End to end accounting at your service

Building tryfnx.com As we started reaching out to customers, we recognised the need for automation in Indian SMEs on par with the US. We didn't anticipate the Indian market's significant demand for automation, similar to the US. Exciting and happy about this turnout. Definitely, long way to go 🚀. I think gone are the days where B2B SaaS are for the US market PS: Our startup offers comprehensive accounting support. We provide autonomous accounting agents

A friend and I have identified a niche requirement for finance functions of listed Indian entities. We would need to build a tech platform which allows our clients to create some kind of a public web page, the contents of which would be managed and controlled by our back end. A SaaS / CRM solution. Since we come from core finance backgrounds with primitive tech knowledge, please can you guide on: - Would it be feasible to outsource the development of this software to an outside agency - What kind of employees would be need to hire once the platform is ready - they would need to troubleshoot, build on new features etc. - What would the cost of development be? We are looking to self fund this venture and achieve some scale before seeking funding if required. - Any resources to read up to get better idea of tech? I have zero idea of languages, codes, platforms etc. Thank you :)

Fast learning and fast paced growth aside, after 15 years of MNC experience I joined a startup to get some ESOPs.. and hopefully a good buyback .. I have worked in 2 startups now.Both of these were already Unicorns when I joined . While I love the culture and dynamic pace of a startup i feel my chances of getting a payout are slim... My personal learning is to get a good reward you have to be in top 10 employees for sure ... otherwise it's not worth it .. There is no point joining a Unicorn in middle management...or second in command in any function... Happy to hear your thoughts !

Was looking for automation solutions for my startup, came across an early stage AI startup that had 3-4 meetings with us and showed us screenshots of their product, but delayed product demo and signup. Few days later said they're shutting down because they couldn't raise funds and had no MVP ready to use. But they didn't tell us that earlier, all they said was "we are in early stages, still working on product, need info from you"etc. While their vision seemed good enough, not having an MVP while pitching for clients is weird and a waste of time tbh. No one will know or learn anything unless they try using an actual product, including themselves. And it isn't hard to build one either, i think I have the gist of it and might already be in production by other startups in this space. Decent low hanging fruit in SaaS with good long term potential. Doing things that don't scale doesn't mean you don't put in the required amount of work before approaching clients. Don't want to name them, they probably learned as much by now.

Sharing frustrations with starting up a business. In my career I have raised over $30m over multiple rounds. Co-founders in non-business roles get pushed out by politics. Sharing control with co-founders is messy, inconvenient, time consuming. Money lets you hire people who have to answer to you. If you are not the main ‘Business person’ in a startup high chance you are disposable, no matter what skills you have. And it sucks to spend so much effort only to get bullied out and left with nothing. Some investors will follow you on social media, if your business is not growing QoQ don’t post anything on social media that implies you are not working every weekend. They will ask why you are not working. If you are CEO, be ready for every random person to tell you how to run your business. Not in a ‘friendly advice’ kind of way, if you are the CEO you have a target on your back. Investors don’t know about your industry or have very dated knowledge. Some will just say random tips like ‘try web3’ or ‘try SaaS’ and blame you for following their advice when it fails. Your progress is measured against fraud companies who fake numbers, or the 1 in thousands who succeed. Get made to feel like you are failing to live up to super high expectations constantly. Employees work half your hours, off sick usuall one day a week, deliver next to nothing and expect 20% hikes every year because that’s what their friends make, or they read some dumb startup hires freshers at 20LPA. Smooth talking people with the same idea as you, no traction, never shipped a product in life, will raise a huge seed round due to 'pedigree' and spend it all on self promotion. You will always be compared to these clowns who find ways to lecture others while building nothing of value.