/r/startups

Photograph via //r/startups

Welcome to /r/startups, the place to discuss startup problems and solutions. Startups are companies that are designed to grow and scale rapidly. Be sure to read and follow all of our rules--we have specific places for common content and requests.


Wiki

FAQs, lessons, and resources


About

Welcome to r/startups, a community for all backgrounds, levels of expertise, and business experience.

What is a startup?

Startups are designed to scale/grow rapidly. Startups utilize tech to do this. Startups can be non-tech companies that utilize tech. Startups are information era companies and they are creating the new best practices in business.

/r/startups

We share interesting discussions and stories about our startup journeys, both the failures, the successes, and the embarrassments. Our best traits are authenticity and integrity.


Rules

1.Relevant Content Only

We are a community of discussion based around startups, not traditional businesses.

All content must be relevant to startups.

You are welcome to ask how to apply startup methodologies to your traditional business if you frame your question in a non-promotional way. We want you to be able to ask any question that helps your startup.

2.No direct sales, advertisements, or promotion

No direct sales, advertisements, or promotional posts of any kind. We have designated places that are an exception to this rule and they will always be stickied at the top of /r/startups.

  • You MAY share your startup in the Share Your Startup thread

Self-promotion is anything you have an interest, stake or relationship with including being friends with someone at the company.

At the end of the day, /r/startups moderators have the final say if your comments are promotional or not.

3.Submissions Serve a Specific Purpose

Submissions are for discussing methodologies, experiences, tactics, strategies, techniques, markets, and other such things WITHOUT tying them directly to your own project using its name or URL.

Titles must be clear and descriptive.

Submissions must have at least 250 characters of content. The more details you provide us the better support our community can provide you with. Life life, the more you put into something the more you get out of it.

4.Feedback Has a Place

All Feedback Requests (including surveys/polls) belong in our Feedback Thread or other appropriate weekly thread

You are invited to repost each week.

Be sure to contribute to the others in the thread and ask them to return the favor to increase engagement.

You may not publicly offer feedback or direct support outside of the Stickied Threads.

5.Rules for Links in Comments/Discussions

Sometimes you think the best solution is simply to link to a resource that might answer someone's question. We want you to be able to link in discussion to relevant content. We also don't want the discussion to turn into a self promotional mess and link farm.

If you are going to link to something in the comments please make sure to:

  • Write at least a sentence explaining why the link is relevant to the discussion.

  • Link only content you have no affiliation with. Affiliate links = banned.

6.Do Not Solicit PM Requests

The purpose of making a submission or comment is to engage in a public discussion with the community.

It is not to request a message from someone.

You are more than welcome to engage privately with one another, but it is up to you to take the initiative directly.

7.Sharing Your Blog is To Start a Discussion

Sharing your blog is not a means to self promote.

A link to the original blog post is allowed with prior Mod approval.

If you are submitting your own blog content, the full body of the content must be included in the post, properly formatted for reddit.

Include an outline & timestamps with a video.

If your blog is over 2000 words you may ask for an exemption.

All other rules still apply.

No blogs about your "startup" journey allowed.

8.Always Be Kind and Supportive

The goal of this community is to encourage people to learn and be inspired to pursue ventures related to startups.

Do not troll, harass people, or be an asshole. This does not mean to lie. It means to give support and explain why you don't like something.

Try to remember people likely do not have much experience yet or might be simply ignorant to what you know.

Be willing to hold a discussion and try to explain your opinion or point of view to the benefit of the entire community.

9.No Unscheduled AMAs

We do not allow unscheduled AMAs.

We need to verify and approve all AMAs.

If you wish to do an AMA you must use the "Message the Moderators" feature in the side bar and you must give us at least TWO (2) Weeks Lead Time to organize it with you.


Similar communities

Notable AMA's


Previous Share your Startup threads


New to the scene? Find your closest Startup Weekend!

/r/startups

1,653,538 Subscribers

1

It took us 4 months to add "Guaranteed Results in 30 days" on our website

In Nov 2023, we started collecting AI directories to launch Boringlaunch (a directory submission service). We managed to collect 100+ platforms within a month.

But we were not sure how much DR and traffic users would get from these submissions.

So we quickly build a landing page of Boringlaunch with Softr, set up a payment system with Gumroad, and a details form with Tallyforms and we try to keep our offering super simple:

  1. We will submit your product on 60+ platforms in 7 days at a 70% discount.
  2. We don’t guarantee any results.
  3. We will share a detailed report outlining each platform where your product has been submitted, not live.

We reached out to our previous productized service users and a few potential customers over DM, as we thought they might not trust our service but they would trust us.

