Intellectual property (IP) is a huge talking point among investors, lawyers, and startups, and for good reason, too. In today’s market, a new business venture generally consists of the people starting it, their IP, and not much else. That’s why it’s so crucial to protect those assets and avoid these startup mistakes.
Continue reading “Intellectual Property Mistakes Startups Make”
If you have a small business, you might think that your assets are limited to what you have on hand. But the reality is that you haven’t considerable intangible assets tied up in your business that you haven’t considered. If your business is just getting started, the overwhelming majority of your company’s value comes from your intellectual property (IP). But despite their importance, most small businesses don’t do enough to protect their IP because they don’t know enough about it. Here are a few basics to help you get started.
Most of us don’t like to consider it, but risk is a fact of life. We take chances every day, some greater than others. None of us know what the future holds, and that can be a frightening thought. But consciously or not, we all find ways to try and mitigate that risk. We lock our cars and homes. We drive within a reasonable range of the speed limit. We exercise and visit the doctor to try to stave off illness. And yet none of these things can completely prevent us from falling victim to unfortunate circumstances Part of life is learning how to live with risk, and the same can be applied to the business world.
For small businesses that are just getting started, intellectual property (IP) is their most valuable asset. If your company has created a unique product, technology, or service, protecting the intellectual property you have developed is key to your success. Both the company’s founders and investors must ensure all IP is first identified and then protected through agreements and registration, while also avoiding infringing on the intellectual property of third parties.
As technology advances, human behavior changes. Where once we were forced to deal with others face-to-face, the internet has allowed us to communicate across great distances. We can talk to relatives who live across the country, or collaborate with colleagues on the other side of the world. But our means of communication can’t make us better; they can only reflect what we already are, for better or worse.
With the new year fast approaching, now is the time for people to make resolutions for 2016. We’re all going to eat better, exercise more, finally tell off that neighbor that’s been eyeballing us since we moved in. But words are cheap, and few of us meet those goals we so ambitiously set forth in the excitement of a fresh start.
Streaming services have become the latest step in the evolution of how we consume content. People are no longer encumbered by physical copies of the movies they want to watch or the music that they wish to listen to. That is especially true for music: not only do you not need to carry around your CDs or your iPod, you don’t have to own the work in order to listen to it, thanks to services like Spotify. All Spotify asks of its listeners is to listen to ads every few songs, or pay a nominal fee for the ad-free version of the app. But a recent lawsuit may shake up the way that millions of people get their music.
Thank you again to SCORE for hosting me for “IP 101: Why You Should Care About Your IP”. The response was literally overwhelming! We had over six hundred webinar registrants and more than two hundred people attended live – you can listen