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Professional investors laugh when they hear an entrepreneur state, “We have no competition.” The statement shows a lack of research or previous thinking that is a red flag for investors. [Email readers, continue here.] Consider the state of the economy. That statement has killed more investment deals than almost any other.
Last week, the University of Southern California 's Viterbi School of Engineering announced that it had established a new, business plan competition, the Maseeh Entrepreneurship Prize Competition ([link] specifically aimed at students in the engineering school. Why a business plan competition, and why in engineering school?
FanWide , a startup which helps users find "viewing parties" for their favorite college or pro sports teams, anywhere they live or travel, has won a the $10,000 prize in the HYPE Sports Innovation competition, held last week at the University of Southern California. Most Valuable Recruit took second place, with MaxOne placing third.
Irvine-based University Lab Partners and the SBDC @ UCI Beall Applied Innovation said this morning that the two organizations have launched a new, startup competition, which is aimed at accelerating both life sciences and technology startups. The new competition is open until June 12th.
Know your market and competition, or don’t spend a dime on anything else. Well, here is one of those, and it deals with market research first and foremost. Here’s where some intelligent market research might have saved the company and my investment. In this case, the competition was not from a company but a new technology.
Los Angeles-based XPRIZE said today that it has launched a new competition, the XPRIZE Feed the Next Billion competition. According to XPRIZE, the new competition is being supported by The Tony Robbins Foundation and The Good Food Institute, and aims to challenge teams to developing new chicken and fish alternatives.
Technology is so key to every business these days that experienced business-smart but non-tech entrepreneurs are feeling deeper and deeper in the hole. Startups succeed most often when the founding partners know how to build and run a business, rather than how to build and run technology.
Know your market and competition, or don’t spend a dime on anything else. I have stated previously that I love absolutes – statements with no wiggle room for gray-area responses. There is no competition.” Bell’s competition was the written message, doing nothing, the telegraph and old fashioned word of mouth.
The X PRIZE Foundation has detailed the plans for a new competition to develop technology to clean up crude oil, on the heels of the environmental disaster caused by BP's oil spill in the Gulf. Tags: xprize foundation spill environment clean cleantech competition. The foundation said Thursday that it is launching a new, $1.4M
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.
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.
An entrepreneur pitches using a deck with no slide for competition. We have no competition.”. Dis you really do your research? The statement shows a lack of research or previous thinking that is a red flag for us investors. We investors see this all the time. When asked (as we always do,) the response is “This is new.
Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects. One of our core tasks was “market analysis,&# which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take.
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.
The group--which was started by Richard Koffler and John Morris , two well known investors in Los Angeles--has been trying to help connect CEOs with interesting university and other technology projects. We're looking for inventors interested in commercializing and spinning out their technology into a company. Thanks for the time today.
The Grand Challenge series brings together companies developing new transportation or airspace management technologies, the Agency said. The idea is to bring companies to collaborate and also give regulatory agencies a window into the technologies and how they may work in concert to bring air mobility to the masses in the coming years.
[link] Playa Vista-based Hyperloop Transportation Technologies (HTT), the startup founded by Dirk Ahlborn and Bibop Gresta which is one of a number in the LA area focused on bringing the Hyperloop technology to market, says it has received funding worth $1.2 READ MORE>>.
Los Angeles-based XPRIZE , which runs a number of prize-based competitions for developing technology, has named eighteen teams for its $2 million, Wendy Schmidt Ocean Health XPRIZE , including two local teams. The groups will go on to submit their technology to affordably and accurately measure ocean acidification.
Los Angeles-based XPRIZE , the nonprofit which runs competitions to encourage the development of new technology to solve some of the world's problems, has put its efforts behind forest health, saying it has put together an outline of potential breakthroughs required for healthier forest ecosystems. READ MORE>>.
Despite a growing technology industry here in Southern California, local investors and entrepreneurs tell us there''s still a shortage of local, venture capital. In particular, funding for companies developing deep technology--software and cloud, as opposed to content and media--seems to be lacking.
The X Prize Foundation , the nonprofit which is managing a number of prize-based competitions to spur on scientific research and innovation, said Wednesday that it is launching a new lab program at the University of Southern Califonia Viterbi School of Engineering. READ MORE>>.
It must be understandable, written down, and verifiable, with regular measurements and metrics to make it real, benchmarked against the competition. Leaders have found that keeping everyone on top of changes in technology, competition, and customer demands is critical to success. Make your service deliver process “happy.”
