Startup Professionals Musings

DECEMBER 14, 2019

Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace. That says you are competitive today, have a real barrier to entry, and the potential to remain ahead of the competition for a long time.

Competition 120

Competition Patents Resource Invest 120

Startup Professionals Musings

MAY 1, 2021

I’m fully convinced that both inspiration and perspiration are always required in a startup. Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat. Starting a business may be fun, but it’s not easy. Start even before the product is ready.

Startup 160

Startup Patents Competition Social Network 160

Startup Professionals Musings

OCTOBER 24, 2021

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.

Startup 145

Startup Patents IP Social Media 145

Startup Professionals Musings

JUNE 14, 2011

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.

Competition 102

Competition Patents Startup Social Network 102

Both Sides of the Table

OCTOBER 30, 2014

As I’ve written about recently, at Upfront Ventures we started talking a couple of years ago about wanting to fund stuff with more meaning. Did anybody hold patents that would prevent us from using this technology? I seldom hire patent attorneys during due diligence but this was too important.

Technical Review 418

Technical Review Software Review CTO Hire IP 418

Berkonomics

JULY 6, 2017

Know your market and competition, or don’t spend a dime on anything else. There was even talk of some phone companies using the patented system for serving communities of guests, not just from a single hotel. Overnight, guest use of the room cell phones dried up and hotels were left with expensive switches, phones and chargers unused.

Competition 266

Competition Research Summary Pricing 266

Startup Professionals Musings

JUNE 2, 2021

In case you hadn’t noticed, the key elements of a competitive advantage for your business have changed as businesses move online, and your domain is instantly global. As a business advisor, I have to recommend even to established companies that they review and revamp their competitive strategy now, even if it appears to be working today.

Competition 142

Competition Software Review Social Media Customer 142

Startup Professionals Musings

FEBRUARY 14, 2021

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. First to market, for example, is not normally a sustainable advantage for startups. Here are some of the key ones: Patent protection in place as a barrier to entry.

Competition 166

Competition Funding Startup Patents 166

socalTECH

OCTOBER 14, 2013

One of the startups to come out of that 3D printing revolution is Deka Sounds (www.dekasounds.com), which is based in Orange County. We caught up with founder and CEO Erik Adams to hear more about what is startup is up to, and how it''s trying to use the crowdsourcing site Indiegogo to raise money for its startup.

Startup 241

Startup Slides Orange County Design 241

Startup Professionals Musings

AUGUST 14, 2014

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. First to market, for example, is not normally a sustainable advantage for startups. Here are some of the key ones: Patent protection in place as a barrier to entry.

Competition 93

Competition Startup Patents Slides 93

Startup Professionals Musings

AUGUST 14, 2012

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.

Competition 97

Competition Patents Startup Social Network 97

Startup Professionals Musings

NOVEMBER 4, 2020

Every startup and every new business needs a unique selling proposition (USP) to get people’s attention these days, and make it stand out in the information overload we all see. I’m looking for the “hook” right up front, or I lose interest quickly, just like every customer and investor these days. Do include some quantification.

Startup 166

Startup Education Ideas Customer 166

Startup Professionals Musings

OCTOBER 29, 2010

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.” That implies competitive now, and the potential to stay in the lead.

Competition 89

Competition Patents IBM IBM 89

SoCal CTO

JULY 13, 2010

Some great content around the intersection of startups and being a Startup CTO in June this year. This continues my series of posts: Top 29 Startup Posts May 2010 Startup CTO Top 30 Posts for April 16 Great Startup Posts from March There was some really great content in June. It shows a lack of interest.

Startup 175

Startup Venture Capital Slides Blogging 175

Startup Professionals Musings

AUGUST 2, 2015

Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace. That says you are competitive today, have a real barrier to entry, and the potential to remain ahead of the competition for a long time.

Startup 118

Startup Competition Patents Resource 118

Startup Professionals Musings

JUNE 15, 2020

As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.

Competition 125

Competition Entrepreneur Patents Customer 125

Startup Professionals Musings

MARCH 17, 2023

As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.

Competition 111

Competition Entrepreneur Patents Customer 111

Startup Professionals Musings

DECEMBER 30, 2020

Thus I often recommend that before you kick off your own business, you join another startup or existing business to see how things really work. 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.

Entrepreneur 173

Entrepreneur Patents Startup Technical Review 173

Startup Professionals Musings

SEPTEMBER 13, 2014

As an investor, I always listen carefully to what an entrepreneur says, and does not say, about competition. Every business area has competition and every customer has alternatives, so a smart entrepreneur needs to acknowledge these as a positive in defining a big market, and position the features of a new solution in this context.

Competition 107

Competition Entrepreneur Patents Customer 107

Startup Professionals Musings

MAY 17, 2020

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time.

