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Invention Mistakes Made at the “Idea Stage”
Patents at the idea stage represent a huge risk because there just is not any data to support an investment in a patent.
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The S-Curve, Innovation, and Intellectual Property
Every technology grows on an “S-curve.” The S-curve cycle is where an idea is born, then it struggles to get product-market fit through infancy. Once it begins to get traction, there is a period of growth, after which the technology levels out and eventually declines.
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2020 Has Been The Best Year
I am sad to see 2020 go. It has been a monumental year in many ways. Lots of things were shaken very hard, and many things broke under the stress, but many things were improved.
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I Do Not Want a Patent I Do Not Deserve
It is really tempting to think that you can get an enormously valuable patent. Then you can dominate some big market and get paid handsomely.
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Betting on the Home Run
Angel investing requires analyzing the ability of the entrepreneur to make their business happen. Entrepreneurs who bet everything on a single home run are very poor investments. It is much better to find the “grinder” startup who is willing to do the hard work.
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Using Patents as Blackmail
My company finances patents for small to medium sized companies, so I often get inquires from people who want to build out a patent portfolio. A while ago, I received a call from an inventor who wanted to file a bunch of patent applications, then sell them back his former employer.
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Startup Fundraising – Pluses and Minuses
Fundraising for a startup company often takes more skill, talent, and innovation than creating the product or service you want to deliver. I deal with IP-centric businesses where patents are a core asset, and that implies that the entrepreneur is creative, innovative, and tries new things.
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Types of Patents
Patents have been the bedrock of innovation, powering the innovations of our early republic, through the Industrial Revolution and patents continue to play a big role in today’s technology improvements.
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Hacking the business plan for startup funding
Want to start your own side-hustle business? Thinking about launching a new product line in your corporation? Both projects have the same steps.
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How long do patents last?
Updated 19 July 2021.