Hi: Congrats on getting your service app to this point. Fundraising takes a lot of energy and time--more time than you think it will. Instead of embarking on that journey right now, consider channeling your time and energy into generating sales: Bootstrapping the promotions and marketing to start...
The most powerful element of your brand in the early-stage of your startup is your reputation. Every interaction you have can positively build (or negatively impact) your brand. This can't be bought, but can be easily lost. Common ways I've seen start-ups lose their reputation early: 1) Not l...
First, congratulations on your recent funding/recruitment successes! This is an excellent question, and a transaction I have been directly or indirectly involved with numerous times before. Each circumstance can be unique, the two most important considerations to look at as a starting point wou...
This is a complicated question that likely requires legal advice particular to the startup. However, compensating employees at a seed stage typically takes the form of stock options or restricted stock units (RSU)s. Stock options essentially give you the right to buy shares at a certain price (“...
Congratulations on the opportunity...! I've seen situations like this from the other side, working for a big ERP vendor. To try to answer your questions out of order: How to structure? Based on the info provided, the simplest thing would actually be no specific arrangement at all. Lots of ERP ad...
The questions seem quite open. Usually funds and serious institutions place description of the required fields, or at least underlined examples of what they expect. You have answered the questions above, although I suggest structuring it and revising it. Have someone within the details of the bu...
I started my last company and grew it with $20,000 to $12 million in 10 years. And while I was in the early phases, I did put in on my resume.. So, I believe you should. If it is a registered business entity and you are working it, it is still what you are doing, regardless of revenue of the c...
I've discussed ideas with hundreds of startups, I've been involved in about a dozen startups, my business is at $1M+ revenue. The bad news is, there is no good way to protect ideas. The good news is, in the vast majority of cases you don't really need to. If you're talking to people about your ...
Your Team will have a direct impact on whether or not you will succeed as a business. I know exactly how hard it can be, especially when peoples lives are in your hands. Even more so if you outsource, outsourcing might seem cheap by our standards but that money goes a long way overseas, so usual...
The way I higher anyone is to find people who already do amazing work, approach them for advice on my projects, see if their a fit for our team and skills - then over time (as I work on a project with them) convince them that our company is the best opportunity they have. So, back to your questi...