Know your market and competition, or don’t spend a dime on anything else. Well, here is one of those, and it deals with market research first and foremost. But wait for the mic drop… [Email readers, continue here…] Here’s where some intelligent market research might have saved the company and my investment.
Technical entrepreneurs love their technology, and often are driven to launch a startup on the assumption that everyone will buy any solution which highlights this technology. These founders all seem to be pushing their technology, rather than highlighting their solution to a painful need. Limit the features and complexity.
Pasadena-based Evolution Robotics , the robotics technology startup backed by Idealab, said today that it has linked up with a number of retail partners on its Mint Automatic Floor Cleaner--the firm's entree into the household robot market. The robot puts the firm in direct competition with Roomba.
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. First of all, you need some convincing market research that your solution addresses a real and growing problem.
The group said that the competition--which is looking for new ways to clean up oil spills--began field testing on July 22nd, at the The National Oil Spill Response Research & Renewable Energy Test Facility in Leonardo, NJ. The X Prize Foundation said Thursday that its $1.4 READ MORE>>.
Technical entrepreneurs love their technology, and often are driven to launch a startup on the assumption that everyone will buy any solution which highlights this technology. These founders all seem to be pushing their technology, rather than highlighting their solution to a painful need.
Learn how to gain a competitive edge in winning Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) funding through our workshop series. Tuesday, June 28, 2011 -- Government Funding for Your Business. See [link] (more)
The ARPANET, as it was called back then, was designed by government, industry and academia so scientists and academics could access each other’s computing resources and trade large research files, saving time, money and travel costs. On the other hand, it has led to excess and control in a number of domains.
Drawing from the UK Seed Enterprise Investment Scheme (SEIS) experience, US Senator Chris Coons will talk about the version of the Research & Development tax credit bill he sponsored on August 8 in New York City. All engaged parties indulge in progressive research and development, which is the pillar of economic prosperity.
Bill’s advice reflects Microsoft’s hardnosed culture, which encourages internal competition and a ruthless pursuit of the truth. Unless your venture is focused on researching potential scientific breakthroughs, it is likely that your technology can be easily copied and your patents circumvented. " [Tweet this quote].
Learn how to gain a competitive edge in winning Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) funding through our workshop series.
Acording to the group--which normally runs competitions to spur development in technology--says the new group is open to the world's innovators, clinicians, researchers, data scientists, institutions, and experts, to help push breakthroughs, research, tap into a network of supports and partners, and more.
On September 5th and 6th, PortTech Los Angeles welcomes community and industry leaders, technology entrepreneurs, university researchers, and investors to PortTechEXPO 2012. See [link] (more)
On September 5th and 6th, PortTech Los Angeles welcomes community and industry leaders, technology entrepreneurs, university researchers, and investors to PortTechEXPO 2012. See [link] (more)
Early-stage investors in technology startups are only looking for growth-oriented companies that can achieve an “exit&# someday – either via selling your company to a larger company or via an IPO. while acknowledging that San Fran deals are often higher valuations due to increased competition amongst investors.
You can have the best technology, but if customers don’t know you exist, or they don’t know how your technology solves a real problem for them, your startup will fail. Yet I see many technology entrepreneurs that focus on the basics of marketing too little and too late. Marketing is everything these days. Marty Zwilling.
What all those places share is they lack the social tools and technology that you would expect in a place like Facebook. I have a degree in endocrinology, and had done research in biology, and I became interested in biotech. My first job was on Wall Street, as a biotech research associate at Lehman Brothers. READ MORE>>.
However, there is already the technology out therefrom San Luis Obispo-based Whitefox Defense (www.whitefoxdefense.com) to both detect, and neutralize those drones. We spoke with founder and CEO Luke Fox to learn more about the company, and its technology. Explain how your technology works?
We have a team of people and technology which scours the Internet, and looks for videos we like and think would be a perfect fit for our Youtube channels. We find the content they want, and we user our technology and people to service the show. Is there a lot of competition for the rights to all of that content?
[Email readers, continue here…] This moment is not to be spoiled by such mundane warnings from advisors or consultants to plan carefully, research the market and competition, and execute the plan with tenacity and enthusiasm.
I’ve been having discussions with several people recently about the role of the CTO (Chief Technology Officer) in very early stage companies. How do we need to structure the systems to get ahead and stay ahead of the competition? What technologyresearch is required? What technologies will we use? Others will not.
Prior to Tilofy, I had technical positions at Yahoo, Microsoft, and Samsung, ranging from development, to program management, to senior technology person on Samsung''s smart TV platform. Ali Khoshgozaran: Before we started the company, me and my partner had participated in the USC Viterbi startup competition. How did Tilofy come about?
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