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Ask HN: 10% WoW growth. Moving to the US. Who should we call?

by flibble on 12/12/16, 11:16 AM with 12 comments

We're based in Ireland and provide a 'white label' / custom branded online ordering system for restaurants.

Our growth rate has been around 10% week on week recently. Here is a graph showing weekly food sales and revenue in more detail: http://www.getflipdish.com/flipdish-images/sales-201612.jpg

We plan to raise a further round of funding and relocate to the US in 2017.

We would like feedback on which investors and VCs would be a good match for us, when we're doing about €60k - €100k/mth revenue. We're at €12k/mth now.

We will probably be too small at that point to talk to a lot of the big name VCs that we hear about over here, but aren't familiar with investors who seek to work with companies at this stage.

Any advice from our US HNers would be very welcome!

conor@getflipdish.com

  • by zer00eyz on 12/12/16, 6:08 PM

    Why the hell are you moving to the US?

    Are you looking for capital? You can get that in Europe. Are you looking for a larger market? You should be looking in Europe.

    By moving to the US your going to create an amazingly complex tax and business situation that will just make things harder for you not easier. Hell most US companies want to MOVE some or part of their operations TO Europe for tax reasons.

    After you capture DE, FR, the whole of the UK, AUS, and ZA then think about the US and think about going to Canada first.

  • by ronankenny on 12/12/16, 2:47 PM

    The Digital Irish events are a great way to pitch your business ideas to Irish-American investors in New York. Check out http://digital.irish - Good Luck!

  • by eb0la on 12/12/16, 4:50 PM

    Use that cash in hand to develop the product for the Germany/Austria region.

    Same currency, (almost) same timezone, same taxes, and a 85 Million people market; plus you can also make a dent in the Swiss market later.

    For the US market, you won't have language problems; buy will havo to localize for (local) sales taxes, etc.

  • by brudgers on 12/12/16, 2:08 PM

    I'd recommend an immigration lawyer to make sure that moving to the US is a practical option for your business.

    Good luck.

  • by bsvalley on 12/12/16, 4:45 PM

    Beside the number of restaurants, did you guys look at the competition in the US? What would make you guys successful here? Who are the big players in that space in the US? Seems like a lot of companies have already covered that space.

  • by sharemywin on 12/12/16, 2:34 PM

    why wouldn't you stay where your at and saturate your initial market. Seems like a lot of trouble to start practically from scratch.