Here’s how NOT to define your competition

Berkonomics

An entrepreneur pitches using a deck with no slide for competition. We have no competition.”. That statement has killed more investment deals than almost any other. We investors see this all the time. When asked (as we always do,) the response is “This is new.

Seed Stage Startup Pitch Competition

SoCal Tech Calendar

Tuesday, February 19, 2019 -- Seed Stage Startup Pitch Competition. startups and entrepreneurs pitch on stage for product, business model, and investing feedback, and one winner will take home a valuable prize package. Startup Coil. See [link] (more

Make Yourself A Key Sustainable Competitive Advantage

Startup Professionals Musings

The only “sustainable competitive advantage” in business is self-awareness. The leaders I admire most have invested a great deal of time understanding their own psychology and learning from their past patterns and difficulties.

Why I Look for Obsessive and Competitive Founders

Both Sides of the Table

He wants to compete to be the lead drummer in the competitive ensemble and study under Terence, an obsessive instructor who is hell bent on winning competitions for the school. But the film has my brain buzzing all week about obsessive and competitive people. Obsession.

Qualcomm Ventures Kicks Off Startup Competition

socalTECH

San Diego-based Qualcomm Ventures , the venture investment arm of Qualcomm, has kicked off its annual venture competition, the QPrize , dangling seven $100,000 regional prizes and a $150,000 grand prize. Qualcomm said the deadline for the startup competition this year is April 18th.

Qualcomm Ventures Sweetens Pot In QPrize Competition

socalTECH

San Diego-based Qualcomm said Thursday that it is doubling the size of its QPrize annual investment funding competition, and will now award $250,000 in convertible note financing to regional winners, with an additional $250,000 to grand prize winners. This will be the fifth year of the competition. qualcomm ventures qprize competition prize seed investment venture capital

Start-up World Cup - Los Angeles Regional Pitch Competition

SoCal Tech Calendar

Wednesday, April 24, 2019 -- Start-up World Cup - Los Angeles Regional Pitch Competition. Startup World Cup is a global series of startup pitch competitions that is powered by Fenox Venture Capital and held in 40+ regions from around the world, where the top startup from each country comes to Silicon Valley and compete for a $1,000,000 USD investment prize!

Investor Secrets For Smart Competitive Positioning

Startup Professionals Musings

This raises a big red flag with potential investors, who conclude that no competitors means no market, or you haven’t looked, and the new startup is likely not investable. Prior recognition and visibility in the target market is invaluable from a competitive perspective.

Investors Look for These Six Competitive Elements

Startup Professionals Musings

One of the toughest and yet most important questions you will be asked by savvy potential startup investors is “What is your sustainable competitive advantage?” Competitive” should be taken broadly to include alternative ways that people might solve the problem you are addressing.

Be careful how you define your competition.

Berkonomics

Professional investors laugh when they hear an entrepreneur state, “We have no competition.” That statement has killed more investment deals than almost any other. Remember that the buyer must commit resources, money and time, toward the purchase of your product, and even if the product repays its investment in a few months, there may be issues you know nothing about that make no decision the right decision for this and perhaps many buyers.

How I Invest

Both Sides of the Table

During the Q&A I was asked about how I make investment decisions in early-stage businesses. I know that sounds trite but it’s the best way I can describe my early-stage investments. If I don’t do both then it’s highly unlikely I will invest. I know now that investments will consume many hours including late nights / early mornings and weekends. Often as I describe to people privately why I invested the first reaction is not to immediately get it.

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6 Key Drivers To a Long-Term Competitive Advantage

Startup Professionals Musings

One of the toughest and yet most important questions you will be asked by savvy potential startup investors is “What is your sustainable competitive advantage?” Competitive” should be taken broadly to include alternative ways that people might solve the problem you are addressing.

Meet Our Startup of the Year Competition Semifinalists: Mobile Therapy

Tech.Co

From apps to hardware, to KickStarter successes and international startups, we’re inching closer to finding out who will take home the title of Startup of the Year competition at our annual Celebrate Conference in October. Among the dozens of participants that applied for the online competitions, only a few progressed into the semifinals. Co: What was the road like leading up to your initial pitch for the competition?

Qualcomm Launches Second Annual Venture Competition

socalTECH

San Diego-based Qualcomm said Tuesday that it is launching its second annual venture investment competition, the Qualcomm Ventures QPrize competition. According to the firm, this year's competition will provide up to $750,000 in seed funding to entrepreneurs working on mobile ventures. South Korea and Israel are new markets for Qualcomm's competition. Tags: qualcomm ventures venture capital competition

Do you engage an investment banker?

Berkonomics

Many CEOs have asked me if I felt an investment banker adds value if the buyer has already been identified. Investment bankers sometimes slow the process by requiring a “deal book” to be prepared containing considerable information about a company to help a buyer.

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5 Ways To Give Now For A Future Competitive Advantage

Startup Professionals Musings

The new paradigm, driven by disruptive technologies, cloud-served supercomputing, and the new generation of young adults with global empathy, is partnering and giving something now for a competitive advantage in the future.

Organic Growth Startups Won’t Scale Competitively

Startup Professionals Musings

Some people feel that organic growth is “better” because it requires real innovation and sustained effort to create long-term competitive advantage through differentiation and efficiency.

