Startups Got an offer letter to a startup. What's "first priced equity financing"? |
- Got an offer letter to a startup. What's "first priced equity financing"?
- Making updates on Article of Organization
- SME new to the startup world. Best way to protect IP with VCs and incubators?
- What if you sell a company before you are fully vested?
- Token offerings - the way to finance projects in the future?
- Any startups for new windows/ios calendars?
- Crunchbase pro account - Investors contacts
- Calculating ARR and market sizing
- Recommend me Essential Information Systems for Startup
- Landing Page feedback
- One year on… what do now?
- How should I approach the requirements of a big customer?
- Money for questions
- CTO advise
| Got an offer letter to a startup. What's "first priced equity financing"? Posted: 21 Nov 2021 12:04 AM PST I Got an offer letter to a startup. They told me that I will get a raise of a certain percentage at the company's "first priced equity financing"? So that's my question. What does that actually mean. The job is great pay (without the raise) and so I assume that this means a series A, but I've already signed it, but now hate myself because I don't know if my assumption was right. [link] [comments] |
| Making updates on Article of Organization Posted: 21 Nov 2021 08:59 AM PST Hello, Long story short, I was playing around with the application for LLC in CA and forgot to put the effective date to January 1st, I have no plan to do business in the up coming month. That way I can have franchise tax exemption for 2022. Can I make changes to it right after filing? And how should I go about doing it? If not then can I withdraw my application and make a new one? Thanks a bunch. [link] [comments] |
| SME new to the startup world. Best way to protect IP with VCs and incubators? Posted: 21 Nov 2021 03:22 AM PST I have a background in science and tech (academia) and I have grown to hate academia. I started applying to tech companies and the unexpected happened. I was told that I could probably find a role at an existing company but I really should be running my own show. Fast forward and I have video conferences with VCs lined up. Completely new to this. At the moment I am concerned about sharing enough info to get funding while also protecting my IP. Is a NDA appropriate at this stage, or will scare them off? [link] [comments] |
| What if you sell a company before you are fully vested? Posted: 21 Nov 2021 06:54 AM PST Do you get your un-fully vested percent? How does this work? I am working on a cofounder agreement. We are both vesting over a four-year period. What if we sell to someone else before 4 years? Is this a complication or do we just get what would be our full percent of the project? [link] [comments] |
| Token offerings - the way to finance projects in the future? Posted: 21 Nov 2021 06:51 AM PST Token offerings (also known as ICO, STO or IEO) are a way to raise capital decentralised without any intermediary. It is used typically to finance projects in their early stages. I think it could replace stocks and crowdfunding within the next 25 years. It has characteristics of both and combines it to a from my point of view dominating way to finance projects. Benefits are for example that it is rather cheap compared to other financing methods, has high liquidity, can accelerate network effects and helps to learn about the demand and fair price of a product or service. What is your opinion on this? [link] [comments] |
| Any startups for new windows/ios calendars? Posted: 21 Nov 2021 06:31 AM PST I'm looking for a simple, minimalist, calendar app that has cross-platform support and sync for both iOS and Windows. Basically trying to get google out of my life and looking for alternatives! Any software like this or startups working on something like this? [link] [comments] |
| Crunchbase pro account - Investors contacts Posted: 21 Nov 2021 05:31 AM PST Hey guys, I'm looking for someone to share the paid version of crunchbase, if anyone owns one already. I'm a newbie startup founder and I'm looking to find contacts of investors to pitch to. I was looking through crunchbase and tried getting the paid version of it, but weirdly my credit card is not being validated. I've tried reaching out to their support team but got no response. Help me out please. Also, suggestion of any other resources through which I can get investor contacts will also be very helpful. [link] [comments] |
| Calculating ARR and market sizing Posted: 20 Nov 2021 09:23 PM PST I am trying to calculate the market size for a particular software product with a SAAS model. When calculating the ARR, do I just multiple the annual fee for product x number of customers assuming a multiyear contract? Do I include the upfront services and implementation fee in the ARR? For market sizing, would I include the annual fee for the product + up front service and implementation? [link] [comments] |
| Recommend me Essential Information Systems for Startup Posted: 21 Nov 2021 04:46 AM PST Hello everyone, For my startup company, I am looking to grow to 15 employees. Can you recommend me how to manage my company's information sharing, intranet, password management etc.? I've noticed that we really don't know how many accounts our company has (e.g. Facebook, LinkedIn, Youtube) and who has access to them or is responsible for them. How can I best manage this? Also what other systems are essential for newly formed organization? (Database of employees etc. (That's all I could think of)) [link] [comments] |
| Posted: 21 Nov 2021 08:03 AM PST Hi, I'm Humza, and I am building an on-demand platform for services. I just built my landing page to gather some emails and validate my idea. I was wondering if you guys could check it out and give me some feedback, and if you want you could subscribe and maybe even share the website I would really appreciate it. Thanks, Humza. The website is Beetren.com [link] [comments] |
| Posted: 20 Nov 2021 09:28 AM PST During lockdown I started an alcohol free brewery with some friends. Really was nothing more than something to keep us occupied. Through a whole range of collaborations and some pretty interesting innovations, we've now scaled the business to be producing, and selling over 10x what we were 6 months ago. We've cut our teeth pretty well, weathered our first few storms, disruption, a product recall. We've got here with no investment, other than our own, and no loans, we've not given up any equity. So I'm conflicted. But, honestly I feel like to take the next step, we might need more than fiscal investment, which we will need, but also, someone who knows the beverage industry inside and out. Any incubator / accelerator I can find seems to be owned by one of the big international breweries, who I assume would have little interest in what we do. I'd love to find someone with a genuine interest in what we do to come on board and help guide the ship and seed funding to take it to the next level. But, I just can't work out where to start. What the heck do I do now? Edit for FAQs
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| How should I approach the requirements of a big customer? Posted: 20 Nov 2021 03:12 PM PST Just came back to a sales meeting with a prospective enterprise customers. It's a big one, one of the top ten privately owned business in the US. For a little company like mine, still searching for PMF, it's also a long shot. Though my software solves a pain most acutely felt by big companies, I really don't want to be one of those companies that always seemed to be on the verge of closing some Big Deal. And then, when all the right pieces seemed to be in place, they discover whole new set of requirements that are impossible to meet. My idea was to use growth and revenue from medium companies to incrementally improve the product to a point I could be robust enough to be attractive to enterprises. But the meeting went better than expected! From the last time we've talked and yesterday, my contact had experienced the problem our product solved first-hand. He was excited! He wanted to introduce me to several other people in the company. It looked like I got myself a champion inside! So why do I feel so anxious? He told me their company usually made the following demands.
