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  1. TheProcess

    How to part ways with a cofounder?

    PEOPLE 
    Hello everyone! I wanted to ask something. I ended up having a talk with my cofounder and we both agreed that it isn't working out. What do you think is the best way to move forward. I own 80 percent right now and he owns 20 percent, even though it's not in writing. We haven't made our first...
  2. TheProcess

    Need advice for crucial decisions I need to make for my online business!

    Alright thanks for the advice! I do have some questions about equity however. My cofounder and I decided it would be best to part ways. He suggested the following 3 options: 1) I buy him out. He thinks we're worth 24 thousand dollars right now. This doesn't make sense to me. Maybe I agree to...
  3. TheProcess

    Need advice for crucial decisions I need to make for my online business!

    You make some really good points. Thank you.
  4. TheProcess

    Need advice for crucial decisions I need to make for my online business!

    I think the main thing right now is creating an MVP - minimal viable product, which will the a website. We also need to focus on marketing (getting users and creating buzz), and creating an app if the website is successful. Funding can be useful for that. I think a tech cofounder can be...
  5. TheProcess

    Need advice for crucial decisions I need to make for my online business!

    I started an online business a few weeks ago. We are trying to build a website, and eventually an app and social platform. I have many important decisions I need to make and I'd love to be able to talk to someone who has experience in this area and could help me out. I live in Canada, for...
  6. TheProcess

    Best place to get hosting for a website?

    MARKETING 
    Ended up going with bluehost. I hope that's fine. It's for a business. More specifically, it is the business. People will be able to post videos, create an account. We hope to eventually turn it into a social platform. Lots of files I suppose. We ended up just going with wordpress for now...
  7. TheProcess

    Best place to get hosting for a website?

    MARKETING 
    Just wondering what is the best place to get hosting at a reasonable fee.
  8. TheProcess

    Legal Question - Someone building our website for free

    I see. Thanks!
  9. TheProcess

    Legal Question - Someone building our website for free

    I'm in Canada. Do you know if the law is the same here? And with what you have said, do you know what exactly he would need to sign so that he doesn't retain any ownership?
  10. TheProcess

    Legal Question - Someone building our website for free

    I started an online business a few weeks ago. The long-term vision of the business is to have it become some sort of a social platform. For now, however, we just want to create a website. An acquaintance/friend of mine has agreed to create the initial website for us for free. My cofounder...
  11. TheProcess

    A Platform for Challenges - My Business

    EXECUTION 
    Hello everyone reading! I created an online business with my cofounder a few weeks ago. So far, we've done some market research, an experiment to test our idea, wrote a 10 page business plan, created a prototype website, applied for funding, and interviewed several potential CTOs. The...
  12. TheProcess

    Next Steps for my Online Business?

    EXECUTION 
    It's a university program. The funding is free. They get no equity or anything in return.
  13. TheProcess

    Group for all young entrepreneurs (25 and below) - mastermind type

    HOT! MINDSET 
    I'm amazed at how many people are taking offence to this idea. Just because he wants to start a group with people around the same age on discord doesn't mean that he doesn't want to keep learning on this forum. How does this even have anything to do with "growing balls"?
  14. TheProcess

    Group for all young entrepreneurs (25 and below) - mastermind type

    HOT! MINDSET 
    Wow 1 million revenue at 16! Keep up the great work man.
  15. TheProcess

    Plan on moving to a start-up favorable country

    I live in Canada I love it. There's a nice entrepreneurial spirit here if you look for it. It should be stated that I'm in the process of started my first business, so I have a lot to learn.
  16. TheProcess

    Group for all young entrepreneurs (25 and below) - mastermind type

    HOT! MINDSET 
    Hey! I'd be down. I'm 20. Discord would work for me.
  17. TheProcess

    Next Steps for my Online Business?

    EXECUTION 
    I created an online business with my cofounder a few weeks ago. I'm 20, he's 21. So far, we've done some market research, an experiment to test our idea, wrote a 10 page business plan, created a prototype website, and applied for funding. We have also had a chance to speak with a lot of people...
  18. TheProcess

    How should I decide on equity and control in my business?

    So he's not going to just be an advisor, but a business partner. I had a talk with him. As for control, I will be control because I have majority of the equity. As for how the company is financed, please see my reply to the other commenter. We applied for funding and we got a decent shot of...
  19. TheProcess

    How should I decide on equity and control in my business?

    So he's not going to be just an advisor but a business partner as well. Someone worth 20 percent.
  20. TheProcess

    How should I decide on equity and control in my business?

    So I actually changed my mind again. But me and my friend had an honest talk. First of all we are acquaintances, rather than friends, and we are okay with the fact that our relationship might deteriorate with this venture. Second, I think he's a great asset. So far we've finished a...

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