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It would not be a big stretch to image a well run service business like this making 15-25% net profit margins. You own the IP you create. My advice wasn’t to shut down all product / IP initiatives but rather to be clear on their purpose and how to monetize them. That is $12 million in profits over 3 years.
If you spent the 3 years perfecting some hugely differentiated technology IP that may also be different. Gross Profit (also called Gross Margin or sometimes “Net Revenue”). And assuming they both had the same net profit margins (profit / revenue) then the former company would be much better off at the end of the year.
To interconnect these computers we needed IP-based telecommunications equipment build by the likes of Cisco Systems and Juniper Networks. The problem that I’ve seen historically in cities like Los Angeles, San Diego or Seattle is that their historic high-net-worth individuals didn’t come from the tech startup world.
It seems that every week, a new, Voice-over-IP provider firm surfaces in the market, either providing PBX services, voicemail, or other similar services. What is your VoIP service all about, and how is this different from what seems to be lots of Voice over IP service providers? Cliff Rees: We're a software as a solutions company.
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? Partners in VC funds only wanted to fund entrepreneurs who had a certain percentage of their net worth tied up in their venture. Not my problem.
Selling at smaller retailers will net you fewer customers and higher margins. Give access to music that is legal, avoiding lawsuits and ensuring revenue isn’t captured by other IP owners. Offer tools to allow content producers to build their own websites & mobile apps.
This is only an educated hypothesis but I’ll bet it’s pretty close to grounded in reality: Everybody saw “The Social Network” and everybody has a belief that suing will net them millions whether they’re in the right or the wrong. When it involves real or perceived large sums of money, friends sue.
I didn’t mean to be so insulting and I didn’t mean for the net to be cast so wide that many people wondered whether I was talking about them when I was speaking of “job hoppers.&# I learned a lot from reading the comments. They seed funded my second company and even let me buy some IP in exchange for debt to get started.
Longer-term, enhanced product value begets superior company valuation through your organization’s intellectual property (IP) portfolio. Net result and reward. Successful innovation turns ideas into money, to enhance customer value, and thus shareholder value. Accountability. Reward your people.
Longer-term, enhanced product value begets superior company valuation through your organization’s intellectual property (IP) portfolio. Net result and reward. Successful innovation turns ideas into money, to enhance customer value, and thus shareholder value. Accountability. Reward your people.
What AdventureLink allows us to do is cast a very wide net, to build distribution partners and tap into mainstream travel. Their idea was to catch enough consumers to scale, but they didn't understand the cost of acquisition, of finding customers, marketing, and advertising.
Everyone knows what it means to have a “dot-com”, and most people have heard of a “dot-net” and a “dot-org.” “Many of our clients need help understanding the mechanics of trademarks on the Internet,” said Dr. George Edwards , a software and Internet IP consultant with Quandary Peak Research.
Longer-term, enhanced product value begets superior company valuation through your organization’s intellectual property (IP) portfolio. Net result and reward. Successful innovation turns ideas into money, to enhance customer value, and thus shareholder value. Accountability. Reward your people.
Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.
Most corporate attorneys can give you general guidance with respect to securing your Intellectual Property (IP) rights, especially with respect to trademarks, copyrights and other non-patent-related items. You do not want your IP lawyer to learn the prior art associated with your technology on your dime. Your Lawyer is not a Doberman….
some fun, big tech issues like privacy, net neutrality, location-based services and real-time data. Net neutrality (1:09:00). TCP/IP (Transmission Control Protocol/Internet Protocol) : network transfer protocol, basically it defines requirements for network communications. lessons learned from his days as an entrepreneur.
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