Funding growth - with the value of your ideas. IP-backed lending with patents as collateral, ideally suited for growth-stage companies. #patents#venture#angel
@SteveForbesCEO Litigation funding is not a "get rich quick scheme" - especially in patent cases. They drag on for years and years with no hope of settling. Note how many trials/appeals are in this case https://t.co/tNfoAHyAsC
@DarrelFrater "A mission and vision that gets people excited" is a negative.
I invest where there is a dispassionate, data-driven conclusion that the business is the single best use of time and resources. I avoid "passion" and "mission."
@Austen In the money call options are essentially a margined investment. And you call dial the risk up or down depending on how deep in the money you choose.
@DarrelFrater You might want to start here: https://t.co/clI4gBqyAx
Find a group nearby. The angel groups need startups every bit as badly as the startups need angel groups.
@levelsio This has been true since the beginning of time.
You can either take personal responsibility to generate your own income, or you can outsource it to an employer.
The reason why law firms exist (and their $10K fees for $2K of work) is simple: risk-transfer.
Yes, LLMs can give you "an" answer to a legal question, but if you follow that answer, you could be personally liable as CEO.
If you get the same answer from a law firm, the responsibility is on the law firm, and you met your fiduciary duty.
Service firms need to figure out how to get software margins. Example: I send an LPA to our law firm (which we really like!) They have an associate review for 5 hours and create an issues list. Tbh, I think AI can do this in 1 minute. But, the law firms’ business model is to charge by the hour. Seems like the solution they need to go is to do project based fees. Charge us $10K or $5K (some other firm will offer us this, or lower). And then figure out how to get their own cost to sub $2K. Voila, 80% software margin 💥
Somewhere along the way, we decided creativity should be efficient.
We gave it a workflow. A checklist. A deadline.
And that’s when it started to die.
The problem is not process. It is how we use it. We turned creativity into something that fits cleanly inside project management tools and sprints. But real breakthroughs rarely fit in a sprint. They show up late. They interrupt the plan. They emerge through friction, false starts, and the kind of work that looks inefficient until it suddenly is not.
The most dangerous myth in modern work is that creativity can be optimized the same way we optimize everything else.
It cannot.
The moment creative work becomes too easy, too fast, or too safe, you are probably polishing the obvious instead of discovering something original.
That is the risk of AI and automation. Not just that it helps us create faster, but that it teaches us to expect creativity to arrive on time. To look logical. To feel comfortable.
It will not.
Real creativity is unruly. It is inconvenient. It makes you question your assumptions and backtrack when everything looked finished. It is full of tension, ambiguity, and open questions.
If you are building something new and the process feels smooth, pause. Ask yourself if you are protecting speed at the cost of originality.
Do not let creative work become too efficient. Because once it does, it stops being creative.
@jefielding Its the functional equivalent of the "fart app" when the iPhone launched. Any kid in their mom's basement can do it.
Best to ride out this wave and wait for the grownups to put some effort into solving real-world problems, not hyping a "new" technology.
Patents won't save a bad business, but they can destroy a good one if mismanaged.
In this week's episode, patent expert, @russ_krajec of @BlueIronIP, shares why most founders get IP strategy wrong and what angels should look for in due diligence.
https://t.co/DycfWoCUwJ
Congratulations @SpangenBlog and @DonaldJTrumpJr ! Welcome to the future of IP - You just opened up a huge spigot of value for the economy. https://t.co/OE3Ya67alB
@hnshah "Raising money delays failure." - I prefer bootstrapped companies (or at least founders who do not take salaries). They have skin in the game and intense motivation.