Startup Professionals Musings

APRIL 26, 2021

Of course, you can find these elements embodied in many of the business plan templates and tools out there, such as the Business Model Canvas. No new venture can muster the resources and expertise to attack all these opportunities concurrently, so I recommend a clear and quantified focus on one to maintain credibility.

Funding 132

Funding Template Resource Competition 132

Startup Professionals Musings

JANUARY 8, 2023

Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Leading edge technology software and manufacturing require constant course corrections and iterative restarts. Don’t count on contracts and non-disclosure agreements to save you.

Software Review 114

Software Review Technical Review Outsource Development Outsource 114

Startup Professionals Musings

JUNE 3, 2020

Both have obviously been able to expand their focus and impact, based on learning from early challenges, availability of additional resources, and early success applied more broadly. Of course, these may need to be updated for cause, but it’s hard to get anywhere if you don’t have a specific destination.

Entrepreneur 126

Entrepreneur Startup Patents Resource 126

InfoChachkie

AUGUST 10, 2010

It requires you to expend your two most valuable resources, your time and your money. 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.

IP 256

IP Patents Company Companies 256

Berkonomics

MARCH 14, 2019

Of course, we are speaking of increased valuation of your company when we speak of “wealth.” Any new enterprise is at risk if there are not enough resources to get the company to breakeven, which is a proxy for stability. So, let’s examine them and mitigate them. Make you wealthy someday. The carrot and the stick.

Outsource Development 120

Outsource Development Ideas Resource Patents 120

Startup Professionals Musings

FEBRUARY 17, 2021

The same is true for filing patents, registering trademarks, and filing copyrights. Of course, not all new businesses can benefit from all these recommendations, so think carefully about what you can do, and what you can’t. Required legal fees now average $5K or less, compared with $20K or more as a minimum.

Entrepreneur 162

Entrepreneur Startup Social Media Outsource Development 162

Startup Professionals Musings

MAY 14, 2023

Of course, their answer is that the second intends to get to market faster, but every engine has limits regardless the fuel applied. Buffer your projected resource requirements. It doesn’t take a financial genius to recognize that you need to keep your burn rate low. You will make mistakes. Things will cost more than you expect.

Search Engine Optimization 103

Search Engine Optimization Outsource Development Social Media Equity 103

Berkonomics

AUGUST 10, 2017

Many of the start-ups my various angel funds have financed died a slow death, not because of poor concept but because of poor execution, wasting fixed overhead and draining the financial resources from the company coffers. It did not take long for the partner to become impatient with the relatively small size of the opportunity.

Venture Capital 243

Venture Capital Product Resource Marketing 243

Startup Professionals Musings

SEPTEMBER 24, 2018

These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.

Ideas 83

Ideas Technical Review Patents Startup 83

Startup Professionals Musings

NOVEMBER 29, 2019

Obviously, where you need to be is somewhere in the middle, and certain that you are the right person with the right resources to win. The right answer to this question is that you bring some new intellectual property to the table – like a patent or other secret sauce. Do you have the resources to build a business?

Entrepreneur 126

Entrepreneur Ideas Resource Examples 126

Startup Professionals Musings

JANUARY 6, 2023

Assemble the resources needed for the business. Elon Musk mitigated this by making his battery patents free to all. Successful entrepreneurs are always analyzing market feedback, remain agile, and are quick to make corrections or change course if things aren’t working. Commit to a higher purpose than just financial success.

Tips 80

Tips Startup Satisfaction Ideas 80

Startup Professionals Musings

APRIL 13, 2020

Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Leading edge technology software and manufacturing require constant course corrections and iterative restarts. Don’t count on contracts and non-disclosure agreements to save you.

Outsource Development 122

Outsource Development Outsource Software Review Technical Review 122

Startup Professionals Musings

SEPTEMBER 10, 2018

Value is embodied in previous success with investors, proven problem solving ability, and having built and executed a business plan with minimal resources. Key to required patents or trade secrets. In many cases, one of the co-founders may bring some work in progress that can be patented, trademarked, or copyrighted.

