So i have an idea for a new website. Its a mix of erotica and bandersnatch. Its not a big money maker by any stretch. The revenue model itself would have to be add based. I think it might be interesting in the long run to run analytics of human responses. Looking for people who would like to get involved with the project. Web developers with some design capabilities preferred but not required. Plenty of DIY platforms that we can use. Hmu if you’re interested.
Anyone ever tried to raise venture funding knows, he/she needs to prove to an investor the business can reach $ 100M ARR. I have always been thinking about this, have some questions, and would like to get any inputs you would like to share.
- Using a bottom-up method to calculate TAM, do we use the price of the current MVP or an imaginary product that embodied the full, grandiose full vision? If using the latter, how much validation is expected?
- Is the $ 100M revenue a regional number (e.g US) or the world-wide number?
- Is a $ 1B TAM required to convince an investor of the possibility of this $ 100M ARR requirement?
- Does the type of startup matter? Do investors judge pure software SaaS with other technology-enabled startups under the same rubric? Their margins can be quite different. For the likes of AirBnB, Uber, Amazon (eCommerce department), WeWork, this type of businesses can quite easily achieve a large ARR. They cannot just use their GMV as their ARR, can they? If you count in the goods exchanged, or services involved in these market-type businesses, their gross margin is not likely to be good looking. How are the TAM and ARR calculated for these startups?
Here is my situation:
- I've always used the price of our MVP and end up much lower than $ 100M. I know the mantra of "making a few people really happy" and going after them with a high price tag, only to complete your startup story, but when those a few people became your friends, you kind of don't want to ripe them off for your own purpose. My plan was to expand the product to bring much more value, then get a higher price, but that seems hard to convey clearly during the short period of time people listen to me.
- I have always used the US numbers and ask people to x10 for world-wide numbers. It's perhaps to my disadvantage doing it this way because the 1st number would stuck in people's minds and I can see them thinking, boy that is too small.
I'm a delivery driver for a couple of the food delivery apps, and there are things that I feel that they do wrong. But, I'd love to know what it takes to actually have a food delivery app run from a tech perspective. Maybe I'm under estimating the amount of horsepower it takes.
I've created a mailing list that's growing by the day to teach coding skills and data science. I'm planning on doing a hack-a-thon / bootcamp in near future but want to find sponsors
what I plan to offer in return is free advertising (as I'll be promoting the bootcamp/hackathon pretty heavily with free and paid adds as well as to the mailing list) + coders competing to find best solution to your unique business problem
what are some strategies I can use to find sponsors?
I wanted to hear from people who run a newsletter as the primary business. Would love to hear your general advise, what steps you took to grow the list, and other tips to improve or gain traction.
Feel free to DM me to chat about it there as well
Thanks in advance
COVID-19 has ultimately left me with about 15% more time in my day, so I figured I'd put that to good use. I'm curious about those browsing this subreddit with both an interest in both entrepreneurship and the funding side of the ecosystem (VCs).
I've worked in VC for a few years now, in a very new space, and noticed a lack of "getting started" information available for people who found themselves at a VC fund as an analyst or other early role.
If you have an interest in the VC side of the startup environment, I'm wondering:
- Are you here to learn about entering the VC industry? Or are you here to learn about how VCs are behaving in certain investment verticals?
- If you're learning about entering the VC industry, what kind of information do you feel is lacking to you?
I'd love to start a dialogue here and get people involved with a centralized resource. I know I wish I had found one. Even if there's fewer people here exploring the VC side of the startup ecosystem, I think any more insight into the VC side of the table would be useful.
I'm currently in junior in HS, and for the past year I've invested a lot of time into learning coding and projects; also, given the situation with COVID, I have nothing but time to develop these skills for the foreseeable future
I am interested in learning/gaining experience aside from just technical skills, such as gaining real work experience, as well as learning about how startups run first hand, in addition to the myriad other things that are immediately relevant to real-world software development outside that arent just writing code.
My question is first, will interning (or volunteering, whatever you call it) at a startup help me learn about these skills and will it ultimately be a useful experience for someone who is interested in pursuing computer science in college and likely a related career in future? Or, will my time be better spent elsewhere?
Secondly, I am curious as to how I might go about beginning this. I got this idea of working at local startups by the recommendation of my CS prof at the community college I am concurrently taking classes at. I live in area where there is a decent amount of tech startups but I don't live in the big tech hotspots like San Jose, so I need advice regarding what exactly small startups might be looking for so I can maximize my chances of getting to work with them. I'm not expecting to be able to do much for them as a HS student, but I do want to hone my technical skills beyond just menial work (which has been my experience while working at local research labs; things like "clean this beaker", etc).
Finally, would a tech startup even be interested in taking a HS to help intern for them? Like I mentioned earlier, I have a decent amount of experience coding as well as a few CS classes from my local CC under my belt, but clearly this is very little compared to many other people. I intend to send emails out asking the local startups regardless, but I want to know what I'm doing first.
We are at an MVP stage. No formal customers, lots of high-level contacts, but the team is still not complete. Finding that CTO is damn hard. However, the concept is out.
Turns out today that the CxO of the biggest potential customers I could ever dream of serving is interested in becoming an advisor as he loves the concept.
Now, I have no way to compensate him financially for his time. But I could grant him a small equity stake (0.1-0.5%).
He would be a massive reference – imagine you're starting an electric car manufacturing company, and you have the CxO of GE or Ford on your advisory board.
To me, it sounds that giving out a bit of equity for this massive name, would help dramatically to onboard co-founders/talent, raise funding and win large clients.
Am I delusional though?
Would love to hear your experience.