Berkonomics

MAY 8, 2014

The company has created a product that can be delivered as a service to medical clinicians anywhere in the world, enhancing their ability to understand their patents’ problems and needs in less time, using the expertise built into an expert system created by the best minds in many medical specialties.

Company 166

Company Companies Writing Education 166

Startup Professionals Musings

MAY 16, 2020

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer.

Satisfaction 174

Satisfaction Customer Custom Outsource 174

Startup Professionals Musings

AUGUST 24, 2016

So the first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90% of the equity. The value in a startup is all about tangible results, so I see no equity value in the idea alone. Key to required patents or trade secrets.

Equity 62

Equity Startup Patents CTO Hire 62

Startup Professionals Musings

AUGUST 4, 2014

The first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90 percent of the equity. The value in a startup is all about tangible results, so there is no equity value in the idea alone. Key to required patents or trade secrets.

Equity 104

Equity Patents Startup CTO Hire 104

Startup Professionals Musings

MAY 22, 2020

Most founders like to talk about their many months or years of sweat-equity , but cash invested is a stronger commitment. Is there a real customer willing to give a testimonial? Don’t be sidetracked by potential customers in the middle of a free trial, or friends of the founder.

Technical Review 174

Technical Review Startup Invest Patents 174

Startup Professionals Musings

AUGUST 8, 2020

In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. Market research can thus be based on real customers and a previously tested market. Timing is critical, as well as focus on marketing and customer satisfaction. Martin Zwilling.

Startup 157

Startup Social Media Study Research 157

socalTECH

MARCH 31, 2014

We''re rolling it out to finance and Wall Street, monitoring thousands of sources of continuously changing information, such as news, social media, internal email systems, and analyzing specific, material conditions that our customers are looking for. To give you an overview, there are something like 6,000 equities in the U.S.

Orange County 245

Orange County Startup News IBM 245

Startup Professionals Musings

APRIL 26, 2021

But in addition I’ve always found it helpful to provide a simple checklist for new venture founders and new business owners to make sure they have covered all the key bases correctly, including the following: Define and focus on a single customer segment. Quantify your value proposition for customers.

Funding 132

Funding Template Resource Competition 132

Startup Professionals Musings

OCTOBER 19, 2015

In fact, an entrepreneur friend of mine, who made millions on her marketing expertise, asserted recently that most inventors fail in business because they refuse to believe that any business expertise or experience is worth more than 5 percent in partner equity. Patents are not worth the effort, since big companies will win.

Technical Review 102

Technical Review Patents Entrepreneur Customer 102

Startup Professionals Musings

JUNE 2, 2021

I like the summary of the competitive reality in a new book, “ Rethinking Competitive Advantage: New Rules for the Digital Age ,” by Ram Charan, who relates a wealth of current experience from global clients: Customers expect a personalized experience. Features, availability, and brand are just the price of entry.

Competition 142

Competition Software Review Social Media Customer 142

Startup Professionals Musings

FEBRUARY 11, 2023

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer.

Startup 118

Startup Satisfaction Customer Custom 118

Startup Professionals Musings

APRIL 29, 2012

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. Truly satisfied customers are a joy to every business person. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible. A business model that works.

Entrepreneur 102

Entrepreneur Patents Startup Ideas 102

Startup Professionals Musings

JUNE 26, 2015

I see too many executive summaries that are simply heavy-duty customer pitches, or lightweight visions of the future. " Investors want to buy into an entrepreneur with a startup that can provide evidence of an ability to double customer productivity, at half the cost, with patented technology.

Summary 101

Summary Patents Technical Review Competition 101

Startup Professionals Musings

MAY 18, 2013

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. Truly satisfied customers are a joy to every business person. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible. A business model that works.

Startup 100

Startup Patents Competition Social Network 100

Startup Professionals Musings

FEBRUARY 13, 2016

Investors want to hear about customers with money who have a painful problem that you can solve now. Investors are looking for a concise description of your product or service without technical jargon or fuzzy marketing terms with value quantified in customer terms. How big is the funding request, and how much equity will you give?

Invest 108

Invest Startup Slides Equity 108

Startup Professionals Musings

SEPTEMBER 22, 2011

Yet, according to many sources , over 90 percent of all businesses are started and grown with no equity financing, and many others would have been better off without it. In fact, most of the rich entrepreneurs you know actively turned away early equity proposals. Of course, every company needs these, in due time. You need a prototype.

Entrepreneur 102

Entrepreneur Technical Review Startup Equity 102

Startup Professionals Musings

DECEMBER 23, 2013

Yet, according to many sources , over 90 percent of all businesses are started and grown with no equity financing, and many others would have been better off without it. In fact, most of the rich entrepreneurs you know actively turned away early equity proposals. Of course, every company needs these, in due time. You need a prototype.

Entrepreneur 100

Entrepreneur Startup Technical Review Equity 100

Startup Professionals Musings

MARCH 18, 2012

Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. Listens before answering questions. Networked and connected.

Entrepreneur 117

Entrepreneur Technical Review Course Patents 117

Startup Professionals Musings

FEBRUARY 26, 2011

Of course, the first one gets the patent. But patent disclosure requirements often make imitation easier, and smart technologists can work around most patents anyway. Market research is more meaningful if there is already a market and real customers. Learn from competitors and early adopters. Easier to find investors.

Startup 91

Startup Patents Statistics Course 91

Startup Professionals Musings

JANUARY 16, 2015

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer.