Startup 174

Startup Writing Entrepreneur Ideas 174

Startup Professionals Musings

FEBRUARY 12, 2023

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time.

Startup 124

Startup Writing Entrepreneur Ideas 124

Startup Professionals Musings

SEPTEMBER 14, 2013

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.

Startup 103

Startup Patents IP Social Media 103

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.

Competition 86

Competition Patents Startup Customer 86

Startup Professionals Musings

JANUARY 26, 2012

An "elevator pitch" is a concise, well-practiced description of your startup and your plan, delivered with conviction and enthusiasm, that your mother should be able to understand in the time it would take to ride up an elevator. How do you expect them to get excited, if your startup sounds like a dull subject to you?

Startup 113

Startup Patents Template Competition 113

socalTECH

JUNE 19, 2014

We caught up with Jeff Overall , the founder of PolarPro, to better understand the company--plus the popularity of accessories specifically for GoPro cameras. Jeff Overall: It all started back in 2011, when I was going to the University of Santa Barbara. This was when GoPro was just getting started, and becoming real popular.

Startup 196

Startup Van Nuys Patents Santa Barbara 196

Startup Professionals Musings

FEBRUARY 14, 2020

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. A partnership was announced with the City of New York, to connect and grow NYC's startup ecosystem.

Startup 124

Startup IBM IBM Examples 124

Berkonomics

AUGUST 23, 2012

There is a major trend shaping up that is worldwide, already identified by hundreds of thousands of startup and small business CEOs. Every business has an intellectual foundation where the CEO’s knowledge and vision create a barrier to entry that deflects some or much of the potential competition.

Patents 159

Patents Training Advertising Resource 159

Startup Professionals Musings

AUGUST 3, 2020

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. Start with a service you know and love. Capture your “secret sauce.”

Startup 174

Startup Training Services Writing 174

Startup Professionals Musings

MAY 18, 2013

I’m fully convinced that both inspiration and perspiration are always required in a startup. Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat. Starting a business may be fun, but it’s not easy. Start even before the product is ready.

Startup 100

Startup Patents Competition Social Network 100

Startup Professionals Musings

OCTOBER 13, 2012

New entrepreneurs who want to survive, and optimize the growth of their startups, need to think globally, and act locally, from day one. When buyers in one region start to slow down, look for buyers in other geographies to take up the slack. Balance your business between geographies. Speak the customer’s language.

Marketing 104

Marketing Startup Patents Offshore 104

Tech Zulu Event

OCTOBER 5, 2012

Music Prodigy , a Los Angeles based music education technology firm serious on improving the way people learn, play and interact with music beat over 70 startups with their app Rock Prodigy to win the Silicon Beach Awards. Beat 70 Start-ups. it’s like a video game! Practice, Right Skills & Experience.

Education 106

Education Startup Technology Patents 106

socalTECH

SEPTEMBER 24, 2014

Los Angeles-based Tilofy (www.tilofy.com)--out of USC''s Viterbi Startup Garage--is doing just that, helping to highlight what is going on around you, by absorbing all of that location data out there at any particular time and place. We spoke with Ali Khoshgozaran , founder and CEO of the company, to learn more about the startup.

USC 236

USC Southern California Organization UCLA 236

socalTECH

MARCH 31, 2014

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. Jeff Curie: I''ve been a startup guy here in Orange County for a long time. I was hired to head up strategy, marketing development, and product management.

Orange County 245

Orange County Startup News IBM 245

Startup Professionals Musings

FEBRUARY 26, 2011

If you are an entrepreneur starting a business for the first time, I recommend that you find a product concept that is already accepted and improve on it, rather than tackling that ultimate disruptive technology. It seems to me that in the startup world, imitation gets a bad rap. Of course, the first one gets the patent.

Startup 91

Startup Patents Statistics Course 91

Startup Professionals Musings

AUGUST 24, 2020

Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. But not many of us have enough savings to live for a year or more without a salary, fund the startup, and still feed the family. Get better at saying ‘no’ to your friends.

Startup 150

Startup Entrepreneur Ideas Metrics 150

socalTECH

SEPTEMBER 13, 2011

One startup, SwoopThat (www.swoopthat.com)--started by a recent college grad Jonathan Simkin --has made it much easier to buy books for student, by pulling up books based on a student's schedule. How did you come up with the web site? Jonathan Simkin: Certainly, it is extremely competitive.

UCSD 185

UCSD Course Startup Sites 185

Startup Professionals Musings

JUNE 25, 2014

Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace. That says you are competitive today, have a real barrier to entry, and the potential to remain ahead of the competition for a long time.

Entrepreneur 110

Entrepreneur Competition Patents Resource 110