Tag: having

Having all founders start at 5% equity

I am thinking about the fairest way to split equity among co-founders and came up with an idea: What if you had all founders start at a very low equity stake (5%) equally. Those founders then had 1 year to prove themselves and at the end of the year, all contributions/performance was evaluated and a higher equity split was determined based on that year's performance.

This is, of course, assuming no investors or partners were onboarded during that time.

Is this dumb?

submitted by /u/captain_DA
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Startups – Rapid Growth and Innovation is in Our Very Nature!

I’m having a real hard time choosing pricing model for my B2C app I’m launching soon

Self funded solo founder here. Launching my MVP soon. It's a niche B2C productivity app with a twist. Subscription based.

I'm completely stuck on what pricing model to use. I don't have any direct competitors that do exactly what my app does, so I can't really compare pricing models.

There are many variations I've considered:

  • Free tier + Paid tier

  • Only free tier but having ads

  • Only paid tier but with 14 days free trial

  • Only paid tier but with 30 day money back guarantee

Does anyone know how I should go about tackling this problem?

I've not yet found good resources online about pricing models within the B2C space. There are a lot of resources talking about the actual pricing but not pricing models

Any insight is appreciated!

submitted by /u/drum_playing_twig
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Startups – Rapid Growth and Innovation is in Our Very Nature!

I have a agri e-commerce business based in mumbai and i am having a hard time attracting new customers…..

How should I plan out my marketing strategy with minimum budget and good conversion rates. I provide my service to Mumbai suburbs area. People place orders through website, WhatsApp and calling. I have tried Facebook and Instagram marketing but the conversion rates are very low.

submitted by /u/Holiday-Jackfruit105
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Starting Completely New, Having that Stupid Nervous Moment

Sold my company for a bit less than I could have, but wanted a clean break so that I wasn't held back by emotions of what I've built up for these last several years, all the work and passion and now it's gone.

Now I'm starting a new business, well within my skillset but I'll be getting paid differently from anything I've really done in the last two decades. I'm used to working very hard and very smart, and now I'm much older and I'll mostly only be working smart… hard work won't really be a crutch for me anymore during the hard times.

Super confident but also having that moment of extreme anxiousness because there's no turning back now!!! Maybe I'm just exhausted and I'll feel better after sleep, if I can get any….

Not used to these feelings of self-doubt. Advice will be greatly appreciated!

submitted by /u/Sliver_God
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Startups – Rapid Growth and Innovation is in Our Very Nature!

I’m tired of having no idea how to improve the product and make my users happier. Asking them doesn’t work, I need to optimize with the collected data. Somehow. Who here has a similar problem? How do you guys go about this in your business?

So I have an app with some user base and really want to make it better. Found out some bottlenecks, but that's that. When I ask my customers, they don't really know, how to improve the product, so I need to find the answer in the data. Demographics etc. doesn't help, I somehow need to get into my users' subconsciousness xD and find out, where their dedication lessens.

There should be a solution – would love an advice. What are your ideas? How do you solve this problem in you startup?

submitted by /u/imPaus
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Which is more important in a co-founder? Having the skills or having the same vision?

Which is more important in a co-founder? Having the skills or having the same vision?

Not really sure how else to expand how this topic, I posted this before but it got removed because it didn't have enough characters. But just want some general input, having someone who has the same vision as you would probably last a long time in the company, whereas someone who has the skills may just want to keep their eyes on the stock options and profiting after exiting the company.

submitted by /u/Bat_Programmatically
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Startups – Rapid Growth and Innovation is in Our Very Nature!

What are the logistics involved (operation, tax, etc.) of having an software service company and operating in states other than the one you are filed in?

I’m in the process of getting setup for an app and currently live in Texas. I want to file my business in the cheapest tax state to file, Texas, or New York (where I also live). This has me thinking though, if I am operating an app nationwide, do I have to file for a business license in every state which the app is live?

And more so, how do Texas and New York fare as far as licensing, taxes, etc.,? I know different states (Nevada, Delaware) have policies that are much more lenient and favorable to small businesses, but how do New York and Texas fare?

Also, the lawyer I’ve talked to quoted my at $ 2k to accomplish everything pertaining to filing and business license acquisition; is this a fair price?

submitted by /u/b7d
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Startups – Rapid Growth and Innovation is in Our Very Nature!