The Best Entrepreneurs Are Hyper Competitive & Hate Losing

Both Sides of the Table

Competitiveness - One attribute that I believe most VCs look for in entrepreneurs is competitiveness. If you stumble on to a really good idea believe me it will get competitive really quickly. This competitive streak paid off.

Meg Whitman Invests in Immortals; Joins Board

L.A. Business Journal

Westwood-based Immortals, an e-sports competition league with worldwide reach, announced today an investment from Meg Whitman, who also joined the company’s board of directors

Qualcomm Names Venture Investment Prize Winner

socalTECH

San Diego-based Qualcomm has named the winner of its annual, Qualcomm Ventures QPrize Venture Investment Competition, the company said this morning. iOnRoad had previously won $100,000 from Qualcomm for winning the Israeli region competition of Qualcomm's QPrize competition. Qualcomm's venture prize competition is in its third year. qualcomm venture capital prize qprize competition israeli ionroad

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Real Sustainable Competitive Advantages are Rare

Startup Professionals Musings

One of the most important questions you will be asked by potential investors is how your solutions beats the competition, not just today, but over the three to five year life of their investment. The concept is called “sustainable competitive advantage.”

Insights and Opinions: Top 10 Ways to Win a Business Plan Competition

socalTECH

This time, Frank gives the Top 10 Ways to Win a Business Plan Competition. I'm a judge in a local university's business plan competition. Over the past few years I've been involved in different ways in the UC Irvine, Paul Merage School of Business, Business Plan Competition.

Kevin O'Connor, ScOp Venture Capital, On Startup Success and Investments

socalTECH

This morning's interview is with Kevin O'Connor , a longtime investor and serial entrepreneur, who is now running venture capital investment firm ScOp Venture Capital. Kevin O'Connor: I've been doing venture since my first deal in 1995, and have been investing on and off since I moved to Santa Barbara in 2001, under the name O'Connor Ventures, and did that full time until 2009, when I started Graphiq, and switched back into doing another company.

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Using Technology to Realize a Competitive Advantage

Tech Zulu Event

Computers and the Internet have now brought in a new era that relies on data to make profitable business decisions in the competitive environment. Below is a full explanation of how small businesses can leverage technology to earn a competitive advantage in the marketplace.

Crowdfunder Dangles $25K In LA Startup Competition

socalTECH

Barnett said the contest comes since the firm is not quite able to crowdfund investments for companies yet, but wants to help LA startups get the attention to meet angels and venture capitalist, along with other investors, through its platform. Crowdfunder , an online site offering up a platform to help startups raise money for their firms via crowd funding, is dangling $25,000 in a contest open to Los Angeles companies.

A Venture Capitalist’s Take on Investing in Cannabis

Tech.Co

The cannabis industry has been filled with innovation and investment in recent years. Do you play it safe and invest in industries with less baggage? Take a look at our interview below and decide whether or not you want to invest in cannabis. As with any regulated market, investing in cannabis comes with unique risks, but the industry will produce some massive businesses in the next 5-10 years,” said Conlon in an interview with Tech.Co.

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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

Bill doesn’t think you should over invest in them but he does believe in protecting ideas when you have a true invention and many of his companies have done so. Last night I had the great privilege to interview Bill Gross , one of the Internet’s true pioneers.

Viral Marketing And Word-of-Mouth Require Investment

Startup Professionals Musings

In addition, special offers and competition prizes may be required. Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing.

Qualcomm Invests $100K In MightyText

socalTECH

Qualcomm said it awarded the venture financing to MightyText as the top prize in the North American Regional Semi-Finals of its 2012 QPrize venture investment competition. qualcomm mighttext venture capital android qprize competition contest

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Six Tips to a Sustainable Competitive Advantage

Startup Professionals Musings

One of the toughest and yet most important questions you will be asked by savvy potential investors is “What is your sustainable competitive advantage?” Yet many entrepreneurs, maybe in their passion for their new product, gloss over this one, or even announce that they have no competition.

Your New Venture IP Portfolio Sets Investment Value

Startup Professionals Musings

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. Later, good intellectual property can be worth millions when your company valuation is set for investment purposes, or when the company is acquired or sold.

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The Very First Startup Founder You Need to Invest in is You

Both Sides of the Table

This week I wrote about obsessive and competitive founders and how this forms the basis of what I look for when I invest. I had been thinking a lot about this recently because I’m often asked the question of “what I look for in an entrepreneur when I want to invest?”

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Entrepreneurs Need to Master Competitive Selling

Startup Professionals Musings

In my own effort to keep up with the times, I just finished a new book by Landy Chase, titled “ Competitive Selling: Out-Plan, Out-Think, Out-Sell to Win Every Time.” Show them a return on investment (ROI) in their own terms. Establish the competitive playing field early.

10 Answers That Make Your Startup Plan Investable

Startup Professionals Musings

Either of these qualms can ultimately sidetrack your startup as not worthy of investment, so it pays to do your homework on what you say and how to communicate effectively. This is also the place to first mention patents and any other differentiators that put you ahead of competition.

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The Berkus Method: Valuing an Early Stage Investment.

Berkonomics

For those of us who’ve invested in early stage companies, especially technology startups, we have confronted a universal problem. There are many ways to project the value of a company for purposes of pricing an investment, but all rely upon the revenue and profit projections of the entrepreneur as a starting point. Strategic relationships (reducing market risk and competitive risk) $1/2 million.

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