Discover Your Startup: A Clear, Community-Driven Update Template for September 2022
Introduction
The Startups community aims to spotlight ongoing ventures, share progress, and foster local connections. This post provides a structured template for founders to brief the group on their startup and identify how the community can help. By sharing your current status, you can increase visibility, gather feedback, and explore local resources.
What to share in your update
Please post a concise overview in the comment of this submission, covering the following points:
- Startup Name and Website
- Headquarters Location
- Indicate where you’re based to facilitate local networking and resource sharing
- Elevator Pitch or Explainer Video
- Additional Details
- Life Cycle Stage: Identify your current stage using the lifecycle framework below
- Your Role in the Startup
- This Month’s Goals
- How can the r/startups community assist you?
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Important: Do not solicit funds publicly in this post (fundraising solicitations may be restricted or illegal in certain contexts)
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Community Discount
- If applicable, describe any discounts or offers available to r/startup subscribers and how they can access them
Lifecycle Stages for Startups (Max Marmer model used by Startup Genome and the Kauffman Foundation)
– Discovery
– Market and competitor research, initial user experience design, pursuing problem/solution fit (market validation), building a minimum viable product (MVP)
– Validation
– Achieved problem/solution fit, MVP launched, product validation activities, refining user experience based on validation results, advancing product versions (Version 1+), working toward product/market fit
– Efficiency
– Achieved product/market fit, preparing to scale, optimizing user experience and product performance for growth, streamlining operations in anticipation of scale, validating scaling strategies
– Scaling
– Scaling strategies validated, optimized operations, aggressive growth, validating repeatable sales processes at scale
– Profit Maximization
– Business scaled and established, expanding production and operations to increase revenue, systems optimized for profitability
– Renewal
– Near-peak profits and optimization, exploring reinvention of core products, pursuing acquisitions or partnerships, pursuing horizontal and vertical expansion to sustain relevance
Optional note
If your business follows a traditional (non-rapidly scaling) model, you may reference a traditional lifecycle framework and indicate your current stage accordingly.
Join the conversation
For real-time chat, advice, and support, consider joining the community Discord:
– Discord: yjMZU8g
What this post aims to achieve
– Provides a consistent, easy-to-digest format for founders to share essential information
– Encourages local networking and resource sharing
– Promotes collaboration and feedback from fellow founders and supporters
We’re excited to hear about what you’re building and to see how the community can help you reach your monthly goals.
