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One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. Is the product or service possible to produce at all, let alone economically enough to compete in the marketplace? Second: Market risk.
Gene Dolgoff: After years of research and development, we have developed technology which converts two dimensional video to 3D. It was a series of different technologies we had ot develop and apply for patents on, and now that we have it, we're working on a prototype. I was doing that until 1995.
And a big factor is how big is the Founder Developer Gap. There’s a funny phenomenon where often the best sounding technical people are often the worst developers. I would suggest if you are thinking about what you really need for your startup in terms of technology, you also take a look at: Startup CTO or Lead Developer.
One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. Is the product or service possible to produce at all, let alone economically enough to. compete in the marketplace? Second: Market risk. .
There is no substitute for market research to confirm that your passion matches a real need in the market. Patents and trademarks are very valuable in attracting investors for scaling, as well as future premium buyouts. Marketing should start before product development. Assume passion level defines business opportunity.
Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. Every growth company needs to innovate continually, maybe spending 20 percent of your revenues on research and development. Inspire, Motivate, and Bring Out the Best in Your People.”
One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. Is the product or service possible to produce at all, let alone economically enough to compete in the marketplace? Second: Market risk. .
To be clear, I define a product specification as the technical definition of your product, to be used for development and testing purposes, with a quick business summary for context. For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” You need both to survive.
There is no substitute for market research to confirm that your passion matches a real need in the market. Patents and trademarks are very valuable in attracting investors for scaling, as well as future premium buyouts. Marketing should start before product development. Assume passion level defines business opportunity.
SYNCFAB originally started in 2013 as 3D Lab Works to research the advantages of 3D printing and compare it to traditional manufacturing and in turn also help revive the US manufacturing industry. 3D printing has been around for the past 30 years, however patents prevented others from advancing such technology.
Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. Every growth company needs to innovate continually, maybe spending 20 percent of your revenues on research and development. Inspire, Motivate, and Bring Out the Best in Your People.”
Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. Every growth company needs to innovate continually, maybe spending 20 percent of your revenues on research and development. Inspire, Motivate, and Bring Out the Best in Your People.”
There is no substitute for market research to confirm that your passion matches a real need in the market. Patents and trademarks are very valuable in attracting investors for scaling, as well as future premium buyouts. Marketing should start before product development. Assume passion level defines business opportunity.
Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. Every growth company needs to innovate continually, maybe spending 20 percent of your revenues on research and development. Inspire, Motivate, and Bring Out the Best in Your People.”
There is no substitute for market research to confirm that your passion matches a real need in the market. Patents and trademarks are very valuable in attracting investors for scaling, as well as future premium buyouts. Marketing should start before product development. Assume passion level defines business opportunity.
He previously led business development for Affiliate Fuel, leading to its acquisition by Experian in 2005. Christopher Brereton is one of the founders and lead guru of PictureHealing , a company that develops community, awareness and support through photo sharing on iPhones. Sizhao “Zao” Yang – COO and Co-founder at BetterWorks.
One way to mitigate this is by using early money to create a prototype, to perform market research, to complete the first generation of the product, or to deliver the service to a satisfied customer. Is the product or service possible to produce at all, let alone economically enough to compete in the marketplace? Second: Market risk.
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