Startup Professionals Musings

MAY 17, 2020

Viral marketing costs real money, and your support staff and hosting systems cost even more. Even non-profits need a profitable business model to offset staff and operating costs. Assume passion level defines business opportunity. Not every great idea is a viable business.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

NZ Entrepreneur

NOVEMBER 14, 2019

One of the main (and early) steps is to make a considered decision about what IP means to your business and what IP tools will be used to support your business model. Not doing so can cause big problems later for your business. Patent infringement was certain had the New Zealand company entered the US market.

Intellectual Property 45

Intellectual Property IP Software Review New Zealand 45

Gust

JANUARY 4, 2012

Last month we covered the basics of intellectual property (IP) for startups, including a simple taxonomy, some common issues and related documents for entrepreneurs to use when forming a new startup. What kind of risk do we run of being put out of business by others’ IP rights ? Easier said than done!)

Intellectual Property 143

Intellectual Property IP Startup United States 143

Startup Professionals Musings

APRIL 4, 2022

According to my experience and this Motley Fool article from a few years ago, the challenge is very real, with around half of all new businesses no longer existing after five years. Consider licensing your product or intellectual property, and “white labeling.” Commit to a major customer.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Steve Blank

JUNE 26, 2014

We’re changing the order in which we teach the business model canvas and customer development to better-fit therapeutics, diagnostics and medical devices. The Lean LaunchPad class uses the three “ Lean Startup ” principles: Alexander Osterwalders “ business model canvas ” to frame hypotheses.

Intellectual Property 281

Intellectual Property Lean IP Open Source 281

Steve Blank

SEPTEMBER 16, 2014

Surprisingly if you’ve filled out the business model canvas you already know who you need. She started by sketching her business model canvas on a napkin, but somehow the conversation quickly shifted to what was really on her mind. ——-. I told Radhika this is a perennial question for startups.

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

Startup Professionals Musings

JANUARY 13, 2020

Registered patents and other intellectual property. A proven business model, ready to scale, is particularly attractive. A strategy of learning and willingness to pivot, based on market feedback, is a great survival skill and attitude, cherished by investors. Evidence of adaptability and flexibility.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

Steve Blank

APRIL 23, 2014

Most large companies manage three types of innovation: process innovation (making existing products incrementally better), continuous innovation (building on the strength of the company’s current business model but creating new elements) and disruptive innovation (creating products or services that did not exist before.).

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Startup Professionals Musings

DECEMBER 6, 2019

According to a well-researched Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

JUNE 30, 2019

According to my experience and a this Motley Fool article, the challenge is very real, with around half of all new businesses no longer existing after five years. Consider licensing your product or intellectual property, and “white labeling.” Commit to a major customer.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

YoungUpstarts

MAY 14, 2015

Intellectual Property, simply put, is a creation of the mind that’s unique. Designs are protected, primarily because the look and shape of a product can greatly increase a product’s marketability. It’s important to closely examine your business model, and your functioning and ultimately what IP you can protect.

Intellectual Property 100

Intellectual Property IP India Vesting 100

The Startup Magazine

MARCH 29, 2024

Take the time to research your market, identify your target audience, and refine your idea until it’s both good and compelling. Market Research and Analysis With your core idea in hand, diving into market research is your next step. Revenue streams are another critical component of your business model.

Intellectual Property 133

Intellectual Property Angel Investor Business Model Bootstrapping 133

Startup Professionals Musings

SEPTEMBER 30, 2013

For a business, you must define the absolute minimum features you need to satisfy the customer problem, and test it in the market. It doesn’t prove your business model of pricing, distribution, and support. Register some intellectual property. Get a real customer and real revenue.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity CTO Hire 281

Startup Professionals Musings

APRIL 29, 2023

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

Intellectual Property 278

Intellectual Property Social Media Business Model Employee 278

Startup Professionals Musings

SEPTEMBER 29, 2023

According to most definitions, anyone who starts a business is an entrepreneur , but most people don’t realize there are many startup types out there, and picking the wrong one can be just as disastrous as being stuck in a cubicle at work, or doing things with no interest and no skills. Aspire to be in control of your own domain.

Intellectual Property 243

Intellectual Property Matching Business Model Cofounder 243

Startup Professionals Musings

JANUARY 7, 2023

Every business, young or old, needs to avoid the following six mistakes that he outlines: Anticipating success based on the recent past. This fallacy, often called historical myopia, essentially involves extrapolating only from recent positive events, and ignoring the reality that markets saturate or evaporate.

Intellectual Property 314

Intellectual Property Entrepreneur Bankruptcy Viral 314

Startup Professionals Musings

JANUARY 14, 2023

Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Most consulting services, like marketing, are not scalable, since they must be delivered by experts, and cloning experts is slow and expensive. These are more likely scalable and investable.

Hockey Stick 339

Hockey Stick Intellectual Property Non-Compete Business Model 339

Startup Professionals Musings

DECEMBER 6, 2014

Registered patents and other intellectual property. A proven business model, ready to scale, is particularly attractive. A strategy of learning and willingness to pivot, based on market feedback, is a great survival skill and attitude, cherished by investors. Evidence of adaptability and flexibility.

Angel Investor 268

Angel Investor Intellectual Property Entrepreneur Early Stage 268

Startup Professionals Musings

AUGUST 31, 2012

For a business, you must define the absolute minimum features you need to satisfy the customer problem, and test it in the market. It doesn’t prove your business model of pricing, distribution, and support. Register some intellectual property. Get a real customer and real revenue.

