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Intellectual Property – Worthless To A Startup, Priceless To A Big Dumb Company

InfoChachkie

Intellectual Property (IP) is an ugly thing at a startup. However, to a Big Dumb Company (BDC), a startup’s IP is a thing of beauty. How can IP be worthless to a startup yet very worthwhile to a BDC? Because IP has intrinsic value, but only in the right hands. Yet, it does nothing to help you execute your business model.

IP 256
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How To Write An Effective Answer On Quora: Communications 101

InfoChachkie

I write a bit more about how entrepreneurs can protect their ideas here: Spilling The Beans. Listing a variety of bread-and-butter IP protection tactics would not have been as compelling. When writing anything that you want people to effortlessly internalize, use simple words and avoid industry jargon. Copyright © 2007-11 by J.

Writing 150
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What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

I became a VC 12 years ago in 2007 when the pace of deals was much slower. We not only have our Series A funds that can write $500k?—?$15 If you invest early and then pull back in the next 3 rounds your multiples on cash invested are much higher than if you keep writing checks. Defensible IP becomes insanely valuable?—?particularly

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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

But when I’m looking to write my check I need to look in the eyes of the captain — the maestro who brings the whole orchestra together. If this idea was so big then why would they risk not being first to market, not building defensible IP for the sake of a few hundred thousand dollars extra in lock-up money at a big company?

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Interview with Steve Jillings, TeleSign

socalTECH

Steve Jillings has a long track record of running successful startups in Southern California, ranging from such companies as FrontBridge Technologies (sold to Microsoft in 2005 for over $200M) and Vantage Media (acquired in 2007). In 2011, we had two of our patents approved. One was for our PhoneID product, which is extremely important to us.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. So money spent should add equity value or create IP that eventually will. (it is also the title of a fabulous book from Internet 1.0

Startup 383
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Roping in the Legal Eagles

InfoChachkie

Just as you would not ask your family physician to perform a coronary bypass, do not ask your corporate lawyer to help you write your patent application. The money you pay your IP lawyer should be judiciously spent, but you should not attempt to save money by working with someone without the appropriate experience in your technical domain.