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That doesn’t mean that entrepreneurs should ignore business and market realities, under the assumption that success is a random phenomenon. These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney.
I think this is a combination of being realists as venture capitalists that outsized returns in our funds must come from taking on bigger, more impactful projects that can move markets. The practical uses for uBeam technology is limitless. Did anybody hold patents that would prevent us from using this technology?
Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Leading edge technology software and manufacturing require constant course corrections and iterative restarts. Don’t count on contracts and non-disclosure agreements to save you.
The press around the raise & company was fantastic and the promise of their technology – wireless charging that works as easily as WiFi – would positively affect many of our lives. uBeam’s tech does work and I have safely seen it demo’d in the real life many times. Working on it. And being ambitious.
Patents held by startups generally have a limited ability to reduce competition. The average time required to obtain a patent is 36-to-40 months, during which there is no guarantee your adVenture will ultimately receive patent protection. Even if you are granted a patent, the scope of your claims may be significantly denuded.
A few months ago we saw a CEO present who had personally made hundreds of millions of dollars in a financial services business and had a plan to capitalize on the current market conditions. We were super excited by their offering – they had patentedtechnology in a field that we believe will continue to grow massively.
They look at your track record, industry leadership, marketing energy, moral values, and peer relationships. Quality of your technical and business teams. Brand recognition and market influencer support. Proprietary technology with a high barrier to entry. You need to do the same now.
Professional investors and advisors, on the other hand, usually refuse to sign these agreements today due to the risk of litigation and administrative workload, and will walk away. Disclosures relative to patents. Potential investors don’t need this data, except perhaps as part of a final duediligence after agreement on terms.
That doesn’t mean that entrepreneurs should ignore business and market realities, under the assumption that success is a random phenomenon. These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney.
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.
That doesn’t mean that entrepreneurs should ignore business and market realities, under the assumption that success is a random phenomenon. These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney.
That’s why I recommend that they find a co-founder who loves business challenges, including marketing and finance. I usually envision a 50-50 ownership split for their efforts, but every engineer believes the technology side deserves the majority share. Fabulous solutions require great technology.
In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts , or basic business realities. Although Elon Musk doesn’t talk about it very much, he owns over 350 patents through Tesla, just one of his many companies.
That doesn’t mean that entrepreneurs should ignore business and market realities, under the assumption that success is a random phenomenon. These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney.
We're not talking publicly about that yet, but the idea is to get away from the annual review, away from the quarterly review, and give everyone within and outside a company the ability to recognize people, up and down the chain, for doing great things in the workplace. There's a fairly complex platform we've patented.
One of the companies that has recently is On Ramp Wireless (www.onrampwireless.com), a San Diego company in the M2M market headed by Kevin Hell. The firm recently raised a $15M series C funding, and we caught up with Kevin to learn more about why its customers, and investors, are interested in its technology.
Professional investors and advisors, on the other hand, usually refuse to sign these agreements today due to the risk of litigation and administrative workload, and will walk away. Disclosures relative to patents. Potential investors don’t need this data, except perhaps as part of a final duediligence after agreement on terms.
-based approach to developing their intellectual property strategy, and overlook the need to develop a specific plan for addressing foreign markets. This presentation will cover: A review of strategies for positioning patent applications for foreign markets. Where and how you should enforce your patents.
Professional investors and advisors, on the other hand, usually refuse to sign these agreements today due to the risk of litigation and administrative workload, and will walk away. Disclosures relative to patents. Potential investors don’t need this data, except perhaps as part of a final duediligence after agreement on terms.
In the recent surge in interest in the clean technology and energy investment area, we're constantly surprised by the number of startups in the area focused on some aspect of the industry. Let's start on the technology side--can you tell us about the technology, and its origins? It's very simple, from the technical perspective.
Building a strong tech industry to rival that of Silicon Valley is definitely no easy feat, but the overall feeling within Cal Tech’s Baxter Hall at last week’s event certainly bodes well for the year. Crowd Seats came up first to give their two minute breakdown of the company.
