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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. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.
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.
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?
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. Don’t count on contracts and non-disclosure agreements to save you.
The press around the raise & company was fantastic and the promise of their technology – wireless charging that works as easily as WiFi – would positively affect many of our lives. uBeam’s tech does work and I have safely seen it demo’d in the real life many times. Working on it. And being ambitious.
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.
We were super excited by their offering – they had patentedtechnology in a field that we believe will continue to grow massively. During the final pre-term sheet duediligence we discovered that the CEO had had a felony arrest for a significant crime that he hadn’t disclosed to us.
Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. Early adopters may be the most vocal, and easy to sign up, but your technology assessment panel must include customers from the early majority, late majority, and even technology laggards.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's high tech community. We asked the same four questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next week.
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition).
Tom O'Toole and Brandon Villery will cover issues on licensing, duediligence, NDA, different types of IP (trade secret, patent, trademark, copyright), etc. They will emphasize IP licensing and IP licensing issues of importance to entrepreneurs. See https://www.123signup.com/event?id=jmphg. 123signup.com/event?id=jmphg.
Clean Technology Council. patents and published over 350 technical papers. Richard reviews how graphene will improve e-vehicle performance and energy storage. Wednesday, September 13, 2017 -- Graphene Super-Capacitors -The Key to Hybrid Electric Vehicles. Keynote from Richard Kaner, Ph.D. He holds 23 U.S.
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. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.
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. Proprietary technology with a high barrier to entry. You need to do the same now.
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.
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. Are any lawsuits and challenges to intellectual property pending? How much and when can I reasonably expect a payback?
Clearly, 2009 was not a good year, from the perspective of the technology innovation ecosystem. Technology and innovation has historically been the thing that has pulled the economy out of recessions, and I think that is especially true right now. For OCTANe to be successful, we want to see our technology ecosystem grow.
Too Techie - Tone down emphasis on the technology underlying your venture; an interested investor will perform techdiligence at the appropriate time. Patents and Trademarks. Buzzkill - Overuse of buzzwords and jargon convey an entrepreneur’s professional immaturity; it can also confuse a 5th grader, so use plain English.
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. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.
We're not talking publicly about that yet, but the idea is to get away from the annual review, away from the quarterly review, and give everyone within and outside a company the ability to recognize people, up and down the chain, for doing great things in the workplace. There's a fairly complex platform we've patented.
Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. Early adopters may be the most vocal, and easy to sign up, but your technology assessment panel must include customers from the early majority, late majority, and even technology laggards.
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.
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.
The $30 billion trade surplus in advanced technology products that America enjoyed just one decade ago has now become a $56 billion deficit. In addition, due to Sarbanes-Oxley and other regulations, accounting costs have gone up an estimated four times for all businesses, and 2008-2009 represented the worst IPO market in forty years.
Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. Early adopters may be the most vocal, and easy to sign up, but your technology assessment panel must include customers from the early majority, late majority, and even technology laggards.
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.
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. duediligence employees investors startup' Are any lawsuits and challenges to intellectual property pending? Marty Zwilling.
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. Crowd Seats came up first to give their two minute breakdown of the company.
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.
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. Every business is global, but patent rules differ around the world.
Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. Allows sufficient time to find capital, including duediligence time for investors. The technology or product may be at an embryonic stage. Values intellectual property.
Krisztina Holly: We are an early stage fund, known for our ability to discovery and cultivate very complex science and technology deals. We just launched a third, $100M fund focused on seed to Series A investments in transformative science and technology companies. We do pre-Seed to Series A deals. That's where we add value.
Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. Early adopters may be the most vocal, and easy to sign up, but your technology assessment panel must include customers from the early majority, late majority, and even technology laggards.
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. If you start by pitching your extended life story, that’s the wrong point.
Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. Allows sufficient time to find capital, including duediligence time for investors. The technology or product may be at an embryonic stage. Values intellectual property.
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.
“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.
BDCs often ask to “private label” or “white label” a smaller company’s technology. This generally involves the BDC selling the startup’s technology under the BDC’s brand. Do not allow your adVenture’s technology to be buried in the bowels of another company’s product, without reasonable attribution. Do Not Give up Branding.
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.
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