Thread 60829533

Well /biz/ I'll soon finish my robotics PhD (inb4 yuropoor so I have no debt) and I want to start a company, but not a robotics one. I have made a functional prototype of the product I wanted to make.
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The problem is that I'm a yuropoor and I have basically 20k to my name. I'm in Taiwan prospecting for injection molding companies rn (picrel is yesterday Taiwan automation exhibition) and they are expensive AF even for short runs.
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Should I :
>Try to invest my 20k in the company and be the only owner with a risk of losing all my money.
>Find investors that would own shares and make the venture super stressful but at least it's not my money if I lose everything.
Also how do I even find investors ? I'm a turbo nerd and all my contacts are 200 iq research guys living like homeless people.
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Thanks for reading the blog, I'll of course do the opposite of what you say anyway

>>60829533 (OP)
>id : loss
Option 3 : should I kms ?

>>60829533 (OP)
I'd invest $2

>>60829533 (OP)
Depends on the kind of company or industry desu. If you want to do software, just fucking code, try to launch a product solo with as little overhead as possible. If you want to do anything hardware related it will obviously cost more, so you will need investors or else be extremely cheap. If I were you and serious I would eventually try to get investors, the kind of VCs that hang out in the Bay Area and have too much money so they don't care if half the ventures they invest in go nowhere. That takes networking and probably next level dick sucking though desu. I fucked this crazy asian girl once who was an entrepreneur and she told me about all this shit. She was also insane but the pussy was tight af.

>>60829533 (OP)
Okay, but does your product involve robot dinosaurs? If not, then I'm not interested.

It's absolutely fucked up that a PhD in robotics has 20k to his name while my dumb neet ass made hundreds of thousands gambling on shitcoins. Capitalism is a mistake.

>>60829731
It's hardware that's why I talk about injection molding on the post. I don't have any contacts like that man, it's joever for me I guess
>>60829708
I give you 51% for 5
>>60829739
Brother I'm a PhD I only do gay shit here's my project kek
https://youtube.com/shorts/9SUSBypWn3s
>>60829798
I already want to kms brother no need to bait

Its gonna be pretty hard to find investors without a prototype or history, and you risk getting idea stolen of you ask a billion people

Id self fund until prototype or at least patent

>>60829533 (OP)
Lol good luck finding investors in europoor there is no vc culture nor amenable banking
Should have done your phd in a country that mattered or daddy should have been the lodge

There do however exist eu subsidy schemes you can suck cock for but the applicant line is long so same problem should have picked a daddy that was a high ranking eu bureaucrat
You really lived this long in the eu and never figured out its a rigid feudal system

>>60830146
>you risk getting idea stolen
Literally zero people will put in the actual effort to "steal" an idea. You're talking prototyping and going to trade shows, raising capital for production, logistics...
Unless you are talking about patent trolls. In which case they'll do it simply because you're successful. You won't even need to tell them your idea first.

There is too much fanny that awaits you to consider the kys path, follow your dreams isntead and build gigacoom-mecca vibes and you will wagmi

here's a rule for ya op: dont use your own money unless you absolutely have to. borrow, lend, steal, do whatever

>>60830101
>https://youtube.com/shorts/9SUSBypWn3s
why the fuck are you doxxing yourself moron, remove this post

>>60830256
is bad advise.

OP if you are not part of the tribe then you dont get to follow their practices of saucing money, ie., if you are not willing to lost it all by investing in yourself then nobody else will be either.

>>60830259
Just leave a like man it's not like I said some crazy stuff itt anyway, literally nobody cares
>>60830202
I'm talking about contacting a mold company and then they just use the mold after you finished the production run, it's extremely common and that's why Taiwan and not China. But true if I need to worry about this I already made it

>>60830332
So that video actually is your project, so what is the addressable market you are planning to sell into?
Who wants to buy a humanoid robot that can drive a trike and how do you plan to reach this audience
Remember this part of the businessplan is more important than the technical details

>>60830348
It's my PhD project but as said in the OP that's absolutely not what I want to produce and I believe most robotics companies are just surfing the bubble rn. This project is just a tool to develop new algorithms and stuff, it's not about selling anything. The thing I wanna do is not related to robotics

>>60830348
>tfw you spend 3 years coding a robot to drive a scooter and someone thinks it's a trike
Come on the little wheels on the side aren't touching the ground they are a safety feature

>>60830332
nobody sane cares but there are plenty of insane retards here. but fair enough. i hope you find success. I think the risk you take should be proportional to how good or innovative the product is... how likely are you to sell all of it?

you can't get rid of stock by undercutting others because the thing you intend to sell doesn't exist yet.

your idea sounds like something you might see on kickstarter. Embodme is, I believe, a french company who try to sell midi instruments funded via kickstarter.

btw OP I'm investing in rockwell automation what else should I invest in? and synopsis

>>60830359
I see, well i assumed from the pictures you posted it was related, but then your phd isn't even a selling point to investors as technical knowhow
Regardless have you created a business plan yet and addressed how you will monetize your project

>>60830367
Ok very interesting about the company you just pointed out my ideas are about the same size and complexity for the plastic molds and circuits. The good thing is I can design everything myself, 3D, PCB and code, but I'm illiterate when it comes to finding money. I've never considered Kickstarter actually, but it seems like I need to run a pr campaign for it to work

>>60830363
I was watching this on mobile so no I didn't catch that part
Anyways let this be a good lesson on investor relations, never assume the other side has your understanding of the matter and always present your stuff in the most clear idiot proof version you can make it
Politely and professionally dealing with stupid questions is also part of the deal

>>60830373
Well the PhD allows me to design everything myself cutting a lot of cost. And I guess it's a title that makes people think you are smart. I do have a business plan yes. But how to know if things will be like on the plan. For now I'm done with the prototype and I'm contacting molding companies while I'm working on the pre-production model. But it's basically impossible to predict the sales so I want to do a small test run of 100 first and then see. I also need to patent it and pass all the electronic tests to have the famous EU logo

>>60830369
Nvidia.
Basically all the new companies that are pumping out humanoid robots are training in Nvidia simulators that only run on Nvidia GPUs. So go to the source of the money. I'm less of an industrial robotics guy, if you want to bet on humanoids (I won't) probably bet on Hyundai since they own BD
>>60830384
Yeah true, but I won't talk like that to anyone irl of course

>>60830378
yes i guessed your situation is the same

you have a product, there is hidden demand (i assume), you just need eyes on it (so, marketing) + funding for some production runs

if you have a clear picture of the production costs, you can set your price and gauge demand. I assume your product is niche and targets DIY or tinkerer crowd, first world men aged 25-60, you can try to pitch it in related forums or plebbits etc

>>60830385
Well of course a lot of it is bullshit but you should at least have a good grasp of how big the market you are cutting into is and how big a slice you are expecting to take plus how big your margins are gonna be
If its b2b that'll be harder to guage but if its retail facing you totally can do a demand test via setting up a fake webshop that always returns to we are out of stock at the last point of the sales funnel but of course setting up your ad campaign will cost you a bit

Well are you aiming to sell to retail? Thats the easier option to hawk anyways

>>60830404
The market is small but it definitely exists, it's a pet product with the complexity and potential buyers that I would estimate to be kinda like an automated cat litter box selling for cheaper around 150USD, the production is estimated at 70USD for now (it's high because it's a small run). I've never thought about the fake shop stuff that's pretty smart man thanks for that
>>60830401
I think my product is targeted at Instagram moms and Stacy that will buy random stuff for their animals

This thread was much more helpful than I could've imagined thanks guys

>>60829739
Mecha Break already does that.

>>60830528
Those are actually great numbers anon, your addressable market us basically every pet owner under 50 that has facebook/insta, thats a huge market so you'll only need to capture a tiny sliver to be profitable
Your expected sales price is also low enough for it to sell, for the business side you will have to deal with conventional e-commerce practices but the good news is you can find countless manuals on this topic
Unfortunately not on here as the jannies will delete any and all attempt at a real life business
Also your investment costs shouldnt be too great, nothing you couldnt scrape together from friends and family
Good luck anon

From your op i was thinking you were going to build some industrial tier bot in the 6 fig range that required actual vc tier funds but it isnt

>>60830536
Unfortunately as per your own op you must now do the opposit of everything you heard

>>60830695
Yeah the OP pic is stupid my bad. Actually the molding process is the most expensive part. The PCB production is stupidly cheap and the assembly I will just do it myself for the first batch. And god forbid you even try to not do the molding part in Asia. There's a 300 to 500% price difference between Europe Vs Asia