Anyone have experience in selling homemade chocolates/candy online? If so do you have any advice on the topic?

This is just something I’ve had a personal interest in since I was a kid. Dream come true I guess. My main selling points would be (Made in Canada) and would donate a certain percentage to Canadian charities like the Calgary Food Bank etc.

Also I would make sure to incorporate local pleasures like maple syrup, gooseberries etc.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

[STARTUP TECH ENTREPRENEURS WE NEED TO TALK] *R&D Tax Credits* Tech founders are using them to claim thousands of dollars every year? Has anyone here been through the process?

As a tech founder, this is something that I'm seriously considering.
I was wondering if anyone here has had experiences with claiming R&D tax credits, how long the process takes, CPA's, or 3rd party services like Neo.tax.

For those wondering what R&D Tax Credits are:

  • "The R&D tax credit is for taxpayers that design, develop, or improve products, processes, techniques, formulas, or software."
  • "It's calculated on the basis of increases in research activities and expenditures—and as a result, it's intended to reward companies that pursue innovation with increasing investment."

Any insights or recommendations would be very welcome!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Does anyone remember the name of this web application?

I think it was posted here a couple of weeks ago.. The developer of the website was posting here to advertise his work thusfar. Basically from my memory the website was able to tell you what products had entered the united states and who manufactured the product for the importing company. Or something to that effect. If anyone remembers this post please link me to it.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Does anyone have experience giving equity to a CTO, who wants to join as a cofounder a year after the company has been running? I originally paid him to build the app as a contractor. He now wants to join at a much-reduced salary but want 30% equity (vested over 4 years), which seems a lot.

I'd appreciate any good practices and things to make sure I do in an agreement like this.

A few points:

Me:

– I have taken all of the risks so far and I am the only employee currently. I have been the one that has gained the traction and I have invested my savings into the company, savings I mainly used to pay him to create the app initially.

– I expect the company to grow a lot in the next few years so equity could be quite valuable assuming an exit in 6-8 years.

– I also will likely need investment if I am to employ more people, which this company needs to scale up properly, but if I give away 30% to a CTO that doesn't look good when trying to get investment (usually investors will ask for 20%+), and I don't want to end up with only 50%.

– I would prefer to get investment and then just give him a basic salary and a very small equity stake. The problem with this is getting investment takes a long time and while I'm trying to come up with some kind of deal, the business is stagnant as he's not working on anything because I can't afford the inflated prices he's now suggesting if I don't give him equity. At the same time finding another dev would be very hard at this stage as it's a complex app with a lot of code.

– He has built the app, but to this point I have been paying him as a contractor, so he has taken no real risk, apart from missing out on some bigger contracts as he offered me a discounted rate based on me committing to him for a long term contract. But this is pretty normal and I don't think represents risk.

– He is a talented developer with a lot of potential and also for a software guy has a good business mind, which is valuable.

– The downside to this huge potential is that I don't expect him to stick around until exit, so I want to make sure I don't give away 10% of my company to someone who will leave in 2 years.

Maybe it could be a potential of milestone and time based vesting? Does anyone have any good tips for coming up with a good equity deal without too much risk?

Any help would be greatly appreciated!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Anyone else get anxiety about their startup/idea being “too late”?

thinking "if only I thought of this 12 months go, id be golden". How do you overcome this? I had this idea for an app abut 12 months ago, It would have been perfect to launch during these covid times, but now I'm having a bit of anxiety that it will end (covid/lockdown), or that someone else will think of the same idea and realize it befior eme, beat me to market.. I guess what I should do is write everything out, so that I get an overview. Right now, I'm just getting started, my mind is all over the place, its so easy to get discouraged. Anyone relate?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Has anyone previously launched with a private beta and then public beta? What did you learn and what would you do differently?

I'm starting to build an MVP and will then create a private beta, followed by a public beta if it is successful. Naturally it's both daunting and exciting. I'm looking for lessons from people who've done it before. Some questions I have

  • How long (roughly) should I expect each stage to last?
  • Did you stick to the KPIs you set out for the beta programs?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Has anyone ever successfully implemented a milestones-based vesting schedule? Tell me your secrets

So I've found a CTO who will be working with just me (super early stage, founder style). He is interested in a milestones-based vesting schedule rather than a time-based one. I know, I know, there are lots of pitfalls of this type of vesting schedule, we are not 100% set on it, but I wanted to know if anyone has successfully implemented one of this kind? If so – how did you work out the milestones when you were so early stage? How did you address the milestones inevitably changing after a few months and years?

We're considering a milestones based schedule up until a certain point, maybe the first year or two, then changing to a time based vesting schedule. Does this sound ridiculous or unfeasible? Let me know what you think

Thanks

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Anyone know the procedure and approximate prices for shelf life testing pre packaged food? (UK)

I’m starting a Hot Sauce company and I’m wondering how I can get my sauces tested to calculate the expiry date?

What I imagine happens is that we make a batch, bottle it and send a bottle to somewhere. They give us the expiry date which we then put on the rest of the bottles from that batch.

Is this right? Does anyone have recommendations on where I can get tests?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Can anyone make sense for me of SoftBank giving another one bilion of dolars to WeWork w

https://www.forbes.com/sites/noahkirsch/2020/08/15/softbanks-latest-lifeline-to-wework-is-a-fresh-snub-of-adam-neumann-but-what-happens-next/#6befdb8d2003

For me, this just total nonsense. It seems that Softbank invested 10-20 bilion dolars to WeWork and current valuation of the startup is 2 bilion dolars.

Is there something I am missing?

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Startups – Rapid Growth and Innovation is in Our Very Nature!