According to Joe Kraus, founder of search engine company Excite and wiki software firm JotSpot, it is easier now to start a technology company, taking venture capital only at the later stages, if ever. There are three driving forces, “and they’re all related to cost. The first is, the tools which used to cost thousands and thousands of dollars to develop software cost nothing now [i.e., open source and free software]. And they’re better. Second, the hardware costs of running a hosted service are an order-of-magnitude lower. The third is that start-ups now have access to world labor markets in ways that they never did before.”
You’ve got a great idea for a new product, service or even business model. It’s never been done before, or others have tried and failed. If you execute properly, you’ll delight your customers, create new and enduring value, maybe revolutionize your market. No company can do this alone, so you’re building a team and creating alliances with other companies.
Then reality sets in. You face brutal competition ““ other teams racing to get there first and larger companies with vast resources and cost advantages.
You don’t want to miss a legal issue that could seriously harm your company down the road, possibly years later. But your budget can’t stretch to cover an army of lawyers.
Consider us. We provide business and intellectual property advice and transactional (contracts) support to innovators of all sizes, including individual innovators and bootstrap start up companies (i.e., funded by the founders and from operations). We’ve enjoyed representing foreign nationals and immigrants from many countries, such as Australia, China, Germany, India, Japan, Korea and the United Kingdom (UK).