• Breaking News

    Tuesday, February 8, 2022

    Home Unlabelled Startups Inferiority complex

    Startups Inferiority complex

    February 08, 2022

    Startups Inferiority complex

    Inferiority complex

    Posted: 07 Feb 2022 10:23 PM PST

    Hello everyone, I'm 19 and started learning coding and other things to start a start-up ,but when i see people like 14-18 year old kids who started coding and building at very young age and also when i started reading biographies of successful startup founders i hv seen everyone of them started at very young age which results in have this feeling of inferiority complex , don't know how to overcome this . it's really a bit depressing . Can you please share your thoughts on how to overcome this please and examples of people who aren't prodigies but still made successful start-ups .

    submitted by /u/Puzzled_Director586
    [link] [comments]

    How to convince my company to buy back my shares when I leave?

    Posted: 08 Feb 2022 04:45 AM PST

    Hi there,

    I need help on how to convince my company to buy back my shares when I leave.

    I'm leaving the private company I work for with a healthy amount of shares. We haven't spoken yet about what is going to happen with them, but when the discussion happens I want to be fully prepared as I'd ideally like for them to buy back 70% of them. A few employees have left and the company has bought back their shares, but the amount is most likely a lot less than mine. I suspect my conversation will be more difficult. Thoughts below.

    Arguments why the company would buy them back
    - They can take back ownership of these shares
    - As they hire, this will free up shares to give future employees

    Arguments why the company wouldn't buy them back
    - It's more money than they've paid out
    - They don't want to set a precedent for other employees (even though I wouldn't say anything)
    - They don't care as my shares % isn't a lot at the end of the day

    Why do I want to sell some of my shares? I was one of the first employees and worked like a dog for a number of years to get us to a team of 100+. The buyback of shares is not a lot of money for my company but could be life-changing for me.

    How can I convince them to buy back most of my shares?

    submitted by /u/Thea8507
    [link] [comments]

    Idea Testing : Schools of thought

    Posted: 08 Feb 2022 09:03 AM PST

    One of the popular schools of thought for building a start-up is the 'Test your MVP till its viral' way. If this is indeed true and it works, why do we have stories of people taking a decade of hard work to build ?

    If Idea A was pursued, it was obvious that it saw a certain virality in MVP and then it would be a better of a few months to make the fully working version of the final product and there should be adoption, almost immediately. At worst, with a certain marketing and distribution. Surely, this cannot be called a slog and harrowing experience.

    So when founders / start-ups say their building years (decade or so) was the toughest phase they'd ever seen, I am unable to mentally correlate to what it was spent doing ?

    Noob here. Point out to it if I'm missing something. Grateful.

    submitted by /u/Acceptable_Income663
    [link] [comments]

    PR Tips for Startups: Crafting a Killer Pitch and Pitching the Right Journalist

    Posted: 07 Feb 2022 12:42 AM PST

    Thank you all for your kind words about our 1st article PR Tips for Startups: Where to Start where we looked into what are news hooks and learned different content types. If you missed it, you can read it here https://www.reddit.com/r/startups/comments/sho7ub/pr_tips_for_startups_where_to_start_with_pr/.

    So now, let's prep a killer pitch that will help you to win a mention or even more – get interviewed by major tech blogs.

    First, let's take a step back and find the right media contacts, whose beats are close to your industry and your product or service.

    Beats

    In journalism, beat reporting, also known as specialized reporting, means that a journalist covers a specific area (climate, personal tech), topic (proptech) or subject. In other words, they are focused on a particular issue, sector, or even on an organization (Apple, Google, Tesla) or institution (the White House, NASA).

    Pitch length

    Second, you need to know how your journalists prefer to receive the information. Some of them, like Mike Butcher, the Editor-at-large of TechCrunch, want you to send all possible facts and figures accompanied by your competitors' info and the market data. It's gonna be a long email. But not every journalist wishes to see that kind of pitch in their inbox.

    According to a recent study, 91% of journalists prefer pitches under 200 words. Nearly half prefer 1-200 words and a quarter prefer just under 100 words! Brevity is the soul of wit, right?

