Nico Macdonald | Spy | ||
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Designing a Business
19 September 2006 (Design Council, London)
An
Own It panel looking at building a business around design-based intellectual
property
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Below
are noted further reading and listening, key
themes and points, and outlines of the
four panelists’ presentations (based on the presentations
rather than the actual talks). A recording of the event is being
edited and will be made available in due course. Event attendees
should be notified accordingly.
Event announcement and speaker biographiesSee event information on the Own It site. The event was also listed on the London Design Festival site. PanelistsMichael Kowalski, Kitsite Follow-up
Related events
Further reading and listeningInnovating the Web Experience series ‘Building Your Own Start-up Technology Company’ Dirk Knemeyer, Digital Web magazine, March 14, 2006. Part 2/Part 3/Part 4. An excellent article series that covers the issues around designing a business following a similar structure to this event. It is oriented to online products, but many points are of general relevance.Ryan Carson talks about developing a scalable software application/business [streaming MP3], focused on his DropSend application, at the Carson Workshops Summit – The Future of Web Apps in London in 2006. Also oriented to online products, but many points of general relevance. A general theme is controlling expenditure during the startup phase.Chicago-based 37signals’ book Getting Real on “the smarter, faster, easier way to build a successful web application” based around their move from being a design studio to creating successful Web-based applications such as Basecamp. Again, oriented to online products.Key themes and pointsMichael Kowalski, Kitsite On partners: we worked well together and could argue.. First client allowed us to live off revenue... Most business is just business... People don’t buy innovation... User experience is a hard sell... Sell yourself: use your network... If your customers are your friends that is a good place to be... Everyone thinks they are an interaction designer... If your ideas are easy for someone else to do then they are probably [not strong enough]... Shipping brings in revenue, and real users for feedback... NDAs: we don’t do them any more Hugh Mason, Pembridge Partners Same issues crop up in different companies... Know yourself [what kind of company you are]... [Make sure] the business is separate from the people who run it... “Nothing gives me more pleasure than creating something and walking away from it.”... [Investors are] more interested in geese than golden eggs... Most businesses fail within first two years... investors think in terms of physical assets... [And they] don’t invest in business plans but in teams of people who can solve problems... [Ensure you have the key management positions filled]... Stick to the business plan format... Prove you can deliver beyond spreadsheets... Products don’t ‘sell themselves’... Pitch the firm, not the product... Investors don’t like businesses which need large investment upfront or which have costs scaling with sales. Dominic Speller, CPA Make IP research part of your brand... Every company is an Internet company. Domain registration is an effective way of getting brand out early... [If you don’t do your prep properly you risk] wasting revenue and time on creative process and losing possible sales... [Examples of use of Overture tour of word associations and DomainSurfer... [Case study: Olympics/London 2012: inadvertent infringement]... [Case study: Starbucks: explicit infringement]... Resources: UKPTO site, IP Review magazine (free subscription available), IPKat (Weblog with UK and European perspective on copyright, patent and trade mark issues), Managing Intellectual Property magazine, Trademark World magazine and Patent World magazine (from IPWorld Online), Intellectual Asset Management magazine... Keep an eye on IP early on. Dave Sandbach, IOGI Don’t shield ideas... Protect stuff that
gives you most advantage... [Protecting IP need not be expensive]...
Much is free in IPR... About tipping the balance in your favour:
make it easier to do business with you than work around you... Take
all ideas, write them down, think of them as manageable... Work under
controlled confidentiality or “just do business”... [Case
study: Eleksen] Idea around softness of human beings and technology...
Thought about what we were selling as a bundle... Did a deal with
a patent agent... “We had an IP strategy right from the beginning”...
Aimed to make real products that were manufacturable in this (currently
small) sector... Business plan around four sectors: toys, PDAs, automotive,
healthcare (latter two would have taken 7 years to build... Easy
to generate excitement when something looks new, but harder to close
deals... The ‘grow-fast’ strategy required serious investment – hence
the VC route. Possible issues for discussionWhat are creatives least good at? Connections,
finance, selling, branding & markeing Presentation from Michael KowalskiBy Michael Kowalski What we doHistoryThings we’ve learned
Things that didn’t matter
How to attract an investorBy Hugh Mason, Pembridge Partners Part 1: Know yourself
Part 2: Know your investor
Part 3: No surprises
Designing a business – creating IPBy Dominic Speller, CPATop Tips to get a protected brandDevelop your brand
IP researchBe creative, but realisticDigital
TrademarksTrademarks can be an expensive business
IP resourcesIP resources to stay on top of the industryDesigning early stage businesses around smarter use of IPBy Dave Sandbach, IOGIIP misconceptionsThese don’t really apply to early stage companies:
Instead:
What to protect
Case study: Electrotextiles
Case study: Moixa EnergyAdvice
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