This document provides an introduction to venture capital financing for technology startups. It discusses various sources of equity financing like venture capital and business angels. Venture capital firms invest large sums of money in high-growth potential companies, but undergo a rigorous review process and only fund a small percentage of proposals. Business angels provide an important source of early-stage "seed" capital. The document also examines the characteristics that venture capitalists look for in potential investments, such as strong management teams and large market opportunities. It uses examples and case studies to illustrate different funding scenarios.
VENTURECAPITAL FINANCING
- By Dr. Ratna Sinha, Associate Professor, ISBR Business School, Bangalore
Venture capital funding is one of the important options for entrepreneurs to secure funding. Venture capital (VC) means risk capital. The risk envisaged may be very high or may be so high as to result in total loss or very less so as to result in high gains. This 35 slides power point presentation on Venture Capital Financing explains how the Venture Capital Funds are organized. The other objectives of the presentation intended to provide students with the terminology of VC and knowledge of the key industry facts. This presentation help to understand types of venture capital funds, mode of operations and industry- standard technique for the valuation of VC investments.
VENTURECAPITAL FINANCING
- By Dr. Ratna Sinha, Associate Professor, ISBR Business School, Bangalore
Venture capital funding is one of the important options for entrepreneurs to secure funding. Venture capital (VC) means risk capital. The risk envisaged may be very high or may be so high as to result in total loss or very less so as to result in high gains. This 35 slides power point presentation on Venture Capital Financing explains how the Venture Capital Funds are organized. The other objectives of the presentation intended to provide students with the terminology of VC and knowledge of the key industry facts. This presentation help to understand types of venture capital funds, mode of operations and industry- standard technique for the valuation of VC investments.
Topics Discussed:
- What is Venture Capital
- Overview of VC Funds
- VC Investment Process
- VC Investing Strategies
- Other Investors
- VC Fundraising Materials
- Resources
Are you ready to make that leap from bootstrapping to investment capital? If you're ready to accelerate the growth of your startup, check out this presentation from Kristine Di Bacco, Associate with Fenwick and West, LLP (www.fenwick.com) and Sirk Roh, COO for Early Growth Financial Services (www.earlygrowthfinancialservices.com), which covers how to take your startup to the next level of financing -- including an in-depth look at convertible promissory notes and term sheets.
Topics Discussed:
- What is Venture Capital
- Overview of VC Funds
- VC Investment Process
- VC Investing Strategies
- Other Investors
- VC Fundraising Materials
- Resources
Are you ready to make that leap from bootstrapping to investment capital? If you're ready to accelerate the growth of your startup, check out this presentation from Kristine Di Bacco, Associate with Fenwick and West, LLP (www.fenwick.com) and Sirk Roh, COO for Early Growth Financial Services (www.earlygrowthfinancialservices.com), which covers how to take your startup to the next level of financing -- including an in-depth look at convertible promissory notes and term sheets.
Steve Cummins Transworld Group - Understanding Venture FinancingSteve Cummins
Steve Cummins Transworld Group
Launching your startup
understanding venture financing
Stephen John Cummins, Transworld Group, Isle of Man
• The Isle of Man has a well-established and well-regulated infrastructure for the provision of corporate administration services. All providers of company administration service must be licensed by the Isle of Man Financial Supervision Commission (FSC).
The Isle of Man is one of the world’s most respected international
financial and business centres. Effective public/private sector
co-operation for the past 30 years has led to the creation of an
outstanding environment in which to do business featuring world
class infrastructure and business support systems, a favourable
fiscal regime, dynamic and responsive legislation and an expert
professional services industry.
The Isle of Man’s success is demonstrated by the fact that it has
enjoyed 29 successive years of growth. Even in the challenging
year 2011/12, the Isle of Man achieved a Gross Domestic Product
of £3.8bn, resulting in growth in real terms of 2%. There has been
a rise in national income per head year on year for the past fifteen
years. In 2011/12, national income per head stood at £44,660,
exceeding the United Kingdom equivalent figure of £21,693 gross
value added per head for the year 2011.
http://www.transworldgroup.im/
http://stevecummins.im/
http://www.fimgroup.com.au/
https://twitter.com/stevetransworld
http://tawqk.com/
http://www.tassea.com/
http://www.sokerol.com/
http://transworldcapital.im/
http://transworldresources.im/
http://fimgroup.com.au/
jamille cummins, jamille cummins transworld, jamille cummins transworld group, Transworld Group, jamille, Isle of Man, Steve Cummins, Steve Cummins transworld, steve cummins transworld group
Based on 116,202 online records, this presentation, delivered at the British Academy of Management conference in 2016 charts the trends in project management in the last 50 years. The process to generate the dataset is also explained.
