently talking to a friend from high school and she joined your stereotypical startup in NYC where she's their head of HR now. That re-peaked my interest in finding a new position. TLDR; my questions are am I making the right move in thinking this and is there I guess a place where you can look for start ups to work for? I'd love to start my own start up too but my specialized expertise is in the telecom field, which you need a ton of capital to start a wireline company Maybe I'm just late night rambling.... [link] [comments]  |
| How many advisors do you have? Posted: 13 Sep 2021 04:49 PM PDT I've noticed that a lot of people in startups feel lonely even though they have a team of people working with them to reach the same goals (ideally). Getting new users and customers is a great jolt of validation and helps you feel less alone, but it seems to last exactly until you experience rejection with the next opportunity or VC pitch. Having a mentor or advisor seems to be one of the best therapeutic remedies for this feeling of loneliness. Which makes sense, since a therapist mentors you through your feelings. But I have been curious if others have had the same experience with having advisors available to them. Does it help with your sanity and decision making? If so, what is your advisory board look like?
[link] [comments]  |
| Questions from a disillusioned freshman! Posted: 13 Sep 2021 10:41 PM PDT Hey everyone, this post may seem a little ludicrous but please hear me out. Currently, I'm 19 and an incoming international freshman at a top public school in the US. For the longest time, I've been quite interested in the entire tech startup space, and want to eventually give entrepreneurship in this space a shot. However, I've had a few obstacles so far (that I know are practically excuses): 1) I've never found myself surrounded by anyone who shares a similar interest or is actively looking to pursue something entrepreneurial. Though this didn't stop me from starting a small ed-tech startup myself (completely failed lol), I figure that working with a co-founder in the future would really help me specialize on what I'm good at. I'm hoping that college can be a catalyst for meeting like-minded people, but again I have my hesitations. 2) I haven't learned to code. And still, at 19, I feel like I'm too old. This is obviously unfounded as I could always take classes in college (currently an Econ major, but looking to transition to CS) but I can't help like feeling like I'll be behind any other students who've already learned how to program/won't be able to build anything fruitful as it'll take years to develop enough technical proficiency. 3) Finally, I just feel like I'm too late to the game. I know of acquaintances who've started companies at 17/18 and gone through YC or even sold their business for 6-7 figures. Similarly, I know of other students who've at least given entrepreneurship a real shot with some of their friends, and even been successful. This is a little off-putting for me because I feel like I've missed out on a prime time of my life where I can start something with little risk (i.e. high school / late teens). In college, amongst classes and internships for other jobs (just to be safe), I don't know if I'll ever find time to pursue anything worthwhile. Then, after graduation, it seems like a huge gamble to simply dive into entrepreneurship without something established as I'll be an intl. student. Apologies for the long post, but any advice would really really be appreciated. [link] [comments]  |
| Raising funding without giving up equity after seed stage? Posted: 13 Sep 2021 09:44 PM PDT I'm interested in learning about raising funding without giving up equity after the seed stage. There are a lot of methods which have been discussed multiple times on this sub for seed stage funding. Self funding is the usual answer. However I am interested in learning where a founder can go from there. Once self funding dries up and a venture is up and running successfully what are the methods for financing expansion without selling off any or minimal equity? [link] [comments]  |
| Free training for design & tech teams. Posted: 13 Sep 2021 09:05 PM PDT Hi everyone, I'm a product manager who has recently published a series called "Technology for designers". My aim was to help out junior designers on issues I have observed in smaller startups (pre-seed,series-A).
Please check it out. I am available to clear your doubts & would appreciate your feedback. Thank You! Link: https://www.youtube.com/channel/UCzyy3_gP1YviaALlvdXYvuw/videos [link] [comments]  |
| Sources to find potential users to test MVP for a tourism product amid Covid-19? Posted: 13 Sep 2021 03:05 PM PDT Hi startup friends, Our product is a work & travel program for remote workers/ digital nomads, crafted by a team of locals who wish to show guests their homes, through their own lens. We have just finished setting our websites for MVP testing and have run a little bit of Facebook/ Reddit ads to check for user interest. What we can say so far is that the traffic is still low (probably because of low bidding due to our tight budget atm, or could be targeting?), thus, it's hard to measure the demand. We have tried to ask for reviews on different communities but that doesn't seem to be effective either since groups have tight regulation on self-promo type of post. Does anyone have any idea to connect with remote workers/ digital nomads and ask for their time? And is there anyone who is in tourism who have some experience on this? Thanks for reading. Love this community! [link] [comments]  |
| How Can I Utilize Referral Marketing? Posted: 13 Sep 2021 07:25 AM PDT Hey everyone, sorry for all the questions but I want to make sure I explore all possible options when it comes to my business and what better way than to pick the minds of other Reddit users. Now I've been in the SEO industry for over 2 years and over the last year I've started to really build out my client base and generate some solid results for the local businesses I've worked with. As this was happening I updated Reddit on my successes and many individuals told me that since I've been able to create results and satisfied clients I should use get them to submit a referral. I also thought this was a great idea; however, how often do people actually look at these or take them as real responses? That may sound like a dumb question but I know when I go to websites and see "Best (Insert service here)" from John doe I never take it as a real referral and something the company just put there. Could just be my inner pessimist but I would love to hear your opinions or strategies on how to leverage positive customer referrals. [link] [comments]  |
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