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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.
free weekly Infochachkie articles! Patents held by startups generally have a limited ability to reduce competition. The average time required to obtain a patent is 36-to-40 months, during which there is no guarantee your adVenture will ultimately receive patent protection. Three years is a lifetime at a startup.
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition).
According to an old Harvard Business Reviewarticle, many people in history, famous for their inventions, like 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.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
For a software startup, a patent can be the intellectual property providing the key competitive advantage, or it can be an expensive non-defensible bureaucratic nightmare -- or both. Some argue to simply eliminate software patents, while others put their hopes in U.S. Every business is global, but patent rules differ around the world.
According to a Harvard Business Reviewarticle, 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.
A version of this article previously appeared in Forbes. If you haven't already subscribed yet, subscribe now for free weekly JohnGreathouse.com articles! Note: due to the founders’ relative lack of experience, most student enterprises do not qualify for venture capital.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
According to an old Harvard Business Reviewarticle, many people in history, famous for their inventions, like 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.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
In this article #StartupsEverywhere , I talked with Joe Wallace, CEO and Chief Innovation Officer of the Coachella Valley Economic Partnership, and Hank McCarrick, CEO and founder of Seco Sys about sustainability, emerging eco tech, and challenges in the ecosystem. Joe Wallace, CEO and Chief Innovation Officer at CVEP.
10 Ways To Be Your Own Boss - A VC : Venture Capital and Technology , June 18, 2010 The folks at Behance and Cool Hunting asked me to talk at their 99% Conference a couple months ago. Just because a product has a patent, deep complexity and an obvious competitive advantage does not mean that it can fly by itself into the market.
According to an old Harvard Business Reviewarticle, many people in history, famous for their inventions, like 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.
In this article #StartupsEverywhere , I talked with Joe Wallace, CEO and Chief Innovation Officer of the Coachella Valley Economic Partnership, and Hank McCarrick, CEO and founder of Seco Sys about sustainability, emerging eco tech, and challenges in the ecosystem. Joe Wallace, CEO and Chief Innovation Officer at CVEP.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
If you haven't already subscribed yet, subscribe now for free weekly Infochachkie articles! Too Techie - Tone down emphasis on the technology underlying your venture; an interested investor will perform techdiligence at the appropriate time. Patents and Trademarks. Distribution and Sales. Competition.
Well … I have had many late nights and I really didn’t contemplate writing many blog postings this month because I spent November in this interesting venture capital / fund raising dance involving lots of late night sessions reviewing legal documents, rewriting business plans and preparing for pitches. Page 3: Competition. Page 5: Financials.
Yet, despite his exceptional courtroom theatrics, you would be foolhardy to hire good old Johnnie to review your software cross-licensing agreement. free weekly Infochachkie articles! Bill Review – Believe it or not, lawyers and their staff are human (insert “gasp” here). Substance Over Form. They make mistakes.
The $30 billion trade surplus in advanced technology products that America enjoyed just one decade ago has now become a $56 billion deficit. In addition, due to Sarbanes-Oxley and other regulations, accounting costs have gone up an estimated four times for all businesses, and 2008-2009 represented the worst IPO market in forty years.
If you haven’t already subscribed yet, subscribe now for free weekly Infochachkie articles! BDCs often ask to “private label” or “white label” a smaller company’s technology. This generally involves the BDC selling the startup’s technology under the BDC’s brand. Kiss of Death ConTraps. Issue Unmitigated Exclusivity.
If your product is really new and disruptive, make sure you have supply to meet the demand at rollout, and a patent to prevent others from jumping in quickly. Underestimate the importance of duediligence. Prioritize your tasks, take advantage of technology, and constantly optimize your processes.
If you haven’t already subscribed yet, subscribe now for free weekly Infochachkie articles! BDCs often ask to “private label” or “white label” a smaller company’s technology. This generally involves the BDC selling the startup’s technology under the BDC’s brand. Kiss of Death ConTraps. Issue Unmitigated Exclusivity.
If your product is really new and disruptive, make sure you have supply to meet the demand at rollout, and a patent to prevent others from jumping in quickly. Underestimate the importance of duediligence. Prioritize your tasks, take advantage of technology, and constantly optimize your processes.
If your product is really new and disruptive, make sure you have supply to meet the demand at rollout, and a patent to prevent others from jumping in quickly. Underestimate the importance of duediligence. Prioritize your tasks, take advantage of technology, and constantly optimize your processes.
Sebastian’s Pamphlets If you’ve read my articles somewhere on the Internet, expect something different here. The technically savvy reader, familiar with my attitude, has already figured out that I’ve read way too many raw logs. The Twitter pest that costs you hard earned money WTF I’m ranting about?
Another variation on this theme is the person who creates a “solution” from technology, and then makes up a “problem” that it will solve. In fact, quite the opposite usually happens, due to complexity and work to switch. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage.
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