Personally see a few things that from experience i would be worried about :
a) 15% is too high for 50K.
b) mentors putting in their own money early on. As a founder you need a
mentor that can call bullshit on a deal. They can guide you without
thinking about their own investment. The best
Any advice or stories about winding up a startup ?
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good point Geoff.. Been their before on h1b years ago. quick in and out to
canada - re enter of visa waiver. Main point is having cash to cover
personal burn rate :-)
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re at notice - its not that hard to manage. After working with same
company for 6 years , when the company folded in 2002 and we turned the
lights out I was faced with same 10 days.
On the flip side, having a place and a car make life cheaper than when
you first land. If you reenter
I would like to add one more requirement - a problem is not enough.
Businesses always have problems. Your solution may solve one or even more
of them. BUT you are better finding their needs. When you can
provide a prospect with the solution to their needs you can make sales.
Also, a
Congratulations, you are now facing what maybe your first big test as an
Entrepreneur - when to say no. (and say it more like F off).
Run fast.
What they are doing is seeing if you are an easy mark - you are a solo
shop, no cash, you product could be nice, you may have started to get some
On more thing...
While I have no doubt they could pull off what they say - i would have
doubts. You need to approach it the other way round. This could be the
result of a smooth sale to you. What they say, and what they end up doing
is 99% time not what you expect - a combination of
Hi Michael,
first been where you are...so i speak a bit from experience
a) how big an opportunity is it ? work this out. If it is not a BIG
opportunity, is it worth the risk to your house/family/kids ?
b) if it is a big opportunity, don't worry about the company - they will do
their own
Just wandering how useful other silicon beachers in oz have found the the
funded (thefunded.com) as a resource when looking at australian investors
? or using Thefunded in general ?
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okay tips from my experiences
first - doing a patent is a lot of a) time b) money think about it.
next...tips that will save you a) time and b) money
a) all diagrams must be BLACK and WHITE. Sounds like no small thing
but it is. That's all. Screen shots - black and
mobile monday brisbane!!
http://www.mobilemondaybrisbane.com/
Once a month. Register on the meetup site.
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First, thanks Rob for the answer. Got the missing bit of the puzzle
- proxy
Geoff - good idea also about the proxy - SSL / RLS plays better with
proxy.
puting the 2 together,
For other mobile developers , here is the approach (which is working
for now, will see about other telcos' with
Would like info from those that have been there.
It has been suggested we look at applying for provisional patents.
Putting aside personal beliefs I may have about software patents
etc. This may be necessary from a business perspective.
So far have been bootstrapped to version 1.0. We are
Was reading this today :
http://inhabitat.com/asias-first-tidal-power-plant-coming-to-india/
I remember seeing the scotland project mentioned in the article
presented last year by one of the Brisbane Angles group members at an
investment seminar as a project they helped get started. At the time
Something like the business of software would be nice as a format -
ie. growing skills - marketing, sales, getting market fit - with
workshops etc.
Or is it a competition for $X for best startup ?
People - Paul Kenny (Sales for software people) , Some people of
Industrial Design / Product
+1 Elias
That's the point. Yes they might fail. Who cares. In the process we
might get some sort of tech hub going. What was the side effect to
ireland ? well lets go back a bit. Before the moves, ireland was
poor. quite poor. You did uni, got a green card thanks to clinton
and the
If need be can get access to a great public site that has free secure
wifi, coffee (it's $3 a cup, but its good stuff) - lots of space, off
street parking (most days about 80% available for over 30 cars),
direct link to bus transport, 15 min from CBD by bus and the facility
is really nice -
Was looking at some of the EHR (Electronic Health Record) world a
while ago.
I think i read correctly somewhere that the UK (NHS) spent 12billion
euro on their National Electronic Health Record (NEHR) project.
A few days ago i read that Australia is going to try and hook all the
hospitals up
Unless there is enough cash on offer that after a year in this job you
don't have to work again, or if they want to let you go you get a
golden handshake large enough that people would have thought you
worked on the board of a large company beginning with the letter T,
then don't just walk away,
When we start talking about visa's etc it opens up a huge bag of
worms. Are we after just coders ? or Entrepreneurs (E's for short)?
I think we are after Entrepreneurs( are we or is it just coders?). So
if we are trying to attract E's then lets look at why would they
come ? Do we have a
A few other things to keep in mind when paying yourself (this is easy
to miss in doing any budget) - 9% goes to super. This applies on both
payg and director fee's. Its an easy one to forget. Not sure if
super can be calmed as an RD expense. (?)
Also, consider this - if you are consulting say
Peter,
First work out a budget ? ie. how much are you going to spend of your
income that year ? Are you paying just yourself or other staff ? etc.
Also, this is a great time to look at how your personal finances are
concerned ? will you be having other income (ie. still working)
during this
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