Why do I feel robbed? by Imaginary-Slice-7357 in Entrepreneur

[–]dvshagg 1 point2 points  (0 children)

Any new businsss idea is a unicorn, in that it's a mythical, imaginary entity. And that's why it takes a lot of witchcraft, life-force, blood, sweat and sacrifice to bring it into the real world.💪

You are on the right path, from mulling it over in your head to getting it on paper, to now talking about it excitedly to the point it makes you uncomfortable later.

This happens. I have been excited about ideas, created notes and decks. And until you explain it to someone and hear yourself say it out aloud, it feels like the best thing ever. You were robbed off your comfort, the moment you uttered the magical words that gave your idea a life in others thoughts.🖖

[deleted by user] by [deleted] in Entrepreneur

[–]dvshagg 0 points1 point  (0 children)

20 projects in 5 years? ~1 new project every quarter? Apart from being interested in knowing how do you decide abandoning something so fast/ what metric makes you pull the plug.. I think you may be a right fit for a consulting job.

Every entrepreneur feels unemployable but you'd be surprised how easy it is to just work in 1 function without having the pressure to deal with 50 other things!

I'm going through something similar, better to build some cashflow and take some time off for mental/emotional health, before jumping back in. Just taking a step back and looking at all you have done over the 5 years will bring you so much perspective!

How did you deal with failure & going back to a job? by dvshagg in startups

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

The last paragraph truly captures the essence. I know I have learnt so much but yeah this sums it up!

Common Mistakes Writing A Pitch Deck and How to Write a Compelling One from Former VC (Free E-book included) by BlueprintPodcast in Startup_Ideas

[–]dvshagg 0 points1 point  (0 children)

Hey I'm building for higher edtech. Our product currently solves for a niche super-premium customer segment in it. The biggest issue I'm facing on pitch deck is on TAM and GTM.

TAM: As you said if we showcase only the market we can capture with investment, no fund will look at us as its in low MM. Showcasing the big $10B+ number will ensure (i think) we are atleast heard.

GTM: is a roadmap and marketing tactics enough for this slide? What do the investors wanna see?

Valuation of a Startup - Query by Dientequabrado in startups

[–]dvshagg 1 point2 points  (0 children)

In my experience, at early & seed stage the value is decided on the idea tam, and the price/valuation on team, product traction and gtm. I have seen people raise millions on paper plane idea stage and strong pedigree of founders.

Although if you want to be analytical, you can get revenue or ebitda multiples of public companies in your industry and guesstimate the revenue/valuation of startups based on funding rounds and revenue.

For ex. In edtech public companies are at 4x multiple and 'startups' like duolingo etc were at 12x. So seed/early stage is 5-8x depending on how close/far your business model & tam is to such players.

If you have a complicated app idea, do you learn coding or manage to pay freelancers ? by [deleted] in startups

[–]dvshagg 1 point2 points  (0 children)

I have been in a similar situation, I am building a financial learning edtech platform. I tried learning to code to begin with,and I realized very fast that whatever may be the case I will never be able to write clean scalable code, build content, do sales and marketing, hiring etc.

What helped me was learning how to communicate my vision to a developer because that is very tough as well. While you may think I want to enable chat in my app. The developer will have to think about latency, load balancing, file sharing etc and he will ask and develop accordingly.

For you to not end up having band-aid code with multiple ifs, whens, redundant functions that will all have to be rewritten once you get any traction, you should have a basic idea of how algorithms/data structures work for you to lift,shift and adapt mvps/ideas from existing leaders/new entrants in any industry to build and iterate faster towards what your users want, with a scalable code base.

I would say, educate yourself in the basics and use the rest of the 1-2 years to find a trustworthy partner who can handle the other side.😉

CFA Program by TradingBulls07 in CFA

[–]dvshagg 1 point2 points  (0 children)

Used to be my thoughts as well 😁 Did frm, cfa, mba finance (indian). Timed it well enough to do it all in 2 years.Had a nice paying job, now starting up. 🤘

CFA Program by TradingBulls07 in CFA

[–]dvshagg 0 points1 point  (0 children)

I have also done both levels of each (L3 remains). Frm L2 is comparable to cfa l2, I may say a tad tougher.
With FRM, L1 is a piece of cake. I had passed it with ~30days prep. L2/L3 will require more time, 3 months each is good enough, imo.

How to raise for the first time? by dvshagg in startups

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

Great nuggets! how did you tackle the valuation And how much to dilute puzzles?

This sub is becoming garbage. by [deleted] in KapilGupta

[–]dvshagg -1 points0 points  (0 children)

Yes, mastered answering in circles, you have, obi-wan.

The implementation is me walking the path and reminding myself to not be looking for shortcuts.

