NZ Entrepreneur

NOVEMBER 14, 2019

It is vital to know early on what IP protection a startup can have, what the benefits will be, and what the costs will be to secure such protection over time. However, the costs of keeping such secrets, or the cost of losing the secrets to your competitor, can also be high. Anton Blijlevens is a Partner at AJ Park.

Intellectual Property 45

Intellectual Property IP Software Review New Zealand 45

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

Startup Professionals Musings

JANUARY 13, 2020

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Registered patents and other intellectual property. Being the first mover or lowest cost is not a good long-term strategy.

Intellectual Property 316

Intellectual Property Angel Investor Early Stage Venture Capital 316

Steve Blank

JUNE 26, 2014

Finally we move to the left side of the canvas to teach the supporting elements of Resources, Partners, Activities and Costs. Hypotheses about Intellectual Property, Reimbursement, Regulation and Clinical Trials found on the left side of canvas are as, or more important than those on the right side of the canvas.

Intellectual Property 281

Intellectual Property Lean IP Open Source 281

Startup Professionals Musings

FEBRUARY 15, 2021

Capitalize on shared costs and common distribution. This approach has been used for years, and implies very little risk, but many startups are still “too busy” to pursuing possible partners. Think about your core values and priorities, and look only at potential partners who have the same culture.

Partner 434

Partner Non-disclosure Agreement Intellectual Property Non-Compete 434

NZ Entrepreneur

AUGUST 12, 2020

This article is the third of a three-part series by Baldwins Intellectual Property that focuses on the importance of intellectual property for startup companies. What is intellectual property? Intellectual property is about creations of the mind.

Intellectual Property 91

Intellectual Property New Zealand Startup Early Stage 91

The Startup Magazine

FEBRUARY 21, 2024

The most poignant of these challenges was the quest for capital partners, which was not just about securing capital but about finding collaborators who were willing to believe in the vision and commit to the long-term journey. Simultaneously, we conducted a thorough operational review to identify inefficiencies and areas for cost reduction.

Technical Review 132

Technical Review Due Diligence Bankruptcy Intellectual Property 132

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. Or can we outsource these activities to Partners?” So What Does this Have to Do With A Founding Team? Are we missing a founder?

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Cofounder Founder Intellectual Property Business Model 335

Startup Professionals Musings

FEBRUARY 14, 2020

The new paradigm, driven by disruptive technologies, cloud-served supercomputing, and the new generation of young adults with global empathy, is partnering and giving something now for a competitive advantage in the future. Find partners who can do what you cannot do alone. Learn by experimenting in low-cost and iterative ways.

Partner 310

Partner Intellectual Property Silicon Valley Startup 310

Steve Blank

APRIL 23, 2014

Companies manage these three types of innovation with an innovation portfolio – they build innovation internally, they buy it or they partner with resources outside their company. If they decide to buy, large companies can: license/acquire intellectual property. Five Types of Innovation to Buy.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Startup Professionals Musings

SEPTEMBER 10, 2018

The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. Your idea is not intellectual property yet, so it has no inherent value. Now comes the reality check. Key to required patents or trade secrets.

Equity 238

Equity Cofounder Technical Cofounder Intellectual Property 238

YoungUpstarts

MARCH 7, 2016

Understanding the four main types of intellectual property is a preliminary step to intellectual property acumen as patents, trademarks, trade secrets and copyrights each have their own legal protections. Does my company own its intellectual property? What should my IP strategy be?

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Intellectual Property NDA IP Early Stage 100

Startup Professionals Musings

NOVEMBER 4, 2019

I love good causes and social entrepreneurs, but a recent pitch to me about eliminating world hunger with a new product (harvesting algae at low cost) seemed to forget that really hungry people don’t have any money. Build a credible business implementation plan to quantify costs. Even a non-profit needs income to operate.

Intellectual Property 235

Intellectual Property Elevator Pitch Harvest Technical Review 235

Up and Running

JULY 5, 2021

And hiring an intellectual property attorney may seem like a budget dealbreaker. Working with an attorney is an added cost that many entrepreneurs are hesitant to spend, especially before their venture is turning a profit. Ultimately, the upfront cost of a trademark lawyer should be considered an investment into your business.

Hiring 133

Hiring Intellectual Property United States Search 133

Startup Professionals Musings

AUGUST 25, 2018

The cost of rolling out a business has never been lower – it only takes a few hundred dollars to incorporate a Limited Liability Corp (LLC) online, create your own website, use social media to get attention, and you are in business. In the early Internet days, it would cost a million dollars to get this far.

Technical Cofounder 184

Technical Cofounder Intellectual Property Silicon Valley LLC 184

Startup Professionals Musings

SEPTEMBER 30, 2013

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. 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.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity CTO Hire 281

YoungUpstarts

MAY 22, 2016

Choosing the right business structure for your startup will have important implications on the cost, flexibility and tax consequences of running your business. If you are developing your startup with a partner or co-founder, failing to create a detailed business partnership can cause serious legal ramifications later.

Intellectual Property 124

Intellectual Property Startup Cofounder Technical Review 124

Startup Professionals Musings

AUGUST 25, 2017

In case you haven’t noticed it, the rapid evolution of do-it-yourself (DIY) facilities for developers, including 3-D printers, SketchUp and makerspaces such as TechShop , have scaled down the cost of prototypes and hardware design by an order of magnitude. Quick low-cost design and fabrication alternatives are extremely valuable.

