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But what was interesting to me was that I found myself recommending that each of them should have a technicaladviser. This is exactly the kind of thing I'm doing as a Part-Time CTO or TechnicalAdvisor for startups. There are two kinds of advisors that are commonly needed. Strategic TechnicalAdvisor.
I have long advised startup companies that if you don’t control your messaging somebody else will and your potential customers will form impressions of you shaped by somebody else or by nobody at all. I was 23 and had been programming computers, designing computer networks and selling software for 10 years. She was paid 15% more.
It you have a great software engineer that’s awesome. If not, at least find someone really technical that you trust to help act as an adviser to you. If you can’t find somebody any technical resources at all through networking please consider keeping your day job. Build prototypes and/or product.
Erik Rannala: MuckerLab is a new startup accelerator, focused on incubation stage Internet, software, services, and media businesses here in LA. An example is we'll be holding events, which will be open to the broader technical community, and will not just be for Muckerlabs. It's a very similar model to YCombinator and TechStars.
I always advisesoftware startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. Yes, the software patent process is a mess. I say this with conviction even after I survived the process, and have a software patent pending. Software technology changes rapidly.
I spent nearly a decade building software for large companies and then advising companies on the same. He would have found somebody technical and inspired that individual to work for equity or deferred payment. If you’re not then you’re not trying hard enough. obviously don’t read this as zero analysis).
I always advisesoftware startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. Yes, the software patent process is a mess. I say this with conviction even after I survived the process, and have a software patent pending. Software technology changes rapidly.
I always advisesoftware startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. Yes, the software patent process is a mess. I say this with conviction even after I survived the process, and have a software patent pending. Software technology changes rapidly.
For example, most people believe that Bill Gates started with a simple purchase of a base operating system leading to MS-DOS and Microsoft, but Mars points out that Bill spent thousands of hours in some computer rooms working on software day and night. Know yourself and find help to fill in the gaps. Start today building a bigger network.
Most people totally advise against stealth. Marketing futures can be really good for enterprise software companies where the information is passed between sales rep and potential customer in terms of near-term roadmap. They think that only by being open and testing your ideas in an open marketplace can you be successful.
I always advisesoftware startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. Yet the software patent process is a mess. I say this with conviction even after I survived the process, and have a software patent pending. Software technology changes rapidly.
For a software startup, a patent can be the intellectual property providing the key competitive advantage, or it can be an expensive non-defensible bureaucratic nightmare -- or both. Some argue to simply eliminate software patents, while others put their hopes in U.S. Patent offices can’t keep up with software technology.
The grant scheme is keen to accept applications from a range of female visionary founders, whether your business develops Software as a Service (SaaS) solutions or retails food and beverages. To improve your chances, we’d advise researching the grantor and focusing on how your venture’s goals align with theirs.
Most of the entrepreneurs I advise today are ready to declare success when they get that first surge of traction with a real customer. Based on my software career with IBM and several startups, I experienced the challenges and failures of scaling a software project to a business many times.
I was once asked by a top executive of a major software company why we were not selling more products in Finland. I informed him that we needed to translate the software into Finnish at a cost of $50,000. We retained legal council in Milan and were advised that we would loose if the case went to trial.
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.
I was once asked by a division manager of a major software company why we were not selling more products in Finland. I informed him that we needed to translate the software into Finish at a cost of $50,000. We retained legal council in Milan and were advised that we would loose if the case went to trial.
StrongMail Systems (Digital Messsaging Infrastructure Software) Status: VC-backed (Sequoia Capital, Globespan and Evercore) Lesson: Trust your gut. Wireless & Voice Application Software) Exit: technology acquired Lesson: Timing is critical. Off to the Races StrongMail is a digital messaging infrastructure software company.
This is why investors really like SaaS software companies where you have recurring revenue and your largest customer accounts for < 5% of your revenue and your renewals rates are > 90%. Many software companies have > 80% gross margins which is why they are more valuable than say traditional retailers or consumer product companies.
Yet, despite his exceptional courtroom theatrics, you would be foolhardy to hire good old Johnnie to review your software cross-licensing agreement. Your lawyer is a trusted advisor, but in the end, you run your business, your lawyer does not. It is surprising how often entrepreneurs forget this simple fact. Do not do it.
StrongMail Systems (Digital Messsaging Infrastructure Software) Status: VC-backed (Sequoia Capital, Globespan and Evercore) Lesson: Trust your gut. Wireless & Voice Application Software) Exit: technology acquired Lesson: Timing is critical. The company is still technically in business, awaiting the final stage of the liquidation.
In the era of Skype, web conferencing tools and collaboration software conventional wisdom says that distributed startup teams can be just as effective as those that are in person. The conversations bleed into the sales messages the next time, they wend their way into software designs and form the plan of attach against competition.
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