Startups When did your mobile app start being profitable, either intentionally or unintentionally |
- When did your mobile app start being profitable, either intentionally or unintentionally
- How do you guys stay motivated?
- Designer asking for a raise after 2 years of working at small startup
- App development sources and costs
- The appropriate time to add "Co-Founder" as your actual LinkedIn position
- Finding early stage hardware, startups?
- Should you monetise a product from the outset or prioritise user growth?
- Role of market research for a startup? Pre-product-market fit
- Help with Vat and importing cosmetics as a US retailer
- How to get leads for UX interviews?
- Getting a first investment impulsor
- Career track moved from COO to Chief Strategy Officer. Should I be concerned?
- How to reach potential clients in the US that need software products?
- How do you get market data when the SAAS you develop helps companies improve their internal processes?
| When did your mobile app start being profitable, either intentionally or unintentionally Posted: 14 Sep 2021 07:34 PM PDT In another thread on r/androiddev someone said that they knew of a notes app that had a million installs, $1800 in monthly revenue, but was still probably unprofitable because firebase costs were at least that or more. I know that some companies could be profitable earlier but they choose not to like $AMZN did at one time. I'd like to hear your stories about when your app became profitable and why did it happen then/or why you chose to then [link] [comments]  |
| How do you guys stay motivated? Posted: 14 Sep 2021 10:32 PM PDT I'm a web developer focused on building saas products. I used to have a lot of motivation to develop, but I believe that's because I enjoyed learning how to do it. Now, everything feels like grunt work, and it's hard to find motivation to do it. Any tips? [link] [comments]  |
| Designer asking for a raise after 2 years of working at small startup Posted: 14 Sep 2021 09:15 AM PDT I am a 3D and UIUX designer working at a small start up hoping to ask for a significant raise. I would love to consult everyone on how much of a raise i should ask, what i should say, how to leverage my position in the company, and my equity. For privacy reasons I will not go into details of the company and our product. My company offered me 47K a year with options granted for equity. Has a vesting schedule of 3 years and 1 year cliff. They also offered me a work visa since i am international and was a recent college graduate in 2019. This is a 2 year start-up. Investors see tremendous opportunity in the industry we are in - seeing it as a new goldmine for business revenue. I work extremely cross functionally from 3d renderings, uiux design, website build, to customer service. My founders expect me to project manage, nurture features, conduct extensive user feedback sessions, customer service when needed, and support operation across other teams. I am planning to leave this company in the next 3-6 months because i dont see a product vision, my founders don't nurture product development, and my expertise is tremendously exploited. I am currently taking a course on Designlab to transition fully into uiux design and job hunt for my next rung of career ladder. Anyway, I want to take one last stab at asking for a salary of 65K. They can expect me to do some product management work and more in depth design process work. I cannot do all of that research & design work at 47K salary. Was also thinking potentially asking them to release me from my cliff. All the start-up gods here please advise on what i should do! Thank you so much for reading! [link] [comments]  |
| App development sources and costs Posted: 15 Sep 2021 03:00 AM PDT Me and a mate of mine have an application idea. Problem is we both don't know how to develop applications, we thought it would be easier to find a group of people that could develop it for us and let our idea materialize. I would like to ask - from your experience - what are the most reliable sources that I should seek to tackle this issue: freelancers? consulting firms? independent developers in my own environment? And how much does it cost in the European market? (It may be important to note that it's an app that provides a service, a platform you could sign in, that collects the data and offer a social service for a low-cost, think of Uber for example). Then again, I'd also take your opinion (those outside Europe) about the costs of the developers in your foreign markets? I'm sure the exchange rates between the euro and other foreign currencies and their fluctuations could land us a better deal for our small budget. [link] [comments]  |
| The appropriate time to add "Co-Founder" as your actual LinkedIn position Posted: 14 Sep 2021 12:20 PM PDT Hey r/startups I've been wondering about this for awhile, I think this topic needs a better blueprint. When is the right time to update your profile? When you've raised your initial capital? Made your first sale? When you have a functional product? When the idea is brand new? LinkedIn is an extremely powerful tool for marketing, finding investors, making solid professional connections and you shouldn't be scared to put yourself out there. When is the right time to take the plunge? [link] [comments]  |
| Finding early stage hardware, startups? Posted: 14 Sep 2021 08:09 PM PDT Does anyone have any advice for finding hardware "projects with potential", in early stages? Currently I'm looking for a hardware startup looking that need a nights and weekends levels of commitment. Just nerdy people getting together and nerding out, outside of their main job. I was hoping to get more involved in the amateur maker events and hackathons (and then covid hit...) Anybody have any experience and can provide some advice on what's worked for them in the last year? Thanks! [link] [comments]  |
| Should you monetise a product from the outset or prioritise user growth? Posted: 14 Sep 2021 11:58 AM PDT I'm mulling over whether it is better to run ads/ charge a fee for a product from the very beginning, or whether you should let people use it for free to not deter people from signing up and using it. Does anyone have any resources or insights into this? Thank you in advance. [link] [comments]  |
