Founder at LawTrades. 500 Startups. Product guy
No two businesses are identical and it is not recommended that you use a generator or copy and paste another companies terms of service and privacy policy. Although your business models may be similar, each business has their own unique identifiers which warrant a proprietary PP and TOS. If you use data in a way that is not clearly stated in your documents, you could be leaving yourself wide open for some legal pitfalls. In order to create a PP and TOS that works for your business, you should definitely seek the help of a lawyer who specializes in this field. There are plenty of experienced and affordable lawyers at www.lawtrades.com, and I recommend giving it a try if you’re serious about protecting yourself and your business. Not to mention, I have seen PP and TOS prepared routinely for $600 or less. I understand that dealing with a lawyer is often a daunting and intimidating task, and since you’re operating a startup you certainly have other tasks to focus on. However, if you invest the time now to protect yourself it could potentially pay dividends in the future. It may be tempting to simply have these important documents created with the use of a generator, but I have seem more harm than good come from these. Additionally, the generated documents are essentially a “blanket” document and contain a lot of information that does not pertain to your business. This results in a PP and TOS that is much longer than it should be. Besides, if creating your own legal documents was so easy then why doesn’t everyone do it? I’ll tell you why and it’s the same reason why computers cannot completely automate the process of accounting. It is because human input, knowledge, and expertise is needed, period. Think of your PP and TOS as stating how your business operates. If users doesn't feel comfortable visiting they may not convert or worse, just use a competitor. Sounds scary, doesn’t it? Just think, this potential headache could be avoided by simply taking the time now to create a proper PP and TOS. The following article from Forbes does a great job emphasizing the importance of hiring a lawyer. http://www.forbes.com/sites/dailymuse/2012/09/18/what-start-ups-should-know-about-hiring-a-lawyer/ Hope this was helpful! Feel free to check out www.lawtrades.com when you're ready or just message me directly if I can further assist in any way. And don't forget to mention "clarity" for a discount :)
I'm a business lawyer with 5 years of experience.
It is likely that google copyrights its images and that your work would be considered a derivative, which is infringement. You might argue fair use or that it's not copyrightable because it's not creative enough, but that is likely a losing argument. Try getting your own non-infringing photos.
Social Media Marketing
4
Answers
Clarity Expert
Definitely don't just look locally. There is a much, much larger global market. When you recruit, pay at least 3 people to do a trial task. Give them a fixed amount of time (eg 3 hours) and compare the results. Don't let people who interview well confuse you between people who produce great work.
Founder at LawTrades. 500 Startups. Product guy
This is a complicated question that likely requires legal advice particular to the startup. However, compensating employees at a seed stage typically takes the form of stock options or restricted stock units (RSU)s. Stock options essentially give you the right to buy shares at a certain price (“strike price”) after a vesting period - typically, after your one-year anniversary date, with 25% transferred to you each year over a four-year period. The key here is that you must purchase the options. Your hope is that by the time you’re eligible to buy the options, the stock has appreciated. However, stock value could have eroded making it worthless, which doesn’t happen with RSUs. RSUs are a relatively new financial creature. Similar to options, there’s a vesting period where the employee must satisfy certain conditions before the stock or its value is transferred (typically, there’s a period of time and other conditions - e.g., work performance). Unlike stock options, there’s no purchase involved. Instead, a certain number of units are allocated - or granted - to the employee, but there’s no value/funding until after the employee has satisfied the vesting requirements. As always, please understand this answer is not offered as advice, but only to provide general information. Since there are many considerations involved with the complexities of these transactions, you really need to have personalized advice specific to your circumstances. Please check out LawTrades (www.lawtrades.com) and connect with an experienced startup attorney for additional guidance about evaluating equity distribution.
Commercial Banking
4
Answers
Senior Consultant at Deloitte
1) Change bank 2) Stop doing money laundering or giving them suspicions of doing so by avoiding excessive cash deposits/withdrawals or having periods of large movement and then no movement (these are triggers) 3) Have a good relation with your banker 4) If they ask you for nature of your business then answer truthfully 5) Ask them if its a mistake....these things happen
Serial tech entrepreneur. Former CEO of vWorker.
