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  • Users: kshy
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  1. K

    different ways to raise money for an app?

    That would be a great idea actually. Would you be able to know where I could find out more info about the events? It would be better to be able to talk to the developer face to face rather than over the internet. And thanks for the help up to now, really appreciate it.
  2. K

    different ways to raise money for an app?

    I know the struggle with hiring someone overseas. I had work done for a previous unrelated project and hired someone in India. Communicating was very difficult, timing and also their lack of English made it even more of a struggle. Although it is cheaper, I would not want to go through that...
  3. K

    different ways to raise money for an app?

    I don't have a business plan yet because my partner and I weren't sure in the beginning that we were going to need investors. I am located in NYC. Thanks for letting me know, but that's something I'll have to discuss with my partner only because we're so early in the stages we want to see if we...
  4. K

    different ways to raise money for an app?

    The lean startup is where I learned about the MVP. And yea, once we heard the price that's why we backed out of it. We do want to release as simple a version as possible but we want to know the possible options available for doing so. Are you outsourcing as in getting a developer to create an...
  5. K

    different ways to raise money for an app?

    We don't know how much equity he would've wanted because we never followed up on the lawyer path that he recommended. You're right, we don't want to give up a stake this early. But to raise the 100k by just saving up is going to take us a very long time. We just want to put out a very minimal...
  6. K

    different ways to raise money for an app?

    to raise estimate 75-100k. We can put up close to 20%. As for time, how much time do we have or are willing to commit? as for a deadline we don't have one, but we also don't want to just sit and take it at a slow pace. We're willing to commit full time to it.
  7. K

    different ways to raise money for an app?

    what about giving a certain percentage of equity to the developer if you can't afford to pay him at the time he's working? but then if something goes wrong and you want to part ways later on, is that still possible even if he has a certain equity stake?
  8. K

    different ways to raise money for an app?

    It's the hiring part that's the problem. We don't have anywhere near the amount of money a front and back end developer would cost.
  9. K

    different ways to raise money for an app?

    I've done quite a bit of research, but was hoping on getting feedback from actual people that are familiar with the process. So my buddy and I want to launch a mobile app, the concept is not new there are apps with the same idea out there, but we just added our twist to it so it could tap into a...
  10. K

    Still haven't learned this in school?

    It was vague because i dont have any specifics in mind. I was thinking in terms of, hypothetically, I have a service in mind to deliver some sort of edible goods to consumers, they buy it and that becomes my profit. I was just curious if i would need some sort of business entity to put this...
  11. K

    Still haven't learned this in school?

    I'm trying to get some insight on some of the things I still have yet to learn in school, I do mean college. Let's say you start providing a service to customers, or selling a product, and start charging fees and collecting profit. When would you start filing taxes for that separate income...
  12. K

    Is creating an LLC worth it?

    That was a good thread to read, and it does seem to be a recurring theme that people warn about when working with a partner/partners. although this one idea for this one product is with a partner, mainly because it was his idea. the thing im realizing is it's hard to develop a team to work on a...
  13. K

    Is creating an LLC worth it?

    i have heard number one a lot and a lot of thinking has been going into that. Though the idea is his to begin with, i would like this to be more of a way of just learning the ins and outs of how an llc works and how to be able to manufacture and sell a product, and even the ups and downs of...
  14. K

    Is creating an LLC worth it?

    yea i was reading through the filings i would have to do for the llc, still going to do more actually. but i was looking more so towards just the advantages and disadvantages when first starting out. would an llc be necessary when first trying to sell a product, or is it sort of unnecessary and...
  15. K

    Is creating an LLC worth it?

    in New York
  16. K

    Is creating an LLC worth it?

    Thanks for the insight. I'll definitely need to look more into it, but the feedbacks been helpful.
  17. K

    Is creating an LLC worth it?

    For the patent, as i am still reading up and learning on how it all works. It is in the US, and when we looked at the patent under Legal Status, it says Expired - Fee Related, not sure what that implies. the design i had in mind is different, so would it still have anything to do with the...
  18. K

    Is creating an LLC worth it?

    Yes, that's what we were thinking. Once we get the product developed (not an overall expensive product) we want to give out a sample of them to a couple of people we have in mind and get their feedback before getting it produced in large quantities. the next thing we're caught up in is the...
  19. K

    Is creating an LLC worth it?

    Recently a friend and i decided to try and see if we can sell a new product we had in mind. We ended up finding the patent was already on file, but expired. We are looking to renew it, file for an llc and sell the product through the company name. Our knowledge is very limited, this being the...

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