As a resident and commnications director/volunteer for a couple of campaigns, I've learned a Republican in Vermont is almost always like a Democrat in any other state.
We were edging on profitability before making this decision, but were operating at a loss (only overhead was rackspace cloud hosting.)
We want it, but frankly the financial cost of running the site is eating too much into our personal finances. We are both young, couple years out of college, student loan debt. I left my full time job in Sept last year to focus on this full time and I am almost completely drained of all money by now. That's why we made the decision to begin the sale process.
IMO you may be better off framing your previous experience as product management consultation, or just give yourself a product management title at the names of your products/companies, and include revenue/sales figures. In my experience, the "founder" sorts of titles can be a turn off to employers as it might indicate you have high expectations of control or other things that could hinder your organizational conformance if hired.
I once worked with a newly-hired PM who had recently seen a handsome exit from a company he cofounded. By any measure on paper, a very credible and qualified candidate. The development process instituted in our enterprise was a little too rigid for his hardened startup mentality and 2 weeks later, he was let go. Beyond amending your resume with a higher focus on product management, it's important that companies see you as a good fit from process and cultural standpoints.
You may want to explore filing a UDRP complaint with ICANN. You don't need a lawyer necessarily. However, it does cost ~$1300 to file a complaint for 1 domain for a 1 person dispute panel (you can get up to 5 people on a panel.) End-to-end timeline from when you submit the complaint to when you get a judgment is about 30 days (can be up to 60, though.)
As already pointed out here, you do need a strong case and a existing trademark. In our case, we were looking to obtain rights to top-level .COM domain that was an acronym of our current site's fullname URL--the acronym was favorable for obvious reasons and we/our users had used the acronym extensively to reference our site.
You basically have to prove all three of these things:
(i) The domain name is identical or confusingly similar to a trademark or service mark in which the complainant has rights; and
(ii) The owner(s) have no rights or legitimate interests in respect of the domain name; and
(iii) The domain name has been registered and is being used in bad faith. (source: ICANN)
If you haven't gotten a response from the owner based on the WHOIS info, you can file a different type of ICANN complaint (free to file this one) that should force the registrar to contact the owner, who will update the WHOIS information. We had gone through this while trying to buy the domain from the squatter and not getting a response. We think he just updated WHOIS info with fictitious contact information again.
If you're set on foreign markets, and have enough local expertise, it seems like you guys may have better chances of commercial success by partnering with existing telco's or established firms in your target countries. They probably don't have the in-house technical capability to stay competitive with market behemoths like Google and are looking for cost-effective ways to get their feet into a new area. (you were vague about what your product actually is so it's hard to know if any of this is true.)
I'm saying this based on a few assumptions about your business...
1. There's a cultural disconnect between you and your customers and there are various barriers to import
2. You have no idea how to price this
3. There is political/legislative concerns (working in telecom myself, I know there are plenty of legal barriers)
4. You need the local skills, resources, and distribution of existing firms.
It seems bank information here is scant. I had actually made an "Ask HN" post and only got 1 response :(
I'm in a similar situation...team is remote, I'm in NY and we're INC'd in DE. We're actually using HSBC Small Business for banking now. Go into your local branch and they can tell you what you need. From my experience, we had to submit: Application for Authority showing my ability to do business on behalf of our legal entity, DBA filed in New York, opening deposit, and proof/cert of incorporation.
Instead of trying to piggyback on to something that's just a new industry, see if you can find something that is a new niche within an industry you're already familiar with or are interested in working in.
I'd also recommend against freelancing as a first step towards starting a company. Finding freelance work in itself can be a huge distraction towards your end goal of creating a product--not to mention the actual work, dealing with clients, etc.
Think about problems you or maybe your employers have faced in the past and how a product might've solved that problem or at least facilitated its resolution.
From there, do some googling, find some market research studies, talk to people in the industry you want to break in to.
Unfortunately it can be hard to track down credible information among the millions of "expert" blogs that populate most search results. The best source of market data I've found to date is actually my old college's library. Now that my student account is long since decommissioned, they do offer paid access to info databases for alumni at a reduced rate.
