291–300 of 339 posts
If you or someone from this community with successful background are willing to mentor our startup, we will give meaningful equity and mutually agreed compensation. We are struggling to find ICP. We built an MVP but interest has faded away from early customers. We know problem exists because large players are solving it. Either our message and who we are reaching out for sales is wrong or our product approach is wron…
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What's the difference when the 'product' is the company itself? When a buyer comes along offering 7-15x the company's earnings for it, why is that not 'the actual value it provides' them?
Company acquisition is possible without the existence of a stock market. What I’m objecting to is the latter.
But let's go with it anyway, why is that different? It's just a way to have multiple owners, more easily very many of them than you could manage in a private sale. So why is the stock price not the actual value people see that slice of the company as providing them?
This is a really informative and inspiring article. It has been 6 months (not 6 years) since I quit my full-time job as a Rust developer to start my own business. As time goes by, I can feel the pressure of mortgage and car loans, and I can also feel the care and pressure of my family. My original plan was to make a new IDE for Glicol ( https://glicol.org ), and to develop relevant hardware with firmware written in r…
Wow. I am in similar situation. I quit job after having a baby and when workplace discriminated against me. I decided not to fight and rather start something of my own. Now, I see no traction after building an MVP. We are in EduTech and eCommerce space. It is so hard to get any response from decision makers. People would rather pay big corporations millions than talk to a regular person who is offering $200 software.…
My special relationship to Glicol is a different story as it was not designed for commercial use and it's purely experimental during my phd.
It's just because of people's encouragement that I try to build the education interface for it.
And after checking a few existed edu interface, I realise the core tech on their products is close to zero. All the hard work is on the sales team and marketing.
So the first few deals are the most important at the moment, and I need to fight with the idea that I want to improve the code before I talk to schools.
At least that's what I learnt so far.
So good to see some actual Startup News on here. I miss the old days of this site when things were more optimistic and less click-bait.
Most people aren’t entrepreneurs, most people are risk-averse, cynical big company worker drones.
The worker drones have way more time to spend on hacker news, since any job at a big company is infinitely easier than being an entrepreneur.
Hence why the comments on every Show HN post for the last 7+ years is dominated by low stakes nitpicks. The type of things you hear in big meetings at big companies. “I would rephrase this on the landing page.”
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Thanks for reading and for the kind words! > Have you always been so disciplined in life? If not, how did you improve it? No, I was a lot less disciplined when I was younger. I remember as a teen trying to learn Java several times and always getting bored a day or two in. I was a good student, but I would procrastinate work and distract myself while working. I probably became more disciplined in my twenties, but I un…
| The thing I found comforting was reading stories and listening to podcast interviews with other founders where they talked about how many failures they had before they landed on the right business. Can you recommend some?
- Pieter Levels: https://www.indiehackers.com/podcast/043-pieter-levels-of-no...
- Tracy Osborn: https://www.indiehackers.com/podcast/029-tracy-osborn-of-hel...
Josh Pigford (who sold Baremetrics for $4M) has also documented all of his failed ventures:
General question when running a single member LLC: how do you determine how much to take as salary versus business profit, and how does that affect your taxes? I'm guessing tax liability is mostly a wash, as if you are taxed as an S-Corp, you pass through the profit into personal income and pay income tax on that.
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> …but the reality is you're creating a company that should be valued (and eventually sell) for 7-15X Earnings - and you really should be looking at that increase in value vs your increase in profits. Muslim here. I think this is completely immoral and I don’t want to ever participate in stock market if/when I found a company. I want my business to be valued with the actual value it provides to people (the amount the…
Uh? Islam says nothing about the stock market. Participating in businesses and having shares is completely halal, and encouraged actually. That's the good way of generating long term revenue, as opposed to lending or profiting from interests. The very first Muslims and the prophet himself PBUH were merchants and traders, and business owners.
I don’t have any opinion on if this interpretation squares with their religion but it is certainly true that stock exchanges are run on extending credit and paying a premium for it.
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I don't understand your mindset that says you should decide when other people multiply some numbers.
I don't understand how anyone misread that so badly while genuinely attempting to respond. I suppose we can both say there are things we don't understand.
Probably because when given a chance, you don't take the chance to explain yourself better, and just do a junior high Uno reverse card response.
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> It's worth close to zero. Serious question… have you bought a business before? It’s what I do. This business is not worth close to zero, and the stuff that the current owner does (even if he’s some miracle worker, which xooglers aren’t guaranteed to be) can be handled any number of ways that cost less than $236k by some buyer . This may not mean you or the person that I replied to, but you two most likely aren’t a…
You should write something about what you do too. Buying businesses sounds interesting, can you expand on this?