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Show HN: Profit Hunt - Get inspired by profitable online projects

profithunt.co

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Re: Show HN: Profit Hunt - Get inspired by profitable online projects

#71

Post by jkeuhlen »

heliodor wrote: post #52
jkeuhlen wrote: post #40

I'm at a stage where I have a side project that works well for me. I'd like to open it up and allow other people to start using it, but I'm not really sure how to take it from fun project to side business. Do I need to hire a lawyer to draft a Privacy Policy and ToS? Do I need to incorporate an actual business in order to open an account with stripe to accept payments? Anyone have resources on the legal/operational p…

Go to https://IndieHackers.com , copy paste the story you explained here, give a brief description of your product, ask for a few people to try it out. The crowd there is helpful and is willing to spend the time with you.

I've been thinking about joining the site but wasn't sure how helpful it would be; thanks I'll give it a shot.

Re: Show HN: Profit Hunt - Get inspired by profitable online projects

#72

Post by grantsch »

jkeuhlen wrote: post #70
grantsch wrote: post #66

Earlier quoted context omitted.

you can sell it to my team then you won't have to open to potentially doing a profit-sharing deal as well if it's good. grantschiller18 at [google's email service] dot com

Just curious, without any other information presented at all, you just buy up people's side projects? How does this work?

We want to work on something cool and this is one way to jump in.

I think it's really case by case if it works or not.

Re: Show HN: Profit Hunt - Get inspired by profitable online projects

#73

Post by crowdbloom »

jv22222 wrote: post #60
jkeuhlen wrote: post #40

I'm at a stage where I have a side project that works well for me. I'd like to open it up and allow other people to start using it, but I'm not really sure how to take it from fun project to side business. Do I need to hire a lawyer to draft a Privacy Policy and ToS? Do I need to incorporate an actual business in order to open an account with stripe to accept payments? Anyone have resources on the legal/operational p…

Hiya, I've written some stuff about this. Hope it's helpful. Don’t Form a Company https://blog.nugget.one/upstart/dont-form-a-company/ Debunking Some Conventional Startup Wisdom https://blog.nugget.one/upstart/thanks-for-the-advice-grandp...

“Don’t form a company” means you are personally legally exposed. I’m not a lawyer, I may be wrong, but this seems risky.

Re: Show HN: Profit Hunt - Get inspired by profitable online projects

#74

Post by i_v »

crowdbloom wrote: post #73
jv22222 wrote: post #60

Earlier quoted context omitted.

Hiya, I've written some stuff about this. Hope it's helpful. Don’t Form a Company https://blog.nugget.one/upstart/dont-form-a-company/ Debunking Some Conventional Startup Wisdom https://blog.nugget.one/upstart/thanks-for-the-advice-grandp...

“Don’t form a company” means you are personally legally exposed. I’m not a lawyer, I may be wrong, but this seems risky.

I think it's more up to a person's accepted risk and the nature of their business concept. One thing mentioned in the linked article is the advice that you use an existing entity if you've previously formed one for consulting or some other business. I'm 100% in favor of that since the early stages of a startup are often full of non-starts.

Re: Show HN: Profit Hunt - Get inspired by profitable online projects

#76

Post by crowdbloom »

i_v wrote: post #74
crowdbloom wrote: post #73

Earlier quoted context omitted.

“Don’t form a company” means you are personally legally exposed. I’m not a lawyer, I may be wrong, but this seems risky.

I think it's more up to a person's accepted risk and the nature of their business concept. One thing mentioned in the linked article is the advice that you use an existing entity if you've previously formed one for consulting or some other business. I'm 100% in favor of that since the early stages of a startup are often full of non-starts.

Sure. I can agree with that part. One doesn’t have to form corporations for each idea, but if you are taking payments and offering a service or product that may impact another person or business then being protected is important.

Re: Show HN: Profit Hunt - Get inspired by profitable online projects

#79

Post by crispyporkbites »

swat535 wrote: post #61

I guess this is the time for a friendly reminder to read your employment contracts and agreements carefully and exercise caution before launching an online side project business whilst being employed. Failure to do can have serious consequences and the laws/enforceability vary greatly depending on your country of residence and the company. That being said, great website OP!

> serious consequences

Any citations? If you're not launching a competitor, using your employers IP or doing some nefarious, why would they care?

How many employers would want some side project generating 20k/year, what would they do with it? Would they sue the employee? What for?

Genuine question.

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