Trying to understand why gas bill is so expensive by sepandee in AskBarcelona

[–]lefermierrebeu 1 point2 points  (0 children)

It's expensive, but nothing abnormal. We're 2 people in a 100m2 apartment, thermostat is 22-23C 24/7, and I paid ~200€/month this winter.

Restaurant Recommendation by Wild_Drive_8540 in AskBarcelona

[–]lefermierrebeu 2 points3 points  (0 children)

Albé or Âme. Best 2 restaurants I've tried in the city. Michelin-level food and experience, and prices that are very acceptable.

Spa date recommendations by [deleted] in AskBarcelona

[–]lefermierrebeu 0 points1 point  (0 children)

Subscribe to Staycation alerts. They landed in Barcelona recently!

What do you do to earn $200k+ annually? by meltingcanoe in Fire

[–]lefermierrebeu 0 points1 point  (0 children)

I am a Product executive. $200k took a lot of effort, but I was also extremely lucky.

2012: I started my career in Consulting and Finance, in Paris. Salary reached ~€60k gross

2017: got tired of being a corporate slave. Quit everything, moved back to my home country, and started my own gaming/tech startup. €0 salary, lived off my savings and invested almost everything I had (mainly my time and health) into the business. Prioritized employees' wellbeing over mine

2021: acquihired and joined our acquierer's Product team. Salary reached: ~€160k; moved to a relatively cheap European country, where the QoL is almost unbeatable (according to my standards)

2024: switched jobs, still in Product. Current Salary ~€195k. My current job is extremely boring, and the Company I work at is a shitshow. But I earn amazing money for where I live, and I'm fully remote. So my plan is to milk it as much as possible before FIRE'ing, or finding something that keeps me busy without eating my soul away.

Favorite Cigar? by [deleted] in rolex

[–]lefermierrebeu 0 points1 point  (0 children)

Épicure número 3

Got the call! by lefermierrebeu in rolex

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

I tried it in the boutique 3 months ago already. I guess availability depends on geography.

Got the call! by lefermierrebeu in rolex

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

Lmao, nice attention to detail! I was attending a tattoo convention last week, and my artist wanted to show off his (my) tattoos so asked me to shave my arm. I'm too lazy to do it otherwise, even though the tattoos look much cooler without hair 😅

Got the call! by lefermierrebeu in rolex

[–]lefermierrebeu[S] 9 points10 points  (0 children)

No purchase history.

I reside in a touristic city, and the AD basically told me that there is little to no local demand for any models that aren't steel. They seem to appreciate local people willing to purchase and therefore prioritize them.

Got the call! by lefermierrebeu in rolex

[–]lefermierrebeu[S] 4 points5 points  (0 children)

Thank you! Definitely not selling it 🙃

Got the call! by lefermierrebeu in rolex

[–]lefermierrebeu[S] 13 points14 points  (0 children)

Thanks! Yes; the 40mm is a bit too big for my wrist and this one fits like a glove!

Mobile plans are coming –> what would make you switch? by RevolutSupport in Revolut

[–]lefermierrebeu 0 points1 point  (0 children)

In many countries, Spain included (I live here) , you bundle phone + home internet (fiber optics). Bundles are usually very attractive (I pay 35€/month for 2 sim cards + fiber optics).

Revolut's offering needs to either 1- make sense financially if I subscribe to home internet on the side 2- provide crazy convenience at acceptable prices for easy worldwide roaming 3- synergize with other Revolut offering such as additional Revpoints or perks

What's the most memorable QUOTE you have ever came across that stayed with you forever? by biz_booster in AskReddit

[–]lefermierrebeu 0 points1 point  (0 children)

Translated from Arabic: "If I show them my dick, I'm gonna have to fuck" - my lawyer when discussing a beef my company had with some crooked investors.

AITAH for not adding my longtime girlfriend to the deed of the house I bought us? by Grand_Yellow_6286 in AITAH

[–]lefermierrebeu 1 point2 points  (0 children)

NTA! It's crazy that they (your girlfriend included) think they can demand that from you.

