article thumbnail

ConTraps Part III – Contract Traps Entrepreneurs Should Avoid At All Costs

InfoChachkie

This series describes how entrepreneurs can craft company-changing agreements with BDCs, while avoiding Kiss of Death contract provisions. Intellectual Property (IP) provisions should ensure that both parties maintain the IP rights that they respectively own at the outset of the relationship.

article thumbnail

FastSoft Sign BPO Firm

socalTECH

Pasadena-based FastSoft , the Caltech spinoff which is developing Internet acceleration devices, has recently signed on ReSource Pro, a business process outsourcing firm for the insurance agency, the firm told socalTECH. Tags: fastsoft fasttcp caltech business process outsourcing software. READ MORE>>.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Fundraising Deal Breakers Inexperienced Entrepreneurs Routinely Create

InfoChachkie

IP Confusion – Questionable ownership of key intellectual property, including non-exclusive licenses, potential infringement of a third party’s technology and/or inappropriate use of open-source tools. As such, make it easy for investors to unequivocally evaluate the veracity of your venture's IP.

article thumbnail

How Catalog Is Helping SMBs Compete Against Big Brands

socalTECH

Earlier this month, Los Angeles-based Catalog (www.catalog.cc), a startup developing artificial intelligence software to help independent visual artists scale their content production efforts, announced it raised $1.5M That system allows us to arrange shoots and coordinate with contracted talent to produce that content.

Help 133
article thumbnail

How to Make Sure Professional Services Don’t Take Over Your Software Company

Both Sides of the Table

Extending the feature set of the product would obviously be better if done by the customer but sometimes customers lack the resources to do customizations so simply telling them to get stuffed is not the answer. Importantly, make sure that you retain IP rights to your custom work which needs to be part of the engagement contract.

article thumbnail

Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

Thus, you must first create the playbook by which an independent sales rep can readily sell your product, including: identifying objections and developing strategies to overcome them, creating reference accounts and establishing meaningful customer adoption. 2) Secure Your Intellectual Property Too Early. 3) Attempt To License An Idea.

Startup 242
article thumbnail

How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

What I love about my job is getting to see teams of super-early-stage companies develop ideas that while raw have potential to make an impact on the market. Clearly the founders and senior executives of a company are the most valuable resources and their time should be maximized on the most valuable tasks. HR & Legal.