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This approach, popularly known as “glocalization,” means you have to design and deliver global solutions that have total relevance to every local market in which you operate. Remember when the Chevy Nova required a rename, once Chevrolet realized that Nova meant "no go" in the Spanish market (not a great name for a car).
First of all, I will admit that there is some risk involved with talking to any potential investors, even with an agreement, just as there is risk in all the elements of your plan, product and market opportunity. Disclosures relative to patents. Product details in the public domain can never be patented. Sharing trade secrets.
This approach, popularly known as “glocalization,” means you have to design and deliver global solutions that have total relevance to every local market in which you operate. Remember when the Chevy Nova required a rename, once Chevrolet realized that Nova meant "no go" in the Spanish market (not a great name for a car).
This approach, popularly known as “glocalization,” means you have to design and deliver global solutions that have total relevance to every local market in which you operate. Remember when the Chevy Nova required a rename, once Chevrolet realized that Nova meant "no go" in the Spanish market (not a great name for a car).
That’s why I recommend that they find a co-founder who loves business challenges, including marketing and finance. Business people know how to downplay the technology and market the value of the solution. Marketing is a necessary evil to mask poor technology. The right marketing efforts can cost as much as the technology.
As a model, think high-quality marketing collateral, with text and graphics in columns and sidebars, but focused on the value of your business, rather than selling your product. Skip the fuzzy marketing terms, such as "easier to use," "lower cost" and "disruptive technology."
Gartner says our market will be $50 billion in 2015.” It always amazes me how an entrepreneur can define his market opportunity so broadly, then assess his competition so narrowly in the next breath. All we have to do is get 1% of the market.” This red flag is the flip side of “the market will be $50 billion.”
Trademarks, copyrights and even patents can be completed online by anyone through the U.S. Patent and Trademark Office site for a few hundred dollars. Take advantage of social media and free websites for marketing. Site marketing is easily extended through blogs, Twitter, Facebook and social media.
Rely on marketing content and emotion vs. facts. For example, “I have patented a new LCD with double the intensity at half the cost, already proven locally, and I just need resources to scale for this market.” Marty Zwilling First published on Entrepreneur.com on 7/22/2015. Highlight features rather than differentiators.
A large and growing market opportunity. Investors look for startups which can address large markets, meaning those larger than a billion dollars and growing at double-digit rates. Small markets tend to change more rapidly with the economy, and may be more easily influenced by fads and competitors with recognized brand names.
Sometimes great new businesses, such as Starbucks, are built on the oldest of base products, but with better customer service, distribution, marketing or a new pricing model, by a smart, determined entrepreneur such as Howard Schultz. Shows passion and knows how to market. Thinks customer-centric vs. technology-centric.
In fact, they led the way for the state’s GDP growth of 3 percent in the fourth quarter of 2015, which was the highest in the nation , according to the U.S. Their first thoughts likely turn to agriculture and manufacturing. We’re very proud of those industries. Department of Commerce’s Bureau of Economic Analysis.
Barry Lieberman: My backgruond is about 35 years in technology, business development, and sales and marketing. I built my own company around marketing services, and have been around business development, marketing, custom service, and sales, and also on the consumer side of technology, a little bit a mix of the two.
Skip the generic marketing phrases like more user friendly, massive opportunity, and paradigm shifting. According to Gartner, the opportunity is 100 million by 2015, with 12% compounded growth.” Investors don’t need to know the implementation details of your patent or customer support plan. Lead with facts, but skip the details.
Skip the generic marketing phrases like more user friendly, massive opportunity, and paradigm shifting. According to Gartner, the opportunity is 100 million by 2015, with 12% compounded growth.” Investors don’t need to know the implementation details of your patent or customer support plan. Lead with facts, but skip the details.
They don’t realize that knocking competitors is assessed as a weakness and denying that you have any competition suggests there is no market for your solution. Taking action to file even a provisional patent shows you have the conviction and skill to execute while others have no barrier to entry.
Skip the generic marketing phrases like more user friendly, massive opportunity, and paradigm shifting. According to Gartner, the opportunity is 100 million by 2015, with 12% compounded growth.” Investors don’t need to know the implementation details of your patent or customer support plan. Lead with facts, but skip the details.
Skip the generic marketing phrases like more user friendly, massive opportunity, and paradigm shifting. According to Gartner, the opportunity is 100 million by 2015, with 12% compounded growth.” Investors don’t need to know the implementation details of your patent or customer support plan. Lead with facts, but skip the details.
We were a big company with licensing and so forth, and in 2015 we sold the company to NeuLion, a global streaming company whose customers included the NBA, NFL, Rogers, Univision, and so forth. For the first three years, it was all about research and development, building IP and patents and so forth. I have a Ph.D.
If your strength is technology, find a co-founder who has a comparable strength in business, finance or marketing. Entrepreneurs who have no patents, trade secrets or trademarks are usually deemed non-fundable and non-competitive. Ship a minimum viable product quickly, test the market and iterate.
Skip the generic marketing phrases like more user friendly, massive opportunity, and paradigm shifting. According to Gartner, the opportunity is 100 million by 2015, with 12% compounded growth.” Investors don’t need to know the implementation details of your patent or customer support plan. Lead with facts, but skip the details.
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