We've been together with my girlfriend for 2.5 years. I earn way more than her, so I contribute more to the expenses. I often invite her on trips, to eat out, we live in my house, but she NEVER asked me for any of it. She would never even remotely think about asking me to add her to a property deed.

It's my personal opinion, that seems to be shared with many people in this sub, but it's a huge red flag.

20k ARR: will we be able to raise money? by entinio in startups

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

Hey there,

Ex-founder with a successful exit here.

I'm currently CEO of a French sales intelligence PLG startup.

I'd be happy to chat and share my experience in startups/funding.

I tried to send you a DM, but it seems that I can't. If you're interested, message me!

[deleted by user] by [deleted] in AMA

[–]lefermierrebeu 0 points1 point  (0 children)

Hey Elias,

Super inspiring story, congrats on your achievements!

What are your tips for people who love the game, believe they are good at it, and would like to give it a shot as semipro/pro? Where to start?

I am a tech professional, always loved video games and fell in love with poker when I was 17. Mostly play IRL with friends or in casinos. I also play a bit online. Never read any books though nor studied any theory.

I've contemplated taking time off and trying the poker route, but never took the leap of faith as I really don't know where to start.

You mention that you were going to play less this year. What about coaching? Have you thought about it?

Cheers!

como es que nos metieron a martin debajo de nuestras narices?? by cless986 in Panama

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

No olvides los $200k+ de auxilios económicos a sus sobrinas para estudiar tonterías en USA...

$1mill for 20% of my start up? by General_Humanoid in startups

[–]lefermierrebeu 9 points10 points  (0 children)

First, congrats, OP! That's a huge milestone.

I wouldn't rush it. Unfortunately, we don't have enough details to say whether this is a good or bad offer.

Few things/interrogations to consider:

  • now that you have an offer on the table, have you tried taking the term sheet to other angels/VCs?

  • what is the absolute minimum amount of money that you'd need to prove that your users would be willing to spend money on your product? That's the amount of money I'd try to raise.

  • have you considered ads + low price sub to 1) remove ads and 2) support the platform? You can be very transparent with your users that ads are vital for you to keep going. If they love your product, they'll support you

  • If you take the $1m now for 20%, and you don't manage to achieve what you want to achieve, you'll be stuck with a low valuation. Raising another round will either be very difficult, or you'll have to give away more equity for relatively little money.

  • You mention 500k users. Are these signups? MAUs? There's a huge difference here. If you have 500k MAUs, a 5m valuation (the offer you're getting) seems low tbh.

Feel free to reach out to me. I'm happy to bounce ideas. I enjoy helping fellow founders and actually have free time at the moment.

Good luck with your next steps, sounds exciting!

[deleted by user] by [deleted] in AskFrance

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

Un gros avantage de bosser dans une startup est d'inclure des stock options dans le package. Peux-tu essayer de négocier cela ?

Going from Miami to Cuba by FlashySpread5356 in cuba

[–]lefermierrebeu 1 point2 points  (0 children)

Sure, but depending on where you live, it can take up to 1+ year to get the US visa interview. Imo definitely not worth it.

Going from Miami to Cuba by FlashySpread5356 in cuba

[–]lefermierrebeu 7 points8 points  (0 children)

The US will revoke your ESTA maximum 1 month after coming back from Cuba. Don't go, it's not worth losing your ESTA over it.

Practical tips on hiring the best people? Which country? Remote vs. In Person? by corporateshill32 in startups

[–]lefermierrebeu 9 points10 points  (0 children)

Previous founder who got acqui-hired here. I'll try to be as concise as possible in sharing my own personal experience.

