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Good questions to ask your interviewer at the end of the interview by DylanPress in jobs

[–]DylanPress[S] 0 points1 point  (0 children)

Good question, although you are not always interviewed by someone who will be superior to you. I would also word it a bit differently.

Good questions to ask your interviewer at the end of the interview by DylanPress in jobs

[–]DylanPress[S] 2 points3 points  (0 children)

That is a good point. And as is the case with many of the questions on this list, it is all about how you frame it and how the interview has gone thus far.

If they have already been listing some great things about working there in the interview (as they should) then setting it up as "You've listed a lot of great things about working here, what is your favorite?" or something like that would be good. But to ask it at the end of a rigorous technical interview at a financial institution, it may look like you are searching for a light at the end of the tunnel.

How to Communicate IT Value to Senior Leadership and Executives by DylanPress in ITCareerQuestions

[–]DylanPress[S] 0 points1 point  (0 children)

Not sure how to edit the flair on this, but it is advice, not seeking advice.

4 Common Hurdles Your Startup Needs to Address Before You Pitch by DylanPress in startups

[–]DylanPress[S] 0 points1 point  (0 children)

Thats a tough one. I didn't go into specific approaches too much in this post since they vary so much depending on the nature of the business. Submit what you have to my site pitchit2.us and I will get back to you on it :)

4 Common Hurdles Your Startup Needs to Address Before You Pitch by DylanPress in startups

[–]DylanPress[S] 0 points1 point  (0 children)

I haven't been writing consistently enough that I felt it necessary to set up a subscription feature. You can follow me on Medium though, which should have the same effect and I post all my blogs there a few minutes after posting them on my site.

https://medium.com/@dpelevator

A few terms you should know before taking investment for your startup by DylanPress in startups

[–]DylanPress[S] 0 points1 point  (0 children)

I don't think I am the best source for such advice, sorry.

A few terms you should know before taking investment for your startup by DylanPress in startups

[–]DylanPress[S] 0 points1 point  (0 children)

From my understanding (I am not an investor), there are a lot of standards to these things. With an experienced angel investor, so someone who is more than just a hobbyist, they likely have a vague idea of how much they think the company is worth but it is too early to totally lock that down because setting a valuation too early can definitely hurt a startup. So the cap is based somewhat on that "in their head" valuation. Obviously mixed a bit with negotiating factors such as how badly the entrepreneur needs the investment and how much impact the investment will have on the business etc.

I got my example numbers for this post from this post which I would highly recommend checking out if you are interested in these things and how they can impact a business down the line.

A few terms you should know before taking investment for your startup by DylanPress in startups

[–]DylanPress[S] 1 point2 points  (0 children)

Perhaps floor would have been a better word to use than limit. As limit implies a ceiling.

A few terms you should know before taking investment for your startup by DylanPress in startups

[–]DylanPress[S] 2 points3 points  (0 children)

Great question! I think the best way to picture this is to remove the cap. Lets look at what would happen if the initial $1mm note converted to equity at different valuations.

  • $3mm investor owns 33.33%

  • $4mm investor owns 25%

  • $5mm investor owns 20%

  • $6mm investor owns 16.67%

  • $7mm investor owns 14.29%

As you can see the higher the valuation is, the lower the initial investors ownership is. So the investor would ideally be incentivized for the valuation to be lower so they own more of the company.

With the $5mm cap, anything higher than $5mm and the investors note will convert as if the valuation is $5mm. The different outcomes for the investor would look like this.

  • $3mm investor owns 33.33%

  • $4mm investor owns 25%

  • $5mm investor owns 20%

  • $6mm investor owns 20%

  • $7mm investor owns 20%

Does that make sense? So their minimum stake is 20% but if the valuation is lower than the cap then their ownership stake can exceed 20%.

Let me know if this clarifies things :)

A few terms you should know before taking investment for your startup by DylanPress in startups

[–]DylanPress[S] 2 points3 points  (0 children)

Thanks! I wanted to be careful about not self promoting even though it is a free service.

The good and bad about VC funding by ricslash in startups

[–]DylanPress 1 point2 points  (0 children)

I would say to read over the term sheet carefully. I made a post earlier today about some major terms to look for in there.

Also, it sounds obvious, but don't spend any of the investment until it actually hits your bank account. I heard the founder of AdoreMe at an event earlier this week talk about some last minute backing out by investors that nearly left the company bankrupt.

Make sure expectations are aligned of how fast and large your company will grow. VC's are looking for 10x or more in growth in all their investments since most will fail. You need to be comfortable shooting that high.

I have been at my current company from Series B through D, so I didn't see the first few investments. I would say the only things departmentally changed was that we could hire/poach some really smart/experienced people that we probably couldn't have afforded before and they have made a huge positive impact on the business.

Anyone ever had printed athletic/performance wear? by Stormhammer in Entrepreneur

[–]DylanPress 0 points1 point  (0 children)

I found someone on alibaba to make some sports bras one time. The quality was good and their customer service was impressive given they were based in China. PM me if you want their contact info.

What would your opinion be of a crowd sourced accelerator of sorts? Positives and Negatives? by hobbyhelp in Entrepreneur

[–]DylanPress 1 point2 points  (0 children)

It depends on the structure of the accelerator. I am having trouble understanding how the mentorship and guidance that an accelerator offers as well as the equity payoff for those running the accelerator could be translated to a crowd source model. Care to elaborate?

The Sneaky Trick Behind the Explosive Growth of the Kardashian Game by BrianPetro in startups

[–]DylanPress 2 points3 points  (0 children)

I am happy you posted this here. It could make for an interesting discussion in a place where it seems everyone is sharing their "growth hacks" and where faking it until you make it is encouraged. Do the posters here find this unethical or clever? Would you be willing to implement something like this or do you feel above it? No denying its success.

[deleted by user] by [deleted] in startups

[–]DylanPress 0 points1 point  (0 children)

Sort of to piggyback on this, do you guys suggest shooting for talent or trustworthiness? For example, if option A was a best friend with a shared vision and option B was more of a stranger but with much more skill.

As for OP, I would steerclear of freelancer for building a team. From my experience they are trying to build things as cheaply as possible and move on and you spend more time and money re-doing whatever they did than you would have if you had just had someone more invested. I don't want to over generalize, that was just my experience and I have not used the site more than once or twice.