And wohoooo, they loved it

Within 72 hours, we got our first sale, and our early slots were sold out within a week.

We were over the moon, Boringlaunch, got validated

But after a few laughs, we thought we now have to increase the price. Otherwise, it would not be ethical with the early adopters who trusted us, but we didn’t know how good the results would be for our users.

So we simply removed the discount and stopped reaching out to people so that we could focus on submissions for our early users.

Once we submitted for a couple of users, we discovered 4 things:

  1. A couple of platforms are not working or not that good. 2.Few platforms have moved to paid listings from free listings.
  2. Some directories will take months to get approved.
  3. Some products are already listed on directories.

We somehow managed to submit most of the products of our early users on 60+ platforms, but for a couple of products, we barely touched the 50 platforms. So we reached out to them and apologized, stating that we would submit their product on 20+ additional platforms within a week, but currently, we were only able to do 50.

And guess what, they were okay with that.

So we started collecting new platforms ASAP, and within a week, we collected 50+ platforms and did the submissions for our early users.

Then we shared a detailed report with them and asked for a testimonial.

After that we updated our offering to a submission service on 75+ platforms and added few testimonials on the website, and we got 2 sales within 24 hours.

And that was the day we decided we would never stop collecting good platforms, no matter what. As we don't want to repeat the same mistake again.

Till today, we have collected 400+ platforms and directories, but we still offer a 100+ platform service both for AI and non-AI SaaS products as we keep updating our list every week and submit products based on the relevance of the customer’s industry and niche.

If you are still reading, thanks for your time

0 Comments
2024/05/20
13:46 UTC

1

how to do a valuation on my website

I have started a web for my company (started back in 2019 right before pandemic struck), which got me a lot of traffic and the leads were actually quality

The only prob is my sales team isn’t that great & every time they try to close a deal, the global firms would usually steal them away.

I want to sell the web to another global firm who i noticed has an awful website and almost no digital strategy. this firm is huge tho outside of my country buying companies here and there. Its a listed company in the nyse.

I want them cos I also like their brand. Their company culture and prestige.

So question is, how much should I sell the website?

Dont know if it matters but ytd, we have 3 closed transactions with revenue of $14,000 only but our pipeline from the leads generated (verified requirements) is $1.4M

In the past 3 yrs, we collectively made $1.3M

Or should i just keep on working on this and grow/train my team?

Can someone give me some insights here plus how do i pitch to them if I decide to sell haha

0 Comments
2024/05/20
13:31 UTC

2

Client-facing slack channels?

For whatever reason, the founders of my company are insistent that we offer customer support via slack and every time there is a new customer that comes on board, we set up an internal and external slack channel for their project. This leads to clients messaging at all hours of the day, all days of the week, and reaching out to me via DM to ask questions. Sometimes questions will sit in this slack channels unanswered if people aren't tagged or if it's not a question directed at someone specifically. Leadership has also put our developers into these customer-facing channels, so they are constantly getting pinged on and being pulled away from the things they are working on.

I'm just making sure that I'm not losing my mind, in that I absolutely hate this, and this is not a common thing ... or is it?

2 Comments
2024/05/20
13:03 UTC

1

How do I monetize this?

Hey guys,

I’m trying to grow an AI automation agency, so I’ve been experimenting with different services to offer and I built an AI bot that browses the web like a human would and can do research and tasks on autopilot based on a command you give it.

Is there a use case for this? Can I sell this or is it just a cool project that nobody needs?

Thanks!

4 Comments
2024/05/20
12:02 UTC

1

Looking for Effective Problem-Solving Techniques for Startups

As a startup founder, I've encountered my fair share of challenges, from hiring issues to product development hiccups. I'm curious: what are some effective problem-solving techniques you've found helpful in overcoming startup hurdles?

Whether it's tackling hiring problems or addressing technical issues, I'd love to hear your advice and insights on solving them.

0 Comments
2024/05/20
11:51 UTC

4

How to Start Developing my App with Zero Coding Knowledge?

I have this awesome app idea that I’m itching to bring to life, but the thing is, I have zero knowledge of coding things. While I’m an experienced graphic designer, the world of app development feels like uncharted territory to me.

Where do I even start? Are there any beginner-friendly resources or steps I should follow? I've tried looking for YouTube videos, but can't find anything truly tailored for complete novices.

Also, should I consider just hiring a developer to help get my idea off the ground? If so, do any tips on finding the right person and working effectively with them?

Would love to hear your thoughts and advice!

10 Comments
2024/05/20
11:36 UTC

1

“Failed” Product Hunt launch resulted in 25 new users

Hey everyone.

