Are you wasting money filing patents?

Berkonomics

But only recently did I read a clear document on the risks and rewards of patent strategy. Thanks to Russ Krajec, a patent attorney, for the quick improvement in my education, here are some important points to consider when thinking of your patent strategy.

OnGreen Launches Patent Marketplace

socalTECH

Pasadena-based OnGreen , the online marketplace for green and clean technology businesses, said today that it has launched a new, patent marketplace focused on allowing users to license or sell their intellectual property (IP). According to OnGreen, the new marketplace will provide additional funding avenues for entrepreneurs. OnGreen said the patent exchange will focus on promoting the sale and licensing of green and clean technology patents and other form of IP.

NewEgg's Quest Against A Patent Troll

socalTECH

Even fewer might not be aware that they might just owe some thanks to the firm, after it scored a patent win against a so-called "patent troll" which was plaguing dozens of online retailers, demanding licensing terms for using shopping card technology it said it owned the rights to.

NewEgg 201

The Good, The Bad, And The Ugly Of Software Patents

Startup Professionals Musings

I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. Yes, the software patent process is a mess. I say this with conviction even after I survived the process, and have a software patent pending.

Software Patents Have Become a Startup Nightmare

Startup Professionals Musings

I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. Yes, the software patent process is a mess. I say this with conviction even after I survived the process, and have a software patent pending.

Getting A Software Patent Is Valuable But Frustrating

Startup Professionals Musings

For a software startup, a patent can be the intellectual property providing the key competitive advantage, or it can be an expensive non-defensible bureaucratic nightmare -- or both. Some argue to simply eliminate software patents, while others put their hopes in U.S.

First Time Entrepreneur Workshop 6/22/19

SoCal Tech Calendar

Saturday, June 22, 2019 -- LAVA First Time Entrepreneur Workshop. LAVA is extremely pleased to announce its next First Time Entrepreneur training program. The program is open to entrepreneurs that are starting companies in areas that are likely to draw venture capital investment. The program is not open to service providers. You are encouraged to apply today for one of the 25 slots open in our workshop.

LAVA 100

Software Patents are Becoming a Tax on Innovation

Startup Professionals Musings

I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. Yes, the software patent process is a mess. I say this with conviction even after I survived the process, and have a software patent pending.

6 Powerful Drivers Shared By Successful Entrepreneurs

Startup Professionals Musings

In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. He makes a convincing argument that the best leaders and entrepreneurs follow their intrinsic rather than extrinsic motivations.

First Time Entrepreneurs Workshop

SoCal Tech Calendar

Saturday, January 21, 2017 -- First Time Entrepreneurs Workshop. At the workshop you will learn how to: Determine the value of your company, put together a capitalization table, understand how VCs screen potential investments, understand the differences between trademarks, copyrights and patents and when you need them, work with co-founders, and network at startup events -- the right way.

LAVA 100

Meet Martha Harper, The Social Entrepreneur Who Perfected The Franchise Business Model

InfoChachkie

In addition to creating a franchise chain which exceeded 500 locations at its peak, Martha Harper was also one of the world’s first social entrepreneurs, helping thousands of middle-class women create their own businesses and control their destinies. Entrepreneur Innovator Stories

Class 130

Entrepreneurs Need To Reality Check Their Ideas

Startup Professionals Musings

In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind?

Ideas 126

7 Tips To Test Your Idea As A Part-Time Entrepreneur

Startup Professionals Musings

Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. Thus I often recommend that entrepreneurs keep their day job until the startup is producing revenue.

Ideas 120

This Immigrant Entrepreneur Launched Her Billion Dollar Empire, Despite Speaking No English

InfoChachkie

Ida wasn’t even the first modern-day entrepreneur to offer women brassieres. In 1917, Mary Phelps Jacobs was granted patent 1,115,674 , which states, “This invention relates to improvements in brassieres.” (sic). Entrepreneur Launching Venture

How Great Entrepreneurs Spell Continuous Innovation

Startup Professionals Musings

As a startup investor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. An entrepreneur looking for a sure thing will never innovate. corporate entrepreneur innovation startup

What Entrepreneurs Should Never Say To Investors

Startup Professionals Musings

How an entrepreneur answers this question speaks volumes about their knowledge of business realities, customers, confidence, and their ability to handle investor funding. I look for entrepreneurs that can sell themselves and their offering to discerning customers.

