What kinds of start ups? You may find some scattered IT here and there but I highly doubt you'll find a lot of high tech. There are reasons why the term industry clusters was coined. High tech requires more than just facilities and infrastructure, it requires people and teams that are more than 1...
Before I get to your question, let me give you a tip: always aim settle questions of payment before the work happens. It is ten times easier to agree on a price beforehand, and having done that doesn't stop you from changing it by mutual agreement later. The problem with paying cash is pretty ob...
Mike, I am assuming you'd have gained significant insights on the probable demand for your application. If I build, they will come could be a fatal proposition to presume. I am telling this, both, after having worked with numerous entrepreneurs as an independent consultant to working with startu...
In almost any business your first clients will come from the network of people you know. Be bold in letting everyone who knows you know what you are up to and why you are good at it . Once you have your first few under your belt you will have a better sense of what makes you unique and spatial. ...
Here are some of the ways you can do this: Start a blog on the topic of growing a business. Make a YouTube channel and record yourself talking, write an ebook (Free or paid), be active on the social media (especially LinkedIn and Twitter), guest blog post for websites that are worth it.
[Background: I started my first business at 12, 3x founder by time I was 22. Named by White House as one of the top US entrepreneurs under 30.] Young entrepreneurs can succeed, just like older ones can. Younger founders have certain pluses that older ones don't, and vice versa. One group is not...
Really depends on how many rounds of funding you think you'll need. Most startup founders have their equity diluted anywhere from 15%-33% after 2-3 rounds of funding. If he is a key partner, then 25% is fair and a better deal for you. VCs hate preferred shares being issued because it just complic...
First thing you should do is talk to a patent lawyer. Specially your employers lawyer. There is something called "trade secrets" that are consider all the knowledge that you are getting and applying. This secrets could be used by the company to sue you later on. Be very careful before you start. ...
Even if your competitor continuously capitalizes on your ideas, by imitating your product features, etc., and even if he grows exponentially faster than you, it shouldn't intimidate you. Similar product, less money, whatever else, doesn't matter. Get awesomely creative with your marketing. Focus...
One is a SERVICE. Services sometimes have issues with profitability when scaling. You end up managing people and profit margins stay the same or decrease. The other is a PRODUCT. Products generally scale better as the cost of product remains more or less the same (COGS). Many people start cons...