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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. Thus, if a startup team asks, “What is this patent worth to us?”,
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. We want to see a documented business plan that clearly addresses this challenge.
A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. 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. Copyrights.
It starts with documenting and communicating a real purpose and mission in terms everyone can get excited about. Intellectual property is required for a competitive edge. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies. Neither is good.
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.
A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. 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. Copyrights.
A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. 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. Copyrights.
A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. 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. Copyrights.
A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” and trademarks.
Whether that''s for competitive analysis or market analysis, our product is basically able to monitor--on a very large scale--things that are important to your particular company. All of our documents were done for raising money, and it was a very simple transaction. We''re looking for lighting bolts in time which are important.
We've also had great advances in engaging the trust of the commercial community, with patented advances like automatic scoring of our algorithms, which predicts the quality of translations based on a one-through-five scale. The problem them was, we've got ten documents, how do we get through those.
A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. 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. Copyrights.
Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. Opportunity segmentation and competitive environment. Now let’s talk about the basic components of a business plan. Provide details on the business model.
The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I They only want a quick overview of the product, not detailed features and patent secrets. I don’t have a business plan, but the technology is disruptive.”
The approach I recommend is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Describe your technology patents and “secret sauce”. Competition and sustainable advantage. Opportunity sizing.
The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I They only want a quick overview of the product, not detailed features and patent secrets. I don’t have a business plan, but the technology is disruptive.”
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.
On the other hand, if you have a new technology, with patent applied for, maybe you more time to get it right. Potential conflict of interest issues with a current employer should be explored openly, and resulting agreement documented, to preclude the possibility that you might lose everything later as your startup succeeds.
An alternative approach, which I prefer, is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Describe your technology patents and “secret sauce”. Competition and sustainable advantage. Opportunity sizing.
The approach I recommend is to build the investor presentation first, by iterating on the bullets with your team, and then fleshing out the points into a full-blown text-based business plan document. Describe your technology patents and “secret sauce”. Competition and sustainable advantage. Opportunity sizing.
Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. Opportunity segmentation and competitive environment. Now let’s talk about the basic components of a business plan. Provide details on the business model.
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.
For example, “I have patented a new LCD with double the intensity at half the cost, already proven locally, and I just need resources to scale for this market.” Your second sentence should acknowledge competition, but highlight your added value. Your second sentence should acknowledge competition, but highlight your added value.
The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I They only want a quick overview of the product, not detailed features and patent secrets. I don’t have a business plan, but the technology is disruptive.”
The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I They only want a quick overview of the product, not detailed features and patent secrets. I don’t have a business plan, but the technology is disruptive.”
Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. Opportunity segmentation and competitive environment. Now let’s talk about the basic components of a business plan. Provide details on the business model.
On the other hand, if you have a new technology, with patent applied for, maybe you more time to get it right. Potential conflict of interest issues with a current employer should be explored openly, and resulting agreement documented, to preclude the possibility that you might lose everything later as your startup succeeds.
Whether it’s something as extensive as filing patents, more simple trademark registrations, and or putting appropriate documentation in place, don’t ignore this and don’t rely on boilerplate online templates. And relying on NDAs is not the answer.
Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. For example, “I just patented a new cell-phone technology that will double battery life for half the cost. Opportunity segmentation and competitive environment.
On the other hand, if you have a new technology, with patent applied for, maybe you more time to get it right. Potential conflict of interest issues with a current employer should be explored openly, and resulting agreement documented, to preclude the possibility that you might lose everything later as your startup succeeds.
On the other hand, if you have a new technology, with patent applied for, maybe you more time to get it right. Potential conflict of interest issues with a current employer should be explored openly, and resulting agreement documented, to preclude the possibility that you might lose everything later as your startup succeeds.
On the other hand, if you have a new technology, with patent applied for, maybe you more time to get it right. Potential conflict of interest issues with a current employer should be explored openly, and resulting agreement documented, to preclude the possibility that you might lose everything later as your startup succeeds.
I’m not suggesting that formal legal documents are always required, but agreements without some paper or email trail are easily forgotten or misconstrued. Filing a provisional patent costs very little if you do it yourself, and it holds your place in line for a year. Reveal “secret sauce” before filing intellectual property.
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.
Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. File a provisional patent, register a trademark, and reserve your company domain names. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. File a provisional patent, register a trademark, and reserve your company domain names. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
Here are some tips which will signal traction and fundability to investors, as well as to your team: Document your business plan. File a provisional patent, register a trademark, and reserve your company domain names. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.
The first page of the business plan better be an executive summary which gives the investor a taste of the financials, as well as opportunity, competition, and key executives. “I They only want a quick overview of the product, not detailed features and patent secrets. I don’t have a business plan, but the technology is disruptive.”
A strong work ethic is great, but patents and intellectual property are critical. What works is a documented change request process, as well as quantification of resources and incremental return. Is your business plan complete and documented? You need quantified value for customers to see, feel, and pay for.
Here are some tips which will signal traction to investors, as well as your team: Document your business plan. File a provisional patent, register a trademark, and reserve your company domain names. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. Opportunity segmentation and competitive environment. Now let’s talk about the basic components of a business plan. Provide details on the business model.
If the market is new and competition is minimal, then the time and costs of educating potential customers probably exceeds your survival time and budget. You need patents and trademarks as a barrier to entry. Be prepared to pivot at least once before you get it right, even with this input.
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.
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