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

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

#83

Post by megablast »

grantsch wrote: post #66
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…

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

You have a “team”, yet Gmail is your primary email? Ok

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

#84

Post by cambalache »

martin_a wrote: post #8
dewey wrote: post #5

Or with more products and Stripe verified revenue: https://www.indiehackers.com/products?revenueVerification=st...

If Indiehackers would not be such a bad website. It could be a really nice website, but somebody thought it should be an app and it sucks.

I really dont know what happened with the redesign, the original site was fine. Then they did this "fancy" redesign and it sucks so much that it limits my visit and time spent there despite the content which it can be pretty good. It is honestly baffling.

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

#85

Post by ska »

crowdbloom wrote: post #76
i_v wrote: post #74

Earlier quoted context omitted.

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.

Agreed - the risk/reward seems off here. It will probably be fine, but you could potentially end up in legal hell and risk your family assets.

Why not a "parent" company you keep going indefinitely, spin off other entities as needed?

This all varies by jurisdiction of course, but last time I did something like this I filled out the paperwork myself and it cost a couple hundred only. Gets more complicated with more structure, etc. and any legal work you need - but you don't need to pay for that before it's justified.

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

#87

Post by carterehsmith »

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...

Hmmm, regarding " https://blog.nugget.one/upstart/dont-form-a-company/"

you can set up your corp once, then present it as "doing-business-as" (DBA), depending on the jurisdiction, many times. I am not convinced that the above is good advice.

In fact, talking to a lawyer is probably better idea than picking up ideas from some blog.

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

#88

Post by OJFord »

jamil7 wrote: post #54
OJFord wrote: post #9

Good god, is this real? https://karmabot.chat/ Am I wearing enough pieces of flair?

I'm very confused. Can someone explain what this does?

As I understand it, it's like HN voting, but where the guidelines say you must work hard & espouse Core Values, and the points do matter.

And these appraisals are weekly, shared with your colleagues, and administered by a Slackbot. Welcome to 2020.

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

#89

Post by Kaze404 »

omarchowdhury wrote: post #80
z3ncyberpunk wrote: post #77

Nothing about capitalism is "inspiring". I'm inspired by projects that lift humanity, not ones that worship money.

What are some good examples of that?

I'm personally a fan of MusicBrainz (and related projects). It takes a lot of work to build a completely free and open database like that. I wish it could be expanded to other areas, but that would require more people.
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