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New entrepreneurs who want to survive, and optimize the growth of their startups, need to think globally, and act locally, from day one. The middle and above-middle class population of China will grow from 172 million in 2010 to 314 million in 2015. Not every international market matters, but some are larger than life.
Here are some of the key new rules I have learned by starting my own company, investing as an angel in other startups and mentoring many more new entrepreneurs over the last few years: Do incorporate a company, but keep it simple. Too many entrepreneurs still think plans are for investors, and investors are required to build a startup.
New entrepreneurs who want to survive, and optimize the growth of their startups, need to think globally, and act locally, from day one. The middle and above-middle class population of China will grow from 172 million in 2010 to 314 million in 2015. Not every international market matters, but some are larger than life.
Every entrepreneur needs a value proposition statement for his or her startup that can hook potential investors and partners in less than a minute -- the short time you might join them in an elevator on the way to their offices. Build up for the punch line at the end. Always start with a hook to get the investor’s attention.
New entrepreneurs who want to survive, and optimize the growth of their startups, need to think globally, and act locally, from day one. The middle and above-middle class population of China will grow from 172 million in 2010 to 314 million by 2015. business entrepreneur glocalization localization startup' Marty Zwilling.
Thus, based on my experience as an entrepreneur as well as a startup investor, there are indeed situations where a non-disclosure is highly recommended, and others where the potential good far outweighs the risk. Disclosures relative to patents. Product details in the public domain can never be patented. Sharing trade secrets.
The biggest complaint I hear from investors is that startup founders often talk way too long, and neglect to cover the most relevant points. If you start by pitching your extended life story, that’s the wrong point. Start with the problem and your solution. Close by asking for questions and promising follow-up.
The biggest complaint I hear from investors is that startup founders often talk way too long, and neglect to cover the most relevant points. If you start by pitching your extended life story, that’s the wrong point. Start with the problem and your solution. Close by asking for questions and promising follow-up.
Most technologists have little interest in the mechanics of starting and building a business. I exhort entrepreneurs to keep it simple, start with a minimum viable product (MVP), and test it out with early customers. Patents are not worth the effort, since big companies will win. Fabulous solutions require great technology.
Bose’s Steve Romine says that’s still an important focus for the Framingham, MA-based company, which has been awarded hundreds of patents for advances in technologies such as noise-canceling headphones. But in the past few years, Bose has also started to look outside its walls for other sources of innovation.
" Investors want to buy into an entrepreneur with a startup that can provide evidence of an ability to double customer productivity, at half the cost, with patented technology. Patents or other intellectual property are a real competitive advantage for a startup, but first to market and working harder are not sustainable.
The biggest complaint I hear from investors is that startup founders often talk way too long, and neglect to cover the most relevant points. If you start by pitching your extended life story, that’s the wrong point. Start with the problem and your solution. Close by asking for questions and promising follow-up.
The biggest complaint I hear from investors is that startup founders often talk way too long, and neglect to cover the most relevant points. If you start by pitching your extended life story, that’s the wrong point. Start with the problem and your solution. Close by asking for questions and promising follow-up.
Orange County startup Beatshare --backed by the Tech Coast Angels, Pasadena Angels, Harvard Business School Angels, and Archangels, among others�thinks it's figured out the formula to make music the message in its mobile app. Barry was a lead mentor there at Chapman University's Launch Labs, and we paired up. What is Beatshare?
Gartner says our market will be $50 billion in 2015.” That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage. Unfortunately, a startup with no brand name and no intellectual property is a sitting duck for the big slow company, as soon as they see you gaining a bit of traction.
Too many entrepreneurs look for that one magic bullet -- an exciting new technology, perhaps, or their own determination to make the world a better place -- to override any shortcomings in their startup model. Such failures ignore the essential business elements investors look for before committing to a startup.
San Diego-based uCast Global (www.ucastglobal.com), backed by Gary Winnick, is looking to tackle that entire area of content distribution, and is led by startup veteran Dr. Kanaan Jemili. We caught up with Kanaan to learn more about uCast Global. Weve also developed technology that allows them to get a really easy start.
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. That law helped kick-start the modern tech transfer field. Their first thoughts likely turn to agriculture and manufacturing. We’re very proud of those industries.
Aspiring entrepreneurs often ask me what to do first when starting a business. The date of incorporation is the official start date for your business, so progress from this point will be scrutinized by investors. Start with the simplest legal entity, to minimize liability and taxes.
I was recently a judge at a local event where the time limit for each startup was two minutes. Yet a big complaint I hear from investors is that startup founders often waste their time and forget to get to the point. If you start by pitching your extended life story, that’s the wrong point. Don’t forget to ask for the order.
A good entrepreneur starts with a problem that needs to be solved, including how many people have the problem, what people are willing to pay for a solution, how to make money and how to execute. Filing a patent and quality testing requires a level of documentation and a detail orientation that one rarely finds in an entrepreneur.
Taking action to file even a provisional patent shows you have the conviction and skill to execute while others have no barrier to entry. Investors invest in people who take action rather than find the excuses that patents are not defensible, cost money or may be done later. It’s always smart to take the high road.
It was fitting this week that, in the lead-up to two of biomedicine’s biggest self-celebrations, we were served ample reminder of the industry’s expensive decisions gone wrong. Supreme Court this week refused to reinstate four disputed patents related to daptomycin, according to Reuters. But the U.S.
Indeed, the team claim that Nativo’s programmatic platform boosts native ad performance by up to 300%. In June 2015, the platform managed to raise some $20 million in Venture Capital (VC) funding. patent, making its offering totally unique to both advertisers and audiences alike. Sta Media actually boasts a U.S.
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