Equity 95

Equity Patents CTO Hire Startup 95

Startup Professionals Musings

AUGUST 19, 2020

Of course, their answer is that the second intends to get to market faster, but every engine has limits regardless the fuel applied. Buffer your projected resource requirements. It doesn’t take a financial genius to recognize that you need to keep your burn rate low. You will make mistakes. Things will cost more than you expect.

Search Engine Optimization 124

Search Engine Optimization Outsource Development Social Media Equity 124

Startup Professionals Musings

SEPTEMBER 27, 2014

These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.

Ideas 106

Ideas Entrepreneur Technical Review Patents 106

Startup Professionals Musings

APRIL 27, 2020

There are complex processes, like filing a patent, and financial tools that may be new to you, including Excel and Quickbooks. < These days, it’s easy to find comprehensive videos and online courses on the Internet to get you up to speed, but I find many entrepreneurs who are too independent and proud to look or ask for help.

Product 123

Product Startup Tips Entrepreneur 123

Both Sides of the Table

AUGUST 14, 2017

And of course we help with business development introductions and with fund raising events. Often we are asked to get involved in executive-level recruiting.

Startup 217

Startup Technical Review Equity Report 217

Startup Professionals Musings

FEBRUARY 22, 2012

No known patents filed. Maybe the solution hasn’t yet been commercialized, but a patent has been submitted by someone else, putting your idea in jeopardy. Another series of searches on Google Patents and the US Patent Office site and Free Patents Online is in order at this point. No idea is worth that.

Ideas 97

Ideas Patents Startup Google 97

Startup Professionals Musings

SEPTEMBER 11, 2016

These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney. Of course, existing patents don’t stop you from innovating, but charging ahead into a wall is no fun.

Technical Review 58

Technical Review Ideas Patents Startup 58

Startup Professionals Musings

JANUARY 14, 2011

No known patents filed. Maybe the solution hasn’t yet been commercialized, but a patent has been submitted by someone else, putting your idea in jeopardy. Another series of searches on Google Patents and the US Patent Office site and Free Patents Online is in order at this point. No idea is worth that.

Ideas 94

Ideas Patents Startup Google 94

Startup Professionals Musings

AUGUST 14, 2014

They simply don’t have the resources to keep ahead of large competitors who see initial traction and go after it. Here are some of the key ones: Patent protection in place as a barrier to entry. First to market, for example, is not normally a sustainable advantage for startups. A narrow scope doesn’t help your case either.

Competition 93

Competition Startup Patents Slides 93

Startup Professionals Musings

SEPTEMBER 14, 2015

Trademarks, copyrights and even patents can be completed online by anyone through the U.S. Patent and Trademark Office site for a few hundred dollars. They provide the targeted expertise that you may need, with the flexibility to increase or decrease resources as you learn what has to be done to scale.

Startup 108

Startup Search Engine Optimization Social Media Outsource Development 108

Startup Professionals Musings

AUGUST 4, 2014

Value is embodied in previous success with investors, proven problem-solving ability, and having built and executed a business plan with minimal resources. Key to required patents or trade secrets. In many cases, one of the co-founders may bring some work in progress that can be patented, trademarked or copyrighted.

Equity 104

Equity Patents Startup CTO Hire 104

Startup Professionals Musings

AUGUST 14, 2012

We can all argue the shortcomings and non-defensibility of patents, but these are still your best competitive protection, sustainable for twenty years. What we are looking for here is a breakthrough in technology (patented), manufacturing process, or new revenue model, that results in an order-of-magnitude cost reduction.

Competition 97

Competition Patents Startup Social Network 97

Startup Professionals Musings

AUGUST 24, 2016

Value is embodied in previous success with investors, proven problem solving ability, and having built and executed a business plan with minimal resources. Key to required patents or trade secrets. In many cases, one of the co-founders may bring some work in progress that can be patented, trademarked, or copyrighted.

Equity 62

Equity Startup Patents CTO Hire 62

Both Sides of the Table

JUNE 30, 2016

Reflexively founders want to raise as much money as they can because they figure it will give them more resources, better chances of competing and a longer runways before they have to do the often painful job of asking, yet again, for money. Amongst the most often asked questions I get from founders is, “How much money should I raise?”

