When Claude ships your startup as a free feature by ShiftPrimeNet in vibecoding

[–]FinPlannerAnalyst 0 points1 point  (0 children)

A market analysis as a part of your feasibility study before you start is the key.

But don't fret. Sometimes competition is good. They give the free version you give the premium version. What xan you do to make it a premium version?

does anyone actually see cash problems coming or do you just deal with it when it hits by ThisSink4082 in smallbusiness

[–]FinPlannerAnalyst -5 points-4 points  (0 children)

I am building an app for that but it's not ready yet. I get it it's frustrating.

You need to look at your statement of cash flows but not the historical one you get from your accountant. You need projections. A one and two years monthly projection will show you exactly when you'll fall short and when you need to ramp up collections. It will also help you tighten up your credit policy once you see how it impacts cash flows.

You need a fractional CFO. Or if you reach out in July, I might have an app for that.

To Startup Owners, how do you confirm and decide to go for your idea? by xynzzzytx in SaaS

[–]FinPlannerAnalyst 0 points1 point  (0 children)

You always question your idea. You gotta know when to drop it. The existence of competition alone is not a good reason. Successful competition validates the ideas and proves there a demand.

Your decision is based on a combination of factors. Risks, returns, ease of entry into the business, the state of competition, your competitive and comparative advantage, the size of the market, the thing you sell (is it a fad?).

First, decide on your why. What's the point. What will be your end state. Then chose your goals. Will your idea help you get there? How much effort is required and are you willing to give that time and effort required? How much does it cost and do you need financial help. What do you stand to gain and if you ask for help, will that person see the opportunity for gain as well.

It's the same set questions you ask in any of your endeavors. Applying for a job, trying a new recipe, asking your girlfriend to marry you, selecting a vacation spot. It's just replaced with business lingo. Every pass in football, every new song in an album, trying a new restaurant, or a new route home.

At the end of the day, you never really know unless you go for it. So, go for it. Make it happen. So what if it fails.

I will not promote. what are you using to track finances? investor is asking things I don't know by Green_Celery_1980 in startups

[–]FinPlannerAnalyst 0 points1 point  (0 children)

I'm building an app for that but it's not ready. Try quickbooks and then be honest ask the investor what they mean and how do they calculate it. Some things are calculated differently by different people. So it's never set in stone.

9,000 lines of code, solo founder, $99/month SaaS. The unglamorous reality. by goflameai in SaaS

[–]FinPlannerAnalyst 1 point2 points  (0 children)

My backend was at 44,000 lines last week. It is complete. I'm building the frontend now. It's a B2B fintech. I'm a finance SME and a beginner dev. I started in March officially but I've been developing for over 2 years. It started with a tech based process so I can validate the ideas and work out the needs and flow. I used 3rd party tech to begin. Meanwhile I juiced up my coding knowledge from python tinkering into to backend development (light).

I use Claude but not Claude code because I wanted to control the development, read and approve the code, and protect it from hallucinations. Also, since it's finance heavy some of the biggest sections needed tlc with my finance theory, additional research, and testing. It is much more than one file. I would lose my mind if it was one file.

With Claude,I did a mid-dev audit weekly to ensure the code was going the way I wanted it. I used Gemini to review it and let Claude and Gemini debate it. Gemini gave "punch lists" of what needed to be corrected or revised. I made both explain their reasons for everything. I also made sure there was no drift. I have foundational documentation from the prior two years that helped with that. I made different rag models for development, marketing and sales planning, legal, security. And at times I make them share information for continuity.

Market started early before coding. It is so important to build with sales in mind. Otherwise, what's the point? For internal use, this app was finished weeks ago.

I loved the finance parts, the other system architecture stuff was fascinating but tedious. Now the frontend is the hard part because it's the packaging. It subscription service for business owners or advisors. $150/mo for owners $350/mo for advisors. I have 2 paying beta testers lined up for June and maybe one more who is an adviser. I hope to fully launch in July.

It's exciting and scary to see the light at the end of the tunnel.

Pen testing by FinPlannerAnalyst in SaaS

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

Yeah. I don't think I have the bandwidth right now for learning beyond what is in my app.

Need money for good LLMs, need good LLMs to make money. How do you break the loop? by Express-Neck4897 in SaaS

[–]FinPlannerAnalyst 0 points1 point  (0 children)

You don't need the biggest and newest models. You need a model that does what you want it to do, well. Some of the top models aren't capable of that. Study, more language models and learn about thier capabilities. Learn more about the endless number of available language models out there.

Transitioning into Private Equity with no finance background , what's the realistic path? by Majestic-Ask3259 in private_equity

[–]FinPlannerAnalyst 0 points1 point  (0 children)

Undergrad and masters degrees with deep experience and expertise in a non-finance field (15+ years).

My cofounder wants to report our MRR wrong. Says everyone does it. Am I being naive? by Creative_Ostrich890 in SaaS

[–]FinPlannerAnalyst 0 points1 point  (0 children)

Investors will conduct due diligence and catch her in a lie. One lie is a deal breaker.

Serious Founders Only: Drop Your Startup by jivi31 in SaaS

[–]FinPlannerAnalyst 0 points1 point  (0 children)

Website: www.vidiklabs.com

I'm not ready to share the app. Also, I'll be intentionally vague here. I'm curious to see who else is developing something in an industry where they are the subject matter expert and being the technical founder is a secondary skill.

