Startup Professionals Musings

SEPTEMBER 13, 2022

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Commit to a major customer.

Intellectual Property 341

Intellectual Property Technical Review Startup Incubator 341

Steve Blank

SEPTEMBER 16, 2014

Or if you’re building consumer electronics the key activities might be: low cost hardware design, high volume manufacturing, user interface design, consumer branding and retail distribution. So What Does this Have to Do With A Founding Team?

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

Startup Professionals Musings

MAY 17, 2020

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Viral marketing costs real money, and your support staff and hosting systems cost even more. Bypasses intellectual property as not worth the cost.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

Startup Professionals Musings

DECEMBER 6, 2019

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Commit to a major customer.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

NOVEMBER 28, 2020

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology. The cost of social media done well is low. Marty Zwilling.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

Startup Professionals Musings

FEBRUARY 19, 2013

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Join a startup incubator.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Professionals Musings

AUGUST 17, 2020

Check for intellectual property barriers in your way. New smartphone apps cost only a few thousand, if you have the programming skills. If you find more than a dozen solutions that loosely match your idea, it may be time to skip that one and try another. Choose projects with financial resources within your reach.

Technical Review 434

Technical Review Due Diligence Intellectual Property Internet 434

Startup Professionals Musings

JULY 14, 2014

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Join a startup incubator.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Steve Blank

APRIL 23, 2014

If they decide to buy, large companies can: license/acquire intellectual property. These include the product itself, the customer, the distribution channel, revenue model, how to get, keep and grow customers, resources and activities needed to build the business and costs.). Five Types of Innovation to Buy.

Acquisition 334

Acquisition Intellectual Property Silicon Valley Startup 334

Startup Professionals Musings

SEPTEMBER 30, 2013

Register some intellectual property. These are things that can cost very little money, but go a long ways in convincing someone that you are making progress. Without revenue, your investors are largely limited to friends, family and fools. File a provisional patent, register a trademark, and reserve your company domain names.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity Fractional CTO 281

Startup Professionals Musings

SEPTEMBER 25, 2021

Investors expect proof that your invention can be manufactured in volume, and can justify a sales price at least double the cost, to a large customer set that has money to spend. A long-term advantage usually also requires intellectual property, such as a patent, trade secret, or trademark. Take a hard look at the alternatives.

Technical Review 391

Technical Review Intellectual Property Early Stage Global 391

Startup Professionals Musings

APRIL 4, 2022

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Join a startup incubator.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Startup Professionals Musings

AUGUST 31, 2012

Register some intellectual property. These are things that can cost very little money, but go a long ways in convincing someone that you are making progress. Without revenue, your investors are largely limited to friends, family and fools. File a provisional patent, register a trademark, and reserve your company domain names.

Intellectual Property 260

Intellectual Property Sweat Equity Fractional CTO CTO Hire 260

Startup Professionals Musings

JUNE 17, 2011

Register some intellectual property. These are things that can cost very little money, but go a long ways in convincing someone that you are making progress. Without revenue, your investors are largely limited to friends, family and fools. File a provisional patent, register a trademark, and reserve your company domain names.

Intellectual Property 253

Intellectual Property Sweat Equity Fractional CTO CTO Hire 253

Startup Professionals Musings

FEBRUARY 12, 2023

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Viral marketing costs real money, and your support staff and hosting systems cost even more. Bypasses intellectual property as not worth the cost.

Intellectual Property 312

Intellectual Property Startup Angel Investor Viral 312

YoungUpstarts

NOVEMBER 27, 2013

Intellectual Property, the core of the business, is not protected. Your intellectual property is the backbone of your business. Therefore, protecting your intellectual property by filing trademark, copyright and patent applications is essential to ensure that you have legal recourse if infringement occurs.

Intellectual Property 215

Intellectual Property Framework Technical Review Social Media 215

Startup Professionals Musings

JUNE 26, 2020

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” If possible, quantify these in non-technical business terms, such as dollars saved or replacement costs over time. Use non-fuzzy terms to quantify customer value. Description of the business entity you plan to form.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

JANUARY 13, 2020

Registered patents and other intellectual property. Being the first mover or lowest cost is not a good long-term strategy. They seek to establish win-win relationships with all partners, including investors, and treat them all as trusted advisors, rather than win-loss opportunities.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

YoungUpstarts

NOVEMBER 3, 2020

Violating intellectual property rights. But even if you are not working in a creative field, intellectual property rights are something that should concern you. Even if you are not found liable, a legal case can bear considerable costs, both in terms of time and money. How to minimise risk.

Intellectual Property 165

Intellectual Property Software Review Cofounder Architecture 165

Startup Professionals Musings

JUNE 30, 2019

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Join a startup incubator.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Startup Professionals Musings

OCTOBER 27, 2014

This hit RIM (Research In Motion) a few years ago, and cost them $650M to recover. I’m a big supporter of building and protecting a portfolio of real intellectual property, and maximizing your startup’s valuation, but it shouldn’t be just a legal game. Valid patents have been overturned by unpatented prior art. Marty Zwilling.

Software Review 250

Software Review Software Technical Review Intellectual Property 250

Both Sides of the Table

AUGUST 17, 2009

Would you want to run the risk that your former employer could have a claim against the intellectual property you’ve created because you broke company policies and developed your ideas on company resources? Ask them how much they think such a solution would cost them. Not worth it. Build prototypes and/or product.

