InfoChachkie

AUGUST 10, 2010

However, to a Big Dumb Company (BDC), a startup’s IP is a thing of beauty. 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.

IP 256

IP Patents Company Companies 256

Startup Professionals Musings

MAY 10, 2021

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking. Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Think the unthinkable.

Ideas 171

Ideas Patents Training Entrepreneur 171

Startup Professionals Musings

SEPTEMBER 25, 2021

Early-stage ideas fall in the same category. I have the greatest respect for inventors and idea people, who think outside the box to envision and even create solutions never before seen. In other words, inventions are necessary but not sufficient to create real value for investors and customers. Don’t get me wrong.

Technical Review 156

Technical Review Funding Patents Ideas 156

Startup Professionals Musings

OCTOBER 24, 2021

When someone says Intellectual Property (IP), most entrepreneurs think only of patents. In reality, patents are only one of at least eight items that should be in your IP portfolio. Here are the key elements: Company name. domainname.com) is just as critical as the company name, and the two should match as nearly as possible.

Startup 145

Startup Patents IP Social Media 145

Startup Professionals Musings

APRIL 21, 2023

In my experience, finding real innovation in existing company environments is even tougher. It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Idea management. Build and manage a pipeline of ideas. Ownership.

Coach 137

Coach Metrics Competition Ideas 137

Startup Professionals Musings

JULY 18, 2014

Early-stage ideas fall in the same category. I have the greatest respect for inventors and idea people who think outside the box to envision and create solutions never before seen. In other words, inventions are necessary but not sufficient to create real value for investors and customers. Don’t get me wrong.

Ideas 106

Ideas Technical Review Patents Entrepreneur 106

Startup Professionals Musings

MAY 1, 2023

So, the first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90% of the equity. The value in a startup is all about tangible results, so I see no equity value in the idea alone. Key to required patents or trade secrets.

Equity 99

Equity Patents CTO Hire Startup 99

Startup Professionals Musings

FEBRUARY 19, 2023

It’s still popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market. Meet investors before asking for money.

Marketing 105

Marketing Startup Search Engine Optimization Ideas 105

Berkonomics

APRIL 13, 2017

Test yourself as to whether you can identify the size of your market niche, and whether you can overcome the many barriers to access customers within your niche. A core patent or “thicket” of patents protecting your offering? A strategic relationship with one or more of the largest customers? How large a total market?

Patents 291

Patents Pricing Ideas Marketing 291

Startup Professionals Musings

APRIL 28, 2017

Based on my own experience as a startup investor, and feedback from like-minded friends, we all get pitches for at least ten startup ideas for every one new business plan. New business founders need to remember that investors fund business implementations, not ideas. Draft a short pitch for customers, and one for investors.

Ideas 74

Ideas Social Media Startup Customer 74

Berkonomics

MARCH 5, 2020

In the creation of a young company, there are five principal risks to be addressed by the entrepreneur. One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. Why five risks?

Outsource Development 156

Outsource Development Ideas Resource Patents 156

Startup Professionals Musings

FEBRUARY 26, 2012

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking. Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. Think the unthinkable.

Ideas 109

Ideas Entrepreneur Patents Training 109

Startup Professionals Musings

JULY 29, 2013

On the other hand, if you intend to patent an idea, you need a signed confidentiality agreement from everyone knowing details, or you will legally lose patent rights. An NDA is highly recommended before you talk to a similar company about a joint venture, white labeling, or any investment options. Trade secrets.

Ideas 92

Ideas Demand Patents Entrepreneur 92

Startup Professionals Musings

MAY 23, 2020

It’s still popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market. Meet investors before asking for money.

Search Engine Optimization 174

Search Engine Optimization Ideas Startup Customer 174

Startup Professionals Musings

JULY 3, 2013

Based on my own experience and feedback from friends, every investor is approached by at least ten entrepreneurs with a “hot idea” for a new business, for every one who has a real “plan” for a new business. In fact, you can find websites full of ideas, like these “ Free Innovative Ideas ,” by serial entrepreneur Kim E.

Ideas 106

Ideas Startup Summary CalTech 106

Startup Professionals Musings

AUGUST 9, 2020

So the first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90% of the equity. The value in a startup is all about tangible results, so I see no equity value in the idea alone. Key to required patents or trade secrets.

Startup 174

Startup Equity Patents CTO Hire 174

Startup Professionals Musings

DECEMBER 30, 2020

You may think that patents and copyrights are not required, since your products are so innovative, but you will find that competitors are quick to copy your idea if you don’t protect it. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies.

Entrepreneur 173

Entrepreneur Patents Startup Technical Review 173

Startup Professionals Musings

JULY 25, 2020

In my experience, finding real innovation in existing company environments is even tougher. It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Idea management. Build and manage a pipeline of ideas. Ownership.

Coach 144

Coach Metrics Social Network Competition 144

Startup Professionals Musings

JANUARY 6, 2023

Unfortunately, in my experience, it takes much more than an innovative idea to launch a successful business today. Over time, I have collected a list of new business attributes that go beyond the initial idea or solution, which often are more critical to long-term success and satisfaction. Be customer focused, not technology focused.

Tips 80

Tips Startup Satisfaction Ideas 80

Startup Professionals Musings

JUNE 2, 2012

Based on my own experience and feedback from friends, every investor is approached by at least ten entrepreneurs with a “hot idea” for a new business, for every one who has a real “plan” for a new business. In fact, you can find websites full of ideas, like these “ Free Innovative Ideas ,” by serial entrepreneur Kim E.

Ideas 97

Ideas Summary Startup CalTech 97

Startup Professionals Musings

MARCH 3, 2023

A product plan has tremendous value inward facing, telling your product people what to build, while the business plan has maximum value outward facing, explaining to the rest of the world how your new company will survive and prosper. These requirements must be based on market analysis, expert input, and existing customer feedback.