Technical Cofounder 153

Technical Cofounder Intellectual Property Wiki Cofounder 153

Startup Professionals Musings

FEBRUARY 15, 2023

It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Operate small, but show a big-company image.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Startup Professionals Musings

APRIL 11, 2022

Every business needs revenue to provide investor returns and offset costs. Every entrepreneur needs to know and communicate the total costs associated with their solution or product, including cost of goods sold, customer acquisition costs, capital costs, operational expenses, and partner costs.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Startup Professionals Musings

DECEMBER 6, 2014

It takes more than one person to build a business, so the lone entrepreneur, without support from any visible team, advisors, partners, or potential customers, will not attract investors. Registered patents and other intellectual property. Being the first mover or lowest cost is not a good long-term strategy.

Angel Investor 268

Angel Investor Intellectual Property Entrepreneur Early Stage 268

Startup Professionals Musings

AUGUST 31, 2012

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. 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.

Intellectual Property 260

Intellectual Property Sweat Equity CTO Hire Fractional CTO 260

Startup Professionals Musings

AUGUST 4, 2014

The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. Your idea is not intellectual property yet, so it has no inherent value. Now comes the reality check. Key to required patents or trade secrets.

Cofounder 261

Cofounder Stock Founder Technical Cofounder 261

Startup Professionals Musings

APRIL 28, 2023

Strategic partnerships in this context can take the form of joint ventures, intellectual property licensing, outsourcing agreements, or even cooperative research. Beyond that, there may be a large percentage of common technology where they both need to minimize cost to gain share from the big dinosaurs who already have this advantage.

Non-Compete 262

Non-Compete Intellectual Property Merger Acquisition 262

Startup Professionals Musings

JANUARY 14, 2023

Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. A software product is a classic example of a scalable solution, since it costs real money to build the first copy, but unlimited additional copies can be quickly cloned for almost no incremental cost.

Hockey Stick 339

Hockey Stick Intellectual Property Non-Compete Business Model 339

Startup Professionals Musings

JUNE 17, 2011

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. 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.

Intellectual Property 253

Intellectual Property Sweat Equity CTO Hire Fractional CTO 253

Startup Professionals Musings

MAY 29, 2021

The professors know how to get grants to fund development for you in strategic focus areas, like biotech, that would otherwise cost you many thousands of dollars. Most universities have friendly law professors, or an entrepreneurship legal clinic, to address concerns like protection of intellectual property and privacy.

Arizona 432

Arizona Phoenix Intellectual Property Incubator 432

Startup Professionals Musings

MAY 4, 2016

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Investors and partners now look only for a framework of your business essentials, within the context of your opportunity, solution, and financials. The cost of social media done well is low. Marty Zwilling.

Intellectual Property 120

Intellectual Property Startup Angel Groups Social Media 120

Startup Professionals Musings

AUGUST 25, 2023

The cost of entry has never been lower, with new tools to create your own website , and free social media to get your message out everywhere. Make sure the name and trademarks you want are available, as well as web site address, social media tags, and any other intellectual property.

Intellectual Property 245

Intellectual Property Social Media Angel Investor Metrics 245

ReadWriteStart

SEPTEMBER 3, 2020

According to Deloitte , 59% of companies outsource to cut costs. Fortunately, the internet makes it easier than ever to connect and partner with subject-matter experts who will show you exactly how to outsource as an entrepreneur. To help your partner, provide examples of what you would like to be done. Know Your Budget.

Entrepreneur 97

Entrepreneur Technical Review Intellectual Property Partner 97

Startup Professionals Musings

MARCH 17, 2023

For example, “While Product X has worked well in the server market, my product also provides Cloud support, to drastically reduce IT costs and maintenance.” Emphasize intellectual property and dynamic product line. Talk about competitors with positive statements about the advantages of your own product.

Intellectual Property 279

Intellectual Property Cloud Leadership Global 279

Startup Professionals Musings

MAY 18, 2020

It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Operate small, but show a big-company image.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

Startup Professionals Musings

AUGUST 24, 2016

The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. Your idea is not intellectual property yet, so it has no inherent value. Now comes the reality check. Key to required patents or trade secrets.

Equity 120

Equity Cofounder Technical Cofounder Intellectual Property 120

Berkonomics

AUGUST 27, 2020

Copies of intellectual property filings such as patents, copyrights and trademarks, all owned URL addresses, and even copies of source code, may be resident in the deal room, dependent upon the type of buyer. Up-to-date insurance policies, leases, financial documents and schedules such as fixed assets are copied here. The payoff.

Software Review 62

Software Review Due Diligence Intellectual Property IPO 62

Startup Professionals Musings

AUGUST 1, 2020

Strategic partnerships in this context can take the form of joint ventures, intellectual property licensing, outsourcing agreements, or even cooperative research. Beyond that, there may be a large percentage of common technology where they both need to minimize cost to gain share from the big dinosaurs who already have this advantage.

Non-Compete 317

Non-Compete Intellectual Property Merger Acquisition 317

Startup Professionals Musings

SEPTEMBER 1, 2018

Strategic partnerships in this context can take the form of joint ventures, intellectual property licensing, outsourcing agreements, or even cooperative research. Beyond that, there may be a large percentage of common technology where they both need to minimize cost to gain share from the big dinosaurs who already have this advantage.

Partner 147

Partner Non-Compete Intellectual Property Merger 147

Startup Professionals Musings

JUNE 14, 2014

Strategic partnerships in this context can take the form of joint ventures, intellectual property licensing, outsourcing agreements, or even cooperative research. Beyond that, there may be a large percentage of common technology where they both need to minimize cost to gain share from the big dinosaurs who already have this advantage.

Partner 244

Partner Non-Compete Intellectual Property Merger 244