    Crafting a killer pitch

    • Start with a well-thought-out headline. There is nothing that annoys journalists more than a headline that doesn't match the story. So don't try to use a clickbait-like headline, instead make it informative and easy to understand.

    • Once you've set the scene, it's time to bring your details to life. What proves that your solution is outstanding? Numbers (if you're early stage, focus on growth %), your social impact, and maybe prominent names that are somehow involved, such as well-known mentors, accelerators, ex-Uber managers on your Board of Directors, PhD R&D director.

    • Remember to tailor your pitch to the individual needs!

    • End your pitch with a yes/no question, like "Would you be interested in discussing the topic", or "talking with our Chief of Science", or "Do you want to learn more? I'm happy to chat this week."

    • Add your contacts, a link to your Google Drive where you store your startup's pics, videos and presentations. Obviously, don't share what you don't want to be seen by third parties.

    Who To Pitch

    It is now time to find the best person who works for a media publication to capture their attention and to take notice of your story.

    Let's start with an editor-in-chief, the 'boss' of a media publication who is ultimately responsible for its operations and policies. But it is not like in a computer game where you need to defeat a boss, bombarding them with your endless pitches and countless follow-ups. You'd better avoid this fight. We mean, don't pitch to them, ok?

    Next, there are editors who oversee reporters, photographers and other staff members. They usually assign stories to cover, edit those stories and decide whether to run them. At larger papers, each section (e.g., Tech, Business) has one or more editors responsible for the content of that section (e.g. Fintech, Bitcoin, Crypto, Space, Google, etc). You can see regional editors, night editors and managing editors. The last ones administer the day-to-day operations of a publication. Apart from generating story ideas, assigning and editing content, it also includes overseeing spending and production schedules as well as editorial calendars; and supervising editorial staff and freelancers.

    A news editor oversees the news content of each edition. They will assign stories to reporters, liaise with the sub-editing and photography departments, and decide the priority and importance of news articles.

    There are assignment editors who are responsible for the content in a specific section of the paper (e.g. Local, Business, Features). They deal directly with reporters assigning stories, working with reporters on their coverage, suggesting angles, and doing the initial editing of reporters' stories.

    Journalists, in turn, investigate, write and report news stories themselves. They are responsible for identifying important trends and coming up with well-researched topics.

    Reporters are a subset of journalists. Many journalists work as reporters, but not all reporters are journalists. Reporters are usually engaged in the direct gathering and communication of information, usually through primary sources such as first-person interviews. The material they communicate is usually -- but not always -- limited to the facts they have gathered; editorializing or sharing opinions on the news is not considered part of the reporter's role.

    Some reporters are correspondents which means they specialize in a field, such as apps, venture capital, health, business or edtech. Others are feature writers who cover topics in more depth or write human-interest stories.

    A columnist gives opinions, usually his or her own. A columnist is expected to gather accurate information, just as a reporter does, and then comment on that information. A columnist has more latitude and license than a reporter and is not constrained by the rule of impartiality that governs news writing. While they are subject to the editing and approval of one or more editors, columnists can write just about what they please, as long as it remains within the boundaries of good taste and public acceptability, as defined by the paper.

    Follow-ups

    Let's say, you don't want to irritate a journalist. But what if your pitch got zero replies? How can you decide if you should move on? Send a follow-up email! When? Well, according to the research, 86% of journalists are OK with a follow-up email within one week of the initial message. Mostly all journalists say it's OK to send at least 1 follow up email.

    ​

    The smart way to contact a journalist would be to consider all his or her preferences in pitch length and structure, in time of the day when they check the inbox (oh yes, good timing is vital), of course, their beat and news agenda, also what they've covered recently, making sure they are not on vacation or if they are going through some personal issues. Sound hash! But it is possible!

    Was it useful? Please share your thoughts and feedback 💛

    submitted by /u/surfingsunnydog
    [link] [comments]

    Can a nonprofit startup attract investments?

    Posted: 07 Feb 2022 09:59 AM PST

    Hi!

    Me and my friends are working a small social-impact oriented IT-project, and we're thinking about registering an organization and trying to attract investors. It's hard to grow without money, so we're spending our savings on the project.

