Startup Professionals Musings

MAY 30, 2012

If you are an entrepreneur starting a business for the first time, I recommend that you find a product concept that is already accepted and improve on it, rather than tackling that ultimate disruptive technology. Of course, the first one gets the patent. Evidence of success using this approach is all around us.

Patents

Startup Professionals Musings

MARCH 21, 2020

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.

Technical Review

Startup Professionals Musings

SEPTEMBER 20, 2010

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. You can’t measure, scale, or patent a service process that is not clearly documented. Tags: entrepreneur startup services critical success factors products.

Product

Startup Professionals Musings

NOVEMBER 11, 2013

Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Every young entrepreneur knows implicitly that startup success is a long hard road. Statistics show that the failure rate for new startups within the first 5 years is higher than 50 percent. No intellectual property.

Startup

Startup Professionals Musings

NOVEMBER 8, 2015

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.

Technical Review

Startup Professionals Musings

JANUARY 31, 2012

Many writers have outlined the critical success factors for product companies, like sell every unit at a profit, patent the design, and continuous product improvement. You can’t measure, scale, or patent a service process that is not clearly documented. Define and document the service process you sell.

Satisfaction

Startup Professionals Musings

DECEMBER 18, 2022

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.

Technical Review

Startup Professionals Musings

OCTOBER 14, 2016

What every entrepreneur is asking me these days, is “How do I get to be a unicorn?” Based on some good estimates of how many new ventures have been started in the last five years, the statistical odds of any individual startup making it to this level are less than one in a million. Most unicorns pop up first in new solution categories.

Company

socalTECH

JULY 29, 2009

We have patents filed on this process. One of our hopes, aside from creating a way to package knowledge, is to essentially allow entrepreneurs to create their own publishing company. We track certain statistics, including checklist items and usage. Can you talk about the pricing and how the business model works?

Geni

Startup Professionals Musings

MARCH 5, 2018

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.

Funding

Tech Zulu Event

FEBRUARY 8, 2012

Next was Mobile Web America ‘s ultra impressive display of their patent-pending web application that converts most websites into a mobile friendly format. Great for looking up Facebook and traffic statistics, Leftronic’s product offering definitely has the Startup client in mind. Looking for twitter trends on #TZSpotlight?

Technical Review

Startup Professionals Musings

APRIL 25, 2010

It’s hard to invent and patent more “scientific” methods on how to match people. Most of these come and go so fast that gathering statistics is impossible. Tags: online dating entrepreneurs failure business. Intellectual property is tough. Certainly if you expect to get any traction in this market, you need some real innovation.

Sites

Startup Professionals Musings

APRIL 1, 2016

Aspiring entrepreneurs often approach me as an angel investor, touting their innovative idea for yet another online dating site. According to statistics , there are more than 5,000 dating sites worldwide with 1,000 new ones appearing every year. The market is already oversaturated with competitors.

Sites

Berkonomics

NOVEMBER 14, 2024

Replacement value goes up where there is a high barrier to entry due to proprietary tools or patents. Private statistics are rarely available, except when public companies purchase privately held firms and must reveal the amount paid in their 10-Q and 10-K forms for public scrutiny. This is often done with public companies.

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