Gut feelings are sometimes right and sometimes wrong. Personally, I prefer to make decisions based on data rather than feelings, because this drastically reduces the risk of making a wrong decision. However, the harsh reality is that many times in business person has to make a decision without having access to all the facts. So it is important to be able to develop the ability to get in touch with your intuition, and build your confidence in using it. Ultimately, the real trick behind making any decision is to find ways to minimize the risk if you make the wrong one. This applies to whether you use your gut feeling or not.
Mobile product expert
Sure, it's correlative for technical reasons, iTunes / AppStore does not provide (yet, might change) a mechanism for that, so 3rd parties have to build their own. I recently discussed with people from Adjust and I was really impressed. HasOffers / MobileAppTracking seems to be a good choice as well.
Coaching Top Shelf Humans to Extraordinary Results
Debt is nothing more than a math problem. You modify the equation (income/expenses). You modify the outcome. Simple as that. Over 20 years in the debt relief space has shown me its nothing more than a physiological problem, once you get your mindset in check, the math problem takes care of itself. Create value for a company, or start up a business. Either way, you need to boost your income. Big time. If you only have $50 to your name, forget about the debt right now, focus on creating value for a company, or as an entrepreneur. Money will follow if you do it right.
Managing Partner at Zero Limits Ventures
Wow, lots of questions here. Let me try to hit them in order: "Should I get a job or find investors?" IF you have access to enough investor capital (not debt and not your savings) and you can get to MVP and still maintain ownership of a sizable majority of the business then do it. IF that means debt financing then only use the debt lines the cost of which can be carried by returns generated by the use of funds. I would prefer to offer a convertible note to prospective investors that can be easily extended throughout both friends and family and seed rounds (up to $2M to $3M) to get to proof in the market. If you can get to revenue and earnings fast enough then you can avoid equity dilution all together. IF you cannot secure that find of funding AND you cannot produce enough revenue from your business to deliver sufficient earnings for you to live on, then by all means, you should find a way to make the money you need and not burn all your savings or mortgage your home If that means short term contract work that's great. Particularly if you can find log term work that is relevant to the business you're building. If that means taking a job then do that. IF you do that, then yes, be transparent with your employer and let them know you're working on your own business also. Hope this helps....
SaaS Business Coach, Investor, Founder of Clarity
I've had many "Advisors" over the years and I like to break them up into 2 groups. 1) Formal Advisors These are people who strategic insights into the business and would create value for the company by having them listed on our site, and have access to them in an ongoing way. I typically engage them well before anything formal to see if they would actually be helpful and that we both get along. Compensation is usually around 0.1% - 0.5% ... if the person is amazing and will also help with the fundraising process, then I would go as high as 1%. 2) Personal Advisors These are people who I turn to for specific advice around tactics and strategy on an infrequent basis (maybe once or twice a year). Things like SEO, Internationalization, etc ... I typically try to create value for them every time we chat, so that it's win/win and I don't compensate with equity. I've personally never paid for formal advice, although I do often via Clarity .. but that's different. The great thing about Clarity is I can avoid spending the time or equity to get similar quality advice in usually a faster time period, however both approaches (list above vs. using Clarity) are totally different affinities to the person and the company. Call if you need more.
Serial entrepreneur/CEO
You need to stock the shelves with products that your customers want to buy, but you don't need to create a Wal-mart size store right away. You are right to focus on one local market first. Figure out how many transactions you need to prove product/market fit and then work backwards. If you need 50 transactions, how many products or services or service providers do you need to get to 50? Be laser focused on who your early adopters are, and stock the shelves with what they are most likely to purchase first... good luck!
