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

Both Sides of the Table

It was a pleasure to write them myself. We talked about patents. I brought up the fact that I find many larger companies abusing the patent system to slow down smaller competitors which is actually anti competitive. His impact has even helped a small country gain admission to the United Nations. Overture (Goto.com).

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Intellectual Property – Worthless To A Startup, Priceless To A Big Dumb Company

InfoChachkie

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?”,

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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

It’s true the some VCs have started writing so many checks that they resemble stock pickers but the majority of us still have less than 10 board seats at any time and tend to go pretty deep so the result is that we care deeply about where we commit our time. Did anybody hold patents that would prevent us from using this technology?

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Address the five risks to increase your valuation.

Berkonomics

This risk can be mitigated by finding a customer willing to purchase as soon as a proven model is completed, and willing to state this in writing. And fifth: Competitive risk. Will the public respond in numbers to buy, license or rent your offering?

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7 Success Factors When Your People Are The Solution

Startup Professionals Musings

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. Capture your “secret sauce.”

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Five Startup Tips From Bill Gates

InfoChachkie

"The best way to prepare [to be a programmer] is to write programs, and to study great programs that other people have written. Bill’s advice reflects Microsoft’s hardnosed culture, which encourages internal competition and a ruthless pursuit of the truth. One Of The Most Important Startup Skills. "The " [Tweet this quote].

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10 Popular Business Strategies That Most Often Fail

Startup Professionals Musings

I believe the old adage that you don’t know what you don’t know until you try to write it down. The discipline of writing down your plan is the best way to make sure you understand how to transform your idea into a business, and how to communicate it. A business plan is for you first, not investors.

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