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” It’s the most common refrain I hear from investors and even entrepreneurs these days. ” in 2014 the data seems pretty conclusive because LA has now become the fastest growing tech startup region by numbers of companies being started and those of us here have noticed this pace accelerating. acquired Overture for $1.63
Last week a company we enthusiastically backed, uBeam , led by a very special entrepreneur, 25-year-old Meredith Perry , announced a $10 million round of financing. Here I make the case that entrepreneurs must stay focused on the prize, not the doubters. Entrepreneurs. ” **. It can be one of the strongest motivators.
In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind? Martin Zwilling First published on Entrepreneur.com on 9/19/2014.
Company co-founder Jonathan Zweig has already had one hit as a Los Angeles-based entrepreneur. Zweig was one of the architects behind the success of AdColony, a startup which sold to Opera Software in 2014 for $350 million.
As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. Some entrepreneurs love to talk and produce videos, but hate to write anything down. Registered patents and other intellectual property.
In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. Martin Zwilling First published on Entrepreneur.com on 7/21/2014. business disruptive technology entrepreneur innovation startup'
In fact, I often have to tell aspiring entrepreneurs that their inventions have zero value, at least not until they are put in the context of a business plan, with qualified people committed to executing the plan. A long-term advantage usually also requires intellectual property, such as a patent, trade secret or trademark.
It’s the nature of most entrepreneurs, honestly. Another thing entrepreneurs f**k up? Most entrepreneurs would like to stick their heads in the sand or would rather hear fingernails on chalkboards (there still are chalkboards, aren’t there?) Who is leading your patent filing program? Timing of cash payments.
Most entrepreneurs spend far too much time thinking negatively about competitors, and can’t resist making derogatory statements about them to their own team, investors and even to customers. As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition.
Key to required patents or trade secrets. In many cases, one of the co-founders may bring some work in progress that can be patented, trademarked or copyrighted. Every previous experience filing and winning a patent is a rare and valuable asset. Martin Zwilling First published on Entrepreneur.com on 7/28/2014.
Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand. Entrepreneurs who make this case effectively will get the decision they want, no matter how esoteric their technology.
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. They tell these entrepreneurs to sell themselves, execute well, and grow organically.
Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. Thus I often recommend that entrepreneurs keep their day job until the startup is producing revenue. But the entrepreneur lifestyle is still more fun, even part-time.
Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cashflow personally every day. Martin Zwilling First published on Entrepreneur.com on 9/26/2014.
Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. Moore, “ Crossing the Chasm ,” but most entrepreneurs don’t realize how much it relates to them. Marty Zwilling First published on Entrepreneur.com on 11/14/2014.
Marcus Filipovich: Our other founder, Ron Waldorf, is a serial entrepreneur, primarily in the medical business. However, in 2014, it was time to restart that effort. In addition to the patents we have now on DAX in law enforcement, we also have two patents for a fully automated systems, which allows us to move into workplace safety.
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