meta user
network profile
| bio | website | |
|---|---|---|
| location | ||
| age | ||
| visits | member for | 9 months |
| seen | May 18 at 2:04 | |
| stats | profile views | 18 |
|
Dec 28 |
answered | What is revenue stream of free mobile application of games? |
|
Sep 25 |
comment |
Operating agreement that protects the company if two members divorce each other What jurisdiction? Certain states have those provisions built into the law |
|
Aug 30 |
answered | How impactful can a city be to a startup? |
|
Aug 24 |
answered | Running a startup in parallel with a job in the United Kingdom? |
|
Aug 16 |
comment |
Legalities of company rating system You're very welcome, hope it helps! |
|
Aug 14 |
awarded | Altruist |
|
Aug 14 |
comment |
When are Legal Disclaimers (or EULA's) needed? Yes that more or less explains it. You are basically limiting use and protecting yourself. The full scope is quite comprehensive to cover in a Q&A site |
|
Aug 14 |
comment |
Getting Funds for a Startup Basically, design the app yourself and bootstrap, instead of hiring coders and designers in the beggining. |
|
Aug 14 |
comment |
What if advisors are potential acquirers? @Joel - unfortunately you are right in that respect, they do exist. You just need to tuck them as far away as possible, so you don't hear the scream LOL |
|
Aug 14 |
comment |
What if advisors are potential acquirers? One this being their creation as well, and two them seeing these flaws being overcome in practice. Will they pay less, maybe, maybe not. But in all they will give fair value |
|
Aug 14 |
comment |
What if advisors are potential acquirers? Take a look at an artist, most will see their paintings flawlessly, because they created them. Another artist critiquing them, may see the painting as a masterpiece, but still find flaws in them. Reason being, our mind is set up to miss the flaws in our creations, business being one of them. This isn't a rip on anyone, but every one. Every company has flaws, be it Google or Joe Schmoe Crab Shack. It's a matter of how much of a discount a buyer will pay, and how bad he wants it. Someone already vested in the company, would be much more inclined to overlook certain flaws than an outsider. |
|
Aug 14 |
comment |
What if advisors are potential acquirers? @Joel - I agree in a way, however in business as I'm sure you know, feelings should not exist. First and foremost, from a business perspective is money. Everything you pickup beyond that will effect your bottom line in some way or form, usually in a bad way. There have been quite a few cases of people feeling they need to get X amount for a company, and no buyer willing to pay that; which end in a case of them finally accepting about half of the initial offer. That's not an extreme case, it happens all the time. Thing is also, it can be easily explained |
|
Aug 14 |
comment |
Getting Funds for a Startup Umm Private investor lol that's about your only choice beyond bootstrap. Unless you're not in the USA, then you may be able to sell shares, but you'd need to check local law... Why do you need money? You're a coder, code yourself and bootstrap |
|
Aug 13 |
comment |
What if advisors are potential acquirers? Realize this, someone taking your startup to 1 million value, and paying you 800k for it, is better than someone taking you to 500k value and giving you 600k for it |
|
Aug 13 |
comment |
What if advisors are potential acquirers? You get a big chunk of experience, plus you get a potential buyer, so definitely. If you're worried about the price they are going to try to give, don't.. I assume this is your first startup, so likely, you won't sell it for what it's worth anyway |
|
Aug 13 |
comment |
Is bootstrap a startup development methodology? I wouldn't say that bootstrap in it of itself will develop an idea. However, bootstrap will develop the company in a different way than a typical methodology I think. You can't really removing financial aspect from it, since that's the core of bootstrap. Using your own capital will force you to monetize the idea quickly, to replenish your own resources, unlike pre-release funding, allows you to perfect an idea before monetizing. This with bootstrap, is you would develop with the business process in mind, and traditional you would develop with the user base in mind |
|
Aug 13 |
comment |
Is bootstrap a startup development methodology? Well it is a methodology, I was trying to differentiate for you from the "standard" startup definition, but yes I am also emphasizing the benefit. |
|
Aug 13 |
comment |
Is bootstrap a startup development methodology? Additionally, investors will look much more favorably at a bootstrapped company, since the entrepreneur put up his own capital, and will be much more careful in its operation. As much as people will disagree, a lot of startups get reckless in operations, due to people not "playing" with their own money. If you fail there is no loss, however if you own capital is invested, if you fail you lose something personal. |
|
Aug 13 |
comment |
Is bootstrap a startup development methodology? Well that still has to do with financial, although I don't think he explains well. Build and sell is in a way applicable. Most startups try to get financing well at startup, before anything is fully developed. A bootstrap will get the development and marketing out of the way, and start seeking funding once everything is set. I think this is the best way, alas much harder to achieve. It's more valuable for everybody, since the entrepreneur is getting more money for giving up less equity, and the investor is getting a company with a proven product. |
|
Aug 13 |
answered | Is bootstrap a startup development methodology? |
