Starting a project. Looking for a partner or doing it myself?

I'm tech guy and I work as backend and frontend developer. I'd like to start a small side project which will rely on backend implementation and iOS app (since only iOS allows such feature, Android doesn't yet). It's very small project, it can be done probably within a month.

Backend, obviously, is not an issue, app is. I have following options:

  1. Learn iOS app development. So I need to buy Mac, learn swift and iOS in general, spend months learning it and build ingit
  2. Use React Native to build an app. This might work, but I don't think that react native supports that core feature fully.
  3. Spend time to search for a partner. Not sure really where to find it online

What do you think would be the best option. Personally I'd like to have a partner since it's more motivating and fun to work on a project, there are different points of view, different ideas and skills.

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

If you didn’t make $1B this week, you are not doing VC right

The only thing more rare than a unicorn is an exited unicorn.

At TechCrunch, we cover a lot of startup financings, but we rarely get the opportunity to cover exits. This week was an exception though, as it was exitpalooza as Affirm, Roblox, Airbnb and Wish all filed to go public. With DoorDash’s IPO filing last week, this is upwards of $ 100 billion in potential float heading to the public markets as we make our way to the end of a tumultuous 2020.

All those exits raise a simple question — who made the money? Which VCs got in early on some of the biggest startups of the decade? Who is going to be buying a new yacht for the family for the holidays (or, like, a fancy yurt for when Burning Man restarts)? The good news is that the wealth is being spread around at least a couple of VC firms, although there are definitely a handful of partners who are looking at a very, very nice check in the mail compared to others.

So let’s dive in.

I’ve covered DoorDash’s and Airbnb’s investor returns in-depth, so if you want to know more about those individual returns, feel free to check out those analyses. But let’s take a more panoramic perspective of the returns of these five companies as a whole.

First, let’s take a look at the founders. These are among the very best startups ever built, and therefore, unsurprisingly, the founders all did pretty well for themselves. But there are pretty wide variations that are interesting to note.

First, Airbnb — by far — has the best return profile for its founders. Brian Chesky, Nathan Blecharczyk and Joe Gebbia together own nearly 42% of their company at IPO, and that’s after raising billions in venture capital. The reason for their success is simple: Airbnb may have had some tough early innings when it was just getting started, but once it did, its valuation just skyrocketed. That helped to limit dilution in its earlier growth rounds, and ultimately protected their ownership in the company.

David Baszucki of Roblox and Peter Szulczewski of Wish both did well: they own 12% and about 19% of their companies, respectively. Szulczewski’s co-founder Sheng “Danny” Zhang, who is Wish’s CTO, owns 4.9%. Eric Cassel, the co-founder of Roblox, did not disclose ownership in the company’s S-1 filing, indicating that he doesn’t own greater than 5% (the SEC’s reporting threshold).

DoorDash’s founders own a bit less of their company, mostly owing to the money-gobbling nature of that business and the sheer number of co-founders of the company. CEO Tony Xu owns 5.2% while his two co-founders Andy Fang and Stanley Tang each have 4.7%. A fourth co-founder, Evan Moore, didn’t disclose his share totals in the company’s filing.

Finally, we have Affirm . Affirm didn’t provide total share counts for the company, so it’s hard right now to get a full ownership picture. It’s also particularly hard because Max Levchin, who founded Affirm, was a well-known, multi-time entrepreneur who had a unique shareholder structure from the beginning (many of the venture firms on the cap table actually have equal proportions of common and preferred shares). Levchin has more shares all together than any of his individual VC investors — 27.5 million shares, compared to the second largest investor, Jasmine Ventures (a unit of Singapore’s GIC) at 22 million shares.

Startups – TechCrunch

“Experimentation, learning by doing and listening to others is key for any entrepreneur”: Interview with Infarm’s co-founder Osnat Michaeli

Where did the food on your plate come from? Was it from a neighbouring EU region, or perhaps a vertical urban farm around the corner in your city? Osnat Michaeli is co-founder and CMO of the fast-growing German agritech scaleup, Infarm. Since 2013, the Berlin-based startup has grown to be one of the world’s fastest growing…

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The post “Experimentation, learning by doing and listening to others is key for any entrepreneur”: Interview with Infarm’s co-founder Osnat Michaeli first appeared on EU-Startups.

EU-Startups

Startup incubator cooperative, anyone else doing it?

We are a group of people, with different skillsets (backend/frontend devs, marketing/sales, customer support), with individual entrepreneurship background, and few ideas worth exploring and we are thinking of starting a cooperative for incubating startup ideas (SaaS /mico Saas/mobile apps mostly).

We should work together on building MVPs and bringing them to market and either building a separate team around the project and handing it over or even selling the project afterward.

Do someone around here is doing something similar? I'm interested in how it works, what do you think are the pros/cons, and any other tips or opinions.

Thanks!

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

Do you get that sinking feeling when you see another startup doing what you’re doing – this is normal right?

The industry I'm building in is becoming quite trendy, and I've seen a bunch of early stage competitors researching on reddit lately. I'm wondering if it's common to get a sinking feeling/minor anxiety when you see others doing what you're doing? Is it fair argument to say… the ones who build the best product, the fastest will win out? I try to use this feeling to just keep pushing me on

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

What are the absolute most important things I should be doing while my tech co-founder builds the MVP?

I recently had a calll with someone who specialises in validating startup concepts pre-launch, he was super helpful. I specifically asked him what I should make sure I work on while my tech co founder is building the MVP, it will be finished in 1-1.5 months hopefully.

This is what I've done so far to validate the idea (before I had a tech co founder):

  • Survey 1200 skincare fans (its a skincare startup)
  • Interview 50 of them on the phone for an hour
  • Create a waitlist landing page
  • Drove traffic to it via Facebook ads (targeting skincare fans)
  • Got 250 signups in 2 days, turned the advert off

So I'm aware that this is a good start but no-one has actually exchanged money for this idea, though in theory there is demand. He said that, while my partner is building the MVP, I should conduct a wizard of Oz experiment. While I think this is a good idea, I also think it is probably quite time consuming, and I will also need to be working on getting a group of beta/pilot customers together, since I expect we'll be working on product market fit for a while (if all goes well).

I'd like to know – do you think I should do the Wizard of Oz experiment? and also, what other things are absolutely crucial for me to work on pre-beta? I am CEO (of nothing right now, ha) but my core skills are marketing (day job) and product.

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

India won’t give up on Ease of Doing Business despite World Bank suspending report this year – The Financial Express

India won’t give up on Ease of Doing Business despite World Bank suspending report this year  The Financial Express
“nigeria startups when:7d” – Google News