Startup Professionals Musings
JANUARY 8, 2020
As an advisor to entrepreneurs, I often hear the desire to run their own company, to avoid having someone else telling them how to run the business. I strongly advise you create a separate bank account and credit card for your business, even though it is all your money. Never keep bad business news a secret from your team.
Startup Professionals Musings
OCTOBER 27, 2014
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition).
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Startup Professionals Musings
JULY 7, 2011
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The bad news is that patent trolls can squeeze the lifeblood out of innocent and unsuspecting entrepreneurs, as exemplified by the current mess around Lodsys patent No. Different rules around the world.
Startup Professionals Musings
DECEMBER 13, 2012
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. They don’t insist on something very narrow, with proper technical content. Different rules around the world. What I have described so far is the situation in the US.
Tech.Co
NOVEMBER 28, 2017
The aim, according to the private college’s press release, is to provide “mentoring, advising and access to resources for up to 15 student- and community-run companies with a philanthropic twist.” Salt Lake City, Utah’s Westminster College debuted it’s Social Impact Incubator on August 30 of this year.
Startup Professionals Musings
MAY 29, 2010
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. They don’t insist on something very narrow, with proper technical content. It is in the jargon not “technical.” Patents are litigation intensive.
Both Sides of the Table
JUNE 27, 2011
The truth is that we work in a very small, tight-knit industry and news & plans spread fast. Most people totally advise against stealth. You always have too much technical debt, too many problems, staff members quitting, not enough capital, customer complaints, etc. That is EXACTLY how your competitors feel, too.
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