Remove 2016 Remove Customer Remove Patents Remove Sales
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10 Answers That Make Your Startup Plan Investable

Startup Professionals Musings

Investors want to hear about customers with money who have a painful problem that you can solve now. Investors are looking for a concise description of your product or service without technical jargon or fuzzy marketing terms with value quantified in customer terms. What are your specific marketing and sales plans?

Invest 108
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When Did Profit Become A Bad Word For Entrepreneurs?

Startup Professionals Musings

By profit, I simply mean offering a product or service to customers for a price that exceeds the total costs associated with the solution, thus providing some basis for recovering sunk costs and generating a return for stakeholders. Solve a painful problem for customers who have money to spend.

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Join The Unicorn Club Of Billion-Dollar Companies

Startup Professionals Musings

If you don’t yet have a hundred investors knocking on your door, it’s time to put more focus on viral marketing, closing customers, and exponential growth. Patents and other intellectual property are a necessary initial “barrier to entry,” but these are just the beginning. Marty Zwilling First published on Inc.com on 09/29/2016.

Company 100
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7 Reality Checks On Your Funding Odds With Investors

Startup Professionals Musings

It costs very little to file a provisional patent to begin your protection. In fact, it is your job to show how the technology will be embodied in a solution that satisfies a painful customer need, what channels will be used for sales and what business model maximizes return. Revenue and profit projections are not credible.

Funding 57
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A Five-Minute Tutorial On How To Value Your Startup

Startup Professionals Musings

First priority is real revenue, customers and contracts. If you have a proven business model with some sales, it’s credible to apply a multiplier of five to 10 times this number for the first element of valuation. Marty Zwilling First published on Entrepreneur.com on 03/09/2016. Registered intellectual property adds value.

Startup 71