Startup Professionals Musings
OCTOBER 27, 2014
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition).
Startup Professionals Musings
DECEMBER 13, 2012
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. This patent holding company has charged infringement and demanded royalties from every app developer for the iPhone and Android, for a feature most agree has been in apps for many years.
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Startup Professionals Musings
APRIL 11, 2021
I’m not suggesting that every startup needs a lawyer, but you should definitely pay attention, and not be afraid to consult legal counsel if any of these raise qualms for you. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share.
Startup Professionals Musings
MARCH 3, 2023
Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. This section of the plan would include the definition of specific test processes, how results will be measured, and who has responsibility for execution and approval.
Berkonomics
MARCH 5, 2020
If there are high barriers to entry with such protections as patents, long development time already spent or contracts with the major potential customers, then the risk of a competitor with more resources jumping into the frothy pool and taking advantage of the demand created by the company is minimized. And fifth: Competitive risk. .
Startup Professionals Musings
MAY 31, 2020
Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. This section of the plan would include the definition of specific test processes, how results will be measured, and who has responsibility for execution and approval.
Startup Professionals Musings
AUGUST 7, 2013
I’m not suggesting that every startup needs a lawyer, but you should definitely pay attention, and not be afraid to consult legal counsel if any of these raise qualms for you. Later, when your venture is trying to close on financing, or even going public, that forgotten partner surfaces, demanding their original share.
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