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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

I recommend a ten-slide pitch to start, reviewed by friends and advisors, to be expanded to a ten-to-twenty-page business plan with opportunity sizing, cost and price details, competitors, marketing and sales strategy, financial projections, and resources required. Make sure your solution is defensible and unique.

Ideas 94
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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

To be clear, I define a product specification as the technical definition of your product, to be used for development and testing purposes, with a quick business summary for context. For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” You need both to survive.

Product 169
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10 Answers That Make Your Startup Plan Investable

Startup Professionals Musings

Entrepreneurs who are looking to attract investors need to develop and pitch a plan -- preferably written -- that answers every potential investor question about your startup before it is asked. This is also the place to first mention patents and any other differentiators that put you ahead of competition.

Invest 108
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Interview with Patrick O'Neill, olloclip

socalTECH

To learn a bit more, we sat down with Patrick O'Neill , the founder of olloclip (www.olloclip.com), the developer of a popular iPhone accessory, a lens which fits directly on your iPhone. You can slide it onto the corner of your iPhone, or you can flip it over, and it you get a wide angle lens. Unscrew that, and you get a macro lens.

Patents 191
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Retro: My Favorite Blog Post on Raising VC

Both Sides of the Table

After my company was acquired by Salesforce.com I was asked to stop blogging and they took over my blog as an asset in the sale of the company. I started by trying to think I could explain my concept without having to patronize everybody with artificial PowerPoint slides. Slides, please.” My blog was wiped out. I was wrong.

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NDA Stealth Mode and Sharing Your Startup Concept

SoCal CTO

One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? You’ll refine your sales and investor pitch. Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?!

Startup 211
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NDA Stealth Mode and Sharing Your Startup Concept

SoCal CTO

One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? You’ll refine your sales and investor pitch. Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?!

Startup 198