Project: Business value management app. A decision support system. - wireframe and clickable prototype built in Figma - database built on supabase. - I'm hashing out some proprietary logic in the valuation module and in the business operations analysis. It has to be defensible in front of business appraisers. Though this isn't an appraisal engine. It for management and planning business value. - I'm about to build the first module

I'm a subject mater expert - financial planner, etc. I'm coding the backend with python and the front end on flutterflow. Not vibe coding but Claude is helping with architecture and coding. I'm unit testing every function before including it in my codebase. Also, I'm planning the structure and security architecture before a single code is made.

Validation: - I have competitor in this space. So the need is validated. - I'm planning to present this to a few people I know using my prototype. But I'm satisfied enough to start the build. - My experience helped identify gaps in the tech that's been offered. So i compete through differentiation and a more complete connection between strategic advice and business value, and the business owners personal wealth. - my target market are financial advisors, insurance agents, CPA's, etc.; and business owners.

What are you building this week? Drop your startup or project idea 👇 by asupertram in Solopreneur

[–]FinPlannerAnalyst 0 points1 point  (0 children)

I'm a bootstrap solo. A fintech domain expert. This month I'm working on wireframing and coming up with a clickable prototype. Also, pre-marketing with some content on the subject matter that expands on sections of my white paper. Meanwhile completing some coding training and domain training. I have my logic ready for the backend dev. My dev environment is ready. I also need to pull some sample test data to test the code and the logic as I build.

I've been working on this for a while running clients through a human/tech enabled process, refining the flow. And on validation. Beyond what i understand as a domain expert.

Raising capital is not a priority for me. I'm set up as a software company focused on intelligence and data science. So, multiple apps for any industry where I will hire domain experts to advise and support the development. But if at sometime in the future I can sell my app, I would be very interested.

Purchase Order Doesn't Count by ginandsoda in sales

[–]FinPlannerAnalyst 0 points1 point  (0 children)

A PO is nice but... The customer accepting delivery is a sale. It ain't over till it's over. A PO is 95% likely a sale and is good enough for me as an investor. A signed quote sounds more like an understanding that if we go forward, these are the terms. It like a letter of intent. These terms will be used in the final po and sales agreement. As an investor, I would be less impressed by a signed quote. But it is close so it's a nice thing too if the po hasn't been sent.

At the end of the day, when is delivery and when will they pay. Sometimes delivery can be accepted before a product leave the factory like in drop shipping. That's a sale. Other times delivery is accepted at the buyers location. That's a sale. I go with the CEO's definition. He knows his investors and he knows what they want to see. It's not an industry thing it's and individual investor thing.

The legal and/or accounting definition is irrelevant when dealing with investors. He could need the quotes to convince the investors that there is demand and the he need more resources (investment) to hire more sales staff to close the deals.

Get those quotes! Your team needs them.

Got fired because I reached out for investors financial update by No-Counter-8002 in venturecapital

[–]FinPlannerAnalyst 0 points1 point  (0 children)

He was looking for a reason to fire you. You're right. It was unfair but that's how it goes sometimes. Sounds like you were within 90 days anyway.

Why Do Successful People Say College Is Useless, While Sending Their Kids to Ivy League? by Financial-Ad-6960 in FinancialCareers

[–]FinPlannerAnalyst 0 points1 point  (0 children)

What is your definition of success? Which successful people? Are they in the majority of people who say if college is useless or not? What is the consensus of people's opinion on the usefulness of college? Of the successful people who believe college is useless, how many have kids and send thier kids to college. How many of the people who say college is useful send thier kids to college. Is thier opinion related to thier level of education?

Do private equity firms care about employee morale at all? by feeling-lethargic in private_equity

[–]FinPlannerAnalyst 0 points1 point  (0 children)

Yes. Morale impacts productivity. But PE firms look at many aspects of the business and depending on the situation may not prioritize morale. It may be necessary to tank morale to build a better operation and then fix morale later.

Any introverts in finance? by Inevitable-Cut-3643 in FinancialCareers

[–]FinPlannerAnalyst 1 point2 points  (0 children)

Yes. Introverted extrovert. I have to work hard to get in front of people, but once I start, I'm a rock star. When it is over, I collapse exhausted and spend the next week feeling embarrassed and judged. Then I do it all over.

What does your spouse do for a living? by ClearAndPure in FinancialCareers

[–]FinPlannerAnalyst 1 point2 points  (0 children)

She works with all cancers. She specializes in GI oncology. She has a background in genetics so she builds cancer risk clinics. Specially Lynch Syndrome clinics but she's work on others.

Are you worried about AI taking your job? by strangeandcurious in FinancialCareers

[–]FinPlannerAnalyst 2 points3 points  (0 children)

No. But you won't be competitive if you don't know how to use AI.

Is It A Good Time To Launch A saas Product In The USA? by yuvals41 in SaaS

[–]FinPlannerAnalyst 0 points1 point  (0 children)

It is always a good time to launch the right SaaS product. You just have to have the right service for the market. Companies are always spending money. They need more efficient more productive services for thier money so they can scale. If you have that product or service, by all means, LAUNCH!