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

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

This could involve leasing out unused space, selling off non-core assets, or finding innovative ways to monetize intellectual property or data. 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

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. Include marketing, sales, and customer rollout plans.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

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

JANUARY 27, 2016

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. Copyright intellectual property protection is already given automatically and immediately without the need to register the copyright with a government.

Software Review 120

Software Review Intellectual Property Software Technical Review 120

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

A Smart Bear: Startups and Marketing for Geeks

JUNE 20, 2011

I recently helped a friend broker the sale of his small, bootstrapped company. This is a smart guy with experience and a logical approach to such things, but the way he was initially trying to value his company was not only wrong, but the wrong way to think about the entire sale. To stoke an existing sales channel.

Sales 260

Sales Channel Cofounder Valuation 260

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

DECEMBER 10, 2009

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.

Intellectual Property 213

Intellectual Property IP Software Review Non-disclosure Agreement 213

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

JANUARY 12, 2018

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.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Startup Professionals Musings

SEPTEMBER 8, 2018

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.

Technical Review 215

Technical Review Intellectual Property Early Stage Global 215

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. Low cost and low margin products can be winners, if the volume is high enough.

Intellectual Property 278

Intellectual Property Social Media Business Model Employee 278

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. Low cost and low margin products can be winners, if the volume is high enough.

Intellectual Property 436

Intellectual Property Social Media Business Model Employee 436

Startup Professionals Musings

APRIL 11, 2022

Every business needs revenue to provide investor returns and offset costs. Popular revenue models today include recurring subscription charges, licensing, as well the traditional sale or lease model. Every team and every individual should know their own cost contributions required to complete their activities. Key resources.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

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

The Startup Magazine

MARCH 17, 2020

intellectual properties or proprietary technologies) are giving you a competitive advantage, what makes your brand attractive to its target audience, and what tangible or intangible attributes are elevating your reputation in the marketplace. Create content that can effectively progress your prospects down the sales funnel.

Marketing 108

Marketing Intellectual Property eCommerce Advertising 108

Startup Professionals Musings

JULY 8, 2015

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.

Entrepreneur 120

Entrepreneur Intellectual Property Technical Review Incubator 120

Startup Professionals Musings

JULY 18, 2022

As you begin to saturate the demand in domestic markets, let your brand take you international at low cost. Software can be developed “offshore” for a low cost, manufacturing volumes are quickly available from China, and European designs have increased opportunities in every country. Balance your business between geographies.

Global 266

Global North America Intellectual Property Offshore 266

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.

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. So when I meet with GRP portfolio companies that do enterprise sales I try to emphasize the following: 1. Often your sales engineers can do the customizations without bugging the core eng team.

Software Review 321

Software Review Software IP Technical Review 321

Startup Professionals Musings

MARCH 12, 2021

What you don’t need is a buyer dealing directly with your landlord to get your key asset, leaving you with no leverage and minimum value for the sale. Neither perspective is good for credibility or a fair result from your sale. Not getting a signed non-disclosure before negotiating can cost you dearly in value.

Due Diligence 410

Due Diligence Intellectual Property Bankruptcy Exit Strategy 410

Startup Professionals Musings

APRIL 26, 2021

Every business, including non-profits, need a viable source of revenue to cover the costs of operation and sustainability. The most attractive revenue model today for services is subscriptions, and for products it is sales and support. Show a cost margin of at least fifty percent. Specify a primary customer channel for sales.

Intellectual Property 332

Intellectual Property Angel Investor Business Model Channel 332

YoungUpstarts

OCTOBER 15, 2017

by David Nagrosst, head of sales for Cyxtera Technologies in Asia Pacific, Australia and Japan. Breaches involving health information, trade secrets, and intellectual property can be devastating for the affected brand. Without a doubt, the firewall era has come to an end. The onset of death. So what can organizations do?

Security 140

Security Software Review Technical Review API 140

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.

Cram Down 269

Cram Down Angel Investor Intellectual Property Venture Capital 269

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. [Email readers, continue here…] But maintaining such an electronic or physical facility is time-consuming and costly.

Software Review 62

Software Review Due Diligence Intellectual Property IPO 62

Up and Running

NOVEMBER 5, 2018

What will it cost to start that business? Many people underestimate startup costs and start their business in a haphazard, unplanned way. Estimating realistic startup costs is one of the key elements of your financial plan. What are startup costs? It’s always a guess—but you can make it a good educated guess.

Cost 150

Cost Balance Sheet Startup Intellectual Property 150

Startup Professionals Musings

MAY 27, 2016

Investors like to see new intellectual property as a barrier to entry. Investors expect to hear annual revenues, average margins, customer acquisition costs and sales pipelines. Every investor I know has seen multiple plans to add more features to Facebook, or add yet another dating site.

Technical Review 134

Technical Review Intellectual Property Due Diligence Angel Investor 134

ConversionXL

JUNE 6, 2017

Neuroscience research by Gregory Berns and Sara Moore from Emory University found subjective likability is a poor indicator of sales. Instead, activation of the brain’s reward center was much more predictive of future sales than subjective likability. This motivation model is the intellectual property of BEYOND REASON.

Sales 86

Sales Marketing Cuba Intellectual Property 86

The Startup Magazine

MARCH 29, 2024

Will you opt for direct sales, subscriptions, or a freemium model? Content marketing, social media, and email campaigns can be cost-effective ways to engage your audience and build brand awareness. Understand your costs, both fixed and variable, and plan your finances accordingly to sustain operations and fuel growth.

Intellectual Property 130

Intellectual Property Angel Investor Business Model Bootstrapping 130

Startup Professionals Musings

APRIL 19, 2020

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 386

Hockey Stick Intellectual Property Startup Non-Compete 386

Up and Running

SEPTEMBER 19, 2018

Financial Summary: Explain your business model, startup costs, revenues, and liabilities to the company. Once you identify your ideal customer, you can tailor your marketing and sales plan to that person. Components of this section include: Your marketing and sales plan. Marketing and sales plan. Be specific.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Startup Professionals Musings

AUGUST 20, 2016

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.

Technical Review 120

Technical Review Intellectual Property Early Stage Global 120

Startup Professionals Musings

AUGUST 26, 2020

The Apple computer was really “invented” by Steve Wozniak , but it was the marketing and sales efforts of Steve Jobs that really led to Apple’s success. It also increases your marketing and support costs. The Segway personal motorized scooter is a great piece of technology, but most people just didn’t find it worth the cost.

Intellectual Property 341

Intellectual Property .Net Technology Government 341

Steve Blank

MAY 17, 2022

Engineers can input design goals into AI-driven generative design software , along with parameters such as performance or spatial requirements, materials, manufacturing methods, and cost constraints. GPT-3 uses 175 billion parameters and was trained on a cluster with 1,024 Nvidia A100 GPUs that cost ~$25 million! Example here.

Artificial Inteligence 417

Artificial Inteligence Software Review Algorithm Technical Review 417

ReadWriteStart

SEPTEMBER 3, 2020

According to Deloitte , 59% of companies outsource to cut costs. These principles will help you calculate your costs, successfully plan , and understand what needs to be done on your end to ensure your partners get the job done right. As the owner, you do not need to know the nuances of computer programming, marketing, or sales.

Entrepreneur 97

Entrepreneur Technical Review Intellectual Property Partner 97