I wanted to share my journey and learnings from launching my web app on Product Hunt (twice).

My first launch was last year in October. I was quite new to Product Hunt, and read and saw posts offering all kinds of tips and tricks to have a successful launch.

So I went ahead and ignored all of that.

I spent about 30 minutes preparing my launch page, took some screenshots of my service, and scheduled it for next day.

Launch day went quite well - it resulted in 90+ upvotes, 20-30 comments, and 15 signups to my waiting list.

Awesome results if you ask me! It validated my idea, I got some people interested, and I got some initial feedback.

Now, about 7 months later, my app went through some great transformation with improved UX and new features, and I scheduled my 2nd launch on Product Hunt - this time 30 days in advance.

Since I invested so much time in improving the app and (trying to) building an audience for it, I thought it would be best to do it right this time.

Even with all this preparation, the results weren’t great. My audience is small, and Tuesdays appear to be the busiest day for a launch (a lot of competition). With that in mind, here are my results:

  • 95 upvotes (#20 position)
  • 6-7 comments (mostly just “Congrats on the launch”)
  • 90 unique visitors to my website
  • 25 new users
  • 2 paid users

Conclusion: Product Hunt isn’t dead - it still brings value to startups. You just need to take the time to build an audience and hype around your product and launch in order to get top 5. And even if you do land a top 5 position, signups and paid users are not a guarantee - it all comes down to the quality of your product/service and the value it provides.

0 Comments
2024/05/20
11:30 UTC

16

If you could go back in time, what would you tell your younger self just starting out?

Say you had the opportunity or the means to go back in time, just around the time you were starting out your small business, startup or whatever, what would you tell your younger self? Also, knowing your younger selves, do you think they would take the advice?

21 Comments
2024/05/20
11:01 UTC

52

5 Email Sequences Every Business Should Have

I spent 40+ hours, analysed successful SaaS and concluded 5 email sequences each one of them have. Summarized it all here.

Let’s start.

1. Onboarding Sequence — 7–10 emails

Purpose — Onboard a customer, take them through your trial, and aim to convert them to Paid Customer.

Days — Number of trials you have.

Emails — 7 to 10 emails.

Email 1 — Welcome. Keep it casual. Share key features (or give them a task), give some brand info.

Email 2 — How to use the product + Guided Tour (best if a person of authority could show. Get your best client to record it for you)

Email 3 — Result-based Case Study (Give them hope that they could get there)

Email 4 — Educational (Niche related Tip + product related info)

Email 5 — Educational (Niche related Tip + product related info)

Email 6 — Trial Expiring notification + Case Study

Email 7 — Trial Expiring +Call to Action

2. Engagement Sequence

Purpose — To engage existing customer. To make sure they’re getting their problem solved, increase brand trust and increase LTV.

Emails — This isn’t about an email sequence but consistently keeping in touch with your customer.

  • Product Updates: Whenever a new feature is launched
  • Monthly Updates: Make it feel personal. Tell them what you launched or troubleshooted last month
  • Educational Content: Atleast twice a month, send them educational content on their niche. It could tie up with your app/saas/biz as well. If you have ecom, it could be trends or what most people purchased.
  • Customer Suucess Story: Share how your customers and clients made money/solved a problem
  • Feedback Requests: Ask for feedback, testimonial or even feature requests.
  • Seasonal Campaigns: You can have seasonal campaigns or competitions or sales.

If you wanna stick to a schedule, here’s one.

1st — Monthly update
7th — Educational newsletter
14th — Customer Success Story
21st — Educational newsletter
28th — Customer success story

And once every 2 months, you can have office hours, feedback requests, or anything they wanna ask. Keep it open.

3. Abandoned Cart Sequence

Purpose — Someone who went to the checkout page and then stopped. Aim to convert them or ask them why they didn’t buy.

Email — At most 5. If they don’t convert in 5 days, they likely won’t.

Email 1 — Reminder Email (1 hour) — Just remind them they left something in the cart. Could be a network or payment provider issue and they only need to be nudged in the correct direction.

Email 2 — Offer Email (24 hours) — You could give them a discount offer, or if you don’t want it to be taken advantage of, you could offer a FREE asset of your niche. Maybe a free audit, free asset of their niche. Better yet, ask a question about what they are struggling with and give them options. And based on what they click — deliver an asset. That asset could have the info they need and a case stufy for the SaaS too.

Email 3 — Social Proof Email (48th hour) — Show testimonials and a semi detailed case study. Share how your customers are successful and how you can help them too.

Email 4 — Limited Time Offer (72 hours) — Throw in some urgency and finish with a Call to Action.

