Tag: Entrepreneurs
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Questions for Entrepreneurs: Are You The Right Person?
Entrepreneurs and inventors have eternal optimism, which is contagious. They are animated, motivated, and have relentless energy when they are striving to their goals. They can be immensely fun (and frustrating) to be around. But…
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Two Parts of a Patent Application: What You Give Away and What You Get In Return
Patent applicants are told that they are getting a “monopoly” on their invention, and that leaves out half of the equation. Patent applications come in two parts – the specification and the claims. The specification…
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You – And Only You – Are Responsible for Your Patent
The sad story of how an inventor was taken advantage of by his patent attorney. In 1989, Steven Byrne invented an accessory to a string trimmer – the ubiquitous ‘weed whacker’ used for landscaping. Mr.…
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Patents on Vision vs Patents on Inventions
There is a big difference between an entrepreneur’s vision and the entrepreneur’s inventions. Often the entrepreneur (and their investors) confuse the two. Entrepreneurs are fond of having big, bold visions of the future. A future…
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Good Stewards of Capital
The single most important thing you need to show an angel investor. Angel investors hear countless pitches from all kinds of entrepreneurs, some of which are extraordinarily capable scientists and visionaries who have fantastic technical…
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Feedback – and the Truth
Good feedback needs to hurt. Anyone who is trying to pitch a new business idea needs to hear the hard truth, whether or not you are an entrepreneur doing the angel investment circuit or you…
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Crystalizing Your Invention
One of the many curses of a self-written provisional patent[1] application Entrepreneurs buy into the myth – perpetuated by the patent bar – that they should write and file provisional patent applications before bringing their…
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Investment Grade Patents Need Investment Grade Businesses
The simple fact is that patents only have value when they are infringed. When I invest in a patent through patent financing, I need the startup company to bring their product to market, otherwise, the…
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Patents Enable Innovation – not the other way around
Sophisticated companies view patents as *enabling* innovation, not as a result of it. This comes from a much more holistic view of IP protection. Startups and first time entrepreneurs/inventors focus on “protecting” their investment in…
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IP Theft by an “Angel” Investor
An angry “angel” investor commits federal crimes by stealing IP. How an investor stole intellectual property from a portfolio company. This is a true story. Sadly, predatory actions by so-called “angel” investors are more common…