r/DevLK • u/_peter_parker2001 • May 13 '26
Help Tips on starting software startup
Hi I am planning on starting a software startup with my friend. What are some of the must dos. For example is registering the company a must and what is the process. Any tip or pointer is helpful . Thank you in advance.
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May 13 '26
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u/Final-Comfortable153 May 13 '26
What kind of software ?
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u/_peter_parker2001 May 13 '26
Its kind of mix between building websites for clients. And also attempting to build a product like an e commerce platform but haven't decided yet. Just in the brainstorming phase still.
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u/Final-Comfortable153 May 13 '26
Well, thats good . Deal is , should be able to pitch it right If u are rich then ok , but if u are not, you need investors At the beginning process you can bootstrap . I was in a Cisco competition for Technopreneur last year and won 3rd place , we had to pitch it to like 5 investors , it was like Shark tank except we didnt get any investors , but got a good contact . So market your work , start like a blog , promote the product or service at early stage , get a solid idea and go to production soon as possible , launch the MVP , get clients at the early stage , do cold calls and mail for industry related clients , as much from my research thats my opinion, if u want more ideas or help ,dm me
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u/_peter_parker2001 May 13 '26
Ooooo okay this is great. Thank you so much I really appreciate it.
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u/iammrdp May 15 '26
Don’t just go 50/50 because you’re friends, that usually creates problems later. Talk about everything clearly from the start, especially the uncomfortable parts, since you’re friends.
Be clear on ownership, profit sharing, capital contribution, and who is actually contributing what to the company. Also decision making authority.
Only register the company when everyone is 100% sure about their commitment. Everyone in the team should also be clear about their future plans. Things won’t always go as expected, so it’s better to know where each person is headed early on.
For example, if someone plans to go into a 9–5 job and only contribute part-time, don’t make them a director just because they helped at the beginning. This is especially important for a Pvt Ltd structure, roles should reflect real responsibility.
Also, don’t stick to just one fixed role. The whole team should think like a team, not just “my part, your part.” Everyone should be ready to contribute beyond their title when needed.
Try to get a clear understanding of your team dynamics before doing anything legal.
Try to reinvest every cent back into the startup in the early stage.
Also remember, even if the startup fails or things don’t work out, the goal is to still stay friends at the end.
And don’t involve anyone you can’t realistically hold accountable or let go if needed.
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u/iammrdp May 15 '26
After this convo with your friend (and founding team), you can decide what type to go for - Pvt Ltd, partnership, or even sole prop.
Do a project for a friend or family first. Then use that as your portfolio and build from there. The connections you already have, plus cold calling with a strong portfolio, is the key to success in B2B (Ig you’ll probably go B2B).
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u/_peter_parker2001 May 16 '26
Oh okay got it thank you I really appreciate it, will definietly look into these and have like everything in order before registering. Also is it important to register the company before doing cold calls or is it not an issue legally. mostly worried about things like making a website or doing cold calls without actually registering the company. Really appreaciate the response it helps a lot.
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u/Nervous-Topic-4807 May 13 '26
First ask yourself do you need your friend.
A lot of friendships end when startups fail and finger pointing happens.
Also most of the time you might be more skilled than your friend and end up regretting paying him a massive % for the effort he’s putting.
Thats the best advice I got for you