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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?” Yet many entrepreneurs, maybe in their passion for their new product, gloss over this one, or even announce that they have no competition. Strong focus and differentiation.
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?” Yet many entrepreneurs, maybe in their passion for their new product, gloss over this one, or even announce that they have no competition. Strong focus and differentiation.
The faceoff between Emulex and Broadcom is heating up today, as Costa Mesa-based Emulex , a maker of storage area networking hardware, said Monday afternoon that it has filed a lawsuit against Irvein-based Broadcom. Tags: emulex broadcom legal lawsuit patent hardawre.
Love that sustainable competitive advantage. Working on that unique design, or completing the breakthrough for an innovative patent, are moments of inspiration that you will never forget, especially if they become your competitive edge. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible.
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.
The most common proposals I hear are for yet another social networking site ( 200 on Wikipedia ), or another dating site/app ( over 1500 in the USA ). Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Accountability.
Our initial apps have been around distribution automation or distribution monitoring, such as monitoring distribution lines and figuring out when they go down, particularly in areas not covered by cellular or other wireless networks, and which are hard to reach. Lots of vendors are looking at cell phone networks as being nearly ubiquitous.
Here are six key reasons, from a business perspective: Direct competition is huge. So sites have to invest heavily in viral marketing to achieve critical mass, which competes with current social networks, while users expect to join both for free. It’s hard to invent and patent more “scientific” methods on how to match people.
The most common proposals I hear are for yet another social networking site ( 200 on Wikipedia ), or another dating site/app ( over 1500 in the USA ). Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Accountability.
Use it in every networking situation and business conference introduction. For example, “I just patented a new cell-phone technology that will double battery life for half the cost. Unlike [competition], we [differentiation].” Present a sustainable competitive advantage. I need your help in getting it to market.”
Ali Khoshgozaran: Before we started the company, me and my partner had participated in the USC Viterbi startup competition. About 100 teams participated in that competition, and 10 teams were selected to be part of USC''s Viterbi Startup Garage program. How did Tilofy come about?
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.
(www.pitchtheangels.com) Join Tech Coast Angels members and other start up investors at the 5th Annual Los Angeles Fast Pitch Competition. Fast Pitch Los Angeles is one of the best start up networking events of the year. Pixelgate.net (www.pixelgate.net) - Internet Access, Web Hosting, Network Services. Don't miss it!
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. Proven team with inside relationships.
Love that sustainable competitive advantage. Working on that unique design, or completing the breakthrough for an innovative patent, are moments of inspiration that you will never forget, especially if they become your competitive edge. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible.
Initiate networking to find peer partners and investors. Universities have the links you need to patent attorneys, prototyping companies, investment groups, as well as a wealth of peer talent to round out your team and share the work. Write a business plan and pitch deck for learning.
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.
Love that sustainable competitive advantage. Working on that unique design, or completing the breakthrough for an innovative patent, are moments of inspiration that you will never forget, especially if they become your competitive edge. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible.
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.
Hydrogen is a great fuel for cars, but who builds the network of service stations, upgrades vehicle engines, and implements safety regulations? Is it competitive to the current alternatives? File a provisional patent as a place holder, a full patent, trademark, copyright, or all of the above. Is someone ahead of you?
Hydrogen is a great fuel for cars, but who builds the network of service stations, upgrades vehicle engines, and implements safety regulations? Is it competitive to the current alternatives? File a provisional patent as a place holder, a full patent, trademark, copyright, or all of the above. Is someone ahead of you?
Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. They have connections to industry associations and entrepreneur organizations that can kick-start your networking efforts, both locally and globally.
Love that sustainable competitive advantage. Working on that unique design, or completing the breakthrough for an innovative patent, are moments of inspiration that you will never forget, especially if they become your competitive edge. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible.
Of course, previous successes provide more direct evidence of a network of the right people. Registered patents and other intellectual property. From an investor perspective, understanding and acting early to establish a sustainable competitive advantage, and barrier to entry, is the best assurance of a financial return.
The most common proposals I hear are for yet another social networking site ( over 200 active ), or another dating site (now over 2500 in the US alone). Creating intellectual property, including patents, is the key to long-term value and a sustainable competitive advantage. Accountability. Observe and measure. Marty Zwilling.
Use it in every networking situation and business conference introduction. Who is your competition? Successful competition is a positive - they are proof your business model and/or concept work. What is your competitive advantage? This could be a patent, key partners, domain expertise, or a better distribution channel.
Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. I find the best business plans are not books, but may actually should start as a one-page “elevator pitch” that succinctly encompasses your business goals, problems and solution, opportunity, competition, and business model.
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.
Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. They have connections to industry associations and entrepreneur organizations that can kick-start your networking efforts, both locally and globally.
Of course, previous successes provide more direct evidence of a network of the right people. Registered patents and other intellectual property. From an investor perspective, understanding and acting early to establish a sustainable competitive advantage, and barrier to entry, is the best assurance of a financial return.
Here are six key reasons, from a business perspective: Direct competition is huge. So sites have to invest heavily in viral marketing to achieve critical mass, which competes with current social networks, while users expect to join both for free. It’s hard to invent and patent more “scientific” methods on how to match people.
For example, we support promotions for Sony movies, a combination of database and telecom work for interactive TV shows like the Price is Right, Deal or No Deal, the Game Show Network, and I'm A Celebrity Get Me Out Of Here. Our headquarters is in Los Angeles, with VoIP, telecom, and network operations in Chicago--but Los Angeles is our home.
Of course, previous successes provide more direct evidence of a network of the right people. Registered patents and other intellectual property. From an investor perspective, understanding and acting early to establish a sustainable competitive advantage, and barrier to entry, is the best assurance of a financial return.
Find out if something very similar is already selling, and who your competition would be if you proceed. File at least a provisional patent and one or more trademarks. Attend trade shows and network to find the right players and pitch your product. Now get real (cook it). Look hard at the technology for feasibility and risk.
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.
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. We''re looking for lighting bolts in time which are important. It''s designed for business people. That''s the unique nature of this technology.
For example, “I have patented a new tire that will double the wear mileage at half the cost.” Describe technology and features, not competitiveness. You should also deliver it at the beginning of every networking opportunity, and train your team to do the same. Too much technology and too many features can scare off both.
Also, be sure to evaluate the veracity of the startup alumni network – look for examples in which alumni assisted startups as advisors, investors, etc. Ask: How many patents were filed by students and faculty during each of the past five years? Is there a venture competition with cash prizes?
Here are six key reasons, from a business perspective: Direct competition is huge. So sites have to invest heavily in viral marketing to achieve critical mass, which competes with current social networks, while users expect to join both for free. It’s hard to invent and patent more “scientific” methods on how to match people.
But many entrepreneurs don’t realize that Angels are also extremely discerning in the projects that they will invest in, rejecting approximately 97% of the proposals submitted to them, according to the California Investment Network. Reserve the company name on social networks to protect it. Define some intellectual property.
Competitive risk. Even in an open space, you need intellectual property, like patents, to keep potential competitors from overrunning you. On the Internet, I would add new social networking sites, and new matchmaking sites. Think seriously about the number and clout of your competitors. Operational risk.
Competitive risk. Even in an open space, you need intellectual property, like patents, to keep potential competitors from overrunning you. On the Internet, I would add new social networking sites, and new matchmaking sites. Think seriously about the number and clout of your competitors. Operational risk.
Find out if something very similar is already selling, and who your competition would be if you proceed. File at least a provisional patent and one or more trademarks. Attend trade shows and network to find the right players and pitch your product. Now get real (cook it). Look hard at the technology for feasibility and risk.
Reserve the company name on social networks to protect it. File a patent and trademarks to show real intellectual property. Having a defensible competitive advantage or “barrier to entry” is another critical step to funding, and another common stumbling block during all phases of the funding process. Free trials don’t count.
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