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How to File a Patent

Filing a US patent involves several steps, which can vary depending on the type of patent you are seeking and the jurisdiction in which you are filing. Here is a general overview of the steps involved in filing a patent:

Determine the type of patent you need: There are three main types of patents: utility patents, which cover new and useful inventions or discoveries; design patents, which cover new, original, and ornamental designs for an article of manufacture; and plant patents, which cover asexually reproduced plants. You will need to determine which type of patent is appropriate for your invention or discovery. Read More...

How to Form a Company: Setting Up a Legal Entity

There’s a lot to consider when forming a company. Establishing a US company involves numerous steps, which can vary depending on the type of company you are forming and the jurisdiction in which you are operating. Here is a general overview of the steps involved in forming a company.

Choose a business structure: There are several types of business structures to choose from, including sole proprietorship, partnership, limited liability company (LLC), and corporation. Each type has its own benefits and drawbacks, so it’s important to choose the one that best fits your needs. A sole proprietorship is a business owned and operated by a single individual, while a partnership is a business owned and operated by two or more individuals. An LLC is a hybrid business structure that combines elements of a corporation and a partnership, and offers liability protection for its owners. A corporation is a separate legal entity owned by shareholders and managed by a board of directors. Each type of business structure has its own benefits and drawbacks, so it’s important to choose the one that best fits your needs. Read More...

Should You Keep Your Startup Idea Secret?

There are pros and cons to keeping your startup idea secret. On the one hand, keeping your idea secret can help protect it from being copied or stolen by competitors. On the other hand, sharing your idea can help you get valuable feedback, build a team, and secure funding. Here are a few things to consider when deciding whether to keep your startup idea secret:

The stage of your startup: If your startup is in the early stages and you are still refining your idea, it may be advisable to keep it secret until you have a more solid plan in place. Read More...

How to Negotiate with Angel Investors and Venture Capitalists

At Founders Space, we teach entrepreneurs the skills necessary to negotiate successfully with investors. Negotiating with angel investors and venture capitalists can be a stressful thing, but it’s an important step in securing funding for your business. Here are some tips for negotiating with angel investors and venture capitalists:

Do your homework: Before you start negotiating, make sure you have done your homework and understand the investor’s interests and criteria. This will help you tailor your pitch and negotiate more effectively. Read More...

How to Raise Venture Capital for Your Startup

At Founders Space, we’ve helped hundreds of startups raise venture capital. Raising venture capital for your startup can be a challenging process, but it can also be a great way to finance the growth of your business. Here are some steps you can follow to raise venture capital:

Develop a solid business plan: Before you start looking for investors, make sure you have a solid business plan in place. This should include information about your market, product or service, target customers, and financial projections. Read More...

Beware of Web3 Games & Crypto Scams

Web3 games, or decentralized games built on blockchain technology, have gained popularity in recent years. These include Axie Infinity, Neopets Meta, Alien Worlds, and Splinterlands. These games offer players the ability to own and trade in-game items using cryptocurrency, and offer the potential for financial gain through the appreciation of these assets.

However, it is important to be aware of the potential dangers and risks associated with web3 games and cryptocurrency. One of the main risks is the risk of inflation. Because the supply of most cryptocurrencies is not fixed, there is the potential for inflation to occur as more units of the currency are created. This can lead to the devaluation of the currency and potentially result in financial losses for players who hold large amounts of it. Read More...