article thumbnail

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

Both Sides of the Table

Importantly, make sure that you retain IP rights to your custom work which needs to be part of the engagement contract. At a minimum co-ownership of the IP. If not specified in contract you might find yourself with future litigation over IP. Integrate PS Work Into Sales & Marketing Processes.

article thumbnail

Most Common Early Start-up Mistakes

Both Sides of the Table

Would you want to run the risk that your former employer could have a claim against the intellectual property you’ve created because you broke company policies and developed your ideas on company resources? Make sure you own your IP. Not worth it. This is a BIG mistake many early stage companies make. Assemble a team.

Startup 365
Insiders

Sign Up for our Newsletter

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

article thumbnail

Should Startups Focus on Profitability or Not?

Both Sides of the Table

Do you imagine eventually raising VC and trying to build a faster growing company?” ” Because of the circles I run in I tend to meet many people who eventually do want to build large companies and therefore do want to eventually raise VC and “go big.” They raised $5 million in venture capital to fund growth.

Startup 418
article thumbnail

In a Strong Wind Even Turkeys Can Fly

Both Sides of the Table

During the down market they were able to double down on recruiting, sales, outsourcing, new market entries and marketing (yes, with Tiger ads ). It’s why as an investor I look for talented teams with long-term vision, a unique point-of-view, differentiated IP and a desire to build something enduring.

article thumbnail

10 Finance Tips for Very Early-Stage Startups

Tech Zulu Event

Develop your financial projections. Hire only for those positions you actually need and rely on contract staff, part-time employees, and freelancers for as much as you can. Protect yourself by clearly outlining confidentiality, termination provisions, and IP ownership in employee contracts and hiring documentation.

Tips 90
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. This happens because many CEOs are passionate, market-driven people who are constantly trying to launch new products, win contracts, get press, hire staff and woo VCs.

article thumbnail

10 Finance Tips for Very Early-Stage Startups

Tech Zulu Event

Develop your financial projections. Hire only for those positions you actually need and rely on contract staff, part-time employees, and freelancers for as much as you can. Protect yourself by clearly outlining confidentiality, termination provisions, and IP ownership in employee contracts and hiring documentation.

Tips 101