Now this 3rd demand spooked me. My product is a SaaS, not a software license. The alternative, he told me, would be to get a bunch of certifications they would otherwise require - which would more expensive and take way longer. I could do an one-off, sure. I know that Rappi, now a behemoth in last mile delivery in Latin America actually started out by licensing their application to El Corte Inglès. Even with a one-off software license deal, I could to get some recurring revenue by including a maintenance contract so that, every time I update my product, I send them a new Docker image they can run in their infrastructure... In this scenario, however, I get no usage data that I could otherwise use to improve the product and/or create benchmarks and algorithms on. Since this company also sells technology consulting services, they could simply steal my software and distribute it themselves if they wanted. Sure I could try to protect myself with a contract, but I feel this would be innocuous. It would be very hard, if not impossible, to detect them reselling my software without permission. Even if I did detect them, the legal costs would be nothing to them - and prohibitive to me. Obviously, I'm getting ahead of myself. We haven't even started a POC yet. But still, I don't know whether those are valid fears or simply fear of success. How should I approach this? Do I have any negotiation leverage? Edit: I previously wrote the wanted me to white label it. I may have expressed myself poorly. To paraphrase what they've told me, they wanted their logo to appear on the top of the app sidebar, not mine. [link] [comments] |
| Posted: 21 Nov 2021 08:59 AM PST - Thanks for the meeting. I will come to you next time either with a question or for money. - Better with a question. - Why? Are you sorry for the money? - Well no. It's just that every fool can come for money. But with a good question, only smart.
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| Posted: 20 Nov 2021 03:53 PM PST Greeting everyone, Looking for insights and new perspectives, really appreciate yours ❤️ Just completed my second year as a part time (minimum 8 hours a day so far for the past two years) but I still have my full time job. When I joined the startup there was an app built by a service company and I was approached by the CEO after delivering a session about my experience as CEO for two pure technical startups. He showed me what they have done so far and shared some challenges I helped him with, later that month he pitched me with the other cofounder and I really was all in. I just shut down my previous startup and was eager to start a new journey, and I saw their commitment and enthusiasm. I joined them with 5% and a salary (very low but I was happy) the first month I showed them the plan forward, they liked it and we started flying, I hired the team, launched the first version, we built the culture, new team members joined,…. And things were challenging and exciting all the time. As I did with previous startups, I couldn't afford but to get all in, I compromised my and my family time all for this. Later on I requested an increase in both the share and salary and they both agreed. One year later key software engineers left us to explore new fields or start new companies, these time I was literally dying, I would forget everything until I find replacements and so on. Somehow I managed to keep my performance at my full time job as is, they promoted me and sponsored me to complete my masters study. I shared this with the cofounders and they were shocked! I tried to explain to them that this opportunity will open new doors for us as the masters agree will be in the US as we might find new candidates, new investors and will make me technically stronger. iInitially they said we mainly depend on you as we don't have the tech background, and suggested looking into delaying this opportunity but I insisted that I will manage it all as I did while on my full-time job. Right now I'm finishing my first semester and things are getting challenging more again as to key players in the back and team went part time as they want to start a new adventure and I'm trying to find a new team lead for backend to manage all the operations at that side and also to help me hire and take some of the load. I was sharing these challenges with one of my friends and he said I guess you are not optimizing your time for this opportunity being in the US. He suggested that I step down as a CTO and find someone else to take my place and for the coming year I should focus on getting into the ecosystem here in the US and join startups and learn from the culture here. This option was never in my mind, however the time he suggested that I could not stop thinking about it. Something deep inside me says you will carry the shame all the time for letting down your team, despite all the commitment and the sacrifices we've made for the past years. Especially this time we're we are struggling to find funding and the team is not at its best. For sure I am not planning to leave now, but would love to at least have a plan for the coming 3 months, to work on making me not needed or focus on expansion and growth. I would appreciate any prospective into this, any advice, anything. And would love to address any questions. [link] [comments] |
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