Danger! You have patent protection! There was a time when a patent meant erecting a barrier to entry for your product, with a reasonable chance of defending it against copycat idea vampires. Those were the days. In computer technology, software, financial services and a number of other competitive environments, it is very easy for the sharks to study your patent …
Startup Success Step #8
How long is your head start? Half of the entrepreneurs we meet, when asked about competitors and barriers to entry, say “We’ll leave them in the dust.” This may stem from heavy doses of wishful thinking with fingers in ears. The other half are full of fear and trembling that the Big Bad Behemoths (P&G, Apple, Levi’s, Disney, Whoever) will …