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ConTraps Part III – Contract Traps Entrepreneurs Should Avoid At All Costs

InfoChachkie

Agree to Bundling Without a Minimum Price. Although necessary, “stepping stone” approach of initially utilizing smaller VARs to enter new geographic markets can become problematic as your business grows, because large VARs often demand uncontested, broad, multi-country coverage. Forgo Change of Control or Agree to a ROFO or ROFR.

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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

You own the IP you create. Services for services sake - The type of business that is generally shunned in Silicon Valley is the “pure services&# business like consulting, system integration, value-added resellers (VARs), customer support businesses, outsourcing companies, etc. One big challenge is how to grow the company.

Services 332
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Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

Fallacy: AdVentures tend to evolve once you begin speaking with pesky customers and demanding partners. Thus, follow the guidelines outlined in IP – Worthless To A Startup and only spend significant time and effort protecting your intellectual property when it is clear what you are trying to protect. 8 ) Grant Exclusivity.

Startup 242