Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys welcome) |
- Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys welcome)
- Guilt From Not Putting Enough Time Into Startup
- Founders who raised money vs Joining a Fang? Which would you choose?
- Guidance needed!
- Startup acquired prior to my start date. What does this mean for my equity?
- Is it still illegal to publically announce that you're raising a ps/seed round?
- Need Projection Help!
| Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys welcome) Posted: 29 Oct 2021 10:00 AM PDT Welcome to this week's Feedback Thread! Please use this thread appropriately to gather feedback:
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| Guilt From Not Putting Enough Time Into Startup Posted: 29 Oct 2021 10:32 AM PDT As the title says, I feel really guilty that I am not putting enough time into my startup as I should. I am a first time founder planning on launching an e-commerce store, but I feel like life keeps getting in the way. From my job of running our family business, to helping other family members with their financial issues, and trying to maintain some sort of social life outside of work I haven't worked on my startup in a week. It's very on and off where some weeks I can dedicate almost all my time to it and others none. I feel really guilty and like it's never going to take off at this rate. Please fellow redditors, give me some wise advice if you've ever felt like you've been in my shoes before and how you moved forward? Thanks. [link] [comments]  |
| Founders who raised money vs Joining a Fang? Which would you choose? Posted: 29 Oct 2021 05:19 PM PDT Hey all, I have two options in front of me, and I'd love to hear the thoughts from the founder community here, particularly those who raised money from investors to run a high-growth startup. Path 1 - I have sourced a small software business that is willing to sell to me. It's an old, legacy product that has been run as a lifestyle business by the current owner. He wants to retire (is late 60s) and he didn't think he could sell his business with such low revenue. Has about $900k in revenue across 350 customers in the b2b compliance space, so the product is a need-to-have. I have some investors who want to give me money to buy the company, rebuild the product into a modern solution, and pay for a year's worth of sales/marketing. This incredibly de-risks it for me, however, they want 55-60% of the equity and the expectation would be that I'd turn this into a high-growth startup (TAM is $9b+). Path 2 - I have a technical master's from a Stanford/Harvard/Cal and am in the interview round up to be a PM at a startup with expected comp around $200-225k, which would be AWESOME. Context: I've done some entrepreneurial stuff before - cofounded a startup that is still running in SF (was a part of it when it was pre-revenue), helped my buddy file IP for novel technology and we were going to raise money to turn the IP into a product/company but an established brand wanted to license our IP so we took that route. I also bootstrapped a small eCommerce biz on the side and sold it (~5 figures). I've always been entrepreneurial. Most recently, I was at a Fortune 1000 company doing PM work and really didn't like it. I didn't like the politics and impediments to execute, so I left earlier this year to look for a small business to buy. However, I'm 33 y/o, < $500k NW, single, and really want to find someone to settle down with and have a family. This part really makes me want to stabilize my life. So, I have an option to pursue the path I've always wanted (my own startup), but I also realize that I'm getting to the age where I need to start stacking skills and experience for a FAANG. I don't want to be 38 after a failed startup and be applying to individual contributor roles at a FAANG. I also think if I play it right with a role at FAANG or a few high growth startups, I should be in the position to retire early. And lastly, going the FAANG/employee route would stabilize my life and perhaps be more apt to find someone to settle down with. Has anyone who been in a similar position? Looking for thoughts to help me think through this. Thanks All! [link] [comments]  |
| Posted: 30 Oct 2021 02:03 AM PDT Hi guys! I actually wanted guidance from you guys regarding something. I wanted to build an app for Ios/Android and windows/macos as well. I have an idea and I want to make it into an app! I'm a commerce graduate and I basically don't have any knowledge in coding and all. What is the next step that I should take in order to convert this idea to a final product? [link] [comments]  |
| Startup acquired prior to my start date. What does this mean for my equity? Posted: 29 Oct 2021 06:50 PM PDT The startup I'm set to join in a few days has entered into an agreement to be acquired but may not go through for many months. I've already signed to join them awhile back. Would it be possible that this sets a new strike price for my options if my option grant date hasn't happened yet? If the original agreement is honored this can be great news, but if not, I could be in a substantially worse position comp-wise, no? Has anyone been in a similar position before? How did it pan out? [link] [comments]  |
| Is it still illegal to publically announce that you're raising a ps/seed round? Posted: 29 Oct 2021 06:00 PM PDT I know the SEC has changed rules dramatically, allowing for more crowdfunding and public solicitation, but let's say I'm a small startup with 20k MR who wants to post on LinkedIn to my network that my startup is fundraising. Will I get in trouble or can I get away with it? Thank you! [link] [comments]  |
| Posted: 29 Oct 2021 06:23 PM PDT Hello! Stuck trying to figure out what my projected revenues will be for an upcoming investor meeting and pitch. Looking for Angel investment and I know these are one of the questions that will come up. I know my target audience and market and have the numbers on the serviceable market, I just don't know what and how to be able of percentage I can convert year over year. Please help! Thanks [link] [comments]  |
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