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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. Don’t forget to consider customer alternatives, like trains versus airplanes.
Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Leading edge technology software and manufacturing require constant course corrections and iterative restarts. Customer-facing services, like call centers, should rarely be outsourced.
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. Even if you are granted a patent, the scope of your claims may be significantly denuded.
I’ve worked with 30+ early-stage companies in all sorts of capacities (and spoken to many, many more), so I thought it might be worthwhile trying to classify the various ways that I’ve engaged in different technology roles in startups. It depends on the business, people, technologies, etc. Each situation is just a bit different.
Quality of your technical and business teams. Back in the early days of the personal computer, Bill Gates and Microsoft were widely recognized and having the strongest technical culture, as well as a commanding marketing presence. Just be aware that building your customer base first requires deep pockets, or many investors.
Professional investors and advisors, on the other hand, usually refuse to sign these agreements today due to the risk of litigation and administrative workload, and will walk away. Disclosures relative to patents. Potential investors don’t need this data, except perhaps as part of a final duediligence after agreement on terms.
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. Don’t forget to consider customer alternatives, like trains versus airplanes.
Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Is there a real customer willing to give a testimonial? Are any lawsuits and challenges to intellectual property pending?
According to an old Harvard Business Review article, many people in history, famous for their inventions, like Thomas Edison, were entrepreneurs who only later were remembered as inventors of the products they commercialized. Of course it helps to have innovative technologies before you start building a business.
I usually envision a 50-50 ownership split for their efforts, but every engineer believes the technology side deserves the majority share. If you consider yourself a technologist, you probably believe and may be propagating one of the following myths: The first priority for funding should be to develop the technology.
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. Don’t forget to consider customer alternatives, like trains versus airplanes.
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. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies.
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. Don’t forget to consider customer alternatives, like trains versus airplanes.
Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Is there a real customer willing to give a testimonial? duediligence employees investors startup' Marty Zwilling.
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.
Building a strong tech industry to rival that of Silicon Valley is definitely no easy feat, but the overall feeling within Cal Tech’s Baxter Hall at last week’s event certainly bodes well for the year. They also gave a quick tour of the dashboard that clients would be using to customize their now mobile ready sites.
Professional investors and advisors, on the other hand, usually refuse to sign these agreements today due to the risk of litigation and administrative workload, and will walk away. Disclosures relative to patents. Potential investors don’t need this data, except perhaps as part of a final duediligence after agreement on terms.
Professional investors and advisors, on the other hand, usually refuse to sign these agreements today due to the risk of litigation and administrative workload, and will walk away. Disclosures relative to patents. Potential investors don’t need this data, except perhaps as part of a final duediligence after agreement on terms.
According to a Harvard Business Review article, many people in history, famous for their inventions, such as Thomas Edison, were entrepreneurs who only later were remembered as inventors of the products they commercialized. Of course, it helps to have innovative technologies before you start building a business.
Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. The technology or product may be at an embryonic stage.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. Remember you are pitching to investors, not customers.
Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Leading edge technology software and manufacturing require constant course corrections and iterative restarts. Customer-facing services, like call centers, should rarely be outsourced.
Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. The technology or product may be at an embryonic stage.
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. Don’t forget to consider customer alternatives, like trains versus airplanes.
According to an old Harvard Business Review article, many people in history, famous for their inventions, like Thomas Edison, were entrepreneurs who only later were remembered as inventors of the products they commercialized. Of course it helps to have innovative technologies before you start building a business.
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.
Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. The technology or product may be at an embryonic stage.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. business business plan entrepreneur investor technology' Marty Zwilling.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. Remember you are pitching to investors, not customers.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Too much detail at first contact is just as much of a turnoff as no information.
Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Leading edge technology software and manufacturing require constant course corrections and iterative restarts. Customer-facing services, like call centers, should rarely be outsourced. Marty Zwilling.
I see too many executive summaries that are simply heavy-duty customer pitches, or lightweight visions of the future. Skip the fuzzy marketing terms, such as "easier to use," "lower cost" and "disruptive technology." Nice-to-have solutions and customers with no money are not compelling.
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.
Of course, every company needs these, in due time. In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front.
Of course, every company needs these, in due time. In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. Remember you are pitching to investors, not customers.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. Remember you are pitching to investors, not customers.
are eliminated during duediligence. File a patent and trademarks to show real intellectual property. Remember to aim the content of both of these at investors, not customers. Close at least one initial customer. Over half of the survivors remaining are eliminated during live presentations, and another 6.5%
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Too much detail at first contact is just as much of a turnoff as no information.
Of course, every company needs these, in due time. In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Too much detail at first contact is just as much of a turnoff as no information.
Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend. Prepare your marketing story for customers and investors.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. Remember you are pitching to investors, not customers.
PT as they kick off the new weekly tech law show "TechZulu Law" with a discussion with IP attorney Denise Grayson, who portrays the attorney of Eduardo Saverin in the film about the early days of Facebook, "The Social Network.". The show focuses on legal issues surrounding startups, entrepreneurs, venture capitalists and emerging technology.
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