234 karma · joined May 2, 2013
I think once they clarify this, it would be all good.
Cool, as long as you both feel the even contribution. The 51/49 will also only work if you're both clear that the 51% has the deciding vote on disagreements. Otherwise, just a 50/50 split.
> We are currently working nights and weekends and making good progress. We both work very fast-paced, demanding jobs in Silicon Valley, which makes it hard to sustain our current pace without burning out.
Sure, I get that. Just make sure you're setting up times to talk to investors now. Showing your progress and trying to get customers.
> Would you suggest that instead of cannibalizing our existing funds, that we just stop contributing to our 401(k)s and save more cash for our startup? Or should we continue to save for retirement at our previous pace?
I'm never a fan of holding off on saving for retirement. Keep putting it in if you can afford it.
> I am definitely in favor of doing this, but like you pointed out, the MVP could take twice as long even when working full time.
True and you will know best of the time frames here. I have no idea what you are building. ;)
I went to a show earlier this year and the artist had everyone put their phone away for one song. Was great and the audience generally accepted it for what it was, a moment that the artist wanted to share with the crowd.
Just don't treat us like little kids.
1) I would double your estimated time to build. Worst case, think it would take 9-12 months.
2) Personally, I wouldn't get too into the finances of my co-founder. I'd just want to know that what are bringing (financially, sweat equity, and/or key industry knowledge) are equal. If I'm bringing 50K, my partner should too.
But to answer your question, if I was that co-founder, I would. I would look at paying off the debt and lowering the overall amount we needed to get to MVP.
3) Numbers look more than reasonable. Actually, I know a lot of people that would never have that much to bring to their own startup.
4) Don't touch the 401(k) or Roth.
Are you sure you need all this money and time to get your MVP ready? If you're bootstrapping, why not stay at your current roles and code in the mornings, evenings, or weekends?
Get your MVP done, get it into the hands of customers, and see if you find a fit. I'm not sure you need all that time and money...
I only go to a couple of shows a year (on a good year) and not once has a phone ruined my enjoyment of the show. Personally I don't take out my phone more than a few times, mostly to grab a photo for Instagram, and maybe text or tweet between openers.
I've built and failed at two startups. And after those failures I've found one of the most fulfilling jobs I've had in my career. I've learned so much about business building, managing, sales, and finances over the last few years. Use those skills you learn while building to help find your next role!
I'll build something in the future, once I've had a few years to recover from the startup world.
Devex.com has a decent listing of jobs and companies to work for.
Once it became a regular thing, we made a note on his account.
He apparently thought buy checks were a scam and he saw no reason to buy them when he could just use a sheet of paper.
I needed an easy place to dump everything. As work uses Trello and my startup uses Basecamp.
I asked my boss to do a one month test, one day a week working remotely. I documented my production levels for those remote days to prove that my productivity could increase by working at home.
After the month test, I proposed one-week a month and then increased to full-time remote after about three months.
When we had a property management company, worked the same way, but they usually had someone out quicker.
After that, I started another company.
Having said that, I like it. I'll take a look and see if this could solve some of our problems.
The years I spent being a freelance photographer taught me a lot about running a business, but I ultimately fell in love with the freedom. Years later I read Tim Ferris' 4-Hour Work Week and knew I wanted more work/life balance than I was getting working for an agency.
1) Add a real readme to your projects. If you don't have any shipped work, that's ok, but you do have side projects I can take a look at. Help me out though, I want some information on what this app should do and I don't want to go diving into your code without that background.
The first repo I visited was cupcakes, because, well who doesn't love cupcakes? But I was disappointed when I didn't see any real information about what this app was aiming to do.
2) You should be able to get a Jr. level position for at least 70k, so don't sell yourself short. Now if you have a lot to learn, be willing to take less and get your foot in the door.
3) Focus on one language that interests you. I don't hire generalists. I look for developers who have spent the time to learn a language, not six. You can always learn more later, but you'll have an easier time if you can pitch on the language or area you know really well.
Other than that, keep applying to jobs, keep growing, you'll land something. Good luck!
We have to setup custom filters for all of these. Google does have a feature to automatically remove know sources, but it's not turned on by default. Here's the announcement: https://plus.google.com/+GoogleAnalytics/posts/2tJ79CkfnZk
We also run Piwki on all our client's websites as well and they block this junk automatically: http://piwik.org/blog/2015/05/stopping-referrer-spam/
We've both agreed that for us renting is the way we are going to go. I hated homeownership.