Funding Your Invention
David O’Steen is a talented Patent Attorney who also had a ton of experiences regarding litigation and funding. We got talking about the latter and I said, ‘you have got to tell my people about this’. I literally dropped my Jaw when I saw the presentation he is planning on giving us and decided to include the outline here.
- A brief overview of the types of funding available to startups/entrepreneurs
- Angel Investors
- Venture Capitalists (VCs)
- Banks
- Other Private Equity
- Etc.
- Understanding the venture capital business model (and how it affects the startup)
- How VCs raise money
- What VCs look for in target companies
- How VCs interact with companies
- How VCs make money
- Issues when interacting with VCs
- Protecting your ideas
- The (very) basics of corporate governance
- Legal due diligence on a target business from the VC/investor perspective
- Quick overview of other considerations for protecting your ideas
I mean … What more could you ask for! He believes that most of the problems between entrepreneurs and investors arise from the two parties not understanding what the other considers important and/or ultimately wants. Furthermore, there are a few key considerations regarding protecting intellectual property of which he thinks that all inventors and entrepreneurs should be aware.
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