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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.
We were super excited by their offering – they had patentedtechnology in a field that we believe will continue to grow massively. During the final pre-term sheet duediligence we discovered that the CEO had had a felony arrest for a significant crime that he hadn’t disclosed to us.
I’ve worked with 30+ early-stage companies in all sorts of capacities (and spoken to many, many more), so I thought it might be worthwhile trying to classify the various ways that I’ve engaged in different technology roles in startups. It depends on the business, people, technologies, etc. Each situation is just a bit different.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's high tech community. We asked the same four questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next week.
Quality of your technical and business teams. Back in the early days of the personal computer, Bill Gates and Microsoft were widely recognized and having the strongest technical culture, as well as a commanding marketing presence. Proprietary technology with a high barrier to entry. You need to do the same now.
Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Are any lawsuits and challenges to intellectual property pending? How much and when can I reasonably expect a payback?
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.
I usually envision a 50-50 ownership split for their efforts, but every engineer believes the technology side deserves the majority share. If you consider yourself a technologist, you probably believe and may be propagating one of the following myths: The first priority for funding should be to develop the 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.
Clearly, 2009 was not a good year, from the perspective of the technology innovation ecosystem. Technology and innovation has historically been the thing that has pulled the economy out of recessions, and I think that is especially true right now. For OCTANe to be successful, we want to see our technology ecosystem grow.
Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. duediligence employees investors startup' Are any lawsuits and challenges to intellectual property pending? Marty Zwilling.
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.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Look how many social media ‘likes’ my site has generated.” Marty Zwilling.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Look how many social media ‘likes’ my site has generated.”
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.
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.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Look how many social media ‘likes’ my site has generated.”
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Look how many social media ‘likes’ my site has generated.”
Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there.
Eric Frankel: StarGreetz is a digital media content company, that allows brands to stand out in a very cluttered marketplace. 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. Eric Frankel: It was "be careful what you wish for".
Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Are any lawsuits and challenges to intellectual property pending? How much and when can I reasonably expect a payback?
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. Investors look for specifics on sales channels, marketing collateral, social media initiatives and customer incentives.
We've created a patent pending technology called Autobuild. You can literally click on an "advertise here" link and it will allow you to book a proposal, and that proposal gets build, and you can review, accept, or modify it. That's what we've done, and what we're calling PageGage. It's an automatic proposal builder.
We restrict money transfer to South Africa while we conclude our duediligence on international money transfer partners. We actually enable banks to attract new customers as well as securely port their services to existing users, using our patent pending social fraud algorithms. We don’t compete with banks.
A business needs technical, marketing, financial and many other skills. If your solution and brand are really new and innovative, you need to protect them with a patent, trademark or trade secret. Highlight existing presence on the Internet and social media. Create and highlight your intellectual property portfolio.
10 Ways To Be Your Own Boss - A VC : Venture Capital and Technology , June 18, 2010 The folks at Behance and Cool Hunting asked me to talk at their 99% Conference a couple months ago. Just because a product has a patent, deep complexity and an obvious competitive advantage does not mean that it can fly by itself into the market.
Be customer focused, not technology focused. New ventures with major innovations, called “ disruptive ” solutions, such as the advent of electric vehicles, require changes in support technologies, more marketing for customer education, and new government policies. Elon Musk mitigated this by making his battery patents free to all.
Every startup founder loves to prompt for questions from investors and potential key team members about their vision, and the huge opportunity that can be had with their disruptive technology. Are any lawsuits and challenges to intellectual property pending? How much and when can I reasonably expect a payback?
Her appointment is expected to spice things up at Yahoo, once a top internet and media firm. She is expected to champion for new products and advance its web technology. ’s products will continue to enhance our partnerships with advertisers, technology and media companies, while inspiring and delighting our users.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” They only want a quick overview of the product, not detailed features and patent secrets. Look how many social media ‘likes’ my site has generated.”
If your strength is technology, find a co-founder who has a comparable strength in business, finance or marketing. Entrepreneurs who have no patents, trade secrets or trademarks are usually deemed non-fundable and non-competitive. Investors look for entrepreneurs who are customer-centric, rather than technology-centric.
Ten Tech Entrepreneurs Who Are Putting LA on the Map. ” Residents of Northern California (everyone north of Bakersfield) don’t understand how we do it, constantly touting Palo Alto’s tech scene. Richard Rosenblatt – Demand Media. Follow PandoDaily: Search. Skip to primary content. Skip to secondary content.
It is a truism that with more capital you will hire people more quickly and spend more liberally whether it’s on external contractors, PR firms, attending events, doing legal work (trademarks, patents) or whatever. You will build out features or expend to platforms — often before you have enough market feedback to warrant it.
BDCs often ask to “private label” or “white label” a smaller company’s technology. This generally involves the BDC selling the startup’s technology under the BDC’s brand. Do not allow your adVenture’s technology to be buried in the bowels of another company’s product, without reasonable attribution. Do Not Give up Branding.
BDCs often ask to “private label” or “white label” a smaller company’s technology. This generally involves the BDC selling the startup’s technology under the BDC’s brand. Do not allow your adVenture’s technology to be buried in the bowels of another company’s product, without reasonable attribution. Do Not Give up Branding.
Shortcut: sebastian-x.com Blog About Blogroll Links How brain-amputated developers created the social media plague Posted on 12 January, 2010 The bot playground commonly refered to as “social media&# is responsible for shitloads of absurd cretinism. The Twitter pest that costs you hard earned money WTF I’m ranting about?
But if more of us in the tech sector speak up and in unison and constantly for the next 50 days it can change minds, encourage others and hopefully get amplified by the press to reach others. Use your blogs, use social media, use the TV media. This was patently racist and an outrageous lie. Why does it matter?
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