Intellectual Property 260

Intellectual Property Sweat Equity CTO Hire Fractional CTO 260

Startup Professionals Musings

AUGUST 3, 2020

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. You have no shelf life, so you can’t make money while you sleep.

Intellectual Property 436

Intellectual Property Social Media Business Model Employee 436

Startup Professionals Musings

MARCH 11, 2016

Come with a product built and a proven business model. It takes more than one person, no matter how passionate, to grow an investible business. A business needs technical, marketing, financial and many other skills. Create and highlight your intellectual property portfolio.

Angel Investor 120

Angel Investor Intellectual Property Accredited Investor Angel Groups 120

Startup Professionals Musings

JULY 14, 2014

The problem is that professional investors (Angels and Venture Capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Consider licensing your product or intellectual property, and “white labeling.” Commit to a major customer.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Startup Professionals Musings

JULY 1, 2017

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Consider licensing your product or intellectual property, and “white labeling.” Commit to a major customer.

Product Development 177

Product Development Cost Developer Product 177

Startup Professionals Musings

NOVEMBER 30, 2015

If your strength is technology, find a co-founder who has a comparable strength in business, finance or marketing. Register some intellectual property to provide a barrier to entry. A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio.

Intellectual Property 120

Intellectual Property Entrepreneur Preferred Stock Stealth 120

Steve Blank

JANUARY 30, 2013

Doing so meant they would have to take risks for IP acquisition and customer/market risks outside their experience or comfort zone. Therefore a major error in setting up our corporate innovation program was our lack of understanding how disruptive it would be to the current innovation model and to the executives who ran the R&D Labs.

Programming 265

Programming Technical Review Incubator Intellectual Property 265

Startup Professionals Musings

MAY 1, 2021

Aspiring entrepreneurs ask me why their great idea hasn’t sold; they talk about it endlessly, and they expect others to do the development, finance, and marketing work for them. Starting a business may be fun, but it’s not easy. Your solution fills a real market need. Truly satisfied customers are a joy to every business person.

Sweat Equity 400

Sweat Equity Intellectual Property Startup Viral 400

Startup Professionals Musings

FEBRUARY 19, 2013

The problem is that professional investors (Angels and Venture Capital) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. Consider licensing your product or intellectual property, and “white labeling.” Commit to a major customer.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

Startup Professionals Musings

JUNE 17, 2011

For a business, you must define the absolute minimum features you need to satisfy the customer problem, and test it in the market. It doesn’t prove your business model of pricing, distribution, and support. Register some intellectual property. Get a real customer and real revenue.

Intellectual Property 253

Intellectual Property Sweat Equity CTO Hire Fractional CTO 253

Startup Professionals Musings

JANUARY 12, 2018

According to a recent Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Startup Professionals Musings

JULY 9, 2017

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Key activities. Key partners.

Business Model 143

Business Model Intellectual Property Startup Angel Investor 143

Startup Professionals Musings

NOVEMBER 4, 2011

Define some intellectual property. File a patent and trademarks to show real intellectual property. All the conviction and market research in the world are no substitute for real customers paying real money. This is called “validating the business model.” Free trials don’t count.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Startup Professionals Musings

APRIL 17, 2023

For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. Investors call this the seed stage , where money is required to build a market and a real product. The final product works great, and all the early users love it.”

Angel Investor 313

Angel Investor Intellectual Property Investment Bankers Private Equity 313

Startup Professionals Musings

NOVEMBER 21, 2016

They know it’s especially hard to provide a financial return with a free business model. Target market sizing higher than $10 billion. It’s true that investors like large markets, preferably in the billion dollar range and growing, but sizing a startup market greater than the GNP of many countries is just not credible.

Intellectual Property 120

Intellectual Property Valuation Technical Review Equity 120

Startup Professionals Musings

MAY 27, 2016

Who would have forecast that entrepreneur Gary Ross Dahl would make millions by starting a “ pet rock ” business way back in 1975? Beyond basic business and technical credentials, here are some of the key startup team attributes that every investor is looking for: Team shows an appreciation and plan for marketing.

Technical Review 134

Technical Review Intellectual Property Due Diligence Angel Investor 134

Startup Professionals Musings

JANUARY 16, 2021

According to most definitions, anyone who starts a business is an entrepreneur , but most people don’t realize there are many startup types out there, and picking the wrong one can be just as disastrous as being stuck in a cubicle at work, or doing things with no interest and no skills. Aspire to be in control of your own domain.

Intellectual Property 328

Intellectual Property Matching Business Model Cofounder 328

Startup Professionals Musings

APRIL 30, 2012

Investors highly prize gifted leaders who are business veterans with experience in similar ventures, who can move quickly and effectively. Great business model. Your offering should open new, large markets in ways that are tough for competitors to copy quickly. Intellectual property (IP). Scalability.

Intellectual Property 248

Intellectual Property Startup IP Finance 248

Steve Blank

JUNE 19, 2014

you make substantive changes to one or more parts of your initial business model, and this new data affects your biological and clinical hypotheses. understand the core customers and the sales and marketing process required for initial clinical sales and downstream commercialization.

Lean 269

Lean SBIR Intellectual Property Customer Development 269