Live data from Hacker News

Ask HN: What would you do with $20000 USD for your startup?

news.ycombinator.com

11–19 of 19 posts

Re: Ask HN: What would you do with $20000 USD for your startup?

#11
I'm almost at MVP point so once that's ready I need a server upgrade or a decent hosting plan. Then when that's in place I need Adwords etc. though as others say, FB is untrustworthy at the moment so stay away from them.

Really it's just infrastructure and advertising that needs investment at this stage.

Re: Ask HN: What would you do with $20000 USD for your startup?

#12
post #5

Definitely search advertising like AdWords + Yahoo + Bing. Capture the people looking what you are offering. Therefore, they will probably search and be willing to pay. Think about search terms. Worth every cent if done right! And don't believe the "automated" bid stuff in AdWords. Fine tune your own bids and review regularly. Squeeze as much as you can out of your spend and understand your market. Use LOTS of differ…

I will add to that - use FB ads just for retargeting, because it is relatively cheaper, and you know these are interested users. There is a cool YC startup https://www.perfectaudience.com/ that does just that.

Re: Ask HN: What would you do with $20000 USD for your startup?

#13
post #10
post #9

Earlier quoted context omitted.

What kind of of CTR were you getting?

(from memory so these figures aren't precise but right order of magnitude) Between 0.01 - 0.1 depending on the target. Highest CTR was with Perl developers.

I was getting around .019% - .03%. Which I thought was awful. Around a dollar a click and targeting all the major programming languages.

Re: Ask HN: What would you do with $20000 USD for your startup?

#14
post #10
post #9

Earlier quoted context omitted.

What kind of of CTR were you getting?

(from memory so these figures aren't precise but right order of magnitude) Between 0.01 - 0.1 depending on the target. Highest CTR was with Perl developers.

Highest CTR was with Perl developers? Are you sure you advertised on Facebook and not Usenet? ;).

Re: Ask HN: What would you do with $20000 USD for your startup?

#16
post #10

Earlier quoted context omitted.

(from memory so these figures aren't precise but right order of magnitude) Between 0.01 - 0.1 depending on the target. Highest CTR was with Perl developers.

I was getting around .019% - .03%. Which I thought was awful. Around a dollar a click and targeting all the major programming languages.

Average for FB is around 0.04%. I was paying around 5-10 cents a click. Were you paying CPC ? - if you optimize for CTR I find buying CPM more effective.

Re: Ask HN: What would you do with $20000 USD for your startup?

#17
post #16

Earlier quoted context omitted.

I was getting around .019% - .03%. Which I thought was awful. Around a dollar a click and targeting all the major programming languages.

Average for FB is around 0.04%. I was paying around 5-10 cents a click. Were you paying CPC ? - if you optimize for CTR I find buying CPM more effective.

Yeah CPC.

Re: Ask HN: What would you do with $20000 USD for your startup?

#18
Your first mistake is assuming you need to spend this money.

Buying a MBP and hiring a virtual assistant, combined with asking this question, tells me you do not have a business plan with your required expenses planned out.

I think you should hold onto the money until you find something that does leverage growth, then pour the money into that. Don't spend the money figuring out what that is.

Re: Ask HN: What would you do with $20000 USD for your startup?

#19

Your first mistake is assuming you need to spend this money. Buying a MBP and hiring a virtual assistant, combined with asking this question, tells me you do not have a business plan with your required expenses planned out. I think you should hold onto the money until you find something that does leverage growth, then pour the money into that. Don't spend the money figuring out what that is.

[deleted]
Post reply on HN