I searched for "juice" and got one related result (juicer) and the rest were Leatherman-type of tools that have a brand name of "juice."
The results should be better. Or, if they can't be, there should be some sort of incentive for me to purchase from this site. Do I get a discount? Free shipping? If I already know what I'm looking for, why do I need to use BongoBing?
Typically they go back into the equity pool of the company as a whole. Whether or not you get to keep your board seat is dependent on how the corporation and your employment agreements are structured. There is no one-size-fits-all answer to these questions, the solutions are unique to each situation.
Some tips from my personal experiences marketing different startups as well as a stint in PR:
- Tell a story!! Whether this is your own personal journey with the company or a unique story surrounding a customer problem that you solve makes no difference.
- Press release distribution services aren't worth your time
- Develop a media list of primary, secondary, and tertiary priority media outlets you'd want to be covered on - research the appropriate writer, their old stories (look for trends, writing style, etc.), and get their contact information--definitely their email, ideally their direct phone number as well
- Be persistent, but not annoying
- Don't be afraid to follow up or ask if another writer may be a better fit/more interested
- If you're sending out cold emails, go straight to the point, don't attach large files or unnecessary materials
- Don't discount local media outlets
- Don't discount smaller, more niche media outlets--big time reporters at publications like the WSJ and NYT monitor smaller time publications for trends and interesting stories
- My personal opinion about TC: Not worth the time unless you have a REALLY unique pitch or story. Focus your efforts on more attainable, niche outlets whose readers match your target demographic
- Just because you're not an incumbent in your market, doesn't mean that you can't get good press. Being reputable can give you leverage, but it's not necessary.
Think of adjectives that describe your company and what it represents.
Plug those into a translation program. See what the same word is in Chinese, Arabic, Swedish, etc.
Pick a word from whatever language sounds best to you.
Now you have a one-word name that may have been taken in the English language, but sounds unique and is descriptive (in a sense.) When people ask what it means, you don't need to give an exhaustive explanation of how you arrived at that name. You simple say it means "XXXX" in YYYY language.
Build relationships with mentors by networking like crazy and showing more senior people in your industry that you have passion for what you're doing, a drive to ask questions, and are placing value on their opinion. Ask a lot of questions and form a mentor relationship with those who are most happy to answer them. Mentorships are informal and are more like a professional friendship than the sort of thing you'd be a part of if you volunteered for Boys and Girls Clubs of America.
Reaching out to family friends and acquaintances whom you admire is a good way to start.
The best advice I can give is to go out to local industry networking events and turn to groups like HN to join discussions and engage other people. By doing this you're more likely to find someone who is truly like-minded and knowledgeable about the same space you're looking to get into. You're also more likely to find a technical co-founder, which undoubtedly expedites product development because you come from a business background.
It's definitely a burgeoning industry, but you really do need a decent amount of certification to be taken seriously. I used to work in clean energy and it is becoming somewhat of a crowded field, especially for residential solar. You'd be setting yourself up for some strong future business, but right now the costs of solar installation for homeowners is quite high, especially considering the federal tax credit for solar systems is about to expire. There might be some more incentives that will drive increased use under the next president, but there likely won't be much within the next half-year.
Not sure how things are where you live, but the geographic market I was working in saw mostly retrofits and very little integration with new construction. As the cost of producing solar panels continues to decrease, you'll be strengthening your position, but until that happens you likely won't be making very much money.
Another thing to consider is the proliferation of larger solar companies that operate on a franchise model and include service and maintenance into the cost of the system.
If you're very passionate about clean energy and have the time to dedicate over the next 5-10 years, I say go for it, otherwise you won't see very strong returns. Just my 2c...
Pros: Lots of things that are brand new, solid CS and engineering departments, academically diverse campus, strong industry partnerships, growing entrepreneurial community, co-op work graduation requirement for most majors.
Usually check my email in the morning, then visit HN main page and browse through stuff while I consume my morning coffee. I'll check out the New section periodically throughout the day. Usually don't vote on any comments unless I said "word" aloud to myself after reading them.