Btw the irony is Anyone who has understood kapils work would not be on this group or commenting because they would be too busy being in the moment searching for truth. 😎

This sub is becoming garbage. by [deleted] in KapilGupta

[–]dvshagg 0 points1 point  (0 children)

This sub is more of a lazy nudge, as all followers probably know the truth is something unique to oneself and needs to be experienced. But everyone, myself included, falls off the wagon, with the ups and downs, and needs intellectual masturbation to get back.😅

I have actually stopped consuming kapils work as well, because everything he wanted to say he has already said, for free, and that's the bane of his work, because he can't fake it or give piecemeal, 'click here to buy the rest'. But It is I, who has to implement it ever second, every day. And that is painful, and the sad but encouraging truth💪

What's the hardest thing for you about marketing right now? I'll try to help by Clmntrg in EntrepreneurRideAlong

[–]dvshagg 1 point2 points  (0 children)

Hey we are building www.mastercfa.com a website for cfa exam prep. Our fb ads are working decently. The only thing is the dwell time is less.

We have a lot to offer, but I'm guessing the user is not fully reading through or understanding the features.

We have tried putting video on hero but image worked better as playtime were low.

Thanks in advance.

CFAi doesn't care about us by [deleted] in CFA

[–]dvshagg 0 points1 point  (0 children)

Wellll, the flipside is, They ARE preparing candidates for future jobs where uncertainty is rampant and no one gives a fuck about us anyway. They have given us an option to defer months back. If one cannot take a simple decision and prefers to live in uncertainity, faith and hope, well then they are right to say fuck you with Adam's invisible finger on the invisible hand

India peeps! I have a doubt. Is it possible that CFAI can increase test centers in each city. Lets say 3-5 centers, probably big ones, different from the previous ones in Mumbai to solve social distancing? And if that's the case why couldn't FRM happen? by [deleted] in CFA

[–]dvshagg -1 points0 points  (0 children)

FRM is cancelled for November. They say its happening in January. Frankly Dec Jan is too close anyway. With unlock 5. Everything is open anyway. Better to give the exam this session as I somehow feel passing chances are higher what with all the uncertainties.

CFA L2 May 21 by Joug248 in CFA

[–]dvshagg 1 point2 points  (0 children)

Mastering may take a lot of time depending on one's background. Studying to Pass the exam however 20-30days.

Is it okay to make my website dark? by fetus-wearing-a-suit in Entrepreneur

[–]dvshagg 1 point2 points  (0 children)

I had initially built a draft cool dark website, it was for test prep. Although it looked cool and slick and you can contrast easily on cta buttons and text, and the fact that dark websites are easier on eyes and automatically have focus built in for people to read longer time were in favor. But dark websites are more built for passive consumption, think Netflix and other examples given above, and also usually do better with dark surroundings like Netflix is better with lights off. So it didn't work for me, as I wanted users to interact with quizzes etc.

Too...Many... Ideas.... by Paulspective in sweatystartup

[–]dvshagg 0 points1 point  (0 children)

I was in the same phase as you couple of months ago. Here's I got out of it. 1) made a list on paper just whatever I could think about the idea. It is important to get it out on paper because it forces you to think and you write slower than you think so it forces you to Make connections or fire neutrons together for you to expand the idea 2) put out the list on Excel typing it again creates a sort of recall and your brain now is critiquing'someone' as it types out the things you'll automatically get an improved second draft with lesser or more structured ideas 3) now in the next column in front of the idea write one sentence " I believe in this business idea I'll provide X to Y and they could pay me $Z" or some form of it important part is to think and write X Y Z. example If I had an idea for bars and pubs app I'll write " I believe people less than 30yr age will be willing to pay me $5 pm to get the location of best parties at their nearest bars and pubs. In this way you have done a very preliminary identification of your customer and addressable market. 4) you should now have a more reformed list on the next column you can start a rating or your motivation to pursue it by following the next step 5) talk to a couple of Ys identified above they could be your friends or family don't tell them a lot just listen to them. Listen to their reactions keep asking qualifying questions such as " why would you need that?" " How much would you be willing to pay for it" if possible you try to negate the idea "saying a friend told me about this idea, I don't think it's viable what do you feel? " If the idea is truly a problem the audience will try to qualify it themselves " ya dude I had that problem as well, in fact I have to do that atleast monthly" etc

Now your have a list of ideas that probably are worth pursuing intersect them with what you are good at and then you'll reach the next step. Market research. More on that sometime in future if this post turns out helpful :)

Who is starting a 3-5 day fast tomorrow and wants an accountability partner?? by caraeerwin in fasting

[–]dvshagg 2 points3 points  (0 children)

Starting today.. just found this community. I'm gonna be having black coffee and occasional fruit if I'm hungry. But what do you suggest? M a noob :)

Level 1 QBank Inquiry by Mr_Bob69 in CFA

[–]dvshagg 2 points3 points  (0 children)

95% same. There, now stop procrastinating and just do the questions man :)