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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. But customers are not looking yet another homogeneous product or service, so be careful.
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.
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.
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.
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. If you are approaching a recognized venture capital group, or even an accredited angel investor, a non-disclosure agreement is counter-productive.
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.
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. If the company has been around for more than a couple of years, and still has no product or revenue flow, there better be a good explanation.
But I could see the connection between his background and my personal compulsion to use a product solely on its design factor. Yes I’m aware I used a product for two weeks and didn’t bother getting the name of it). This was the same company, whose product I’d used years before, solely on design aesthetics.
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.
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.
Clearly, 2009 was not a good year, from the perspective of the technology innovation ecosystem. At the same time, the need for the products and services that OCTANe provides are greater in a recessionary economy than in when the economy is booming. For OCTANe to be successful, we want to see our technology ecosystem grow.
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.
We caught up with Mike recently to better understand the company's technology, why there's an interest in energy storage by utilities, and more about that deployment. Can you talk about your technology? We have a lot in common in terms of those air conditioners and even the technology, but our product is different in an important way.
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.
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. If you are approaching a recognized venture capital group, or even an accredited angel investor, a non-disclosure agreement is counter-productive.
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. If the company has been around for more than a couple of years, and still has no product or revenue flow, there better be a good explanation.
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. If you are approaching a recognized venture capital group, or even an accredited angel investor, a non-disclosure agreement is counter-productive.
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.
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.
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.
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. Some entrepreneurs seem to think that their product pitch is also their investor pitch.
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.
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. We have created a wireless technology and solution, end-to-end, that allows you to cost effectively connect devices that can be very, very remote.
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.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Investors are buying part of the business, not the product or service. Investors are buying part of the business, not the product or service. Investors invest in the jockey, more than the horse.
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. But customers are not looking yet another homogeneous product or service, so be careful.
Agreeing an annual budget Setting a 409a valuation used to price stock options Agreeing stock option allocations Reviewing financial performance Talking about the organizational structure and where we need to bolster things Discussing sales & marketing strategies, product launches, technical challenges Talking about law suits (patents, trademarks, (..)
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Investors are buying part of the business, not the product or service. Investors are buying part of the business, not the product or service. Investors invest in the jockey, more than the horse.
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.
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. Some entrepreneurs seem to think that their product pitch is also their investor pitch.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Investors are buying part of the business, not the product or service. Investors are buying part of the business, not the product or service. Investors invest in the jockey, more than the horse.
“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Investors are buying part of the business, not the product or service. Investors are buying part of the business, not the product or service. Investors invest in the jockey, more than the horse.
Of course, every company needs these, in due time. In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front.
Of course, every company needs these, in due time. In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front.
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? What are you most looking forward to in the technology/startup world in 2021?
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. Some entrepreneurs seem to think that their product pitch is also their investor pitch.
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."
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. But customers are not looking for yet another homogeneous product or service, so be careful.
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. Some entrepreneurs seem to think that their product pitch is also their investor pitch.
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.
Of course, every company needs these, in due time. In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front.
are eliminated during duediligence. File a patent and trademarks to show real intellectual property. Build a prototype product. This must be someone who is willing to pay real money for your product or service. Over half of the survivors remaining are eliminated during live presentations, and another 6.5%
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.
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