article thumbnail

Technical Entrepreneurs Often Fail By Early Adopters

Startup Professionals Musings

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.

article thumbnail

The Case for Optimism and Risk at Startups

Both Sides of the Table

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Entrepreneurs Need To Reality Check Their Ideas

Startup Professionals Musings

Some analysis and due diligence 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.

Ideas 106
article thumbnail

How Much Should You Get For Your Invention Idea?

Startup Professionals Musings

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.

Ideas 106
article thumbnail

Interview with Marcus Filipovich, Ocular Data Systems

socalTECH

For the first time, in a long time, traffic deaths and crashes are rising, due to drunk and drugged driving. How did the company and its technology come about? However, in 2014, it was time to restart that effort. They set aside what they were working on, and started working on bringing this technology to law enforcement.