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Meredith came to see me along with the CTO Marc Berte. Was there consumer demand? 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. The more we dug the more confident we became (and so did every advisor we used).

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Photo: Barry Lieberman, President and COO; Eli Aizenstat, Founder & CEO; and Rob Patrick, CTO). Barry was a lead mentor there at Chapman University's Launch Labs, and we paired up. We have a massive music catalog, because we've enabled users to access their own, on-demand streaming services. What is Beatshare?

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Ideas are not intellectual property, until they have been converted into patents, trade secrets, trademarks, or copyrights. Providing the major funding source for an early-stage startup is a totally different dimension, but it usually trumps all the items above in demanding some equity. Who will be the CEO, CFO, and CTO?

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Ideas are not intellectual property, until they have been converted into patents, trade secrets, trademarks, or copyrights. Providing the major funding source for an early-stage startup is a totally different dimension, but it usually trumps all the items above in demanding some equity. Who will be the CEO, CFO, and CTO?

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