Founder Vesting 365

Founder Vesting Intellectual Property Stock Options IP 365

Startup Professionals Musings

AUGUST 4, 2014

Your idea is not intellectual property yet, so it has no inherent value. Investors may not be called co-founders, but they always get equity, commensurate with their share of the total costs anticipated, or share of the current valuation. Key to required patents or trade secrets. Level of responsibility and time allocated.

Cofounder 261

Cofounder Stock Founder Technical Cofounder 261

Startup Professionals Musings

NOVEMBER 4, 2011

Define some intellectual property. File a patent and trademarks to show real intellectual property. In most cases, a Microsoft Excel spreadsheet is adequate, with projection formulas for revenue, costs, and cash flow over the next five years. Reserve the company name on social networks to protect it.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Startup Professionals Musings

MAY 1, 2023

Your idea is not intellectual property yet, so it has no inherent value. Investors may not be called cofounders, but they always get equity, commensurate with their share of the total costs anticipated, or share of the current valuation. Key to required patents or trade secrets. Level of responsibility and time allocated.

Technical Cofounder 247

Technical Cofounder Equity Distribution Cofounder 247

Women Entrepreneurs Can

MAY 31, 2024

Intellectual property (IP) protection is of the utmost importance. Conclusion Protecting intellectual property should not be seen as a one-time task but an ongoing mission. The post Strategies for Protecting Your Intellectual Property appeared first on WECAN. What is USPTO lawful use rule?

Intellectual Property 52

Intellectual Property IP Security Database 52

Startup Professionals Musings

SEPTEMBER 16, 2023

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology. The cost of social media done well is low. Marty Zwilling

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

Startup Professionals Musings

OCTOBER 15, 2022

Registered patents and other intellectual property. Being the first mover or lowest cost is not a good long-term strategy. They seek to establish win-win relationships with all partners, including investors, and treat them all as trusted advisors, rather than win-loss opportunities.

Intellectual Property 278

Intellectual Property Angel Investor Early Stage Venture Capital 278

Startup Professionals Musings

SEPTEMBER 10, 2018

Your idea is not intellectual property yet, so it has no inherent value. Investors may not be called co-founders, but they always get equity, commensurate with their share of the total costs anticipated, or share of the current valuation. Key to required patents or trade secrets. Level of responsibility and time allocated.

Equity 238

Equity Cofounder Technical Cofounder Intellectual Property 238

Startup Professionals Musings

DECEMBER 6, 2014

Registered patents and other intellectual property. Being the first mover or lowest cost is not a good long-term strategy. They seek to establish win-win relationships with all partners, including investors, and treat them all as trusted advisors, rather than win-loss opportunities.

Angel Investor 268

Angel Investor Intellectual Property Entrepreneur Early Stage 268

Startup Professionals Musings

JUNE 2, 2013

The single most important ingredient of success is not the idea, but having a team in place that has impeccable integrity, can iterate the product quickly, pivot the business model as necessary, and keep costs down in the process. This requires a visible focus on the company’s revenue model, the costs to get there, and cash on hand.

Angel Investor 269

Angel Investor Cram Down Intellectual Property Venture Capital 269

Startup Professionals Musings

SEPTEMBER 27, 2014

Check for intellectual property barriers in your way. New smartphone apps cost only a few thousand, if you have the programming skills. If you find more than a dozen solutions that loosely match your idea, it may be time to skip that one and try another. Choose projects with financial resources within your reach.

Technical Review 267

Technical Review Due Diligence Entrepreneur Intellectual Property 267

Startup Professionals Musings

MAY 13, 2023

Check for intellectual property barriers in your way. New smartphone apps cost only a few thousand, if you have the programming skills. If you find more than a dozen solutions that loosely match your idea, it may be time to skip that one and try another. Choose projects with financial resources within your reach.

Technical Review 267

Technical Review Due Diligence Intellectual Property Internet 267

Startup Professionals Musings

JULY 18, 2014

Investors expect proof that your invention can be manufactured in volume and can justify a sales price at least double the cost to a large customer set that has money to spend. A long-term advantage usually also requires intellectual property, such as a patent, trade secret or trademark. Take a hard look at the alternatives.

Technical Review 266

Technical Review Intellectual Property Early Stage Global 266

Both Sides of the Table

MARCH 21, 2013

deliver profitable revenue that while on gross margins of 50% vs. software at 85-95% it is still profits to help you cover fixed costs. Protect Your Intellectual Property. PS capabilities are important for enterprise startups because they: ensure your projects are more successful & thus more referenceable.

Software Review 321

Software Review Software IP Technical Review 321

Startup Professionals Musings

SEPTEMBER 14, 2013

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents. Some of the other items may cost a lot less, and may be worth far more in the long run.

Intellectual Property 259

Intellectual Property Non-disclosure Agreement IP Startup 259

Startup Professionals Musings

AUGUST 26, 2022

You need intellectual property , such as a patent, trade secret, or process expertise that will be a barrier that you can defend. Many of the business plans I see are built around a dream, with idealistic costs, margins, and customer demand. Calibrate your ability to rise above competitors and copycats.

Founder 262

Founder Intellectual Property Social Media Business Plan 262