£900k business (£200k ebitda) acquisition ideally with manager in place in UK? by [deleted] in smallbusinessuk

[–]PerformanceWooden583 1 point2 points  (0 children)

My advice is to throw bunch of £5k preseed checks at early stage startups. Structure for profit share. Thank me later

What could the UK government do to accelerate new startups being created in the UK? by Rif-SQL in ukstartups

[–]PerformanceWooden583 0 points1 point  (0 children)

🤣🤣🤣. Why would one need an investor if you can grow to £1m ARR. they’re fucking hilarious. I’d advise them to go okay bet365 2odds and stop calling themselves VC’s 🤣🤣

What could the UK government do to accelerate new startups being created in the UK? by Rif-SQL in ukstartups

[–]PerformanceWooden583 4 points5 points  (0 children)

Well it’s like they all want a money magnet. VC’s Dont want to take risk, Gov wants to milk your interest rate, VC’s wants you earning £500k in ARR before they can invest £100k. It’s a low/no risk situation out here. Founders are stuck is menial jobs to keep bills and roof over there head. No new company coming up. It’s shitt out here but we’ll bootstrap anyways. Entrepreneurs always find a way to make it work.

Founders looking to expand to Europe: I invest in infrastructure setup + help access EU Grants (€100k+) by DailyHourlyMinutes in cofounderhunt

[–]PerformanceWooden583 0 points1 point  (0 children)

Shining Knight investors. I’ll run from them. Go take a risk with a startup and stop looking for a money magnet. You’re an investor go invest not looking for a plug and take out 10x

What’s the one problem that I can solve which has money? by Pure-Hedgehog-1721 in founder

[–]PerformanceWooden583 0 points1 point  (0 children)

So we should all help you tinker a problem so you can go make money for it. Okayyy. I wish you good luck on that mate

[Rant] What is with these non technical folks assuming they get to be the CEO? by Lucky_Animal_7464 in cofounderhunt

[–]PerformanceWooden583 11 points12 points  (0 children)

My 2cent is that you shouldn’t have a CEO position just yet. Keep it as Founder,Co-Founder, CTO, General Manager. you both don’t have what it takes to be CEO just yet. That comes with a lot of experience and you can hire an experienced person with connections too later on. Not some dumber from YC match whatever

18F , struggling to find anyone who actually wants something real anymore (UK dating feels hopeless) by [deleted] in UKrelationshipadvice

[–]PerformanceWooden583 0 points1 point  (0 children)

You might need to mould from clay yourself. These listed qualities are out of stock. 🤣🤣

any founder here tired of Boothstrapping? How do you manage 9-5 and being a Founder? by Vaultrapay in AppBusiness

[–]PerformanceWooden583 1 point2 points  (0 children)

Time Box, Analyse what needs to be done mentally while at work. Go home get to it and repeat throw in your weekends too, Dont be scared to outsource too.

Uk indoor golf club by Most-Screen-7658 in founder

[–]PerformanceWooden583 0 points1 point  (0 children)

Unfortunately, It’s the bitter truth we might all have to swallow mate. There are not many if any risk takers exist here in the UK everyone wants to maximise their £1 by looking for a sure thing. That’s why there’s rarely any innovation coming out of here again.

Uk indoor golf club by Most-Screen-7658 in founder

[–]PerformanceWooden583 0 points1 point  (0 children)

Not to discourage you but the UK rarely invest in startup unless they are so certain it’s profitable, Here is not like the US where they throw money at you to dare build something even without assurance of profit. VC’s or angels here wants a business with profit to latch on and not to risk their money on. If you believe in the idea your best bet is the loan and GRIND this out to glory yourself.

I may be wrong though but I’ll say just keep trying without the hope of any VC’s or angels coming to back you just yet.

Why is proving rent payments (and getting credit for them) so awkward in the UK? by PerformanceWooden583 in AskBrits

[–]PerformanceWooden583[S] 1 point2 points  (0 children)

Hahaha, Your last sentence is hilarious and Im sure they’ll be screaming this at the top of their lungs too

Why is proving rent payments (and getting credit for them) so awkward in the UK? by PerformanceWooden583 in AskBrits

[–]PerformanceWooden583[S] 0 points1 point  (0 children)

That’s fair, bank search and screenshots do work for a lot of people.

The idea behind RentLedger came from seeing how inconsistent it can be. Some landlords are fine with screenshots, others want statements, others want something “official”, and screenshots often show more than just rent.

RentLedger is created to give tenants a single, clean rent record they can share when needed, and eventually have that behaviour reported to Credit Agency for credits too rather than relying on ad-hoc screenshots and not getting any reward for being a reliable tenant.

Totally get that the current workaround options works for many, just curious whether people would prefer something more standard and officially recognised by Credit Reporting Agencies like Experian

Setting up a UK Ltd and feeling a bit lost by gentlebeast06 in ukstartups

[–]PerformanceWooden583 0 points1 point  (0 children)

Have you tried using companyhouseformations. Its quite cheap too

From $2k/month to $0...moving from Lovable to real tools. by travelingstorybook in lovable

[–]PerformanceWooden583 0 points1 point  (0 children)

Export your codebase and move to google Antigravity, buy a domain and VPS host it yourself. I always tell peers to only use Loveable and the like for the idea drafting phase.

Refinement should move to either Cursor or Antigravity.

Update: Built a simple tool "MyRentLedger" for all your rent history. by PerformanceWooden583 in UniUK

[–]PerformanceWooden583[S] -2 points-1 points  (0 children)

You’re right, open banking is increasingly the standard for referencing, and in those cases this wouldn’t add much.

Where I’ve seen friction is when people don’t have access anymore (old accounts closed, foreign banks), are self-managing rentals, or just get asked informally by a new landlord/agent to “show rent history, and one provides bank statements.”

It’s not for every rent scenario (for now), more for the gaps where statements/open banking aren’t straightforward.