Email 5 — Final Reminder (within 5 days)

If you can, you may also ask the reason they aren’t buying.

4. Sales Sequence

Purpose — To convert a lead to a trial starter (or better yet, a customer)
A lead can be someone who got in with a free asset and now you wanna sell them your business or app. Either start a free trial or let them be a customer.

First up, its possible that not all of them will be converted in 7 day sequence, so if possible, keep sending them niche-related newsletters. Slight nudge in the right direction, with every email you send.

But anyhow, let’s do an email sequence to convert them to a customer in limited time frame.

First up, get them to open the email.So either deliver the asset by the email or send them another free thing and tell them they’ll get it in the email.

What we’ll be doing is, we’ll be giving value via emails too.

Look, leads know they’ll be sold to and they likely don’t even want your emails.

So we will give them a roadmap of learning in the 5 emails, and with each of those emails, we will also nudge them towards buying.

Example — If your business is fitness related, and you have a home workout app, and your lead magnet was 10 day fitness routine. Then in the email sequence, you can give them additional info on habit forming, postures and stuff and take them through how your app simplifies it.

So you’ll be helping them and nudging them towards the app.

Email 1 — Asset delivery + Small Introduction + Tell them what’s coming next
Email 2 — Education + Walk through
Email 3 — Education + Walk through + Social Proof Story
Email 4 — Education + Personalized Walkthrough invite
Email 5 — Offer (limited offer)
Email 6 — Objection handling + Offer + Social Proof
Email 7 — Final Offer + Social Proof

5. Customer Feedback and Testimonial

Purpose — To gather stories from existing customers. You should likely do feedback and testimonials separate and do it in the first 30–45 days of them becoming a customer. Slowly warm them up to tell their story.

For detailed testimonials, like video or case study — you should be reaching out personally to the best people (from your data).

Now let’s discuss the emails.

  • Feedback: Ask for feedback from customers. Give them a feedback form or ask them to go all out and not restrict themselves.
  • Testimonial: Send a polite testimonial request.
  • Success Story: Thank them for using and tell them you’d like to share their story. Tell them the process is easy and for now you only have to reply with “YES”. Most people don’t wanna do it because it requires time. Then find the easiest way to note their story.
  • How I use it + Incentivize: You can also ask people to share how they use your app, have a contest among them, and award prizes. Or incentivize by giving a discount. You can repost it on social media platforms, or use this in your email flows.

Finally, let’s summarize

  1. Onboarding Sequence (7–10 emails) to convert trial users to paid customers
  2. Engagement Sequence for existing customers (product updates, educational content, success stories)
  3. Abandoned Cart Sequence (5 emails) to recover almost-buyers
  4. Sales Sequence (7 emails) to convert leads to customers by providing value
  5. Feedback/Testimonial Sequence to gather customer stories and social proof

With this, it’s a wrap. Hope it helped! Let me know if you have any questions :)

I’m also doing SaaS marketing deep dives over 30 pieces of content, so follow along if you loved it :)

Let me know what else you wanna learn. I’ll read, watch, research and summarize. You can check older posts on the series on my profile :)

Cheers. (3/30)

4 Comments
2024/05/20
10:49 UTC

2

Employee stock options corner cases

I am looking into a few certain situations that are rarely discussed. I understand a lot of it is "read your contract" or "ask your lawyer" stuff, but please tell me about the most common practices, so I get some idea.

  1. If I exercise my stock options before exit, do I pay income tax on the spread, or the FMV can not be established?

  2. What happens to my vested stock options if I am fired before exit? Do I lose them as if I left?

  3. What happens if I am laid-off before exit?

  4. What happens if I leave the company before exit, exercise my vested stock options, then the company goes bust? In that case I have already spent money, but the shares are worthless?

  5. Can it happen that the company owes me stock options (contract has been signed), but never issue them to me? Can the company just refuse to let me exercise the stock options, e.g. by entirely ghosting me? I understand I can sure for this, just want to know if it's possible in principle. Does an intermediate entity "hold" my stock options so that this doesn't happen?

Are there any other cases worth looking into?

1 Comment
2024/05/20
10:36 UTC

0

app name trademarking?

i am making an app for the first time but i am afraid someone will steal the name and damage my app's brand or aomething.

should i trademark my app's name? is it a complicated process? is it expensive?

and most importantly, is it worth it? if not, what are other alternatives?

3 Comments
2024/05/20
08:51 UTC

1

Is this sales strategy crazy for a consulting/saas startup?

Hey guys. I run a procurement startup. We focus on SaaS/tech. Anyways...

I was thinking of applying and/or reaching out to hiring managers of internal sourcing/procurement postings looking for full time. Of course contract/part time as well but there's hardly any of those.

