Entries tagged startups in 2013
What are some examples of startups funded simply for the strength and uniqueness of its founders rather than for any particular idea?
A good portion of YC companies fit this definition—it’s common for YC to fund the team and then work with them to help them either fix their initial idea or find a better one.[... 64 words]
The winter program generally runs from January until March, with application deadlines the previous October (this year the deadline was was October 21st). Interview invites were sent out on November 4th, and interviews themselves in Mountain View were November 15th-19th. Teams get a yes or no answer the day of their interview.[... 98 words]
It’s completely fair. If you’re building a web-based startup these days, you should be able to demonstrate initial traction on an idea with very little up-front investment—a couple of months of your time and a few hundred dollars in hosting costs, perhaps. Being able to do that is an excellent indicator that you’re a good bet for a seed investor. If you are unable to do that, you’re a much higher risk for investment.[... 129 words]
TrustEgg (YCW11) help people open trust funds for their kids: TrustEgg Allows Anyone To Set Up A Trust For Their Kids | TechCrunch[... 38 words]
The founders were active participants in the open source and Ruby on Rails communities. The first users were people they knew in those communities (GitHub accounts were invite only at first).[... 44 words]
Stripe has excellent support for subscription payments, including helping manage recurring payments and pro-rataing for upgrades to plans half way through a billing cycle etc. I believe BrainTree offers similar tools.[... 88 words]
As a non-technical single founder for a web startup, is it better to hire a design firm to build the prototype, or find a technical co-founder?
Find a co-founder. The problem with using an outside agency to build your initial prototype is that you won’t really start learning about your product until after you have launched it. You need to have the talent available in-house to then make changes and improvements based on the feedback you get from real users.[... 123 words]
How does one actually find Angel investors, when our business/startup is taking off and we need to grow fast?
The best way to approach angels is via introductions. To get introductions, you need connections to people who are known and trusted by angels.[... 281 words]
I’ve been working alone for about a year, how do I get out of this feeling of loneliness because no one is around me?
This is why co-working spaces exist. I don’t know which country you are based in but here in the UK most cities and many larger towns now have at least one tech-focused co-working space where you can rent a desk on a month-to-month basis and have a work environment outside your home with other freelancers with whom you can socialize.[... 129 words]
Yes, this isn’t that rare. I think the Hipmunk crew went through YC, despite having previously gone through as part of reddit. The Erics from clutch.io had previously participated in YC as part of Convore.[... 51 words]
Big Nerd Ranch have been offering iOS and Android for several years now. A friend of mine went in the iOS course a while ago and spoke highly of it—he has since released an app to the App Store.[... 62 words]
Yes. The goal of incubators and accelerators is to obtain a small amount of low-cost equity in promising companies and then help them grow and reach their potential.[... 122 words]
Is there any way if turning this in to a recurring revenue product? It’s enormously easier to get money from an existing customer (since they already know that your product works for them and is worth the cash) than to sign up a brand new customer.[... 140 words]
I’d look at hosted SaaS solutions rather than running your own. I haven’t tried it myself but I’ve heard excellent things about www.shopify.com[... 47 words]
Very unlikely. One of the questions on the Y Combinator application form is something along the lines of “Which of the founders listed on this application are ready and able to work full time on this project—please explain”. If none of your team are able to work full time on the project, your chances of being picked over other teams who CAN commit are vanishingly small.[... 91 words]
In which case have you seen a non-tech sole founder rise to build a sustainable great company without a tech co-founder? How can this work? What are the steps/advice you would give to the non-tech founder?
Here’s a great write-up of his experience: From Selling Scoops Of Ice Cream To Founding ZeroCater | TechCrunch[... 110 words]
If you only need $10,000-$15,000 you should be looking at funding it yourself—professional investors very rarely get involved for that size of raise, and you probably wouldn’t want them to—giving up equity in exchange for so little money is usually a bad idea.[... 90 words]
Go and work for an early-stage startup. Pick well and you’ll learn a ridiculous amount in a very short space of time: excellent preparation for later striking out on your own.[... 47 words]
How can I find info on startup companies in stealth mode in a particular market segment before they launch?
The whole point of stealth mode is to prevent you from doing this. That said, if you make sure you’re well connected with entrepreneurs and investors in that particular space you’ll increase your chances of hearing about things before they launch.[... 66 words]
Yes: his website. http://www.paulgraham.com/articl...[... 23 words]
Get to know the founders and investors and see if you can get involved in a future funding round. If you don’t have at least a few hundred thousand dollars to invest you probably won’t get very far though, an even if you do you’d better have more than just money to bring to the table—these rounds are often over-subscribed which means the company can pick the very best out of a number of investors.[... 139 words]
What’s my shot at getting into YC or TechStars NY if I am applying from outside the US, alone with both business experience and technical skills?
I’d say your chances are significantly higher than the average application, for both of those programs. Go apply already![... 51 words]
Ballpark guess based on my experience in YC: over 90% of YC companies have the technical capability within the founding team to at least ship their MVP. YC is really good at taking technical teams and teaching them the business side of things.[... 56 words]
There are two ways to approach this: you can try and learn HTML yourself, or you can use tools that will help you build websites quickly without needing to code.[... 114 words]
There’s little a VC can do to convince someone to go and work for one of their portfolio companies that the company couldn’t do itself. They might hear about good candidates through their networks, but that candidate will still have plenty of other opportunities to chose from.[... 117 words]
Is it worth it to give up equity in a seed stage company for something other than money? E.g. access to multiple consultants/mentors, as well as regional angel and vc groups?
Yes, but not very much equity. It’s reasonably common to give small (less than 1%) stock grants to members of your advisory board for example.[... 75 words]
The TechCrunch deadpool, but it’s not nearly as fun. http://techcrunch.com/tag/deadpool/[... 24 words]
Which online platform can you recommend for organizing group trips? I’ve review startups that tried to build that, but failed a lot. Anything you can recommend that you used or use continuously?
TripIt has worked extremely well for me for trips with up to 9 people.[... 52 words]
UK customers are used to paying for some things in dollars. US customers are likely to be very uncomfortable paying for something in a foreign currency. So if you are only going to support one currency at first, it makes sense to pick dollars.[... 62 words]
Is it better to create your own framework, or would it be best to just use Django or something like that?
You should absolutely use an existing framework such as Django rather than writing your own.[... 176 words]