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The practical uses for uBeam technology is limitless. Did anybody hold patents that would prevent us from using this technology? I seldom hire patent attorneys during duediligence but this was too important. We hired IP specialists to review prior art. Did the physics actually work? Was it safe?
So before you decide to move your manufacturing, software development, or call center out of town, make sure you understand the following considerations: Don’t give someone else control of your competitive advantage. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive.
Patents held by startups generally have a limited ability to reduce competition. The average time required to obtain a patent is 36-to-40 months, during which there is no guarantee your adVenture will ultimately receive patent protection. Thus, if a startup team asks, “What is this patent worth to us?”,
In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts , or basic business realities. Intellectual property is required for a competitive edge. Even the best college degree is not a substitute. Neither is good.
Some analysis and duediligence along the following lines should be performed on every idea, as a reality check, before committing your efforts and other people’s money to building a business: Look for places where competitors are few. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.
In the recent surge in interest in the clean technology and energy investment area, we're constantly surprised by the number of startups in the area focused on some aspect of the industry. Let's start on the technology side--can you tell us about the technology, and its origins? It's very simple, from the technical perspective.
For a software startup, a patent can be the intellectual property providing the key competitive advantage, or it can be an expensive non-defensible bureaucratic nightmare -- or both. Some argue to simply eliminate software patents, while others put their hopes in U.S. There is no such thing as a world-wide patent.
The firm recently raised a $15M series C funding, and we caught up with Kevin to learn more about why its customers, and investors, are interested in its technology. We have created a wireless technology and solution, end-to-end, that allows you to cost effectively connect devices that can be very, very remote.
So before you decide to move your manufacturing, software development, or call center out of town, make sure you understand the following considerations: Don’t give someone else control of your competitive advantage. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive.
“Attached is a copy of my full business plan for your review.” The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I I don’t have a business plan, but the technology is disruptive.” Marty Zwilling.
Skip the fuzzy marketing terms, such as "easier to use," "lower cost" and "disruptive technology." " Investors want to buy into an entrepreneur with a startup that can provide evidence of an ability to double customer productivity, at half the cost, with patentedtechnology.
In my role as a Professor of Practice within UC Santa Barbara’s entrepreneurial Technology Management Program (TMP), I have worked with approximately 8,000 students over a ten year period. Note: due to the founders’ relative lack of experience, most student enterprises do not qualify for venture capital.
So before you decide to move your manufacturing, software development, or call center out of town, make sure you understand the following considerations: Dont give someone else control of your competitive advantage. Saving cost wont help you if you cant make the daily innovations required to stay competitive.
“Attached is a copy of my full business plan for your review.” The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I I don’t have a business plan, but the technology is disruptive.”
“Attached is a copy of my full business plan for your review.” The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I I don’t have a business plan, but the technology is disruptive.”
“Attached is a copy of my full business plan for your review.” The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I I don’t have a business plan, but the technology is disruptive.”
are eliminated during duediligence. File a patent and trademarks to show real intellectual property. Having a defensible competitive advantage or “barrier to entry” is another critical step to funding, and another common stumbling block during all phases of the funding process. Define some intellectual property.
Language Weaver is backed by Palisades Ventures, the Tech Coast Angels, and The Athenaeum Fund. We've also had great advances in engaging the trust of the commercial community, with patented advances like automatic scoring of our algorithms, which predicts the quality of translations based on a one-through-five scale.
Too many entrepreneurs look for that one magic bullet -- an exciting new technology, perhaps, or their own determination to make the world a better place -- to override any shortcomings in their startup model. Sustainable competitive advantage. Yet, magic bullets are not sufficient to assure business success.
are eliminated during duediligence. File a patent and trademarks to show real intellectual property. Having a defensible competitive advantage or “barrier to entry” is another critical step to funding, and another common stumbling block during all phases of the funding process. Define some intellectual property.
10 Ways To Be Your Own Boss - A VC : Venture Capital and Technology , June 18, 2010 The folks at Behance and Cool Hunting asked me to talk at their 99% Conference a couple months ago. Just because a product has a patent, deep complexity and an obvious competitive advantage does not mean that it can fly by itself into the market.
We caught up with Mike recently to better understand the company's technology, why there's an interest in energy storage by utilities, and more about that deployment. Can you talk about your technology? We have a lot in common in terms of those air conditioners and even the technology, but our product is different in an important way.
A business needs technical, marketing, financial and many other skills. If your solution and brand are really new and innovative, you need to protect them with a patent, trademark or trade secret. If your solution and brand are really new and innovative, you need to protect them with a patent, trademark or trade secret.
So before you decide to move your manufacturing, software development, or call center out of town, make sure you understand the following considerations: Don’t give someone else control of your competitive advantage. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive.
“Attached is a copy of my full business plan for your review.” The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I I don’t have a business plan, but the technology is disruptive.”
If your strength is technology, find a co-founder who has a comparable strength in business, finance or marketing. A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. Very few individuals have the skills and energy to build a startup alone.
If the market is new and competition is minimal, then the time and costs of educating potential customers probably exceeds your survival time and budget. Every business takes time to scale and penetrate a market due to organizational growth, hiring, training, brand building and customer adoption.
Whether it’s something as extensive as filing patents, more simple trademark registrations, and or putting appropriate documentation in place, don’t ignore this and don’t rely on boilerplate online templates. And relying on NDAs is not the answer.
Too Techie - Tone down emphasis on the technology underlying your venture; an interested investor will perform techdiligence at the appropriate time. Patents and Trademarks. Competition. No VC Fit - Match your venture with appropriate funding source. Distribution and Sales. Management Team.
Yet, despite his exceptional courtroom theatrics, you would be foolhardy to hire good old Johnnie to review your software cross-licensing agreement. Once you draft the straightforward text, sans the legal mumbo-jumbo, ask your lawyer to review the text to ensure your layman descriptions do not result in an unintended interpretation.
A number of teams have recently been looking to turn that vision into reality, as a result of the Qualcomm Tricorder Prize , a $10M competition being run by the X Prize Foundation to create a real life Tricorder. That''s essentially how the Tricoder competition was formed--it''s time for this to happen. Mann implantable device area.
Well … I have had many late nights and I really didn’t contemplate writing many blog postings this month because I spent November in this interesting venture capital / fund raising dance involving lots of late night sessions reviewing legal documents, rewriting business plans and preparing for pitches. Page 3: Competition.
Semiconductor startups seem to be quite rare in today's environment, with few companies being funded or launched, due both to the difficulty of bringing products to market, lack of investment capital, as well as lots of established, large companies in the industry. For starters, let's talk about your technology. Ghz wireless market.
In fact, quite the opposite usually happens, due to complexity and work to switch. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage. Investors like laser focus on a market-need causing real pain. Microsoft is too big/slow to be a threat.” Me, myself, and I.”
In fact, quite the opposite usually happens, due to complexity and work to switch. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage. Investors like laser focus on a market-need causing real pain. Microsoft is too big/slow to be a threat.” Me, myself, and I.”
Another variation on this theme is the person who creates a “solution” from technology, and then makes up a “problem” that it will solve. In fact, quite the opposite usually happens, due to complexity and work to switch. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage.
Another variation on this theme is the person who creates a “solution” from technology, and then makes up a “problem” that it will solve. In fact, quite the opposite usually happens, due to complexity and work to switch. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage.
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