Startup Professionals Musings
AUGUST 12, 2019
Most entrepreneurs are quick to assert to potential investors that their product or solution will kill the competition, but unfortunately your opinion alone is not enough to convince most experienced investors. A competitive advantage to a non-problem or tiny niche is not interesting to investors.
Berkonomics
JULY 18, 2019
By definition, your core is your intellectual property foundation, the thing that makes your business most valuable to customers, investors and perhaps someday to potential buyers of the business. Patents, branding, marketing and more. What is your core competency? There is much to reinforce in such behavior.
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Startup Professionals Musings
JANUARY 27, 2016
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. There is no such thing as a world-wide patent.
Startup Professionals Musings
MARCH 3, 2023
This section of the plan would include the definition of specific test processes, how results will be measured, and who has responsibility for execution and approval. Opportunity segmentation and competitive environment. Quality testing and approval processes. Now let’s talk about the basic components of a business plan.
Berkonomics
AUGUST 23, 2012
By definition, your core is your intellectual property foundation, the thing that makes your business most valuable to customers, investors and perhaps someday to potential buyers. There is much to reinforce in such behavior. Email readers, continue here.] Sometimes we protect our core with effective branding and marketing.
Berkonomics
MARCH 5, 2020
And fifth: Competitive risk. . If there are high barriers to entry with such protections as patents, long development time already spent or contracts with the major potential customers, then the risk of a competitor with more resources jumping into the frothy pool and taking advantage of the demand created by the company is minimized.
Startup Professionals Musings
JULY 23, 2023
Will the solution give you an “unfair competitive advantage,” meaning no competitor already has it, or can replicate your solution without your skills or intellectual property. Don’t try to explain your technical implementation, your patent algorithm, or your unfair competitive advantage here. Do include some quantification.
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