| Role of market research for a startup? Pre-product-market fit Posted: 14 Sep 2021 07:21 AM PDT I am curious. What is the role of market research for a startup before it has achieved product market fit. Pro: it helps me make sure I am building something that people want. Con: never ask users what they want. e.g. if Ford had asked users they would have wanted a cart with more horses, not a car. I am using techniques (jobs-to-be-done, mom's test) to identify what users need but somehow I am getting stuck in analysis paralysis, or building a feature rather then something truly disruptive. Thoughts? Tips? [link] [comments]  |
| Help with Vat and importing cosmetics as a US retailer Posted: 14 Sep 2021 10:15 AM PDT Hi everyone, I'm a recent startup founder who is creating an online cosmetics retailer I was recently asked to provide a VAT # from the seller, but I'm a US based retailer who is buying from a EU seller. I am ONLY selling within the US. Wouldn't this mean I wouldn't need a VAT #? Also as someone importing cosmetics, what are the processes of contacting Customs & Border patrol of my import order as well as FDA/CPCS? It seems like Cosmetics are a tricky subject and I'd like to ensure I adhere to all the rules set out in place. Any specific permits/licenses I have to get done that I may be unaware of ? [link] [comments]  |
| How to get leads for UX interviews? Posted: 14 Sep 2021 03:26 PM PDT Hey, I am working on defining the problem stage and conducting user-experience interviews. I have only a few people in my network to connect with who can help with that and the responsiveness is not very good. I have asked people who interviewed me to connect me with someone in their network, but that does not seem to work well. My people skills are lacking to say the least. Is there a better way to generate leads without paying money for the interviews (not sure if that would work either as I need C level or NED's)? [link] [comments]  |
| Getting a first investment impulsor Posted: 14 Sep 2021 02:55 PM PDT Hi community, first of all I would like to begin by saying that it's my first post here, i always reed the post and the comments and I am very thankful with all of you out there because of the tremendous knowledge you share. Now I find myself in a situation which I would like to get a professional opinion as I don't have it yet. I am just about to launch a sport organization in Europe and luckily I got a person who really trust on me and he wants to invest on my project . The problem is that as he is really interested in my project and he is asking me to be my main partner but he doesn't know anything about the job and I don't think he has the right skills to be an appropriate partner. I need his invest to start muy business so I am not sure what to offer him. I thought on two different options : A ) - Use his money as a loan and as soon as the project is working , start paying him back with some interest. B ) - Establish a percentage of money according to his first investment on the project to give him a sort of monthly dividends. But , what happens when the company became bigger and more profitable, should I respect the first deal or does he has to invest more money according to how much the company has risen? In that case, how can I calculate the amount of money? Too many questions and a lack of answers haha Any comment and opinion will be helpful for my. Thank you very much everyone ! [link] [comments]  |
| Career track moved from COO to Chief Strategy Officer. Should I be concerned? Posted: 14 Sep 2021 02:24 PM PDT Hello all, I am 26 and just joined a fast growing startup as it closes its series A. I had been working with them over the summer as part on behalf of my VC fIrm and did well by them so they asked me to stay on. I am business guy getting my management degree from a top school and in this final year I will be working 20 hrs a week and a student full time. I originally discussed joining the team as the COO based on the role I was doing and the teams need. The founder at first verbally agreed to this but then when I got to signing a contract he asked that while I am in school I join as a director. This seemed fair given that I'm only part time and so I agreed but then he more recently said that he wanted to have me step into a VP role then CSO a year or so later. Same salary and equity as the original deal but a lower title and focused on strategy more. He also promised to increase my salary and equity with the bump to VP and then to Csuite. Overall I am not sure if this is better for me as the role seems like a better fit tbh and since I'll be full time remote it might be hard to lead a team of people older than me over zoom, but I am concerned about giving up the title and the delayed schedule. What do you all think? Should I push back to try to get COO even though compensation and equity is the same and the role is less interesting to me just for my career going forward after this? Does the delayed timeline but with escalated pay make sense to folks? [link] [comments]  |
| How to reach potential clients in the US that need software products? Posted: 14 Sep 2021 02:18 PM PDT TLDR: We started a company and don't know how to reach potential clients in the US I'm a software engineer trying to figure out how to reach potential clients that need software solutions for their business. Our team is based in Argentina, we are three people, two devs and one in charge of sales. Right now we are working on a project that is ending soon, this project is doing well and the client is happy with the development. So we are planning to find a project in the US due to similar timezones. About us: we have some experience in healthcare apps with machine learning and computer vision, building SaaS for other companies, and creating some public websites with subscriptions. Our idea is to offer quality service and reliable software products in a fair amount of time. Now if we want to break into the US market offering this kind of software service, how can we start? should we go to the US and try to make some connections there? What would you do? Thanks in advance for your reply. If you want to know more about anything just let me know. [link] [comments]  |
| Posted: 14 Sep 2021 06:27 AM PDT Hi all, I'm currently trying to evaluate a market for a SAAS, but I'm having a hard time quantifying the size of the market since most of the work where the SAAS helps is done internally. A good example would be Github. How would you create a pre-seed market slide for it? Do you have any tips on how to get valid data? Thank you for your time and expertise :-) [link] [comments]  |
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