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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.
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.
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 socialnetworks, 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 socialnetworking 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.
The most common proposals I hear are for yet another socialnetworking 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.
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.
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.
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 socialnetworks, 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 socialnetworking 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.
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.
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 socialnetworks, while users expect to join both for free. It’s hard to invent and patent more “scientific” methods on how to match people.
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 socialnetworking 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 socialnetworking sites, and new matchmaking sites. Think seriously about the number and clout of your competitors. Operational risk.
Reserve the company name on socialnetworks 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.
The most common proposals I hear are for yet another socialnetworking site ( over 200 active ), or another dating site (over 2500 in the US alone). Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Accountability.
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 socialnetworking sites, and new matchmaking sites. Think seriously about the number and clout of your competitors. Operational risk.
The most common proposals I hear are for yet another socialnetworking site ( over 200 exist ), or another dating site (over 2500 in the US alone). Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Accountability.
Reserve the company name on socialnetworks 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.
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.” Funding for pre-revenue startups used to be the domain of angel investors, but they have moved up-stage. Register some intellectual property.
Reserve the company name on socialnetworks 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.
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.” Funding for pre-revenue startups used to be the domain of angel investors, but they have moved up-stage. Register some intellectual property.
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.” Funding for pre-revenue startups used to be the domain of angel investors, but they have moved up-stage. Register some intellectual property.
Here are a few of the 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 socialnetworks, while users expect to join both for free. Socialnetworks and search engines.
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.” Funding for pre-revenue startups used to be the domain of angel investors, but they have moved up-stage. Register some intellectual property.
They want a means of representing themselves that is animated, and changeable, and actively communicates in places like MySpace, Facebook, and other socialnetworks. One problem with other avatar technology, is that in most competitive cases what people are doing is using a standard head model and trying to apply a face to that model.
Through the RAY VISION app, the user can manage communication, digital services and socialnetworking, through simple gestures, haptic feedback, adhesive tags, voice recognition, and more. Tapping into a niche community is part of Quirktastic Media’s competitive advantage. Price: $1.99 Quirktastic Media (Durham, NC).
Why Lawyers Don’t Run Startups - Steve Blank , May 27, 2010 Startups need to have a great lawyer, accountant, patent attorney, etc. No One Wins In Business Plan Competitions - Steve Blank , May 17, 2010 Last week one of the schools I teach at invited me to judge a business plan contest. It's a great talk.
There was no viral socialnetworking products back then like Twitter where people could easily discover your content. Distributed version control model – first in the industry like ours and we are filing patents. Page 3: Competition. I hadn’t thought about the fact that he would become aware of my link.
According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.
According to a recent MIT study , only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.
According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.
According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.
According to a recent MIT study , only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.
According to an MIT study a while back, only about 10% of patents granted in the United States have any meaningful commercial importance and less than one percent are of seminal importance. Nearly all new businesses aspiring to reach meaningful scale require some sort of outside funding to finance a competitive growth trajectory.
The hot term these days is “viral marketing”, meaning we won’t do any marketing, but our product is so great that everyone will know about us anyway by word of mouth and through Internet socialnetworks. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage.
The hot term these days is “viral marketing”, meaning we won’t do any marketing, but our product is so great that everyone will know about us anyway by word of mouth and through Internet socialnetworks. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage.
The hot term these days is “viral marketing”, meaning we won’t do any marketing, but our product is so great that everyone will know about us anyway by word of mouth and through Internet socialnetworks. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage.
The hot term these days is “viral marketing”, meaning we won’t do any marketing, but our product is so great that everyone will know about us anyway by word of mouth and through Internet socialnetworks. That’s probably the soft way of saying, we don’t have a patent or any “secret sauce” for a competitive advantage.
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