Startup 292

Startup Software Review Pricing Entrepreneur 292

Startup Professionals Musings

SEPTEMBER 29, 2018

Of course, their answer is that the second intends to get to market faster, but every engine has limits regardless the fuel applied. Buffer your projected resource requirements. It doesn’t take a financial genius to recognize that you need to keep your burn rate low. You will make mistakes. Things will cost more than you expect.

Startup 89

Startup Search Engine Optimization Outsource Development Social Media 89

Startup Professionals Musings

JULY 27, 2018

Of course, you wouldn’t include this data in your customer product pitch. Patents, trade secrets, and trademarks are very attractive to investors, since these are not easily overcome by competitors. First to market” is not sustainable with normal startup resources. Business model showing costs, pricing, and margins.

Product 58

Product Slides Entrepreneur Invest 58

Startup Professionals Musings

JUNE 14, 2011

We can all argue the shortcomings and non-defensibility of patents, but these are still your best competitive protection, sustainable for twenty years. What we are looking for here is a breakthrough in technology (patented), manufacturing process, or new revenue model, that results in an order-of-magnitude cost reduction.

Competition 102

Competition Patents Startup Social Network 102

Startup Professionals Musings

NOVEMBER 11, 2013

Of course, a real entrepreneur always takes a failure as a milestone on the road to success. If you expect to seek investors, or you expect to have a sustainable competitive advantage against sleeping giants, you need to register all your patents, trademarks, copyrights, and trade secrets early. Resource requirements not understood.

Startup 100

Startup Ideas Entrepreneur Resource 100

Startup Professionals Musings

SEPTEMBER 14, 2016

Of course, their answer is that the second intends to get to market faster, but every engine has limits regardless the fuel applied. Buffer your projected resource requirements. It doesn’t take a financial genius to recognize that you need to keep your burn rate low. You will make mistakes. Things will cost more than you expect.

Startup 108

Startup Search Engine Optimization Outsource Development Social Media 108

Startup Professionals Musings

OCTOBER 1, 2012

Of course, a real entrepreneur always takes a failure as a milestone on the road to success. If you expect to seek investors, or you expect to have a sustainable competitive advantage against sleeping giants, you need to register all your patents, trademarks, copyrights, and trade secrets early. Resource requirements not understood.

Entrepreneur 109

Entrepreneur Ideas Resource Statistics 109

Startup Professionals Musings

APRIL 23, 2012

Running a new business starts with building a solid and credible business plan, working the investor funding process, and building an organization from nothing, with minimal resources. Ideas are not intellectual property, until they have been converted into patents, trade secrets, trademarks, or copyrights.

Startup 101

Startup Entrepreneur Equity CTO Hire 101

Berkonomics

MARCH 30, 2010

Many of the start-ups my various angel funds have financed died a slow death, not because of poor concept but because of poor execution, wasting fixed overhead and draining the final resources from the company coffers. . Email readers continue here.]

Venture Capital 212

Venture Capital Product Resource Marketing 212

Startup Professionals Musings

DECEMBER 23, 2013

Of course, every company needs these, in due time. In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front.

Startup 100

Startup Entrepreneur Technical Review Equity 100

Startup Professionals Musings

JULY 27, 2014

The same is true for filing patents, registering trademarks, and filing copyrights. Of course, not all new businesses can benefit from all these recommendations, so think carefully about what you can do, and what you can’t. Required legal fees now average $5K or less, compared with $20K or more as a minimum.

Entrepreneur 104

Entrepreneur Startup Social Media Commerce 104

Xconomy

MAY 30, 2016

Our wide-ranging conversation covered the progression of MIT’s entrepreneurship curriculum and campus resources , the rise of the Boston-Cambridge area as a high-tech industry powerhouse, the prospects for an MIT venture fund , the challenges for university tech transfer offices, the roots of today’s startup culture, and more.

Startup 67

Startup Compton Research Technology 67