10 Entrepreneur Approaches That Turn Off Investors

Startup Professionals Musings

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. They only want a quick overview of the product, not detailed features and patent secrets.

Inventor Entrepreneurs May Be The Rare Exception

Startup Professionals Musings

In my experience, inventors and technologists arent interested or arent very good at building a business, and entrepreneurs arent usually good scientists. Historically, its also not often that a good inventor was also a good entrepreneur.

6 Top Motivations That Drive The Best Entrepreneurs

Startup Professionals Musings

In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. He makes a convincing argument that the best leaders and entrepreneurs follow their intrinsic rather than extrinsic motivations.

Investors Measure Entrepreneurs By Cashflow Mileage

Startup Professionals Musings

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cashflow personally every day.

10 Keys To Delivering Innovation As An Entrepreneur

Startup Professionals Musings

As a startup investor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. An entrepreneur looking for a sure thing will never innovate. best entrepreneurs innovation Robert F.

Technical Entrepreneurs Often Fail By Early Adopters

Startup Professionals Musings

Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. Moore, “ Crossing the Chasm ,” but most entrepreneurs don’t realize how much it relates to them.

Are You An Inventor Or An Entrepreneur, Or Both?

Startup Professionals Musings

Most of the technologists I know inherently believe that the terms inventor and entrepreneur mean the same thing, so they are frustrated and surprised when they build their products and no business evolves. The passion of a good entrepreneur is contagious to the team, investors and customers.

Smart Entrepreneurs Don’t Need Disruptive Technology

Startup Professionals Musings

In addition, we all know that patent disclosure rules often facilitate legal reverse engineering, and innovation at this point is now much cheaper. business disruptive technology entrepreneur innovation startup

Freelancers Are The New Entrepreneurs For Services

Startup Professionals Musings

You don’t need to invent an innovative product to be a real entrepreneur. Many of these new entrepreneurs were regular employees a few years ago, focused on a skill specialty. We are becoming a society of entrepreneurs. specialist entrepreneur startup freelance business

Savvy Entrepreneurs Plan Both Business And Product

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. Is it any wonder why so few entrepreneurs ever find the professional investors they seek?

This Hollywood Star Proves Entrepreneurs Should Be Clueless

InfoChachkie

In 1945, Hedy and Antheil codified their invention by filing a patent claim. The fact that Hedy and Antheil were clueless, made them fearless – two qualities all entrepreneurs should have in abundance. A version of this article previously appeared in Forbes.

How To Be An Entrepreneur Who Can See Around Corners

Startup Professionals Musings

Every entrepreneur realizes that change is now the norm, and they have to adapt their business quickly to survive and prosper. In fact, the best entrepreneurs seem to see breakthrough changes coming even before they really happen, and are able to turn them into huge new opportunities.

10 Ways Entrepreneurs Fail Their Way To The Top

Startup Professionals Musings

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. Too many entrepreneurs have had their new positions in the marketplace taken away by competitors and others with deep pockets.

10 Key Steps For Aspiring Billionaire Entrepreneurs

Startup Professionals Musings

Everyone recognizes a great entrepreneur when they work with one, but most entrepreneurs don’t know what to look for in themselves that will drive that perception by others. Dean Kamen, while still struggling with the Segway Human Transporter, holds 440 other device patents.

Entrepreneurs Should Rollout Local, But Plan Global

Startup Professionals Musings

New entrepreneurs who want to survive, and optimize the growth of their startups, need to think globally, and act locally, from day one. At present, no world patents or international patent process exists, so you need to apply in every relevant country.

Technologists Need to Team With an Entrepreneur

Startup Professionals Musings

In my experience, inventors and technologists aren’t interested or aren’t very good at building a business, and entrepreneurs aren’t usually good scientists. Historically, it’s also not often that a good inventor was also a good entrepreneur.

Entrepreneurs Need Creative Thinking After the Idea

Startup Professionals Musings

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking. If you study the Amazon 1-click patent long enough, you’ll likely find something of your own worth patenting.

Ideas 130

The Smartest Entrepreneurs Bootstrap Their Startup

Startup Professionals Musings

There is so much written these days about how to attract investors that most entrepreneurs “assume” they need funding, and don’t even consider a plan for “bootstrapping,” or self-financing their startup. bootstrap business entrepreneur startup

Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

” It’s the most common refrain I hear from investors and even entrepreneurs these days. The patents Overture held became known in small circles as Google’s ’361 problem as outlined here. An abbreviated version of this post appeared yesterday on TechCrunch.