Then if I was to ever get interview/conversations I'd pitch my firm as a contractor/individual/outsourced shop.

Has anyone heard of this type of approach or had any success? Or am I being silly. Thanks yall!

6 Comments
2024/05/20
07:05 UTC

1

On a new membership website, offering free memberships, what are some good promotion ideas that can be offered as as incentive to get more new people to sign up?

I have come up with one idea. It is, to offer people who signup between now, and June 30, 2024 free advertising for a year. However, there must be other ideas I can come up with that would benefit new users who sign up. The problem with the idea I have already come up with is, not everyone has the need for advertising. I'm looking for ideas that would be relevant to the average user.

2 Comments
2024/05/20
06:59 UTC

9

College Founders That Didn't Dropout?

Hey Everyone,

I am currently a founder in college, and I am working on my startup.You often hear about the insanely successful college founders that dropped out of college (Mark Zuckerberg, Bill Gates, etc). However, I was hoping to get inspiration from founders that began working on their startup in college, and continued to do so without dropping out.

8 Comments
2024/05/20
06:42 UTC

12

I learned being a solo SaaS founder isnt for me

Backstory- Im 24 and have ran probably 5+ businesses so far. I cant code and have always done service/product businesses. Never SaaS

Recently i wanted to do a SaaS as I thought i had seen a big market opportunity. I posted in a discord that i was looking to get the MVP made, and after some interviews i found my person. So far it’s been great and hes done a phenomenal job.

Today i asked the dev how much in salary would he need to do this full time. He said he cant’t because he had his own startup.

This truthfully fucked me up because i am so used to being useful. I had to accept that being a solo SaaS founder would likely be the WORST thing i could be. Imagine me hiring a software engineer and then me, the ONLY founder, sitting in my office not writing a single piece of code. I’d lose my entire engineering team.

Should I keep trying to do service/product businesses or bust my ass to find a technical co founder who wants to do this with me?

21 Comments
2024/05/20
05:52 UTC

1

Advice for unusual startup journey?

Hi, if you’re reading this I’d like to thank you for taking the time to do so. Anyway, I had an idea for a startup and went to work developing a business plan, figuring out how the product should look and what features it should have, etc. I’ve secured funding (low seven figures) to hire a team and build the product. I have some prospective clients who if we do business with we’d almost recoup the initial investment (development costs). This is before any money spent on marketing. As I build the team, I will be paying market rate salaries (HCOL area) and giving equity.

My main questions are whoever I hire as CTO, should I give them co-founder status and a large amount of equity or a lower amount (still considerable)? Second, would it be ethical to hire my girlfriend? The reason I ask is she is very qualified for one of the positions I would like to fill and I strongly believe she could get us a lot of business. I have not brought it up to her yet just wondering! Thank you again for reading and would love to get some advice.

8 Comments
2024/05/20
05:37 UTC

3

Recieved an offer to join a startup. What other questions do I need to ask?

Hi,

I recently recieved an offer to join a startup as their lead frontend developer mobile and web. The product is primarily an app that can run on phones and the web.
Currently, the company has 3 shareholders with 50%, 25% and 25% of shares respectively. In addition, there is a small team of 2 developers and 1 designer.
The company is still in it's infancy stages, however a product already exists to an extent and there are 100 customers paying at this early stage. These customers where funneled from the 50% shareholders large (>500k) instagram following. This shareholder has also invested 200k into the company which is being used to cover expenses for now.

I have recieved following offer
Over 2 years a salary of 2.5k / month (30k/year) in year 1, 5k/month (60k/year) in year two.
8% equity, vested over 2 years with a 6 month cliff.
My current salary is 110k / year in comparison, so I would be taking a significant paycut / pay under market rate.

I have following questions to ask / following things are unclear to me at this time:

  • Where is the breakeven point for the company?
  • How are the salaries to be set for the other employees for the next 2 years?
  • Could this be diluted in the future?

Are there any other questions I should be asking?
When you see this offer, what comes to mind?

11 Comments
2024/05/20
03:49 UTC

1

[Hiring/Seeking/Offering] Jobs / Co-Founders Weekly Thread

[Hiring/Seeking/Offering] Jobs / Co-Founders Weekly Thread

This is an experiment. We see there is a demand from the community to:

  • Find Co-Founders
  • Hiring / Seeking Jobs
  • Offering Your Skillset / Looking for Talent

Please use the following template:

  • **[SEEKING / HIRING / OFFERING]** (Choose one)
  • **[COFOUNDER / JOB / OFFER]** (Choose one)
  • Company Name: (Optional)
  • Pitch:
  • Preferred Contact Method(s):
  • Link: (Optional)

All Other Subreddit Rules Still Apply

We understand there will be mild self promotion involved with finding cofounders, recruiting and offering services. If you want to communicate via DM/Chat, put that as the Preferred Contact Method. We don't need to clutter the thread with lots of 'DM me' or 'Please DM' comments. Please make sure to follow all of the other rules, especially don't be rude.