Satisfaction 101

Satisfaction Entrepreneur Customer Custom 101

SoCal CTO

MARCH 4, 2010

CTO Founder – Direct responsibility for technical direction and development, sometimes operations, implies greater authority on product and company direction and higher equity position. Labels and Structure One of the more interesting questions is what this ends up being called and how it gets structured.

Technical Review 170

Technical Review Technical Advisors CTO Coach Startup 170

Startup Professionals Musings

NOVEMBER 13, 2012

Yet, according to many sources , over 90 percent of all businesses are started and grown with no equity financing, and many others would have been better off without it. In fact, most of the rich entrepreneurs you know actively turned away early equity proposals. Of course, every company needs these, in due time. You need a prototype.

Technical Review 95

Technical Review Startup Equity Entrepreneur 95

Startup Professionals Musings

APRIL 22, 2013

Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. Listens before answering questions. Networked and connected.

Technical Review 109

Technical Review Entrepreneur Course Patents 109

Startup Professionals Musings

APRIL 30, 2012

This is the origin of the “solution looking for a problem” and “if we build it, they will come” syndromes, which result in surprise and frustration waiting for funding, and waiting for customers that don’t materialize. Business strategy allows you to change customer perceptions and responses to your product or service offerings.

Startup 99

Startup Competition IP Patents 99

Startup Professionals Musings

MAY 30, 2012

Of course, the first one gets the patent. But patent disclosure requirements often make imitation easier, and smart technologists can work around most patents anyway. Market research is more meaningful if there is already a market and real customers. Learn from competitors and early adopters. Easier to find investors.

Patents 84

Patents Startup Statistics Course 84

Startup Professionals Musings

NOVEMBER 12, 2010

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. Truly satisfied customers are a joy to every business person. Incorporate, register your domain name, trademarks, and copyrights, then patent if possible. A business model that works.

Startup 88

Startup Patents Competition Social Network 88

Startup Professionals Musings

MAY 30, 2020

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. Every startup needs to start their funding search looking for grants, with no equity dilution, as well as contests and foundations.

Class 124

Class Startup Resource Mentor 124

Startup Professionals Musings

JULY 30, 2014

In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. Market research can thus be based on real customers and a previously tested market. Timing is critical, as well as a focus on marketing and customer satisfaction.

Technology 103

Technology Entrepreneur Study Research 103

Startup Professionals Musings

AUGUST 27, 2012

Here is how and why it works, including a customer-centric quantification of the benefits. Describe your technology patents and “secret sauce”. Define the characteristics of the overall industry, market forces, market dynamics, and customer landscape. Explain how you will make money and who pays you (real customer).

Slides 99

Slides Competition Sample Sales 99

Startup Professionals Musings

NOVEMBER 9, 2010

This is the origin of the “ solution looking for a problem ” and “ if we build it, they will come ” syndromes, which result in surprise and frustration waiting for funding, and waiting for customers that don’t materialize. Business strategy allows you to change customer perceptions and responses to your product or service offerings.

Startup 92

Startup Competition IP Patents 92

Startup Professionals Musings

MAY 19, 2010

Here is how and why it works, including a customer-centric quantification of the benefits. Describe your technology patents and “secret sauce”. Define the characteristics of the overall industry, market forces, market dynamics, and customer landscape. Explain how you will make money and who pays you (real customer).

Slides 94

Slides Competition Sample Sales 94

Startup Professionals Musings

SEPTEMBER 30, 2013

For a business, you must define the absolute minimum features you need to satisfy the customer problem, and test it in the market. By using a laser focused approach for the first iteration, you may actually produce something and get a customer without funding. Get a real customer and real revenue. Show personal investment.

Funding 112

Funding Entrepreneur Startup CTO Hire 112

Startup Professionals Musings

JUNE 10, 2011

Here is how and why it works, including a customer-centric quantification of the benefits. Describe your technology patents and “secret sauce”. Define the characteristics of the overall industry, market forces, market dynamics, and customer landscape. Explain how you will make money and who pays you (real customer).

Slides 93

Slides Competition Sample Sales 93

Startup Professionals Musings

APRIL 8, 2015

Most founders like to talk about their many months or years of sweat-equity , but cash invested is a stronger commitment. Is there a real customer willing to give a testimonial? Don’t be sidetracked by potential customers in the middle of a free trial, or friends of the founder.

Technical Review 103

Technical Review Invest Startup Patents 103

Startup Professionals Musings

OCTOBER 27, 2010

Successful entrepreneurs already have a visible network of trusted suppliers, potential customers, partners, and even investors. Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. Listens before answering questions. Networked and connected.

Entrepreneur 96

Entrepreneur Angel Technical Review Course 96

Tech Coast Venture Network

FEBRUARY 22, 2010

Two Basic Colors – Debt (borrow) and Equity (buy). Planning Process – Use both external factors (industry, market, customers, vendors, regulators, competitors) plus internal factors (mission, vision, product features & benefits, cost structure) to develop functional plans: Design, Make, Market, Sell, and Account.

Design 100

Design Resource Metrics Patents 100

Startup Professionals Musings

FEBRUARY 27, 2023

Most universities have a file of patents from project work that they are willing to license to any entrepreneur for business commercialization, with little or no cost up front. Every startup needs to start their funding search looking for grants, with no equity dilution, as well as contests and foundations.

Entrepreneur 110

Entrepreneur Class Startup Resource 110