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5 Steps To Locking In The Right New Venture Partner

Startup Professionals Musings

An excellent example is the initiative by Elon Musk and Tesla Motors a few years ago to give away their battery patents, to infrastructure and competitive car providers, without transactional agreements. FabLab s is an example of a new class of facilities for entrepreneurs to start experimenting early. Not everything will work.

IBM 131
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Financing with grants, not equity or debt

Berkonomics

First, an example of grant-based financing . I was chairman of a company that, for twelve years never took a dollar of outside investment. The company was funded entirely by grants from the National Institute of Health, amounting to millions of non-dilutive dollars in all. The effort to write a grant request is not trivial.

Equity 156
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9 Strategies For Implementing An Innovative Business

Startup Professionals Musings

For example, no one predicted that Howard Schultz could take the simple idea of a better coffee experience called Starbucks, and innovate it into a successful chain of almost 34,000 shops in 80 countries. Developing the ideal product the first time around is unlikely, high risk, and very expensive in today’s chaotic market.

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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.

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5 Ways To Make Innovation A Priority In Your Business

Startup Professionals Musings

For example, BlackBerry was really the first in the smart mobile phone market, but they never thought beyond their tiny physical keyboard as they added new features. Yet I believe it is possible, and even more fun, to challenge your thinking and practices, to develop that innovative mindset that can keep you on the forefront of business.

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10 Marketing Strategies To Drive Exponential Growth

Startup Professionals Musings

For example, I usually hear about an aggressive marketing budget, with a plan to penetrate a few big retail chains, and some videos to catch your attention on YouTube. Examples include the Nike Run Club app where people participate in challenges and win trophies. Offer an alliance with competitors to expand the market.

Marketing 170
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5 Strategies For Startup Partnering To Win Long Term

Startup Professionals Musings

An excellent example is the initiative by Elon Musk and Tesla Motors a few years ago to give away their battery patents, to infrastructure and competitive car providers, without transactional agreements. FabLab s is an example of a new class of facilities for entrepreneurs to start experimenting early. Not everything will work.

Startup 124