Reminder: This is an experiment

We may or may not keep posting these. We are looking to improve them. If you have any feedback or suggestions, please share them with the mods via ModMail.

2 Comments
2024/05/20
04:01 UTC

2

Tell us how you organize(d) your thoughts/project when first staring your company!

EDIT: the list below is not exhaustive, I'm asking to hear about YOUR process. What worked/didn't for you, what did you learn from, what would you do differently etc. This thread is intended to foster conversation.

I'm going through the process (SaaS) now and trying to be as meticulous as possible with (what I believe to be) pertinent information for the biz, some of which includes:

  1. Pitch/Value Prop
  2. Objection handling
  3. Mkt + competitor research
  4. Product features and workflows
  5. Features needed for MVP vs. Future roadmap
  6. Data modeling
  7. Tech Stack
  8. G2M plans

Etc.

Now the only challenge I'm having is figuring out if I've spent too much time here and am being too obsessive over the details, or if I'll be thankful for having the above in the future and organizing my thoughts and plans in a methodical way..

So, tell us, what did/does your own process look like?

4 Comments
2024/05/20
01:44 UTC

3

Question about whether to hire for AI/ML

Looking for some advice - I am wondering whether I should push to hire someone for our ML needs, or continue as is.

I work at a company in the US with my boss. We are a small startup of just me and him, and I've been here 4 years. He has been the owner for two decades and does all contact with clients. I do all the programming. We were much larger at one point but then had to downsize a few years ago, and then it became me and him. We've been a duo for two years, where before we were a bit larger, and all our clients are French speaking, though we would like to branch to English-speaking.

I am a bit of a jack of all trades, my specialty is backend, but I do work in frontend, backend, and implementing existing AI/ML algorithms, mostly transformers.

We have a software that we built over 4 years that processes documents using a pipeline that uses some open-source multimodal, image transformers, and some non-open source cloud OCR to give us analysis on the data in documents. The user uploads documents, we give back information about the documents. This could anything from quantities, dates, names, addresses, etc in these documents.

We are a both enthusiastic people who are always open for new solutions. We both have a bit of high functioning depression though, because the ML technologies that we use fail to give high quality output that works for the client. Our existing clients feel like our output is not very good, that the AI makes too many mistakes, and our software is unstable. However, they have stayed with us for several years. We have dozens of new clients interested in our software but we both feel like the output quality right now is not very good.

Even though the company has been around for 15 years, we've built a software over the last 4 years, that has had difficulties with clients. However, our revenue comes from another software that is large and stable, that we don't work on. We use this to fund the project that both of us are focused on, which is this AI software.

My background isn't machine learning, even though I work with transformers, I am just managing. With the last year's wave of generative AI, we want to implement open source generative AI to solve our problems. OpenAI is a temporary solution, but not a permanent one.

I am wondering - would it be a good idea to hire someone to handle the AI side of things, and potentially other things. We are both depressed and exhausted, because the quality of our output just isn't good enough, but we both will not let our software die. I am wondering whether I should push to hire someone to take on this role to improve AI. But for two years I didn't push to hire anyone because I didn't feel like they could be successful in our organization, and I want anyone who joins our ship to succeed and have a good experience. I am also wondering whether it is a good idea to place this challenge/burden on someone new. I would obviously be able to help with things.

I don't want to waste any person's time, I want them to enjoy working here and feel they're being compensated fairly but also help solve our problems, which are vast.

Now I think that since our needs are clearer, and so many people are looking for work, might be a good time and opportunity. I myself have attempted to spin up Mistral, Yi, and other models with some success, but haven't experienced any stability with the output, and don't want to get stuck down the open source generative AI rabbit hole while having other problems to work on.

My pay is ok, my boss does what he can. We're both family oriented homebodies that put in long hours (rarely weekends). My salary has gone up by 75% since I started from a support developer to the only developer, though not six figures. He is very informal and wishes he could pay me more. We're both happy but a little overworked. This is a major problem for us. We work remote but live in the same city.

8 Comments
2024/05/20
00:20 UTC

0

Palo Alto

Wassup fellas, is there any guys in the subreddit that live in Palo Alto, the Bay Area or San Fran?