Looking! and Thinking Ahead! Fashions and Trends in the Management of Projects & Programmes
Tom Taylor
APM Programme Management SIG Conference 2017, 02 March 17,
Derby
Complexity, context and collaboration from manufacturing software to creating...Agile ME
Manufacturing practices abound at Agile conferences but is software something that comes of a production line (albeit in small batch sizes)? Should we instead think of software development as a service? Can we combine unarticulated customer needs with novel technology to shift the business forward rather than simply respond to demand? Should we see applications as emergent properties of complex interactions between people and software objects over time? What sort of ecosystem (rather than architecture) is needed for such an approach? Using the popular Cynefin framework as a starting point, its creator will explore these questions.
A Seed/Startup Venture Fund & Collaboration Community working with, supporting and compensating Incubators, Universities and Economic Development Agencies
Role of venture capital in the development of Rajasthan: Entrepreneurs perspe...inventionjournals
: Since independence there is significant improvement in the economic and social development of
Rajasthan for which role of venture capitalist is important. in this paper the researcher indented to highlight
the different industrial sector of Rajasthan which got benefited by different venture capitalist . and Also efforts
are made to determine the entrepreneurs perception regarding the role of venture capital for smooth
functioning of newly established companies. The research design used is exploratory in nature. The data is
being collected from the entrepreneurs of Rajasthan, RVCF and other websites, hence this research is based on
primary and secondary data. Correlation is used to determine the relationship between the role of venture
capital and development of Rajasthan . The results of this study would help venture capitalist to modify their
role and policies according to the changing needs of state’s entrepreneurs which will facilitate it’s adoption by
rural.
Key
VC Bootcamp By DFJ Gotham Ventures and Wilson Sonsini Goodrich & RosatiMark Davis
Slides from the Venture Capital Bootcamp event hosted by DFJ Gotham Ventures and Wilson Sonsini Goodrich & Rosati at Columbia University on June 3, 2009. A video of the 3 hour event is available at www.dfjgotham.com.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
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NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
1. VENTURE CAPITAL
FINANCING : AN
INTRODUCTION
Prof.Stephen Ong
BSc(Hons)Econs (LSE), MBA (Bradford)
Visiting Professor, Shenzhen University
Academic Fellow, Entrepreneurship & Innovation,
The Lord Ashcroft International Business School,
Anglia Ruskin University Cambridge UK
MSCTECHNOPRENEURSHIP
2. • Getting Funding for
Technology Start-Ups
1
• Sources ofVenture
Capital Financing2
• Case Discussion :
APPLE iPOD3
Today’s Overview
3. LEARNING OBJECTIVES
1. To explore funding options for
financing technology start-ups.
2. To understand the business cycle and
conditions to qualify for equity
financing.
3. To discuss success factors required to
secure venture capital funding.
4. To discuss issues and challenges faced
by entrepreneurs and business founders
funded by venture capital.
5. A27 year old graduate in
Electrical & Electronic
Engineering from local
Technical College,
with 7 years working
experience. With a
partner, started up a
computer repairs shop
to make Chinese
language computers
in Chinatown.
B26 year old drop-out
from local university,
working with a
company making
calculators. With a
partner, started
making computer
parts at home for a
newly opened
computer shop.
C20 year old drop-out
from local university,
working with a local
software company.
With two partners,
started up data
processing service
for local government
using computers at
the school library.
ENTREPRENEURS
7. A27 year old
classmate from local
Technical College,
holder of Diploma in
Electrical &
Electronic
Engineering. He
holds strong beliefs
in living life without
regrets and making
the world a better
place.
B26 year old high school
leaver, from average
family, whose step-
father is a mechanic
and carpenter. He has
been a drug user, a
follower of Eastern
religions like Hinduism
and Buddhism, and
always short of
money. He believes in
changing the world.
C17 year old drop-out
from local university,
working with a local
software company.
He comes from a
middle-class family
and strongly believes
in intellectual
property rights.
CO-FOUNDERS
8. A
• Copied 2
patents from
US Competitor
and had to buy
Company.
• Owned 1
patent copied
by US
Company and
wins damages.
