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San Diego-based Illumina , the developer of scientific and life science tools and equipment, said this morning that it has filed another, patent infringement suit against Complete Genomics. Illumina said that it filed a patent in the U.S. The firm says that Complete Genomics has infringed on its patent, U.S.
For example, “I just patented a new cell-phone technology that will double battery life for half the cost. My friend, Dave Bittner , offers a simple template to get started that will work for most products and services: “We sell [product/service deliverable] to [market niche] who want [unmet market need]. About 150-225 words.
Examples – The book is filled with text excerpted from actual funding documents, rather than the generic templates usually found in academic textbooks. Don’t Overemphasize Patents. Their relentless (mostly friendly) mocking of venture capitalists and lawyers adds some welcomed levity to what can be, at times, dry subject matter.
For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Call out your top competitors, highlighting your sustainable competitive advantage, including patents, trade secrets. Use non-fuzzy terms to quantify customer value. Highlight your advantages over three top competitors.
Of course, you can find these elements embodied in many of the business plan templates and tools out there, such as the Business Model Canvas. Patents are a good place for you to start. We all hate to see your proposal rejected , when a bit more effort and homework could expedite your startup funding and rollout.
In doing so, Martha created the template for the modern franchise. For instance, she invented the reclining shampoo chair, but declined to patent it, foregoing millions of dollars in licensing fees, yet making the chair more affordable for aspiring women entrepreneurs.
Whether it’s something as extensive as filing patents, more simple trademark registrations, and or putting appropriate documentation in place, don’t ignore this and don’t rely on boilerplate online templates. And relying on NDAs is not the answer.
Stage two: They say the solution was obvious all along." -- Robert Fischell, Inventor (Holder of 200 medical device patents) It is easy to come up with ideas. Blogger Template originally design by Web-Kreation Converted By Jacky Supit By Frank Addante "Inventing things is a two-stage process. Stage one: Everyone says its impossible.
Sure, you need to take the proper precautions to protect your idea first (patents, copyrights, etc.), particularly with international patent laws. Blogger Template originally design by Web-Kreation Converted By Jacky Supit However, I say throw away the NDAs and get your ideas out there! Solicit feedback, see what users think.
At L90 (Startup 3.0) , we were sued by DoubleClick on the eve of our IPO for alleged patent-infrindgement. Blogger Template originally design by Web-Kreation Converted By Jacky Supit Sometimes I have had to trash what they produced, other times it became a major turning point in a companys growth. They tried to sue us in Virginia.
Real World Executive Summary Template. Patents and Trademarks. For instance, a services business or an opportunity with limited growth potential might be a good fit for an Angel investor, but not a venture capitalist. A restaurant is a generally appropriate for a bank, but not an Angel investor. Distribution and Sales. Competition.
of the product, file patents, hire a small sales team and launch a marketing program to take StrongMail to market. Blogger Template originally design by Web-Kreation Converted By Jacky Supit Now, finally, we would see advancements in the way people use email! We invested the first $1 million to develop version 1.0
Patent Lawsuit 6. “Patent Lawsuit&# We were on the IPO track and our #1 competitor (DoubleClick) filed a bogus patent-infringement lawsuit right before our IPO. raising capital, underwriters backing out, extreme criticism, patent lawsuit from our competitor, etc.) Bootstrap 2. 7th Horse in a 7 Horse Race 3.
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