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7 Ways Investors Assess Your Focus As An Entrepreneur

Startup Professionals Musings

In addition to personal focus, I find that the best entrepreneurs build and demand a culture of focus and excellence in their team, their investors, and even their advisors. Every investor will tell you that they invest in the person, more than the product, because they have learned that people with focus find success.

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Every New Venture Needs A Product And A Business Plan

Startup Professionals Musings

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. Because the product plan is aimed internally, it can assume the reader has the relevant technology and jargon background. Technology, architecture, and feature descriptions.

Product 112
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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Be sure to include this in your “elevator pitch,” which you must always deliver as a prelude to your technology features. Professional investors and even customers invest in people, rather than just a product.

Product 169
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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

The practical uses for uBeam technology is limitless. 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. This kicked off a frantic process of discovery for me personally. Was it safe?

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10 Key Business Founder Checks Needed Before The Plan

Startup Professionals Musings

You may dream of developing a new silicon chip technology, but a bit of research should tell you that most disruptive solutions take billions in investment, and more time than you can afford for acceptance. You need intellectual property , such as a patent, trade secret, or process expertise that will be a barrier that you can defend.

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6 Success Stages Every Entrepreneur Idea Has To Pass

Startup Professionals Musings

Look hard at the technology for feasibility and risk. File at least a provisional patent and one or more trademarks. Be wary of crafty shysters who will flood your mailbox with official-looking mail offering to help for a fee, or demanding fees you forgot to pay. Keep thieves away (protect it). Make ‘em want it bad (pitch it).

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