Question: Bringing in $3600 and only profiting $400; was the whole thing worth it in the end?
272 karma · joined July 11, 2010
former theatre producer and Harpo stagecrew
founder of http://iHearteSports.com
jason [at] iheartesports dot com
Question: Bringing in $3600 and only profiting $400; was the whole thing worth it in the end?
ps. all you project manager makers TODO list startups, listen up. Your app is not a project management app until it has dependencies. If you don't have dependenies you are just a TODO list; Basecamp, I'm looking at you ;)
When I was 27 I raised 1mil in an angel round. I was just out of college (I'm a vet so my college was delayed while I served) and was flat broke. I was 'advised' to take a minimal salary and proceeded to bring on 12 employees all who made most money that I.
2 years later when we ran out of money I had zero dollars in the bank (zero). I had no savings, I had no safety net. I was F'd. I spent 6 months homeless traveling with a circus to save enough money to move back to Chicago.
It is my personal advice that you take a minimum salary, rent, food, bills, and have the company pay you $500/month into a savings account that vests when you leave the company. Doing this one thing will give you some peace of mind that when this wonderful ride comes to an end that you will at least have some money in the bank to make your way again.
I am all for ramen-rich I think it is actually a good thing but I am here to tell you that if you don't take care of yourself financially you are setting yourself up for huge failure if/when the money goes away.
Personally, I would like ALL angels, VC's and incubators offer young entrepreneurs these 'bronze parachutes'. You don't have to pay them much right now but I do feel you need to make sure they, at the very least, don't crash and burn if the second round of funding doesn't come through.
Create a button that says 'track now' or some other call to action.
Once I read the middle paragraph I understood how it works but I bet most people will never piece that together.
and yes, package tracking would also be good. Have a look at Dominos pizza order tracker. Something as easy as that would be fun and engaging.
However, if I was going to just get a degree then work at a startup just go somewhere with a good program and then let your git repo be your resume.
I'd be curious of your abandon rate on your signup page. I'd A/B a 2 page form. Page 1 put the fun stuff name, url, timezone. Page 2 put the personal stuff.
lastly, the 'name' field is confusing. Changing it to 'project name' or 'company name' would help. I bet a lot of people just type their own name without reading the form instructions.
Are you saying that they should be able to know you via link hash? For single actions like 'confirm' or yes/no I would agree that it would be easier to not need to be logged in.
Can I ask you this, have you never not logged in and left the action not done? Or do you log in begrudgingly anyway?
As a huge tea drinker I love this site. Agree that the design is clean and simple.
There really is something to say for finding, building and participating in community.
I don't do it very often. Only when I think the link and comment in appropriate and genuine to the thread. However, when I do and, I think, because the link it relative to the OP I always get amazing click-throughs. Again, the key is being genuine and relative to the thread. I've probably generated 20k+ site visits and well over 1k signups from reddit alone from maybe 3-4 comments posted in relavant threads.
also 'being a programmer' is not the same thing as 'being a programmer for something you really want to be apart of'.
I was a 'filmmaker' for years and I was MISERABLE working at local industrial film houses then I got a job working on a TV show with a passionate crew and I literally sprang out of bed (at 4am) everyday completely stoked to be going to work.
tl;dr context for what you are passionate about is important. A talent/skill/interest isn't a passion; how that talent/skill/interest is applied, is.
Formal education can be very important; being an autodidact is just as important.