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Tapping The Power Of The Crowd For Ideas, Advice and Funding, with JumpStartFund

socalTECH

Can tapping the power of the crowd not only help you find customers and help fund your project, but also help you shape your startup idea and find funding? We offer up those ideas and patents to any user on the Internet, and they can sign up on the site to work with the entrepreneur on the idea. and NASA, as well as universities.

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5 Keys To An Unbeatable Solution For Your New Startup

Startup Professionals Musings

Major innovation, with major payback, requires real change, addresses a major pain point, and hits a large customer segment who can pay. I do recommend non-disclosures and patents, but more can be gained than lost by talking to outside experts. For example, smart entrepreneurs look for recognizable patterns in disconnected domains.

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Decoding Signal From Noise For Wall Street, With Bitvore

socalTECH

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. It''s about as complicated as Google Adwords.

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Products vs Services – Critical Success Factors

Startup Professionals Musings

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. Obviously we can find many critical success factors, like finding and retaining high-value customers, which apply to companies that are product centric or services centric.

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Scaling a Business by Cloning Yourself is Tough

Startup Professionals Musings

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. Obviously we can find many critical success factors, like finding and retaining high-value customers, which apply to companies that are product centric or services centric.

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Imitation With Innovation Reduces Risk in Startups

Startup Professionals Musings

Statistically, the costs to the first inventor of a new technology are at least a third higher than to follow-on innovators in the same technology. 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.

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Innovation to an Existing Business Can Limit Risk

Startup Professionals Musings

Statistically, the costs to the first inventor of a new technology are at least a third higher than to follow-on innovators in the same technology. 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.