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I Have An Idea, Now What? What Entrepreneurs Need to Know to Have a Successful Meeting with Investors

October 13, 2011 by angishields

Part II of our three part series on Angel Investing digs deeper in to the operations of the Atlanta Technology Angels, and examines the various stages of the process that an entrepreneur goes through to present to investors.  Joining us for this discussion are Mike Eckert and returning guest from Part I, Ed Brown.  Mike shares his experience and expertise as a founding team member of The Weather Channel, which was responsible for the company’s successful launch in to a real time, 24 hour weather information channel.  The discussion also includes mentoring tips and advice for entrepreneurs on how to be best prepared to have a successful meeting with an investor.

Mike Eckert served as the President and CEO of Pathfire Inc. from 1999 to 2007.  Mr. Eckert spent 14 years as the Chief Executive Officer of The Weather Channel.  During his tenure at The Weather Channel, he also served as Vice President of Advertising Sales & Marketing, President and Chief Operating Officer.  He serves on the Board of Directors of The Technology Association of Georgia (TAG).  Mike can be reached at mjmeckert@comcast.net.

Ed Brown is Vice-Chair of Burr & Forman LLP’s Business section and a partner in the firm’s Corporate law practice group focusing on taxation and estate planning.  He has over twenty-four years of experience in franchise law, mergers and acquisitions and personal planning, specifically with federal estate and gift taxation.  Ed represents venture capital companies and investors in funding early-stage and start-up companies and also represents both buyers and sellers in the purchase or sale of businesses, through tax-free mergers, stock purchase arrangements, and asset acquisitions.  Ed can be reached at ed.brown@burr.com.

Tagged With: entrepreneur, Funding, Investor, Start-up Companies

Elizabeth Gordon interviews Dave Savage, Inventors Association of GA President, Sue Watson, IP attorney, from SC Watson Law Firm and Inventor Donna Difloe, a Furniture Industry veteran and book author of How to buy furniture on The Chic Perspectives Show

May 25, 2010 by angishields

Chic Perspectives
Chic Perspectives
Elizabeth Gordon interviews Dave Savage, Inventors Association of GA President, Sue Watson, IP attorney, from SC Watson Law Firm and Inventor Donna Difloe, a Furniture Industry veteran and book author of How to buy furniture on The Chic Perspectives Show
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Today on the Chic Perspectives  show I had on the Inventors Association of Georgia

Joining me in the studio to talk about all things inventive were:

Dave Savage, Inventors Association of GA President (dave@davesavage.com & http://gainventors.org/)

Sue Watson, IP attorney, from SC Watson Law Firm (Scwatsonlawfirm.com )

and Inventor Donna Difloe, a Furniture Industry veteran and book author of How to buy furniture.

Dave Savage is the president of Pres. of the Inventors Assoc. of GA, an organization that’s been in existence for 30 years.  In addition Dave also provides Inventors Advisory Service, family history & story video recording, Microsoft Word shortcuts trainer

45+ singles parties producer, Pre-paid Legal Attorney HMO plans & ID theft restoration, CLEAR 4G Mobile Internet sales, Direct TV satellite program sales, 4G wireless closed circuit TV sales, Alternative Bar & Bat Mitzvah preparation and ceremonies, Asian woodland landscape design, inexpensive home storage solutions, Home Party Support Services, Bartering & connections, resources.

Dave talked about how he teaches inventors to talk about their ideas without disclosing material details and how to get feedback, advice and find the best plan of action to move forward.  There is a lot to learn and be aware of as an inventor and surrounding yourself with those who can give advice, feedback and suggestions is very important in minimizing your losses and maximizing your returns.

Sue Watson of SC Watson Law Firm shared her expertise on Patents, Trademarks, Service Marks and Trade Dress as well as Copyrights, Patent Clearance Analysis, Patent Portfolio Evaluations, Patent Intelligence.

Sue’s firm has extensive experience assisting start-up companies, universities, research foundations, and large, global corporations in achieving significant intellectual property protection.

We discussed the strategic reasons why having a patent portfolio is more powerful and puts you in a better negotiating position than just a single patent.

Sue talked about business model entrepreneurs can use to capitalize on their idea, what to do first and how to avoid rookie mistakes.

Sue shared about the importance of intellectual property protection in order to stay competitive in today’s fast-paced world.   It’s crucial to rapidly protect your intellectual property in order to enhance  your business growth and secure your business success.

She explained how a step-by-step, cost-effective plan in critical for a company to achieve optimum intellectual property protection of their technology.

Donna Difloe shared her success story or how she turned an idea for an innovative and versatile furniture into a flourishing business.

Donna started her own company, Design Dynamic, which became the “umbrella” for product design and development, intellectual property, marketing and speaking and training engagements.


Before going out on her own Donna was the first Exec. Dir. of the Interior Design Society, and also in Chicago, the Product Manager for Kroehler Furniture.

Donna wanted the comfort and fashion of living room furniture for her outdoor patio. So she created and patented drainable, upholstered seating – an industry first.The furniture wears and washes well. It is mildew resistant and it looks as if it would fit in perfectly with a well-decorated living room.

Lane/Venture of Conover, N.C., incorporated Difloe’s drain system into the cushions of a group of wicker furniture called WeatherMaster. Donna’s patented furniture system has been licensed to Laneventure for 20 years.  Love seats and soft wing chairs as well as wicker with cushions in various patterns are available.

—

Got Ideas??

Check out the Inventors Association of Georgia, sign up for the free newsletter and find out more about upcoming meetings and the resources offered – membership privledges provide lot’s of value all for a very affordable price.  http://gainventors.org/

Thanks so much to my fabulous guests Donna Difloe of Design Dynamic, Sue Watson of SC Watson Law Firm and Dave Savage of Inventors Association of Georgia.

Until next time… wishing you all Chic Success,

Elizabeth


Tagged With: copyright, dave savage, design dynamic, Direct TV satellite program sales, donna difloe, drain system, elizabeth gordon, Entrepreneurs, Exec. Dir. of the Interior Design Society, family history & story video recording, furniture wears and washes well, ga inventors, global corporations, global patents, Home Party Support Services, ideas, indoor outdoor furniture, inexpensive home storage solutions, Innovation, Inventions, inventors, Inventors Advisory Service, inventors association, inventors association of georgia inventors of ga, Ip, ip protection, ip right, Lane Venture, licensing exit strategy, licensing patent, Microsoft Word shortcuts trainer 45+ singles parties producer, mildew resistant, patent, Patent Clearance Analysis, patent intelligence, Patent Portfolio Evaluations, patent search, Pre-paid Legal Attorney HMO plans & ID theft restoration, Pres. of the Inventors Assoc. of GA, product design, research foundations, ring of protection, savage, sc watson law firm, sparking creativity, Start-up Companies, strategic thinking, strategy, success secrets, successful businesspeople, sue watson, trademark, universities, weathermaster, wicker furniture, Women in Business

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