Mobile App Queries & Discussion

With a little IT background, here's my doubt, with a little add ons (small check box or another row below) on the mobile application got to stop the whole process of development, is that so?

Is it normal for a web (wix) & mobile application (IOS & Android) to cost a 100k or more & usually how long does the mobile application takes to build, isit somewhere between 6-12 months?

Been very stressed out recently, anyone that has been on this path, would love to hear from you and feedbacks are very much appreciated!

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

Extra Crunch Live: Join Superhuman’s Rahul Vohra for a live discussion of email, SaaS and buzzy businesses

An email app with a waitlist? No, this isn’t 2004 and I’m not talking about Gmail. Superhuman has managed to attract and maintain constant interest for its subscription email product, with a wait list at over 275,000 people long at last count – all while asking users to pay $ 30 per month to gain access to the service. Founder and CEO Rahul Vohra will join us on Tuesday, June 26 at 2pm ET/11am PT for an Extra Crunch Live Q&A.

We have plenty of questions of our own, but we bet you do, too! Extra Crunch members can ask their own questions directly to Vohra during the chat.

We’re thrilled to be able to sit down with Vohra for a discussion about email, why it was in need of change, and what’s bringing so much attention and interest to Superhuman on a sustained basis. We’ll talk about the current prevailing market climate and what that’s meant for the business, as well as how you manage to create not one, but two companies (Vohra previously founded and sold Rapportive) that have adapted email to more modern needs – and struck a chord with users as a result.

Meanwhile, SaaS seems to be one of the bright spots in an otherwise fairly gloomy global economic situation, and Superhuman’s $ 30 per month subscription model definitely qualifies. We’ll ask Vohra what it means to build a successful SaaS startup in 2020, and how there might be plenty of opportunity even in so-called ‘solved’ problems like email and other aspects of our digital lives that have become virtually invisible thanks to habit.

Audience members can also ask their own questions, so come prepared with yours if you’re already an Extra Crunch member. And if you aren’t yet – now’s a great time to sign up.

We hope to see you there!

Startups – TechCrunch

Extra Crunch Live: Join BLCK VC’s Sydney Sykes for a discussion on fostering diversity in venture

Tech has dropped the ball. For an industry that holds so much power, and prides itself on being ahead of the curve, the diversity of venture capital and among tech entrepreneurs leaves so much to be desired. More than 80 percent of VC firms don’t have a single black founder. It’s no surprise, then, that the vast, vast majority of venture funding comes from white men to white men.

This is why we’re excited to sit down for a chat with Sydney Sykes, co-founder of BLCK VC, a community by and for Black VCs. You can join this Zoom webinar and ask your own questions, or tune in for the live broadcast on YouTube. The episode airs at 1pm ET/10am PT on Thursday, June 11th.

Sykes graduated from Harvard University in 2016 with an A.B. in Psychology and a secondary in Economics, where she served as President of the Harvard Undergraduate Women and Business, the largest undergrad business org at the university. She held positions at Pandemic Labs, Proverb Ltd., the Massachusetts Dept. of Transportation, and the Federal Reserve Bank of Boston.

In 2016, Sykes joined New Enterprise Associates as the first analyst on the tech team in Menlo Park, with a focus on consumer investments, particularly zeroed in on the mobile space. After more than two years in venture, Sykes moved to the operations side and works at a fashion startup in SF while continuing to co-lead BLCK VC .

Sykes started BLCK VC alongside Frederik Groce in 2018 with the mission to increase the number of Black investors in tech. Specifically, BLCK VC wants to go from 200 Black investors to 400 Black investors by 2024.

The organization does this by offering resources for VCs and investors looking to navigate the industry, as well as forums for communication among Black investors and the broader VC community to tackle their diversity and inclusion efforts head on.

BLCK VC held a “We Won’t Wait” day of action on June 4, urging VC firms to discuss the ongoing protests and share with their portfolio companies and teams how they’ll respond, as well as to donate to organizations that are fostering change and look hard at their own diversity and strategize on how to improve.

Sykes also wrote an article this week on the steps firms can take to actually make a difference, including having honest, inclusive discussions about diversity, donating to organizations that are creating change, and diversifying their talent and pipeline.

