Dive into the thrilling world of intellectual property with this must-watch episode from "Everything Intellectual Property!" In this interview, Dave welcomes Kevin Choi, the innovative co-founder of Snacktiv, who shares insider secrets from his journey on Shark Tank ABC. Discover how Kevin and his co-founder turned a simple idea into a patented, market-disrupting product that allows users to snack mess-free while gaming or working. Learn valuable tips on how to leverage intellectual property for business success and hear firsthand how strategic patenting played a crucial role in their venture. Whether you're an aspiring entrepreneur or a seasoned inventor, this episode is packed with actionable insights to boost your intellectual property game!
Checkout video interview here: https://lnkd.in/gXs32Xrk
Dive into the thrilling world of intellectual property with this must-watch episode from "Everything Intellectual Property!" In this interview, Dave welcomes Kevin Choi, the innovative co-founder of Snacktiv, who shares insider secrets from his journey on Shark Tank ABC. Discover how Kevin and his co-founder turned a simple idea into a patented, market-disrupting product that allows users to snack mess-free while gaming or working. Learn valuable tips on how to leverage intellectual property for business success and hear firsthand how strategic patenting played a crucial role in their venture. Whether you're an aspiring entrepreneur or a seasoned inventor, this episode is packed with actionable insights to boost your intellectual property game!
Checkout video interview here: https://lnkd.in/gvh-4g4S
Partner at Andreessen Horowitz | Founder, product leader, investor
I've seen 15+ years of elevator pitches, demo days, and presentations (not incl Shark Tank ABC). To WOW an investor in 2mins, here are my tips that I gave to our A16Z GAMES SPEEDRUN Demo Day companies:
🧑🏫 Simplify/Teach - Don’t assume investors know your industry. Many times, this is the first time they've heard from an expert like yourself.
📈 Emphasize velocity - it's not about the absolute numbers, it's all about the velocity of where you're going since you started. Everyone is more interested in potential rocket ship even if it's early
❤️🔥 Be authentic - lots of folks think they need to "be a CEO" while in fact investors just want to hear your authentic self - the passion you have for the problem and the expertise/journey into the idea maze that you've taken
Big thx to my colleague Murad Peret who painstakingly edited to make me look amazing!
When was the last time you thought of making scrubbers with adjustable stiffness? Scrub Daddy, Inc.
When was the last time you thought of making skateboards with brakes? VibeRide
When was the last time you thought of making self-cleaning water bottles? LARQ
When was the last time you thought of a product business idea at all?
All the hype around AI, crypto, IT, high-tech, SaaS, and other 21st-century fancy terms has taken a lot of attention away from simple product innovations. Today, it’s much more prestigious to add a few AI twists to your software and market it as a next-gen, super ultra-innovative, life-changing tool than to sell kitchen cutting boards or water bottles. On the investor side, many choose to put their money into tech companies, trading at 20-30x EBITDA multiples and promising infinite growth and cash distributions, which may eventually end up bankrupt, rather than investing in cash-flow positive, steadily-growing traditional businesses.
I’m not trying to criticize any business or investor. In fact, I find myself admiring tech innovations daily.
And now, the moral of the story.
Exactly 10 years ago, one of my amazing undergrad lecturers showed us an episode of the TV program Shark Tank ABC. Ever since, it has provided me with daily doses of motivation, practical knowledge, and a broader viewpoint on entrepreneurship.
Here are a few key things I have learned:
1. Do not underestimate traditional business ideas.
2. There’s always room for monetizable innovation, even in the most mature markets.
3. Success is absolutely possible in overpopulated markets.
4. Passion and commitment pay off.
Fun fact: in the episode below, released in late 2012, Scrub Daddy received $200,000 investment from Lori Greiner at just $1,000,000 valuation. In 2023 the company made $220,000,000 in sales imputing at least a $300,000,000 valuation 12 years later.
In honor of Netflix's new Talented Mr. Ripley Series out tomorrow, I am following up my article about Startup equity, with a post about how the story of Tom Ripley can explain and be explained by Mimetic Theory.
Let's hope the series is any good and that at least some of you find this article enjoyable.
https://lnkd.in/e49twNv7
🤔 Curious about what sets Tenjin apart from other MMPs? 🎥
Watch this video where our Co-Founder and CEO Christopher Farm dives into the details. 🚀
https://lnkd.in/ezMsnxSB
Take Off By Checking Your Venture Potential
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It's time to feel confident blasting off - discover what's powering your potential!
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