I’m going to be moving there in October to launch my startup as a solo founder. Looking to make some friends to maybe visit and or get roommate?

Little bit about myself my name is Latrell most people call me Trell. I’m from Mobile, AL. I just recently moved to Atlanta, GA last October. I’m 20 years old. I’m an engineer and I work from home.

6 Comments
2024/05/19
23:58 UTC

1

Start Idea Market Validation Question

I am currently working on a software start up idea for an app that helps users optimize their decision making depending on their asset portfolio. The app would help financial decision making, projections over time, and would help its users understand the trade offs of their to-be decisions.

I’m asking for a thumbs-up if you think this is a tool you would find useful or valuable? Please provide me your feedback.

3 Comments
2024/05/19
23:58 UTC

12

How can I overcome the constant feeling of being unproductive and overwhelmed while managing my business?

I'm always in my head about what I should be doing, could be doing, or what needs to be done. I feel a constant pressure that if I'm not actively doing stuff, I'm slacking or not being proactive. Despite consuming content from books and influencers that emphasize the importance of always being on the go, I often find myself stuck, not knowing where to start or what to focus on. This leaves me feeling stressed and depressed, unable to convince myself that I've accomplished anything significant. My work ends up being scattered, like a shotgun blast, where I plan, research, write documents, and implement strategies, but often abandon them due to a lack of results or ineffective systems. How can I break this cycle and find a more effective way to manage my business?

12 Comments
2024/05/19
23:29 UTC

0

Working on a startup to produce and sell e-scooters in Ethiopia 🇪🇹, Included below the whole business description with pictures that describe my whole idea.

https://youtu.be/yBJLUIK1MK8?si=O2UpiJQk9yYsEra1 (Here is one of the completed bike lanes)

Hey there! Just three months ago, the Ethiopian government rolled out this awesome initiative to install bike lanes all over Addis Ababa's sidewalks, jazzing up the city with a splash of green transportation. It's like the whole place is getting a facelift with this massive construction buzz.

Amidst this transformation, my cousin and I are gearing up to dive into the e-scooter scene—we're talking manufacturing and renting them out. Imagine this: e-scooters are virtually unknown here. A friend brought one from abroad, and cruising down the street, he looked like he'd landed from another planet! Everyone was fixated, dying to know where he got it. We see a massive opportunity here; e-scooters could totally reshape daily commutes in Ethiopia, and we're ready to be at the forefront!

Look at Dodai, an electric motorcycle startup right here in Ethiopia—they've just scooped up a hefty $7 million from Japanese VC Nissay Capital in Series A funding. That's pretty inspiring, right? It shows there's a real appetite for electric transport ventures here. Ethiopia's huge, about half the size of Europe, and it's got it all—from deserts to war zones to chic urban areas. Sadly, it's often misjudged by outsiders as just a war-torn, poor country, but that's just scratching the surface. It's like saying Ukraine's struggles overshadow Germany's prosperity—just doesn't sum up the whole picture.

We've got an e-scooter prototype designed in Fusion 360, crafted from 2mm sheet metal, and we've partnered with a local workshop to kick off production without breaking the bank. But we're not just here to build; we're scouting for e-scooter veterans who crave a new adventure, keen to bring their expertise to something groundbreaking. Also, I've heard rumors about e-scooters being discarded in Europe—true? If so, we'd love to repurpose parts like motors or other components we can't yet produce locally. Does this spark an interest? Think you can jump on board and help turn this vision into reality?

I've lined up some images that showcase everything I've described. Let's make this happen!

1 Comment
2024/05/19
23:12 UTC

22

Is starting out the hardest?

I’m in the early stages of my startup journey. Building a founding team, raising initial rounds of funding, validating with customers, etc.

It’s been incredibly challenging and feels like breaking down walls every step of the way. For people who’ve built startups from nothing to large, sustainable businesses, does it get easier as time goes on?

28 Comments
2024/05/19
22:55 UTC

0

Hiring Sales [pre market fit] & unclear ICP (b2b saas)? Road to failure or speeding up the process

I do marketing. Team of 1 in b2b saas. 1st marketing hire ever. I do a bit of sdr work myself.Been there for 9 months. We have a few clients but all from word of mouth. Avc of 20k to 200k. Icp is chaotic in the sense it is not precise. We trying to see some pattern.

We are getting a more clear version of our icp and a few clients but it took 7 months. It's slow.

My boss the founder

wants to hire a part time sales person for the french part of Canada

and hire a sales agency to try to push our product in the USA

We had a sales person before me but he lasted 2 months... wasn't too good with cold call and he didnt get any onboarding or direction. He said he needed sales enablements but he wasn't good with that. My boss fired him.