We’ll chat with Sykes about the short- and long-term strategies that VC firms can employ to become more diverse, hear her thoughts on funds that focus on underserved founders like A16Z’s donor-advised TxO fund and SoftBank’s $ 100 million Opportunity Growth Fund, and check in on how ‘We Won’t Wait’ went.

Audience members can also ask their own questions.

Because we think this is a critical conversation to have, we’re making this episode of Extra Crunch Live free to participate in or view later.

We hope to see you there!

You can add the details of the call directly to your calendar with this link.

Startups – TechCrunch

Upset/Anxious after shareholder equity discussion

Hi everyone,

SHORT VERSION:

  • at month 1, initial shareholder equity discussion split was 30% for the person who brought the team together and the rest divided amongst the remaining 3 cofounders. Nothing was signed.

  • 5 months later, we want to formalize the company and issue shares, the friend that brought us together has suddenly shifted his stance, he said he deserved 60% because he believes he’s the glue of the team and without him we wouldn’t have pursued this opportunity.

  • after a back and forth, the shareholder split stands at 40% for the friend, and rest will be divided amongst the rest of us. 3/4 of the team agreed to this, however I do not agree. I’m still upset at the sudden change in initial understanding we had amongst us. My share went down from 23 to 20%, while not much, the principle of the changing our initial understanding is really pissing me off.

  • is my outrage justified? How would you deal with the situation if you were me? If I start my own company, is that unfair to the current team?

  • In terms of contributions, my contributions have been the most impactful so far, so I’m definitely pulling my weight and more.

LONG VERSION

Five months ago a friend approached me (along with 2 others) about starting an SaaS, the idea is not unique, however it is a great fit to the market we’re in.

Our initial discussions and understanding (month 1) regarding shareholder equity was that the friend that brought us together will get 30% and the remaining shares will be divided amongst us. However, we haven’t signed anything.

We are now in month 5, we’ve been a bit slow in execution, but we are moving forward. We still hold our full time jobs and we’re about to put in money to develop our brand indemnity and our UX/UI and also sign our shareholder agreement.

Fast forward to today (5 months), the friend that brought us together has out of the blue said that he feels he’s the one keeping us together and is the glue of the project, hence he believes he deserves 60% equity. The rest of us were surprised with the new development. After a back and forth, the other cofounders have agreed and are happy with 40% going to him while we split the rest relatively equally.

I’m very upset at the sudden shift in conversations and initial understanding amongst us. While from a percentage perspective, my share has dropped from 23% to 20%, I am still very upset and my mind keeps on racing regarding what happened.

The last thing I want is to be part of the team and have resentment going forward.

However I’m not sure if I’m thinking straight as I am emotional at the moment.

Can someone who has been through a similar experience share their thoughts please? Is my outrage justified? Should I split from them and start my company, would that be fair to them?

Thank you!

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

Discussion with a Cofounder

Hello, I recently had a discussion that came up with my co-founder and I want to ask your point of view:

We are creating a social network for people to communicate with each other, like Twitter (of course with a different value) and our revenue model is In App Purchases, like coins to exchange with badges to give to users posts or comments (like Reddit or TikTok). Later we are going to add advertising (but when we reach more users).

What he says is that he wants, in addition to those badges in app purchases, add other customizable things for users for purchase such as the color of the border of his profile photo, a background photo in his profile, an avatar next to the photo and more things that affect the UI and users can customize their application the way they want.

I told him that it is a horrible idea because it seems like a game (like plato) very playful, not a social network (if not, every social network would have done it). I am completely against that thought, i hate that users can change all that because it is not clear what we communicate as a social network. I told him we should communicate who we are, minimalism design and don’t let users customize stuff.

His explanation is: we want to earn money and if we offer more ways and options for users to purchase and is easy to create it, we don’t lose anything and we earn more money, like if we offer more ways is simpler to earn money.

What I think is that there is no social network doing that. They might have a reason. Offering too many ways to customize your social network confuse your users. If not, Reddit would have done it to monetize better.

What do you think? Am I right? Is a good way to earn money offering too many in app purchases options to customize the design on a Social Network?

Thank you!

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