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Reflections on 2020: Brian Mac Mahon, Expert Dojo

socalTECH

You will be able to get to all of these posts on our 2020 reflections here.     We became the largest accelerator in Southern California with 80 investments in over 30 countries globally. We now invest in more companies, include better trainers and involve 3 times more investors in the demo days.

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6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

Jeff Bezos readily admits that his first career in a Wall Street-based investment banking firm gave him some keen insights into business realities, before a fear of regret and a personal passion led him to create Amazon, now the largest ecommerce site in the world. Strategic planning is a required ongoing investment.

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Call out your top competitors, highlighting your sustainable competitive advantage, including patents, trade secrets. Professional investors and even customers invest in people, rather than just a product.

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6 Drivers For Aspiring Entrepreneurs To Finish School

Startup Professionals Musings

Universities have the links you need to patent attorneys, prototyping companies, investment groups, as well as a wealth of peer talent to round out your team and share the work. Marty Zwilling First published on Inc.com on 09/08/2020. Initiate networking to find peer partners and investors.

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7 Ways Investors Assess Your Focus As An Entrepreneur

Startup Professionals Musings

Every investor will tell you that they invest in the person, more than the product, because they have learned that people with focus find success. It clearly takes focus to create and file a patent, but it will give you a tremendous advantage over “me too” competitors. Marty Zwilling First published on Inc.com on 05/19/2020.

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8 Errors To Avoid In Your First Minute With Investors

Startup Professionals Musings

For example, “I have patented a new tire that will double the wear mileage at half the cost.” Customers still buy from people, and investors invest in you and your team, more than the solution. You shouldn’t expect to get an investment commitment in the elevator, or close a customer deal in the first minute.

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5 Tips To Keep Your Startup Productive, Not Just Busy

Startup Professionals Musings

There are complex processes, like filing a patent, and financial tools that may be new to you, including Excel and Quickbooks. In my experience as an angel investor, it was an accepted axiom that we invested in people, even more than the product. Marty Zwilling First published on Inc.com on 04/13/2020.

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