What is the next big challenge in online payment?

I am currently building a new Payment Service Provider. Besides the usual functialities I want to create something new. I have encountered many startups in the area of mobile payment. But is this really picking up? Is this the real problem we want to solve? Instead of having a card, to use the phone? I…

March 4, 2015

2 Answers

I don’t know where to go from here …

I should start out with the fact that I am 17 and a wanna-be entrepreneur, that’s what I’ve been told. I dropped out of school at 16 since I hated it. I was depressed, couldn’t learn anything I have no interest in and especially when someone tells you what to learn and how. I had been…

March 2, 2015

11 Comments

My startup project got cloned by someone else

What is the best thing to do if you find another site that has same name, similar concept and tagline with only different tld (but same domain name)? I kinda suspect the guy that ran the similar website with my project stole my concept but I’m not really sure about it. Thoughts?

February 27, 2015

11 Answers

I’m looking to work at an early stage start-up, need advice?

I’d be considered an employee as I’m not funding the company. How should I structure my compensation package to the startup? They can’t afford a full time salary. I’m currently not working full time. It’s a SaaS product that targets small/med sized companies.      

February 24, 2015

4 Answers

How do we divide equity?

I have the built a software product which needs to be sold to enterprise B2B customers. I have bootstrapped the business myself and I’m incurring all expenses. I’ve spent more than 10 months in building the product. To reach to the marketplace, I’m working with more than 10 to 15 people to help me reach…

February 21, 2015

8 Answers

3-week old startup, should we not charge customers right now?

I have a 3-week old startup I founded with my cousins.  Our model is travelers pay $10 to have 30-minute conversations with locals around the world before taking a vacation.  Should we not charge customers right now? We have over 200 locals signed up and about a dozen clients, some are paying and some aren’t….

February 20, 2015

5 Answers

When to approach Angel/Seed firms?

I’m finding conflicting information about how early is too early to start conversations or apply to Angels and Seed firms. It seems (recently) that all you need is a strong idea, strong team, and some provable market/revenue assumptions and if you’re on the west coast you can raise $500K at a $3M-5M valuation. I’ve even…

February 18, 2015

3 Answers

How much equity for VP Co-founder with no skin (cash) in the game?

I’ve bootstrapped my startup for almost a year and taken-on every expense as well as responsibility (market plan, advertising, development, market research, funding plan, etc.). I have a group of experienced execs willing to join me on my quest in various roles, marketing, financials, ops, etc. They all have time and experience to lend, but…

February 18, 2015

13 Answers

When do I stop referring to my company as a start up?

We’re way more organized than when we launched (that’s not saying much). We’re finally well funded. We’re only making new mistakes not repeating the old ones. We want to maintain our creative, agile, fearless, fast moving/fast solving skills that our clients see as a positive for a “start up” but we want to avoid the…

February 17, 2015

3 Answers