Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys/polls are welcome) |
- Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys/polls are welcome)
- Agribusiness, which connects investors to farmers.
- Transitioning into product at the same startup
- Did you regret NOT trademarking?
- VCs classification by tiers? (���� India specific)
- Tip for founders: a first principles approach might help you get unstuck.
- Taking A Leap of Faith- Kevin Lee
- How to do effective Surveys at very beginning?
- Applying to startups
- Receiving money from an Angel Investor
- MVP requires user reviews
- Why do Convertible Notes get a discount, but not Equity rounds?
- Documentation videos. How do you deal with them in the long term?
- Where do you learn who your competitors are?
| Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys/polls are welcome) Posted: 24 Feb 2022 09:01 PM PST Welcome to this week's Feedback Thread! Please use this thread appropriately to gather feedback:
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| Agribusiness, which connects investors to farmers. Posted: 25 Feb 2022 01:54 AM PST I have made a crowd forming no-code page to connect investors with the farmers. I am living in Pakistan and making capital accessible to the farmers who are short of money for the harvesting cycle. Investors get their due share after the harvesting cycle. A simple solution for farmers and people who want to invest in farming in Pakistan. I am facing a few problems 1. Which is the best way to contract things between farmers and investors, and where I can find templates like "docpanda" for contracts for such kinds of deals related to agribusiness. 2. What should I include in the contract paper specifically in investors' contract paper to make things easy and make investment deals more secure, including insured crops and cattle contemplating climate effects for a crop or vegetable season. 3. What fees should I get out of such deals, a fixed margin. It depends upon the amount of investment or should I set a lower price limit for investment? 4. What do you think about this project, I am doing business within the local market. [link] [comments] |
| Transitioning into product at the same startup Posted: 24 Feb 2022 06:12 PM PST Hey all! So I work at a series A startup as a ops & strategy manager and I love my team. I was reporting to the CPO and now reporting to head of strategy. My salary is 110k+ and expecting to increase more. I should mention that I'm above average technical for someone in my role. My team and other people usually come to me for technical questions where our engineers are too busy to answer. Recently, the CPO and founder (my ex manager) asked me to help with product work and lower my strategy involvement as we don't have a product manager and having a hard time hiring one. Is this awesome? Yes Now I don't know if I should ask to work on thr product side full time or not. Obviously product manager is a hot job now and it would set me up for great things. In the meantime, my strategy and ops background and exp is super valuable here and remains my biggest skill. What do you all think? I would like ask them to do a bootcamp or something to get myself familiar with product management more. We also have a product advisor that I can use. Should I do this or would it be moving away from what I know/good at? [link] [comments] |
| Did you regret NOT trademarking? Posted: 24 Feb 2022 11:50 AM PST Did you regret NOT trademarking? I'm trying to weigh whether the time and cost of doing so is worth it. Iv'e been pretty successful in the past in just putting the TM symbol for slogans and products in the past. Just don't know if registering is worth it. I'm based in the USA. [link] [comments] |
| VCs classification by tiers? (���� India specific) Posted: 25 Feb 2022 03:29 AM PST Currently a MBB associate. I'm aware that Tier 1 consists of Matrix, Accel, Sequoia, Lightspeed, Blume, Nexus, Elevation, Tiger. Tier 2 would maybe include Antler, Orios Tier 3 would include Titan Where would you put the rest of the VC firms like Kalaari, Chiratae, 3one4, 100X.VC, Mumbai Angels, Better, Venture East, Helion, DSG Consumer, Bessemer, Norwest, Jungle Ventures, Ankur Capital, Naspers, Unicorn India, Khosla Ventures, Kae Capital? [link] [comments] |
| Tip for founders: a first principles approach might help you get unstuck. Posted: 25 Feb 2022 05:19 AM PST The first-principle approach is notoriously difficult because it requires you to think differently, not just more. And yet, it seems to be the only effective way out of a humdrum business idea. Basically first principles means that if you get stuck, think about the basics. It's an exercise of trying to identify assumptions and leaps of faith you have already made. Doing you can reexamine your business idea and make progress. Here are some great quotes by Elon Musk and Reid Hofman founder of LinkedIn on first principles thinking: Elon Musk "We get through life by reasoning by analogy, which essentially means copying what other people do with slight variations. And you have to do that. Otherwise, mentally, you wouldn't be able to get through the day. But when you want to do something new, you have to apply the [first principles] approach." People would say, 'Historically it's cost $600 per kilowatt-hour, and so it's not going to be much better than that in the future.' And you say, 'No, what are the batteries made of?' First principles means you say, 'Okay, what are the material constituents of the batteries?' "You just have to think of clever ways to take those materials and combine them into the shape of a battery cell, and you can have batteries that are much, much cheaper than anyone realizes." Reid Hoffman: First principle thinking is the idea that everything you do is underpinned by a foundational belief, or first principles. Instead of blindly following directions or sticking to a process, a first principle thinker will constantly ask, "What's best for the company?" and, "Couldn't we do it this other way instead?" If you want to learn more about first principles thinking I enjoyed this article Farnam Street: [link] [comments] |