B
• Copied 1 patent
from US
Company
• Copied 1 patent
from foreign
Company and
legally forced to
pay damages for
licence.
CBuys 1
exclusive
licence from US
Competitor and
sells non-
exclusive
licences to
customers.
INTELLECTUAL PROPERTY
9. A
A 60-year old
company
with a
network of
3,000
computer
stores
B
A new local
computer
store and
friends.
C
A 70-year old
company with
its own sales
force, own
stores and
reseller
agents
MARKETING PARTNERS
12. A B26 year old drop-out
from local university,
working with a local
company making
calculators. With a
partner, started up
small manufacturing
of computer parts at
home for local newly
opened computer
shop.
C20 year old drop-out
from local university,
working with a local
software company.
With two partners,
started up data
processing service
for local government
using computers at
his parent’s school.
16. Raising Capital
Raising capital to launch or expand
a business is a challenge.
Many entrepreneurs are caught in a
“credit crunch.”
Financing needs in the
RM100,000 to RM2 million
range may be the most
challenging to fill.
18. The “Secrets” to
Successful Financing
1. Choosing the right sources of capital is a
decision that will influence a company for a
lifetime.
2. The money is out there; the key is knowing
where to look.
3. Raising money takes time and effort.
4. Creativity counts. Entrepreneurs have to be
as creative in their searches for capital as
they are in developing their business ideas.
19. The “Secrets” to
Successful Financing
5. The Internet puts at entrepreneur’s fingertips
vast resources of information that can lead to
financing.
6. Be thoroughly prepared before approaching
lenders and investors.
7. Entrepreneurs should not underestimate the
importance of making sure that the
“chemistry” among themselves, their
companies, and their funding sources
is good.
(continued)
20. Options for Raising Money
for a New Venture
Personal Funds Equity Capital
Debt Financing Creative Sources
21. Equity Capital
Represents the personal investment of the
owner(s) in the business.
Is called risk capital because investors
assume the risk of losing their money if
the business fails.
Does not have to be repaid
with interest like a loan does.
Means that an entrepreneur
must give up some ownership
in the company to outside investors.
22. Sources of Equity Financing
Venture
Capital
Business
Angels
Initial Public
Offerings
26. FIGURE 13.4 Angel Investing and Venture Capital Investing
Source: Robert Wiltbank and Warren Bocker, Returns to Angel Investors in Groups, Angel
Capital Education Foundation, http://www.kauffman.org/Details.aspx?id=1032, and PWC Moneytree
Report, Pricewaterhouse Coopers, https://www.pwcmonnneytree.com/MTPublic/nc/indes.jsp.
27. Business Angels
An estimated 258,000 angels across the U.S.
invest $26 billion a year in 57,000 small
companies.
Their investments exceed those of venture
capital firms, providing more capital to 15
times as many small companies.
Angels fill a gap in the seed capital
market, specifically in the $10,000
to $2 million range.
28. Business Angels
Average angel investment = $50,000.
Typical angel invests in 1 company per year,
and the average time to close a deal is 67 days.
52% of angels’ investments lose money, but
7% produce a return more than 10 times their
original investment.
Angels can be an excellent source of “patient”
money.
29. FIGURE 13.1 Angel Financing Source: Center for Venture Financing, Whittemore School of
Business,
University of New Hampshire, www.unh.edu/cvr.
30. Venture Capital Companies
Around 800 venture capital firms operate
across the USA. (vs 25 in Malaysia).
Most venture capitalists seek
investments in the $2m to 10m range
(vs Rm0.5m to RM5m)
Target companies with high-growth and high-
profit potential.
Business plans are subjected to an extremely
rigorous review - less than 1% accepted.
31. Venture Capital Funds
Venture capital firms are limited partnerships
of money managers who raise money in
“funds” to invest in start-ups and growing
firms.
The funds, or pool of money, are raised from
wealthy individuals, pension plans,
university endowments, foreign investors,
and similar sources.
The investors who invest in venture capital
funds are called limited partners. The
venture capitalists are called general
partners.
32. Venture Capital Companies
Most often, venture capitalists invest in
a company across several stages.
On average, 98% of venture capital goes
to:
Early stage investments (companies in the early
stages of development).
Expansion stage investments (companies in the
rapid growth phase).
Only 2% of venture capital goes to
businesses in the startup or seed phase.
33. FIGURE 13.2 Venture Capital Funding
Source: Based on PriceWaterhouseCoopers http:/www.pwcmoneytree.com.
