Check out this post where I expose some figures and recent marketing experience .
He would be more of a CTO/Co founder hence the slightly larger than usual %. But not that big because I have taken all the risk so far and we are already generating revenue while I've been paying him as a contractor.
I'm currently considering a scenario where:
– He gets 10%, 1 year cliff with 4 year vesting period
– He gets another 5% (which adds the the equity being vested in that remaining year of the above) if the ARR is at a certain level by the end of year 3.
– He gets another another small % if we manage to secure a certain amount of investment within the 4 year time vesting period. But he would need to have made a significant contribution to us being able to get that investment (I don't understand how this would work though if it's more of subjective thing that I decide).
I'd love to hear your thoughts on this, especially from those of you who have been in this situation from the CTO perspective or founder perspective.
Hey start-up community, hope you all are doing well :D! My question is simple. I need some help with market research… let me explain first, I'm interested in starting an ecommerce store aimed at a particular niche (NOT like Amazon, for example)… The thing is I know very little about market research… That's where I need help! Do you guys have any tips or tricks you use to do the same? I'd love to read your opinions 🙂
Hey guys. I'm just starting out an idea, but before I 100% commit to it, I want to validate it to make sure that people want it. I've created a survey, but I'm having a difficult time reaching people? Are there any other methods to validating your idea? Also, if you guys used surveys, how were you able to get people to fill it out?
This post is a follow on from the last one, I'm able to continue the project on my own, told my colleagues and they let me take over.
What I know: I am able to use €1500 capital for advertising, packaging and creating stock.
I've done the math and I can make 1250 products (excluding vat) for €1200, (including packaging)
the remaining money will be partially spendt on advertising and/or saved.
This gives me a breakeven of 300 units if all sold online Or a breakeven of 380 units if only sold in store
I will have a mix of the two above
If all are sold I should make a profit of €3500 to €4750
What I don't know:
If I can get VAT back
If it is worth investing in a website
The amount I should spend on advertising
If there's legal problems I may have to deal with
I am already planning to visit a local enterprise office in the coming week but I would like to have as much information on hand as I can.