SaaS Business Coach, Investor, Founder of Clarity
I believe past history is a great predictor of future work, so I would ask 1) Have you worked with anyone in our industry or similar project? 2) Ask for their complete portfolio 3) Ask them how many full time vs. contractors 4) Ask them who on the team (or individual) did the work you like and if they would be available for your project? 5) Ask them to asses your idea and come back with 3 highlevel ideas via email or powerpoint. If you're going to be spending $10K+ then I think it's fair to ask them to do a bit of work to demonstrate how they would approach your project. My rule in life "I can't work with you, till I work with you".
Serial tech entrepreneur. Former CEO of vWorker.
Ultimately, it depends on the value the app has for the buyer (not how much money you put into developing it). Unfortunately there are many reasons for a buyer to purchase an app and so there are many ways to value an app (a multiple of yearly revenues,number of active users, etc.) . A good solution to this problem is to post your app on an auction site such as http://www.apptopia.com/ and let the marketplace give you an answer. Good luck with your sale.
Build a profitable business you love.
Hi there, Two things come to mind: 1) Go to the networks directly and ask them about their fill rates, historically, in your target countries. 2) Once you've identified 3 that seem pretty good, ask your programmer to implement an ad cascade. S/he can probably handle this with a .plist file if you don't want to build a backend. Basically, you designate your preferred ad network (based on fill rates and eCPMs though the relationship between the two is a whole other can of worms), and then your #2 choice, and #3 choice. The "cascade" effect comes into play if your #1 choice doesn't have an ad to serve, and the code then queries #2. And so on. Rather than pick one ad network and hope for the best, you can have three or more networks that provide "failovers" and minimize missed impressions. Some devs also like to create an online dashboard so that they can swap positions in their cascades on the fly. Hope this helps, Austin
Business Strategist, Speaker & Ultra-Runner
Look on Google Communities for technology focused BETA testing groups... Look on Linkedin Groups for business focused potential testers... Look on Facebook Pages for people who like apps/companies like what you are trying to bring to market... That should get you started.
Very passionate mobile developer
In my opinion, the best thing to do is to finish the development completetly, test your final product for bugs and when the teating period is over you can go ahead and publish it. Best regards, For more details I'm always available.
Clarity's top expert on all things startup
The paranoia of "my idea is being stolen" is the sign of a highly inexperienced person and also statistically speaking, the sign of someone who is unlikely to succeed. Your skills as a designer and implementer make you highly valuable to many non-technical founders, so you should consider yourself able to pick your partners, and not have to "settle." An idea is worth *nothing* without execution, so I'd suggest that you align yourself with a more experienced founder. Happy to talk through this and more details in a call. I'd also caution you that a contract doesn't provide you full security against this person's deceitfulness or bad behavior.
I am an Apprenueur based in Lagos, Nigeria
Hello, 1.First of all, you must define your business/marketing objective for this game app. Is this app designed for you to make money or reach users? You must be clear on what you intend your Game app to achieve for you. From what I see you post here, it seemed to me that your main objective is to reach more users and get lots of downloads for your app. In that case you fall in the category of developers known as "Hunters". In your case, revenue is equally as important as reach and this is reflected in youor choice of iOS as your priority platform. Indeed iOS offers better revenue opportunities. 2. Secondly, having determined your business objective, then you move to the next question. Who is your audience? In this case, you want to target the gamers "sporty and aggressive" niche. Now, I recommend you visit the Apple store and check the top free, top paid and top grossing charts in the " games"category that you are interested in. In your own case, you better be looking at the "top paid" and "grossing" charts since your main objective is REACH and REVENUE. 3. I suggest your check Google Trends and use the right keyword to see what Games apps are currently TRENDING. This way, you will look at FEATURES of such games to get User Interface devlopement ideas. You must also give yourself to learning about SEO(Search engine optimization) principles, policies and best practices as it relates to the Apple store. 4. Also check Facebook Games section for developers. I bet you will get cool ideas on User Interface design and codes that will give your maximum REACH Check for games that are TRENDING on facebook . See https://www.facebook.com/games/browse/top for facebook "Top Charts" games. I can guarantee you that most Facebook Games apps are supported on iOS and also available on the Apple store. These games will give you great User Interface design ideas. Games apps reach do not depend only on User Interface design, so get into the SEO & Analytics part of the Apple store market place for wise use of "keywords". Cheers & Have a nice week ahead. ================================ Suggested examples reached by entering "racing" in the Game section of Facebook Games Apps (https://www.facebook.com/games/browse/adventure) https://www.facebook.com/realracing Try out a few of these games on your iPad and check out their user experience, which is a key factor for maximum user ENGAGEMENT.