    The social-impact nature of the project directs us toward registering a nonprofit. But none of us is experienced in the legal and business areas so we just don't know where to begin. And we're really unsure if "investments for nonprofits" is even a thing.

    It's easy to find info on how an LLC should look for investors. It's understandable why investors might invest into an LLC - they invest money to get the money back with a huge interest.

    But does that work for nonprofits? Are there any success-stories about nonprofit startups attracting investors?

    submitted by /u/submergedmole
    [link] [comments]

    How do I stay in control when it comes to business decisions?

    Posted: 07 Feb 2022 11:37 AM PST

    I need to be in control of things, otherwise I cannot guarantee success.

    I am working on a project together with a team of 3 developers.

    So far I avoided introducing any kind of hierarchy to ensure they are self motivated and don't feel controlled. However now that's coming back to bite me.

    One of them is disagreeing on a few things with me and trying to push through his opinion on business matters. However, he's not a business guy.

    For example he doesn't want to incorporate in a tax-friendly jurisdiction because he wants to pay taxes for better roads. Lovely but that is not in the interest of the business…

    Which measures can I take to be in control of business matters without being too authoritarian?

    submitted by /u/NotYetCEO
    [link] [comments]

    University equity stake in spinoff companies

    Posted: 07 Feb 2022 05:29 PM PST

    What's the standard equity percentage that universities take in return for patenting inventions? I'm thinking of submitting a patent request to my university's IP department and would like to have an idea of what they'll be offering as a deal if they do decide to reclaim some ownership. I know from reading through their policy statement that they basically own any IP generated on campus and normally offer a "take-it-or-leave-it" equity deal that can go up to 85% on their end. Any personal experiences would really help!

    submitted by /u/coffeepoop101
    [link] [comments]

    Help Needed: Powdered Drink Mix Question

    Posted: 07 Feb 2022 10:57 AM PST

    Hey all, I'm looking for some guidance if anyone can help me. I am researching a start up concept for hydration drink mixes based in the USA. Actual Federal guidelines seem to be hard to find as I am looking to create a business that creates energy drink/electrolyte powder packets rather than drinks in a can or bottle. Would anyone have any pointers or guidance to point me in the right direction?

    Thank you!

    submitted by /u/blightyusa
    [link] [comments]

    How do food ordering companies like Door dash, GrubHub afford to give a tablet or phone to each store? Who pays for it?

    Posted: 06 Feb 2022 12:31 PM PST

    I have an idea, where the idea needs restaurants to have a small printer to put sticker on the food. [Note: idea is not about printer or putting sticker on food. When idea becomes reality, each restaurant needs to print the bill and stick it on food. Without this the idea might not work].

    How did those startups in this space accomplish this? Does payment companies like square or POS companies have any option?

    submitted by /u/LawOfVibration999
    [link] [comments]

    Contributor License Agreement equivalent for a closed source company?

    Posted: 06 Feb 2022 05:32 PM PST

    Hi everyone,

    I've got a prospective co-founder/CTO for my startup that wants to start contributing/maintaining the codebase. We're going to do a trial period to see how we work which means no equity agreement in this trial period. What type of IP agreement do I need to make for a contributor/maintainer that won't be getting paid that is until an equity agreement is reached. The closest thing I could find for this was a CLA but that seems to be only for open source projects. Any advice?

    submitted by /u/kakakalado
    [link] [comments]

    Do investors/angels help and guide founders issues?

    Posted: 06 Feb 2022 12:02 PM PST

    What kind of issues they help with?

    Hiring first 15 engineers, supply chain issues, hiring hardware team.

    Let's say founder background is in tech(software) and worked for mid sized startups. Built a product with contractors and freelancers and product is generating revenue (say ~1M USD per month).

    Let's say as next set of products and development, the company requires - funding for hardware design and production. - the founder shrinked his/her circle to focus on startup for last few years(3 ideas failed in MVP stage). So, zero to less network. Will investors help in hiring first 15 engineers?

    I'm not looking for hand holding, but first time founder and not much business background. i always do my homework. A startup could have several issues on its way. But I gave few examples and wanna hear usually in industry does investors help? If so, what level.

    submitted by /u/LawOfVibration999
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment