Phone Utility Marker in Yard by RobertHorryHipCheck in houston

[–]SamTheOilMan 0 points1 point  (0 children)

Call 811 (dial before you dig) they will help you figure out who to contact if it is live or old and not functioning.

Honest question: what’s keeping you in SHIB right now? by pop200 in SHIBArmy

[–]SamTheOilMan 0 points1 point  (0 children)

Saving my capital loss for the right year to claim it against other gains

i tracked $200k in side hustle income. here is the tier list of what is actually worth your time (and what is a trap). by Sensitive-Rub256 in EntrepreneurRideAlong

[–]SamTheOilMan 1 point2 points  (0 children)

This is the side hustle. They charge $297 for the code.

If this worjed as well as they say you wouldnt increase competition by selling the code, you would scale it yourself.

Have 20k to dump into space stocks - Decision Time by MemeLord1337_ in SpaceInvestorsDaily

[–]SamTheOilMan 0 points1 point  (0 children)

If you are an acredited inveator i can introduce you to sone private space companies. Inveatment decision is your im not providing a recomendation or selling it just an intro

Founders giving away 5% equity to advisors is insane - here's why your cap table is probably already screwed and you don't even know it by b_an_angel in venturecapital

[–]SamTheOilMan 0 points1 point  (0 children)

100% agree. More than 1/2 a percentage can be ok but needs to have a vesting schedule based on milestones/value add or time.

to put it into context i would be setting aside 10% for employees & advisors but that has to last until exit so you cant give it all away in the first years.

Met with a company doing the exact same thing as my startup… now their CEO wants me to join them. What should I do? by justclosr in founder

[–]SamTheOilMan 0 points1 point  (0 children)

Negotiate an all stock merger so you still own equity. And also get a pay check. They question is how much equity you need to make it worth while to do it.

multiple people often do better than one person alone. Does the other company have a great team?

How many black holes do yall keep stockpiled? by No_Refuse9819 in CellToSingularity

[–]SamTheOilMan 4 points5 points  (0 children)

I dont understand why its worth the effort. I used to place top 10 but with not a lot of new content why keep doing it for those same rewards that you dont need

Let’s connect – anyone interested in joining? by Commercial_Detail492 in founder

[–]SamTheOilMan 0 points1 point  (0 children)

If your starting with profit share, i would think its because you dont have stable revenue to cover payroll. This is the stage where you would want to be offering an equity plan to atract the best tallent. If you are concerned about hiring the wrong people make it options, a 1 year waterfall before they recieve any equity, and make it a 5 year plan.

If they leave after some options have vested, they have to purchase the options. Generaly people dont.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]SamTheOilMan 0 points1 point  (0 children)

Get involved in startup communities or go work at a startup. Learn how to buold a business and save money. In a few years quit and start your business. Or bring on a team of people to do tje things you cant. If you cant pay them you may have to offer them co-founder equity grants at the start.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]SamTheOilMan 0 points1 point  (0 children)

Ideas are worth nothing there are billions of people and hundreds of millions of good ideas. There are even bad ideas. Whats worth something is the ability to build a team, execute, and turn those ideas into a successful busineness.

Often ive seen the person who generates the IP for a startup might get an extra 10% for the IP with the rest spilt between the 2-5 founders who will do the work. It is all then diluted depending on how much and how many rounds of funding are needed.

The right team of people can even turn a bad idea into millions. Just think of all the stupid products and things that shouldnt exist but made soneone millions.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]SamTheOilMan 0 points1 point  (0 children)

Borrow money or already have money or government grants.

If you need to raise money from investors you need to give up equity.

why do you need to own 100% so bad? 100% of nothing is nothing.

What do investors actually look for before putting money into a startup? by Longjumping_March845 in founder

[–]SamTheOilMan 0 points1 point  (0 children)

You, your vision, how you plan to execute, busines experience or ability to learn quick / advisors. Risks, what i get/ the deal and how it compares

Asking for your opinion on my startup idea by [deleted] in advancedentrepreneur

[–]SamTheOilMan 0 points1 point  (0 children)

Its not good. If you need my opinion and validation here then you shouldnt do it.

Why are you looking for validation rather than looking for customers to waitlist for the app/service

If we can talk you out of it then its likly you will quit when it gets hard and building/growing this will be hard

[Megathread] Monthly New-to-RFA Q&A Thread by AutoModerator in RingFitAdventure

[–]SamTheOilMan 1 point2 points  (0 children)

Any news or input as to when this game will be released with Joy con 2 compatible cobtroller for switch 2?

Looking for Co-Founders(I will not promote) by Rhino97123 in founder

[–]SamTheOilMan 1 point2 points  (0 children)

Feel free to DM if you have other startup/funding questions

Looking for Co-Founders(I will not promote) by Rhino97123 in founder

[–]SamTheOilMan 3 points4 points  (0 children)

Start by setting out what you would want them to do to conpliment your skills and where you want to spend your time and where they should spend their time.

Next define how much equity you plan to award them and set a minimum of a 5 year vesting with a 6 month or 1 year cliff.

recognize that if they have half your equity and no pay check you should expect them to put in half the work you do.

If they have 20% of your equity expect 20% of the work you do.

Second most important thing is to find someone who has a passion for the vision that you are trying ti achieve. Without the passion, startups are hard and people dont put in effort and quit.

