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Why startups fail

My friend Michael Trout says: Fourteen million business plans are submitted each year in the U.S. (according to Google Aardvark) and only 2000-3000 (according to Adeo of TheFunded.com) are deemed successful! So, if you are submitting a business plan then you have a 0.0214% of getting funding each year! From a systemic perspective, most startups

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A nation adrift

Ever paused to reflect on the odd nature of jurisdiction? The rules that govern your behavior change as you move to different sections of the earth’s crust. Don’t like the rules here? Go stand on another rock. Land-centric provincialism seems increasingly archaic in the age of the internet, a truly global village where the rock

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What is Facebook?

I’ve gotten a little play lately for saying, “Linkedin is your resume; Twitter is your personality.” (Borges, Marketing 2.0: Bridging the Gap between Seller and Buyer through Social Media Marketing, 2009.) Now I’m being asked, in so many words, “OK bub, you think you’re so full of pith and vinegar… Let’s have a metaphor for

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Three Reasons Why It’s the Dawn of the Entrepreneurial Age

Three Reasons Why It’s the Dawn of the Entrepreneurial Age. Opening Keynote, TechVenture2009 Conference, 16 Nov 2009, Tampa Some moments matter more than others. Humanity is at an inflexion point in history that makes this moment the Entrepreneur’s moment. When the history of this time is written, they will call it the true dawn of

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Why Get Patents?

Why should I bother with patents? Don’t they take forever to be awarded? Doesn’t copyright last longer? (And aren’t patents evil?) The conservative (as in conservation of value – I’m not using it in the political sense) business practice is to patent wherever possible and use copyright registration or trade secret protection as simultaneous regimes

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Startup FAQ 11. What’s the Difference Between a Work-for-Hire and an Assignment Agreement?

Ein minuten, bitte. Aren’t you forgetting something back there? If my company doesn’t get a work-for-hire agreement, why can’t we just get an assignment agreement later?” As assignment is good, but not as good as a work-for-hire. A proper work-for-hire is a permanent vesting of copyright ownership in the buyer. But if there is no

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