Clarity's top expert on all things startup
Ian's answer is great. He outlines how you can begin determining the potential customer interest in this which is very helpful. But even if customers respond favourably to this idea, I think you have to be really confident in the economics of the business which, just thinking quickly, I'm not. The measure of a healthy business like this this is a much higher LTV (life time value of the customer) then your CAC (customer acquisition cost). Uber has the advantage of knowing that once they acquire a customer, that person is likely to use their service many many times over the course of years. By contrast, how many people will need your service more than a handful of times over the course of 3 years? There are other even more practical concerns around the marketplace economics and behaviours that I'd be happy to address in a call. I think that social roadside assistance is likely a feature of a bigger opportunity.
Haven't had a boss since I was 23.
I don't know any specifics about how these companies do things, but this part of what they do doesn't seem like it'd be especially hard. The various music service APIs provide ways to search their libraries for a string so you could do a reasonable first stab that way. Youtube's API provides the metadata so as long as the video has accurate metadata you can search on that.
Let's make your project a success !
It really depends on what use case you want to achieve. Will there be multiple devices controlled from a single laptop ? Do you want to remote control them ? Do you need to build a user Interface on your laptop or is command line ok ? Etc. With respect to communication, you can simply go serial (via USB), which can be easily 'upgraded' to bluetooth using a Bluetooth serial module (search for HC-06), they are really easy to integrate with arduino. As for the software side on the laptop, you can use pretty much anything as long as it can talk over the serial port. I personally enjoy Python for these kind of things. Finally, you must decide on the 'protocol' you are going to use to communicate with your device. it would be simple strings that you parse, a custom binary protocol that you design, or you may want to use a serialization library that provides you with greater flexibility. I like using 'nanopb' in my arduino projects. It is a lightweight implementation of Google 'protobuffers'. As I wrote, lots of design choices in there, feel free to plan a call if you want to discuss.
Founder & CEO at Cubicle Ninjas
The best way to test a person's talent is to put them to work in the reality of your business. If these folks are all onboard for being partners, promise to give them a cut of all deals they bring in. Structure the plan so that the contract lasts three months. Then, let them prove themselves and show (not just say) they really mean it. Make no equity promises until you can validate their claims. What if someone balks at the offer? I'd imagine these folks will have main jobs during the testing phase. If they scoff or refuse, then you've won immediately. If they aren't willing to hustle a bit extra for a few months how in the world could they do this for many years ahead within a successful partnership? Why three months? People can fake their behavior for quite a bit of time. At two months people can't help but being themselves. You'll get a taste for how they work, they're ability to close, and their personality. Personality is the biggest factor, as they may do a great job bringing in business, but be simply unbearable to work alongside. A note of caution around the Head of Marketing SME: this person sounds like a problem. Are they acting immorally towards their current employer? Check, stealing business. Are they sure they can do it on their own, but for some odd reason never have? Check. Are they requesting for more stake than they deserve? Check. These alone are reasons to run. Immoral, unproven, and greedy at the start. To me, you sound like you need to hire a commission based sales person. Give them a stake of each deal. Don't give up equity for something like this. This company is your baby and equity is a last resort.
Revitalizing, Strengthening, & Growing B2B Brands
Non-disclosure agreements are very common. Know that a non-disclosure agreement goes both ways as well. A contract agreement should also protects you from the other party disclosing any trade secrets or know-hows that they may learn from working with you.
New Business Launches
4
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Principal at Punctuation
I would suggest Ireland. The workforce is educated and hard-working. They speak English, which is critical for international work. Very favorable tax structure.