34. Venture Capital Focus
Venture capital firms fund very
few entrepreneurial firms in
comparison to business angels.
Venture capitalists are looking for
the “home run” and so reject the
majority of the proposals they
consider.
Venture capitalists fund between
3,000 and 4,000 companies per
year, compared to about 62,000
per year for business angels.
35.
36. Venture Capital Process
An important part of obtaining
venture capital funding is going
through the due diligence process.
Venture capitalists invest money in
start-ups in “stages,” meaning that
not all the money that is invested is
disbursed at the same time.
Some venture capitalists also
specialize in certain “stages” of
funding.
37. Corporate Venture Capital
About 300 large corporations across
the globe invest in start-up
companies.
Approximately 6 to 8% of all venture
capital invested is from corporations.
Capital infusions are just one benefit;
corporate partners may share
marketing and technical expertise.
38. What Do Venture Capital
Companies Look For?
Competent management
Competitive edge
Growth industry
Viable exit strategy
Intangibles factors
40. FIGURE 13.5 Which Factors Are Most Important to Venture Capitalists?
Source: Dee Powers and Brian E. Hill, Venture Capital Survey, The Capital
Connection, http//www.capital-connection.com/survey-value.html.
41. X-Factor Test for
Venture Capital Investor
1. Quality of ManagementTeam
2. Size of market
3. Product qualities (uniqueness, brands,
patents)
4. Intensity of competition
5. Market growth rate
6. Barriers to entry
7. Company’s stage of development
8. Industry where company is
42. Casestudy : Apple iPod
►Background
“The success of the iPod raises the licensing question forApple … again”
Trott,P. (2008). Innovation management and new product development,
(4th
edition). FT Prentice Hall.
Group Discussion
30 mins discussion in Groups of 7
5 mins presentation by Group representative
► IndividualAssignment
Individual coursework (contributes to 15% overall mark of course)
2 pages written in English in WORD format
►Summary
►Issues discussed
►Solutions proposed
44. Patent Litigation
44
Source: bbc.co.uk 30th August 2005
Creative wins MP3 player patent
One of Apple's main rivals, Creative Technology, has
been awarded a patent in the US for the interface
used on many digital music players.
"The first portable media player based upon the user interface covered in our Zen
Patent was our Nomad Jukebox MP3 player," said Creative CEO Sim Wong Hoo.
"The Apple iPod was only announced in October 2001, 13 months after we had
been shipping the Nomad Jukebox based upon the user interface covered by our
Zen Patent."
In its press release, Creative said Apple had filed for a patent for a user interface in
a multimedia player in late 2002, but its application had been recently rejected.
On 24 August 2006, Apple and Creative announced a broad settlement to end their
legal disputes. Apple will pay Creative US$100 million for a paid-up license, to use
Creative's awarded patent in all Apple products. As part of the agreement, Apple will
recoup part of its payment, if Creative is successful in licensing the patent.
45. Apple pays US$100m for use
of Patent
45
Automatic hierarchical categorization of music by
metadata
Patent number: 6928433
Filing date: Jan 5, 2001
Issue date: Aug 9, 2005
Application number: 9/755,723
A method, performed by software executing on the processor of a portable
music playback device, that automatically files tracks according to hierarchical
structure of categories to organize tracks in a logical order. A user interface is
utilized to change the hierarchy, view track names, and...
Inventors: Ron Goodman, Howard N. Egan
Assignee: Creative Technology LTD
Source: bbc.co.uk 30th August 2005
48. “…IF WE DON’T INVENT THE RIGHT
THING, SOMEONE WILL INVENT THE
RIGHT THING.
SO LET’S GO INVENT THAT THING”
Reid Hoffman, founder of LinkedIn with four friends, starting with
6,000 customers, 10 years ago.
Today, a US$20B company with 225m customers.
CONCLUSION
49. Further Reading
Scarborough, Norman, M. (2011) Essentials of
Entrepreneurship and Small Business Management.
6th edition. Pearson.
Brooks, Arthur C. (2006) Social Entrepreneurship : A
Modern Approach to SocialValue Creation. Pearson
Barringer, Bruce R. & Ireland, R. Duane (2011)
Entrepreneurship – Successfully launching new
ventures 4th edition, Pearson.
Schaper, M.,Volery,T.,Weber, P. & Lewis, K. (2011)
Entrepreneurship and Small Business. 3rd Asia Pacific
edition. JohnWiley.