: Anil Sethi
: From Science to Startup The Inside Track of Technology Entrepreneurship
: Copernicus
: 9783319304243
: 1
: CHF 47.40
:
: Volkswirtschaft
: English
: 243
: Wasserzeichen/DRM
: PC/MAC/eReader/Tablet
: PDF

This book charts the experiences, pitfalls and knowledge behind leading scientific ideas to successful startups. Written by one of Switzerland's top serial entrepreneurs, this book is a must-read for scientists and academicians who want to see their idea turn into a product and change the market. It is also pertinent for finance and business professionals who aspire to become technology entrepreneurs. Starting with personal qualities of an entrepreneur, Anil Sethi discusses successful ideas, technology evaluation, team formation, patents and investor expectations. To guide the entrepreneur, this book also analyzes deal closing, equity conversion and ideal exit strategies to follow. Ultimately Anil Sethi reveals the 'inside track' which helps understand what drives entrepreneurs and what they wouldn't admit.



Acknowledgements5
Contents7
1: Prologue13
2: Are You Meant to Be an Entrepreneur?15
2.1 The MBA18
2.2 Life After MBA20
2.3 Time for Ideas22
2.4 The Clock Is Ticking23
2.5 Get Started!24
2.6 Present: And Feel Good Doing It26
2.7 Setting the Stage27
3: Ideas to Shoot and Root for28
3.1 Route-to-Market Startups29
3.2 Starting from Pain Startups30
3.3 Technology-Driven Startups (or Back-to-­School Startups)31
3.4 Geography Matters33
3.5 From Idea to Market35
3.5.1 Timeline to Pilot35
3.5.2 Sustainable Competitive Advantage35
3.5.3 Establishing Beachheads35
3.6 Positioning: High-Value or High-Volume36
3.6.1 High-Value Positioning36
3.6.2 High-Volume Positioning37
3.6.3 Bridge Positioning38
3.7 Change Required from Status Quo39
3.8 Emotions Rule40
3.9 Rocket Science40
3.10 Seeing the Bigger Picture41
3.11 The Right Idea = Patience and Perseverance42
3.12 My “Aha” Moment43
3.13 Industry Standard45
3.14 No Certainty47
References48
4: Technology Evaluation: Is It Ripe for Commercialisation?50
4.1 Think Secret52
4.2 It “Gives You Wings”52
4.3 Cost and Price53
4.4 Technology Weakness55
4.5 Red Flags55
4.5.1 Different vs. Superior56
4.5.2 Replicable57
4.5.3 Timeline57
4.5.4 Overlapping Patents58
4.5.5 Technology Published58
4.5.6 Technology Across Multiple Segments58
4.5.7 Proof of Concept58
4.5.8 Funding for Proof of Concept59
4.6 Competitive Advantage59
4.7 Time to Market59
4.8 Pilot to Black60
4.9 Research and Manufacturing61
4.10 It’s Okay to Not Know62
4.11 Maturing vs. Mature63
References65
5: The Team: Recognising the Red Flags66
5.1 The Spouse68
5.2 Conflicting Vision of Team70
5.3 Problems in Technology People in Europe vs Silicon Valley71
5.4 Companies Driven by Lifestyle of Team72
5.5 Business Team vs Technical Team72
5.6 Ethics73
5.7 Commitment74
5.8 Perception Is Reality75
5.9 Woods and Trees77
5.10 Respect77
5.11 Inside Out79
5.12 First Love79
5.13 Perfect vs Market Ready80
5.14 What Else Is Possible vs First to Market81
5.15 Does the Current Flow vs Evolving Business Models82
5.16 Research Overkill83
5.17 Too Much Rocket Science84
5.18 Interesting Work vs Mere Manufacturing85
5.19 Peer Review vs Go-to-Market86
5.20 Money, Money, Money…86
5.21 Techie’s Hobby88
5.22 More Equal than Others88
5.23 Rich vs King89
5.24 Align Expectations91
5.25 Growing Pains92
5.26 Non-compete93
5.27 Hierarchy94
5.28 People Past Their Prime94
5.29 Motivations95
5.30 Mindset of Harmless Lies96
5.31 Perception of Risk97
5.32 Equity vs Upside98
5.32.1 Conflict of Interest98
5.32.2 Limited Mindset99
5.32.3 Lack of Appreciation99
5.33 Greed vs Greed100
5.34 Scientists and Ethics100
5.35 For Those Who Come Later101
5.36 Fired Founders103
5.37 Equity vs Options104
5.38 Dilution105
5.39 Tech Driver Conflict106
5.40 Peculiar Principles106
5.41 Gaps and Hiring107
5.42 Friction108
5.43 Diligence109
References112
6: Patents: Whys and Hows, Protection Strategies for Your Innovation113
6.1 Back-Up114
6.2 Exclusive Right to Use114
6.3 FTO114
6.4 Patent Strategy116
6.4.1 Process Patent116
6.4.2 Machine Design-Related Patent118
6.4.3 Future Freedom118
6.5 Broad Versus Narrow119
6.6 Vapourware119
6.7 Design Versus Utility Patents120
6.8 Liquidity Event120
6.9 Evolution of Patent Strategy122
6.10 Non-compete for Founders123
6.11 Licence123
6.11.1 Professor’s Loyalty: To the Company or to His Craft123
6.11.2 Who Paid the Licence Fees?124
6.11.3 Exclusivity125
6.12 Licensing from the Research Entity125
6.12.1 Right to Sub-licence125
6.12.2 What Else Is Included?126
6.12.3 Working at or Working with Technology126
6.12.4 Right to Use Infrastructure127
6.13 Licensing: The University’s Perspective128
6.14 Spin-Off Agreement129
6.15 IP on Multi-country Projects130
6.16 Patent Risks131