What are your thoughts on hiring an business development rep pre market fit...

I have a feeling it's a route to disaster as the first rep. Maybe the agency will do better...

I think the founder should be more out there networking, cold dm and cold emailing to nail down an icp.

Then build a sales process than hire.

Thoughts?

2 Comments
2024/05/19
22:06 UTC

2

Your startup business registration choice - where?

We are now in the process of choosing the best jurisdiction to register our startup business and that of course depends on a variety of factors, including tax implications, legal environment, access to markets, and ease of doing business. Here's a breakdown of the top jurisdictions discussed, would be keen to hear what you think!

Options:

Ireland

  • Corporate tax: low at 12.5%.
  • EU Market Access: easy access to the EU market.
  • Startup Ecosystem: strong support for tech startups, access to Enterprise Ireland grants.

Estonia

  • E-Residency: allows non-residents to start and manage an EU-based company online.
  • Corporate tax: no tax on retained profits, only on distributed profits.
  • Digital infrastructure: highly advanced and efficient digital services.

United States (Delaware)

  • Legal environment: business-friendly, particularly for tech startups.
  • Funding: Access to one of the largest venture capital markets.
  • Prestige: Well-regarded jurisdiction for tech companies.

What would you do in this case?

0 Comments
2024/05/19
22:00 UTC

0

help

I have a mobile application idea, but I don't know the software, what can I do?

mzksndjjajajskkxklanxjjskmxnkxkallaşşsöckkalaömckksjsnjakakkxmksllalxmkskallskallaljxkksjsjskcksllammskannwnskkxklslalxmmkslalskxmkakdkjdjjejwklapşamcndjeıoeldnjsuaklksnsjıwoamxnjsklaöansjxıdolwşaljclalamxllamjsomwjdklsmsnkxksllanndksllsmxnkslmandnızıkzkamdnkdpşaşsmncjjslalmsnxjjslwmmdnjxıoalalmxjdklalaönxjsıwopşamsnjallMnxlsşaşamnxksklakddmksllajxjkskksksmnxklöamxklmxnkslmzmjkdkdlksmanjkkkxjkakkznkzlallamdkllsmnskckkslalmxklalalkxksklalxmjdlwlalmkxlalsmkdllsmxjkskakmxjlalalxmnlallxmkslla

3 Comments
2024/05/19
20:34 UTC

1

Which Accelerator makes sense to join?

Hi all,

I have spent the past few weeks researching the advantages of YC and Techstars and just plain ole VC from anywhere. I do not know much about Seedcamp and pearx. I will break this post down to all that I mentioned into pros and cons. Please add in anything I am missing or correct.

Y Combinator (YC):

Pros-

  • Fund start ups from idea stage and continue working with you
  • You get $125k for 7% equity
  • Exclusive deals (free credits, discount on hosting, cap table management, back office etc...

Cons-

  • You need a Co Founder and equity 50/50 split to likely to be accepted in YC
  • They invest $375,000 on an uncapped safe with a Most Favored Nation (“MFN”) provision (the “MFN safe”) (the $375,000 MFN safe would convert into $375,000 / $15,000,000 = 2.5% of the company)
  • YC gets a right to continue to invest in subsequent rounds of financing you raise (a “pro rata” right)
  • You must live in the bay area during the program
  • YC does not pay for accommodation/housing

Techstars:

Pros-

  • You get up to $120k for 6% pre money equity (20k initially and 100k in convertible notes)
  • $5M+ in perks and global network
  • Some programs you do not need to stay at that location for 3 months

Seedcamp

I dont know much about seedcamp.

Pearx

I dont know much about them. I heard they are very selective

VC

Pros-

  • Can provide the capital you need
  • Can provide resources
  • Can provide networking opportunities

Cons-

  • Can take time to make a decision

  • Giving ownership of your company (larger percentage)

  • Pressure to provide high returns

With that being said, I would like to know your thoughts on what you think seems reasonable or worth more thought considering a tech start up at seeds stage with 1 sole founder, a CTO, and UX/UI designer.

8 Comments
2024/05/19
20:28 UTC

1

Advice for an Early Employee

I joined a startup right after graduation as their first-ever employee. I have been working very hard, and my output has been great and getting better. I have been working here for 2 years and was wondering what the career trajectory is like for someone in my position. The company I am working at is about to close its seed funding, and I was wondering what the trajectory is like for early employees, especially those who are new grads in terms of raises and promotions.

Any insight you guys would be able to give me would be greatly appreciated. Feel free to ask me any questions that will help you answer the question better.

3 Comments
2024/05/19
20:24 UTC

Back To Top