Startups Experiences with first time founding a startup v.s. Later times |
- Experiences with first time founding a startup v.s. Later times
- Built something out of necessity now I'm considering going to market
- We are stuck in a loop
- Our startup is in the process of getting acquired and the buyer is promising a SPAC to happen at an unrealistic valuation.
- I’m having trouble coming up with problem/solution for my start-up
- Innovation department as bigCo reached out to work together, anything we should be thinking about to maximize success?
- From your experiences - How accurate/effective are online surveys for market research?
- How to get users on my website to write reviews
| Experiences with first time founding a startup v.s. Later times Posted: 23 Jan 2022 07:29 AM PST I'm quite curious to learn about the thoughts of those who have founded startups more than once. For example, I regularly hear that it's a lot easier to raise funds if you have prior experience, especially if in the same industry. How have your experiences been? How much did the outcome of your first startup affect your second one? Similarly for building the second/third/… company itself - was it really faster and easier than the first one? Or is this more of a myth? [link] [comments] |
| Built something out of necessity now I'm considering going to market Posted: 23 Jan 2022 03:07 AM PST For more context, I've collected some niche data to answer some questions I had. Then I wanted to learn about ML and NLP, so I applied it to my dataset. I considered just being done with the project but there seems to be a small market for access to this sort of data. Traditionally, you're supposed to conduct market research before creating a product or service. But in my situation, now I'm doing the market research. There are only a handful of companies in the space but their pricing strategies are different. Either they display the prices on their product's website, or they put it behind some "contact us to schedule a demo or speak to our sales rep" I'm trying to gauge the demand by analyzing the companies pricing and marketing strategies. It's sort of difficult to do when half hide their prices behind a sales team My question is, why do companies choose to hide their prices behind a sales team vs displaying them on the product page? [link] [comments] |
| Posted: 23 Jan 2022 04:09 AM PST We are developing a meme collab app. We first showcased the app to the meme communities on reddit a couple of months ago. It was really well received and instantly got 1000 downloads within a day. Then, engagement quickly fizzled out after a week. The whole team started to work hard, added a lot more features to the app that we hope could have retained users. We then showcased again after two months. This time, the responses were even more positive and gained us 1.5k downloads within a day. But once again, the engagement fizzled out only after a week. At this point, we really have to start asking ourselves which of these three options make the most sense: 1. Start spending on advertising to gain critical mass? We have not put money into advertisements only into features 2. Refactor our product again with more engaging feature? Third time is the charm.. right..? 3. We should stop and move on. It's a dead end. [link] [comments] |
| Posted: 22 Jan 2022 11:37 AM PST Hi fellow Entrepreneurs, We are a small 3 person fin tech startup solving a very niche problem and one of our existing customers has offered to acquire us. All of us are only getting shares in the acquiring company and they have managed to ease our anxiety of not receiving any cash by telling us that that they are working with a few investment banks to merge with a SPAC in the coming months. Question: They have offered me X number of shares with a $ value of 7 million, assuming their valuation is 1.4 billion. However, I'm confused about what are their chances of actually being worth that much ? Does a SPAC guarantee to raise 1.4 billion ? Or is this the valuation after they start trading or hope to achieve ? When I asked their finance person this question, they mentioned that the company is making 120 million in revenue and an 11.6x valuation (1.4 B) is not unrealistic. Has anyone here gone through something similar ? Is this really possible to achieve 11x valuation ? I'd love to receive any suggestion or guidance around what I should be doing before i sign the dotted line. 🙏 🙏 🙏 [link] [comments] |
| I’m having trouble coming up with problem/solution for my start-up Posted: 22 Jan 2022 04:00 PM PST We all know the old saying. Every start-up should start with figuring out a problem and coming up with a solution. What if I have a start up idea that doesn't follow this generic formula? I'm sure I could piece together a problem/solution for it in there somewhere, but for this idea it's feeling forced to me. I think a lot of you will chime in and say well you shouldn't start a business or start-up since if it's not solving a direct problem. Is it wrong to think that not every idea or start up needs to follow that formula? I'm not saying it's not a good basis to work from when coming up with a business or start-up idea rather I'm saying haven't very clever concepts started many times with a clear cut problem and solution pain point. I'm looking for feedback here. Can I move forward without a clear cut problem/solution or do I need to work harder and focus more on figuring out what I should use for my problem/solution for my start-up? [link] [comments] |
| Posted: 22 Jan 2022 12:49 PM PST This company has a team whose job is to promote the adoption of external technologies. From what I understand, they fund a proof of concept between a startup to allow the business to test the product. I've never done this before, I'm wondering if anyone has gone through something similar and has feedback to make it work? It seems like many large firms have these type of innovation partnership teams. [link] [comments] |
| From your experiences - How accurate/effective are online surveys for market research? Posted: 22 Jan 2022 02:34 PM PST For example, if you have ~10 questions for a quick survey (to do market research - let's pretend your target audience are active in online platforms like reddit, discord) that should take < `2 minutes. What would the outcome potentially be:
[link] [comments] |
| How to get users on my website to write reviews Posted: 22 Jan 2022 11:54 AM PST Hi All, I'm almost done with my website and I'm trying to figure out how to get users come to my website, create an account and write reviews. I'm not selling anything, I just want people to write reviews based on their experience for a specific beach. I don't have all the countries just few for now but I will keep adding as I grow. Since the website is unknown how do I make this public and attract new users? The problem is that I find it difficult to find ideas how to engage people if they don't know about you. Any ideas or suggestions would be very much appreciated. [link] [comments] |
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