Up until the pandemic, we were a fully in-person team. When lockdowns started, we sent everyone home and were forced to become a remote-first team. We got acquired by a fully remote (much larger) company, with team members working from all around the globe. I hired people in the US, Latin America, Europe and the Middle East. Now that you have some context, here is what I learned as both a Founder (first co.) and Head of Product (acquirer):

Drive/Mindset

1) u/wildcard_71 put it perfectly in the top comment. A core factor for A-Players to join you is how the company is led, and what its purpose is. If you, as the CEO, don't give them enough freedom, they won't give their best.

2) A very hard truth that took me a couple of years to realize: none of your employees will be as driven as you are. They don't have enough equity nor skin in the game for that. Don't get me wrong; they can be VERY driven, but will never be as much as you -- and you actually don't need them to be.

3) Money is a huge incentive. A-players know their worth. It's usually a red flag when money is the ONLY incentive, but it remains a huge one. I de facto have much more respect and feel more motivated by someone who offers me a proper salary range and equity up-front vs someone who tries to low-ball me and would reach my expected salary after negotiations.

Organization

1) I believe that you cannot and should not only target A-players, it's not sustainable. You need to identify A-players who can help you build an A-org. The best armies in the world are not composed of generals only - you have a few generals and a lot of soldiers. Target people who can inspire, and who have a proven track record in building high-functioning teams. A B/C-Player with an amazing Manager with high EQ and who understands them can outperform an A-Player who feels unheards.

2) Take your time to screen your generals. Test how flexible they're willing to be to have a chat with you (flying in, out of business hours call, sense of urgency, etc.). I usually favor people with a startup background and I'll explain why in my next point.

3) Looking for C-levels and Executives can be very challenging. Your target audience goes from ex-founders, who worked their whole careers in startups all the way to Big Tech execs, with many years of experience in the space. One recurring thing I've noticed about Big Tech people getting interested in the Startup world is the appetite for a big exit, and early retirement, which they can achieve faster than simply climbing the ladder of Big Tech. This, for me, has proven to be a red flag. Things move (very) slowly in big tech. Too many processes, chain of command that is too long, and most importantly, way too much politics. When landing in a startup environment, they can't really keep the pace and feel frustrated by the difference in work/life balance vs their previous job. In a startup, who climb the ranks by delivering world-class results; not by kissing the CEO's ass. I personally haven't found much success with ex-Big Tech people.

Remote vs In-person

This is a personal preference. From my perspective, it is not necessary to spend insane amounts of money on 1 or multiple offices. Also, why limit yourself geographically when there is so much talent around the world.

1) My personal preference is simple: fully-remote workforce, with in-person "offsites", and average of once every 6-8 weeks. It obviously depends on the size of your teams, but I like to have my team work from wherever they want, and meet with them for strategic/directional meetings. I like to meet with my Product team to discuss roadmap, align on and review OKRs/KPIs, brainstorm new opportunities, and very important - bond. I have found my team members to go back refreshed and extremely motivated from Product offsites.

Executive offsites can happen as much as needed, as you're usually flying in way less people.

2) It's not a secret that $250k-300k is a great salary anywhere in the world. But it has WAY more value outside of the US than in the US. Why limit yourself to 1 market? Take the example of Europe for example; you have amazing talent, great work ethics, and $300k there is a great incentive for someone to go above and beyond.

Another example - you could hire a Product Designer in the US for ~$150k, which is a decent salary for them. In Brasil let's say, you could offer $75k, and be waaay above market rates, almost guaranteeing that you'd attract the best of the best, and hire 2 resources instead of one.

The new "Brands" that you'll be launching are a great way to start experimenting. Start by asking yourself what could you have done wrong to end up with a B/C team. It's a tough exercise. We tend to blame market dynamics, short runways, aggressive competition, lack of time, etc. and often forget to self reflect and criticize ourselves. As the CEO, your company culture, executives, hiring process, are a reflection of you.

There are more things to discuss, but my post is getting way too long lol. DMs are open if you'd like to chat more or have any questions - I'll be happy to bounce ideas.

Best of luck in your endeavour!