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Questions

Ask anything. Founders answer honestly, because nobody knows who they are.

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Questions·Apr 17, 20146

Split Rock Ventures only VC that can not find deals to invest in?

http://finance.fortune.cnn.com/2014/04/08/vc-firm-split-rock-moves-away-from-healthcare-deals/ Note: this article must be edited as they have taken out a…

Questions·Apr 15, 201412

Two of my co-founders are siblings, and one does nothing for our company. Should I get between them and ask one to side with me and fire the other one?

We are four co-founders, two of whom are siblings. One of the siblings works very hard, and is kind of the moral leader of the team. He’s really dedicated…

Questions·Apr 15, 20146

Closing Shop – How to Do It?

I have a handful of clients here in MN and one out of state. I’ve made the switch to the corporate world and I have to say it’s a lot less stressful than…

Questions·Apr 15, 20141

Are we too far along to go through an Accelerator program? Or should we raise seed round?

We have a SaaS, subscription product B2B.. we are in private beta now and are in the sales process with several potential paying clients. We have full MVP…

Questions·Apr 15, 20144

What part do you (as a founder) hate most when dealing with investors?

What I hate most: It takes forever from the initial contact to wiring the money…

Questions·Apr 15, 20149

How many of you are tired of the bullshit speak coming from the Sharing Economy startups?

I’m sick of startups such as Airbnb, Uber, Lyft, Postmates wax lyrical about how they’re empowering people, helping people pay their rent and create…

Questions·Apr 14, 20144

If a startup is running out of money, who should be the last to go?

So if a startup has, say a month or two of cash, with a handful of founders. The founders all believe in the company, the software works and traction is…

Questions·Apr 13, 201415

Why are you full of it?

I don’t understand. No one is forcing these people to come out and say “hey I’m here for you. If you need anything just let me know. I read and respond to…

Questions·Apr 13, 20143

Suggestions On Getting Your Mojo Back?

Over the last few years I had my share of failures and personal family loss. I have always been someone that had goals and worked hard and most…

Questions·Apr 12, 20146

Should we continue growing organically or raise a round to accelerate the process?

14 months of bootstrapping; selling and making money; no debt but I’m impatient

Questions·Apr 11, 201415

What are your thoughts on the tech protesters in San Francisco?

Many service workers are outraged by the increase in the cost of living in San Francisco – which the tech industry is partly responsible for. It even went…

Questions·Apr 11, 20147

What’s it like working with Science Inc (Michael Jones’ company)?

From founder’s perspective.

Questions·Apr 10, 201411

How do you create something when nearly everything is patented?

It seems like nearly every permutation of a technology idea or process is patented. How do you create anything these days without risking patent…

Questions·Apr 10, 20144

What happened to Colingo?

It announced it had raised $2.4M in seed funding in Novemeber 2013. In January, it seems to be shut down but there are no official farewell message. It…

Questions·Apr 10, 20143

Just got a job at a big ed tech company for the summer, have no plans of leaving, but worried about the confidentiality agreement

I just got a job at a big ed tech company that i’m really excited about. I will be working there this summer, and have no plans of leaving. However, I’m…

Questions·Apr 10, 201413

Has this happened to you or another founder? Someone invests in your company to gather information which they use to help a competitor launch a competing product?

I just read this excellent article on Pando. The CEO of Postmates, a courier service, allowed one of the investors of Uber to invest in his company. The…

Questions·Apr 9, 20142

Anyone worked with the kind of bad investors Marc Andreessen tweeted about?

http://twitter.com/pmarca/status/452156739274551296

Questions·Apr 9, 20148

What are your top 3 must read books and must see Ted talks/documentaries/movies covering startup stuff?

Questions·Apr 9, 20148

Has anyone pursued two very different business ideas simultaneously? What was the outcome?

Questions·Apr 9, 20149

How did you spend your “friends & family” investment round?

We are an early stage start up considering raising funds for the main purpose of paying out modest salaries to ourselves so that we can quit our day jobs.…

Questions·Apr 9, 20142

When do you approach VCs?

With plenty of VC holding office hours or welcoming cold contact, at what stage do you get in touch? Traction only? Early stage concept? After seed round?

Questions·Apr 8, 20141

What is it like working with Yang Ventures as a founder?

Their site talks a good game (I know, don’t they all?), with mentions of seed stage focus, mentoring (including list of mentees and how they met), and…

Questions·Apr 7, 20146

Anybody else have their computer desktop scattered with notes to themselves in an attempt at motivation?

ie text files, digital stickies, etc. Even though you may not open it again after writing it? Talk to your procrastinators anonymous rep, yo.

Questions·Apr 6, 20145

Does my future employer own my current startup ideas? (California)

I have ideas but no means to execute on them. I will be joining an unrelated tech company (unrelated to my ideas). During employment I work on my ideas at…

Questions·Apr 5, 20144

How often do well funded companies like Flipps steal code from rivals or interviewees?

According to a developer, Flipps interviewed him and had him write code to test his skills, refused to hire him, but shipped his code barely 48 hours…

Questions·Apr 5, 20143

I would like to sell my profitable startup. Where do I begin?

We are not the next Whatsapp, etc but a “mom and pop” shop in a niche industry.

Questions·Apr 5, 20147

WTF is really going on at Clinkle?

It keeps bleeding staff, most recently CSO (who was just hired in Dec), COO (joined Oct and left Mar), VP of design left (Mar) after just DAYS on the job,…

Questions·Apr 5, 20143

How do I value my B2B SaaS startup based on potential, if I have no paying customers yet?

Before you completely eat me alive, allow me to clarify: – We have national and local brand interest – We have verbal comittment of funds being allocated…

Questions·Apr 4, 201414

What do you want to know about going through an accelerator?

I recently went through a very well-known accelerator (one of the top three) and frequently get asked questions about the experience, requirements,…

Questions·Apr 4, 20143

Should I sell my business idea?

Until a couple of months back, I, along with two others, had a startup which was doing pretty good. But due to a pretty bad fall out between the founders,…