Funding Patents Product Technology 
Startup Professionals Musings
MARCH 3, 2023
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. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.
Startup Professionals Musings
SEPTEMBER 25, 2021
According to an old Harvard Business Review article, many people in history, famous for their inventions, like Thomas Edison, were entrepreneurs who only later were remembered as inventors of the products they commercialized. Of course it helps to have innovative technologies before you start building a business.
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Startup Professionals Musings
JUNE 26, 2020
For the rest of us, we need a business plan, as well as a product plan. Some of you may be convinced that your product specification communicates the product message even better than a business plan, so why be redundant? Professional investors and even customers invest in people, rather than just a product.
Berkonomics
OCTOBER 5, 2023
Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. There is an art to efficient management of a process, whether that is the process of bringing a product to market from R&D to production or developing a new product’s launch program.
Startup Professionals Musings
JANUARY 21, 2023
The average length of a funding pitch to angel investors is ten minutes. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. Some entrepreneurs seem to think that their product pitch is also their investor pitch.
Startup Professionals Musings
FEBRUARY 14, 2021
In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. Here are some of the key ones: Patent protection in place as a barrier to entry. Order-of-magnitude cost reduction or productivity increase.
Startup Professionals Musings
APRIL 27, 2020
Use technology and tools, but don’t let them sink you. There are complex processes, like filing a patent, and financial tools that may be new to you, including Excel and Quickbooks. Your productivity can be severely compromised by lack of balance, making you ineffective in managing key tasks and people around you.
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