Startup Professionals Musings
DECEMBER 30, 2020
In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts , or basic business realities. It starts with documenting and communicating a real purpose and mission in terms everyone can get excited about.
Startup Professionals Musings
DECEMBER 18, 2022
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Don’t send investors documents and notes that would be rejected by any high-school teacher.
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InfoChachkie
AUGUST 10, 2010
Patents held by startups generally have a limited ability to reduce competition. The average time required to obtain a patent is 36-to-40 months, during which there is no guarantee your adVenture will ultimately receive patent protection. Even if you are granted a patent, the scope of your claims may be significantly denuded.
Startup Professionals Musings
MARCH 21, 2020
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Don’t send investors documents and notes that would be rejected by any high-school teacher.
Startup Professionals Musings
DECEMBER 29, 2017
They seem shocked to learn that most professional investors and advisors, myself included, routinely decline such requests, due to costly litigation and administrative nightmares. Get an NDA before detailed patent disclosures. Some entrepreneurs avoid the patent process, since patent details become public once a patent is issued.
Startup Professionals Musings
NOVEMBER 4, 2019
Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there.
Startup Professionals Musings
SEPTEMBER 24, 2014
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Don’t send investors documents and notes that would be rejected by any high-school teacher.
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