That doesn’t mean that entrepreneurs should ignore business and market realities, under the assumption that success is a random phenomenon. These days, you can find existing patents and trademarks through Google and the US Patent Office online site without spending thousands of dollars with your favorite patent attorney.
According to a Harvard Business Review article, many people in history, famous for their inventions, such as 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.
Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. Allows sufficient time to find capital, including duediligence time for investors. The technology or product may be at an embryonic stage. Values intellectual property.
Or they get sidetracked by a technical glitch due to poor preparation. 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. If you start by pitching your extended life story, that’s the wrong point.
This is similar to the role that public markets play in helping shape publicly traded companies. But having a board of directors and having some of those board members be large financial owners in the business with shared corporate governance forces a tension in businesses that I believe is healthy.
Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. Allows sufficient time to find capital, including duediligence time for investors. The technology or product may be at an embryonic stage. Values intellectual property.
Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Leading edge technology software and manufacturing require constant course corrections and iterative restarts. Don’t count on contracts and non-disclosure agreements to save you.
Convincingly presents a patent, trademark, or other “secret sauce” that can create equity value, not just current cash flow for the owners. Allows sufficient time to find capital, including duediligence time for investors. The technology or product may be at an embryonic stage. Values intellectual property.
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.
As a model, think high-quality marketing collateral, with text and graphics in columns and sidebars, but focused on the value of your business, rather than selling your product. Skip the fuzzy marketing terms, such as "easier to use," "lower cost" and "disruptive technology."
Or they get sidetracked by a technical glitch due to poor preparation. 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. If you start by pitching your extended life story, that’s the wrong point.
Language Weaver is backed by Palisades Ventures, the Tech Coast Angels, and The Athenaeum Fund. We've also had great advances in engaging the trust of the commercial community, with patented advances like automatic scoring of our algorithms, which predicts the quality of translations based on a one-through-five scale.
Every year, we feature the year end reflections of founders, CEOs, investors, and others in Southern California's high tech community. It's been a tough year for many due to the pandemic; how have you or your company adapted to the business environment? This is my 4th market upset and in the first three I was defensive.
Or they get sidetracked by a technical glitch due to poor preparation. 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. If you start by pitching your extended life story, that’s the wrong point.
They seem shocked to learn that most professional investors and advisors, myself included, routinely decline such requests, due to costly litigation and administrative nightmares. Get an NDA before detailed patent disclosures. Some entrepreneurs avoid the patent process, since patent details become public once a patent is issued.
PT as they kick off the new weekly tech law show "TechZulu Law" with a discussion with IP attorney Denise Grayson, who portrays the attorney of Eduardo Saverin in the film about the early days of Facebook, "The Social Network.". The show focuses on legal issues surrounding startups, entrepreneurs, venture capitalists and emerging technology.
Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Leading edge technology software and manufacturing require constant course corrections and iterative restarts. Dont count on contracts and non-disclosure agreements to save you.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
Eric Golden, the firm's President and CEO, told us more about the company and its technology, and its fascinating beginnings from Hollywood's Steadicam. Tell us about your technology? Brown was approached by a manufacturer, who asked if his technology could hold tools for an assembly line. Eric Golden: They do.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. If you start by pitching your extended life story, that’s the wrong point.
Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. Some dreams sound great, but may not yet be viable or proven with today’s technology. Any startup with no patents, trade secrets, or other secret sauce is very high risk today.
What's the technology behind this? We've been innovating over the last fifteen months, and have to patents pending on the technology right now. Whether those meetings are with brands, with celebrities, or entertainment managers, by being in one of those three markets you have a presence that is hard to get in many other cities.
Too many entrepreneurs look for that one magic bullet -- an exciting new technology, perhaps, or their own determination to make the world a better place -- to override any shortcomings in their startup model. A large and growing market opportunity. A focus on a specific market segment. A focus on a specific market segment.
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