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Someone Stole My Startup Idea – Part 3: The Best Defense is a Good IP Strategy

Steve Blank

Early on in my career I took a “we’re moving too fast to deal with lawyers” attitude to patents and Intellectual Property (IP.) At one of my entrepreneurship classes at Stanford, Dan Dorosin , of Fenwick & West LLP guest lectures about startups and Intellectual Property. Intellectual Property.

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8 Questions You Should Ask Before You Join A Startup

Startup Professionals Musings

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.

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7 Due Diligence Checks On Your Idea To Save Some Pain

Startup Professionals Musings

Check for intellectual property barriers in your way. Even good social causes need to bring in revenue to continue their worthy efforts. For example, the Segway personal vehicle was proven technology 15 years ago, but is still constrained by right-of-way laws, liability issues, and charging stations.

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8 Tips For Getting Your Startup Right The First Time

Startup Professionals Musings

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. Before you bring on partners, develop intellectual property, raise capital, or generate revenues, you need to establish an official business entity.

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” Be sure to include this in your “elevator pitch,” which you must always deliver as a prelude to your technology features. They want to see revenue to share in the return.

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10 Preparation Steps to Win an Angel Investment

Startup Professionals Musings

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.

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Merger and Acquisition Due Diligence Checklist

The Startup Magazine

This may include things like contingent liabilities , litigation risks, intellectual property-related issues, as well as problematic contracts. Technology and Intellectual Property. As a buyer, you should be interested in the company’s technology in addition to its intellectual property.