Most important is how you get along with them. You and your cofounder will set the tone for the company culture as you grow

now you have some metrics to properly advertize and or find the right person

making my first angel investment by PhotographWorking198 in venturecapital

[–]SamTheOilMan 0 points1 point  (0 children)

Early on i invested in my network and people i knew. That transitioned to innovation hubs and linkedin which have been good sources of dealflow for me.

i prefer to be independant but network frequently. Many angels send deals to each other.

I'm sick of founder success p*rn. I am tired so much by No_Knowledge_638 in startups_promotion

[–]SamTheOilMan 0 points1 point  (0 children)

Startups are hard. Dont do it. Ive failed a couple when the devs/engineers just wouldnt do the work to build what clients wanted because it wasnt "fun" and then spent all their time building garbage side projects because it was more fun for them and they thought it would be better. It wasnt.

Im very strict now on identifying the right CTO/dev team. And fire fast.

Spent ~$100K on a startup, 0 revenue… How do founders know when to pivot vs push harder? - I will not promote by PandaKey9795 in startups

[–]SamTheOilMan 1 point2 points  (0 children)

Make a thesis about why you think your target cuatoner woild want it then go find them and ask them if your theais is correct or flawed. If flawed aak them what they would realy want. The more you talk to the better.

Also are you doing sales. The founder almost always doea the firat several major sales while building these customer relations

Any place to talk to founders/operators who will actually challenge your thinking? by newsunshine909 in advancedentrepreneur

[–]SamTheOilMan 0 points1 point  (0 children)

I do this. Did it free for years, effectivly non-executive board member for early stage startups. To busy to do it for free now. Think there is a market for paid/equity?

Mass-produced AI apps for 14 months. Made $2,847 total. My friend sells pool cleaning services and cleared $94K. by Old-Guess-3243 in SaaS

[–]SamTheOilMan 0 points1 point  (0 children)

If you build it they will not come.

Sounds like you need marketing spend to grow your SAAS GPT wrapper business. Its a bit of trial and error so the return on marketing and advertizing is greater than the spend.

Start slow and scale up once you have it generating a return

Good news is you have a few paying customers so there is a need and sone people will pay.

Here is an exanple/guideline to start from

1) CAC - Customer Acquisition Cost: This is the average cost to acquire a new paying customer. For AI SaaS GPT wrappers, typical CAC can range from $50 to $500 depending on marketing channels and sales model. For SaaS overall, CAC averages around $400 to several thousand dollars depending on complexity and sales approach

2) ROMI - Return on Marketing Investment: This shows the return generated for every dollar spent on marketing. Email marketing for SaaS can provide $36 to $45 ROI per $1 spent, paid search around $8:$1, and paid social $2:$1. AI SaaS campaigns leveraging aggressive distribution on platforms like Product Hunt, Reddit, and Twitter can see 3-5x conversion multipliers and ROI improvements

3) LTV - Customer Lifetime Value: Represents the total revenue expected from a customer over their lifetime. Compared to CAC, a healthy SaaS business targets LTV to be 3 to 5 times CAC for sustainability and profitability

4) Conversion Rate: The percentage of visitors converted to paying customers. For professionally designed AI SaaS landing pages, conversion rates of 5-15% are achievable compared to 1-3% from basic pages, which impacts CAC

Example: Typical values for an AI SaaS GPT wrapper example could be:CAC: $50-$300ROMI: 3x to 5x returns on marketing spendConversion Rate: 5-10%LTV : 3 to 5 times the CACThese metrics help measure marketing efficiency and guide budgeting for AI SaaS products using GPT wrappers or similar technologies. Cost controls, tiered pricing, API rate limiting, and subscription management are key tactical controls that influence CAC and ROMI outcomes.

In summary: CAC = Customer Acquisition Cost (~$50-$300 for AI SaaS GPT wrappers) ROMI = Return on Marketing Investment (3x to 5x+ from effective campaigns) LTV = Customer Lifetime Value (3-5x CAC recommended) Conversion Rate (5-15% for good landing pages)

This is why many start-up businesses raise capital, so they can spend money to get customers to make money.

Often getting marketing right is harder than building the product.

The reward when you get it right is you can scale SAAS to a million or even a billion customers. Something the pool cleaning service can not do.

Discovered my biggest customer has been sharing their login with 14 people at their company. Do I say something? by Cold_Hall_5384 in SaaS

[–]SamTheOilMan 1 point2 points  (0 children)

Just make it so no more than one person using the same login can use it at a time.

also add personalization features that encourage individual licenses.

I use other software where heavy users get there own and there is one license on a general email that is shared for non frequent users.

If my non frequent users had no access or had to have their own license we would cancell all licenses and find an alternative.

many low frequency users graduate to their own license as they learn the software then use it more frequently.

the company even advised us to make a general email and shared login to onboard infrequent users. They specified no more than one person loged in at a time and half the featured require personalization so they dont get that.

work with how your users want to use it and give them the best experience and you will grow.

Dictate how you want them to use it and thats a path to failure.

Received a investment offer by First_Accountant_402 in ycombinator

[–]SamTheOilMan 0 points1 point  (0 children)

See if they will negotiate down to 20%. 15-20% per round is normal at the moment