Mikeal AbramoffBusiness and Innovation Consultant
Bio

Mikeal a business and innovation consultant who understands the challenges and opportunities with launching a startup. He has co-founded three tech companies including Cad Crowd in 2010, which is a profitable online CAD Services company that provides services to hundreds of clients that include several Fortune 500 companies.



Recent Answers


The best place to start would be call up the potential manufacturers and ask them if they look at new technologies or inventions for potential licensing. Some long standing industries with very few players are very difficult industries to licence in.

If actually pitching the technology, you should have IP and I recommend filing a provisional patent which gives a year of patent pending status. Also if you qualify as a micro entity, the PPA filing fee is only $65.

This allows you to pitch to companies with a provisional patent and find out the level of interest prior to investing in the much more costly non provisional patent.


Check out https://www.balancedpayments.com/
They are made for marketplaces.

Airbnb CEO among others invested in them and they have some of the best pricing/payout fees.

Also some good info on http://www.collaborativeconsumption.com/2013/10/08/online-marketplaces-are-hard/
One of Balanced Payments co-founders is writing this blog series on marketplaces.


Correction to Airbnb example: (it is 3% to the host and between 6 and 12% to the renter.
If the 'supply side' gets 100% payment, there is no incentive for 'supply' to encourage going around the service especially since they receive benefits of secured bookings and payments.

With freemium like Craigslist and Kijiji there are some advantages with a large number of users. However, the quality of supply (bare bones listings), responses (people not responding or not meeting when they say they will) can easily be over 50% which hurts customer experience.


Contact on Clarity

$ 1.67 /min

4.92Rating
Schedule a Call

Send Message

Stats

3

Answers
Calls


Access Startup Experts

Connect with over 20,000 Startup Experts to answer your questions.

Learn More

Copyright © 2019 Startups.com LLC. All rights reserved.