| Taking A Leap of Faith- Kevin Lee Posted: 25 Feb 2022 05:15 AM PST COO of Lazada Malaysia, CEO of Lazada logistics, and today doing it all again by founding his own startup. This is Kevin Lee. Both of us joined a fortune 500 oil and gas company on the same day back in 2005. However, our path diverged, in 2012 when Kevin took a leap of faith, leaving his comfortable job, to join the uncertain world of Startup. Here, he set up a warehouse in a small suburb in Malaysia which grew the first Electronic World Trade Platform (eWTP) fulfillment center outside of China... This company was Lazada In 2016 Lazada was bought over by Ali-Baba with a valuation of USD 3billion. and Kevin become a key member in @lazada_my from the CEO of Lazada Logistics Malaysia to then the group COO What drives him to take the leap of faith and be successful? and how did he overcome the challenges in following his passion and be able to reach the pinnacle of the e-commerce industry at such a young age? and build a unicorn in the process? I manage to catch him all the way from [link] [comments] |
| How to do effective Surveys at very beginning? Posted: 24 Feb 2022 10:41 PM PST Suppose there is an aspiring startup, so the first thing to be done is obviously collecting viable data... So how could someone do a effective Survey as a total beginner to collect the information needed, given that they have already tried via WhatsApp spread of survey link, Facebook ads, Sharing via friends? [link] [comments] |
| Posted: 24 Feb 2022 11:15 AM PST I secured an interview for a dream position that would be virtual with the possibility of eventually relocating to a city that I love. Everything appears perfect, but the compensation is listed as "meaningful equity ownership." That doesn't really pay the bills, does it? I'm not even sure what it means. Can someone explain what it is and how I can negotiate a salary instead? [link] [comments] |
| Receiving money from an Angel Investor Posted: 24 Feb 2022 03:00 AM PST Hi guys, I am in need for some advice in regard to receiving funding from an Angel investor. Essentially my Co-Founder and I have been working on our app for a few months. We applied for TechStars and got an interview, but at the moment we haven't really got a working product just the backend development done. It will take us a few months to complete the app, as I need to learn Flutter from scratch with no experience (1 month in so far). Anyway, to the main point. My Co-Founder's family member said he wanted to invest 200,000 for 25% - which would be huge, and he would sort out the accounting,financing etc. I have a few queries around this:
Essentially, I am concerned about what I should look for in terms of contracts etc - as I don't want this to backfire. Any advice would be great, thank you! [link] [comments] |
| Posted: 24 Feb 2022 09:08 PM PST A few friends and I have been tackling a problem that we face ourselves by building an MVP. The product relies on user reviews to be useful. As we prepare to launch the MVP, we're concerned about a few specific things: 1) how will we attract early users without data that makes the app useful? 2) how can we incentivize users to provide data? Would love to hear the community's thoughts on MVPs that rely on user reviews! [link] [comments] |
| Why do Convertible Notes get a discount, but not Equity rounds? Posted: 24 Feb 2022 12:26 PM PST I have some investors interested in Convertible Notes (our preferred method), and another big name investor who wants equity. Our CN has a 20% discount or conversion on a value cap. The equity, as I understand it, would be priced at our CN value cap. Is this correct? Main question:Why do Convertible Notes get a discount, but not equity investors?Basic math for the discussion:
We stand on the shoulders of giants... so thanks in advance for your help! [link] [comments] |
| Documentation videos. How do you deal with them in the long term? Posted: 24 Feb 2022 02:34 AM PST How do you deal with the fact that documentation and tutorial videos of a SaaS or website get outdated very quickly? For example, if the CSS changes, or you slightly change the copy. Did you just remove videos from your documentation, like Stripe, or do you re-record them every time something changes? [link] [comments] |
| Where do you learn who your competitors are? Posted: 22 Feb 2022 07:49 AM PST Title. Do you read lots of tech articles or what? TechCrunch or what? I have startups ideas surrounding education and housing (making buying a house easier). Where can I learn more about who the current startups are pursuing these areas as well as about previous startups who have failed before (to see why they failed to learn more). [link] [comments] |
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