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Getting A Software Patent Is Valuable But Frustrating

Startup Professionals Musings

I still generally advise software startups to file a patent as a barrier to entry from competitors and to increase their valuation by investors, but every entrepreneur needs to understand the tradeoffs. This is positive, in educating the public by making them aware of an unknown or non-obvious software invention.

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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

I had a picture in the office of my first company with the logo above and the capital letters JFDI. (In I spent nearly a decade building software for large companies and then advising companies on the same. He was stuck on capital raising. This is part of my Startup Advice series. This was such a guy. Analysis Paralysis.

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For an Entrepreneur, an MBA is not King

Startup Professionals Musings

More importantly, as a parent or mentor, what should you advise young potential entrepreneurs about getting an MBA? In some recent surveys, as many as two-thirds of entrepreneurs felt that their entrepreneurial spirit was more ingrained than learned, so maybe the education level is irrelevant.

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6 Startup Lessons Learned By Passionate Entrepreneurs

Startup Professionals Musings

Then pursue the people and education you need to build a winning business. In my own experience with technical startup founders, I still find it hard to name one who was also good, or even interested in financials or business operations. I advise that you block out time at least weekly for nurturing new and existing relationships.