Product 112

Product Summary Activity Entrepreneur 112

Startup Professionals Musings

MARCH 7, 2011

Based on my own experience and feedback from friends, every investor is approached by at least ten entrepreneurs with a “hot idea” for a new business, for every one who has a real “plan” for a new business. In fact, you can find websites full of ideas, like these “ Free Innovative Ideas ,” by serial entrepreneur Kim E.

Ideas 104

Ideas Entrepreneur Summary Startup 104

Berkonomics

MARCH 14, 2019

Of course, we are speaking of increased valuation of your company when we speak of “wealth.” One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. So, let’s examine them and mitigate them.

Outsource Development 120

Outsource Development Ideas Resource Patents 120

TechCrunch LA

APRIL 22, 2019

Sarah Paiji had the idea to launch the eco-friendly refillable cleaning supply retailer Blueland after hearing about the abundance of microplastics in the water she was using to dilute her child’s baby formula. Blueland also wasn’t Paiji’s first choice for a new startup idea.

Design 161

Design Patents Los Angeles Ideas 161

Berkonomics

AUGUST 31, 2023

In 1994, (I know a long time ago), I invested over a million dollars (two million six hundred thousand in today’s dollars) into a company whose entrepreneurs had a vision that I bought into for many reasons, not the least of which was that I had industry experience and understood the need. Let me tell you a short story at my own expense.

Competition 156

Competition Research Summary Pricing 156

Startup Professionals Musings

JUNE 26, 2020

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. What you don’t realize is these famous investors only deal with entrepreneurs who sold their last company for a $100M dollars or more. and trademarks.

Product 169

Product Summary Startup Examples 169

Startup Professionals Musings

JULY 27, 2022

For example, Elon Musk, who owns many battery patents , normally kept for a competitive edge, decided to open them all to any competitors in an effort to expand the market for his electric vehicles. Generously reward your team for learning from innovative ideas, including failures. Initiate a regular program of customer experiments.

Competition 139

Competition Examples Customer Custom 139

Startup Professionals Musings

SEPTEMBER 23, 2020

Most colleges have now added classes in entrepreneurship to include the necessary business focus to technical majors that usually drive innovative ideas. Mark Zuckerberg, while still in school, tested the viability of his “ FaceMash ” technology as a business by rolling it out to other students at Harvard as customers.

Entrepreneur 157

Entrepreneur Mentor Class Resource 157

Startup Professionals Musings

JUNE 3, 2020

Most of you aspiring entrepreneurs have new ideas on a regular basis, and find it hard deciding which to pursue, or try to tackle several at the same time. This culture is best maintained by every business leader at every stage of company maturity. Demonstrate real knowledge of your market and competitors.

Entrepreneur 126

Entrepreneur Startup Patents Resource 126

Startup Professionals Musings

JULY 11, 2020

If you think about it, most of the influential names in the entrepreneur world today, including Elon Musk and Richard Branson, have each started many companies, learning from each, and fully recognizing that not all are destined to be remembered. Incent and reward new ideas with action, not more study.

Entrepreneur 131

Entrepreneur Startup Ideas Software Review 131

Startup Professionals Musings

JANUARY 11, 2019

When someone says Intellectual Property (IP), most entrepreneurs think only of patents. In reality, patents are only one of at least eight items that should be in your IP portfolio. Here are the key elements: Company name. domainname.com) is just as critical as the company name, and the two should match as nearly as possible.

IP 93

IP Invest Patents Social Media 93

InfoChachkie

OCTOBER 12, 2015

On a micro level, you can do your part to fix tech's gender problem by recruiting people with diverse backgrounds and place them in a company culture that rewards those who challenge the status quo. Diversity on all levels, be it ideas, education, background, gender, ethnicity or otherwise, is critical to our growth. Share and Enjoy.

Company 100

Company Companies Santa Barbara Education 100

Startup Professionals Musings

OCTOBER 14, 2016

I’m sure all of you know one or more of the 200 or more young companies that are currently valued at one billion or more by investors and stockholders. If your new venture is still in the idea or development stages, don’t even think about a high valuation. How well does your new company stack-up today?

Company 100

Company Companies Startup Statistics 100

Startup Professionals Musings

APRIL 17, 2015

These help to increase the intrinsic level of understanding, stimulate creativity, and develop ideas. According to Collins and Porras, companies can only be really outstanding in areas where they are fully committed. The answer to this question should be formulated as ‘a customer’s problem the company is going to resolve like no other.’

Customer 102

Customer Custom Organization Course 102

Startup Professionals Musings

AUGUST 26, 2022

Working for a well-funded existing company, or pursuing your dream as a hobby, may be more satisfying and productive. Trust your own insights, and if you have to ask for business ideas from others, I recommend that you stay where you are until you’re certain of your own idea and solution. Every business is a work in progress.

Social Media 105

Social Media Writing Ideas Resource 105

Startup Professionals Musings

SEPTEMBER 8, 2018

Early-stage ideas fall in the same category. I have the greatest respect for inventors and idea people, who think outside the box to envision and even create solutions never before seen. In other words, inventions are necessary but not sufficient to create real value for investors and customers. Don’t get me wrong.

Technical Review 86

Technical Review Patents Ideas Journal 86

Startup Professionals Musings

NOVEMBER 4, 2010

A while back, I wrote about the importance of a “ sustainable competitive advantage ,” and outlined the business plan value and limitations of patents and competitor feature comparisons. But once you start selling products, all of these pale in comparison to your level of customer service. Exceed customer expectations.

Customer 90

Customer Custom Services Startup 90