1/09/2005

Top 25 Innovations

"Over the past quarter century, though, scientific innovation has made almost everything portable. That's how the cell phone and the laptop computer landed at Nos. 2 and 7, respectively, on a list of the top 25 innovations of the past 25 years, according to a panel of technology leaders assembled by the Lemelson-MIT Program, which promotes inventiveness in teens says the article Top 25: Innovations.

Below you can see the innovations, but not the number one that will be announced on January 16.

2. Cell phone
3. Personal computers
4. Fiber optics
5. E-mail
6. Commercialized GPS
7. Portable computers
8. Memory storage discs
9. Consumer level digital camera
10. Radio frequency ID tags
11. MEMS
12. DNA fingerprinting
13. Air bags
14. ATM
15. Advanced batteries
16. Hybrid car
17. OLEDs
18. Display panels
19. HDTV
20. Space shuttle
21. Nanotechnology
22. Flash memory
23. Voice mail
24. Modern hearing aids
25. Short Range, High Frequency Radio
"

From Bibi's box.

Inventors Need Business Plans

"The Patent Pending blog has a great post on the chances of success for independent inventors. The bottom line: 2-3% of the independent inventors that Bob Shaver sees actually winds up making money off of their patents.

This is why the first piece of advice for all independent inventors, especially first timers, is to do a business plan before spending money on a patent.

What I suggest is writing a business plan for a large company in the market that might like to license the invention. This hypothetical company needs to see a definable advantage to the product in their marketplace with their margins."

From Anything Under the Sun Made By Man.

1/07/2005

The Baby Boom Generation Myth

Is it time for "Generation Jones" to stand uP?

"If you were born between 1954 and 1965, ask yourself this question: "Do I feel like a member of The Baby Boom Generation, Generation X, or neither?" Ask other people of this age which of the two generations they feel a part of. You will quickly find that the vast majority of people in this age group do not feel like Boomers or Xers.

New generations typically assert their "differentness" when their oldest members hit their late teens and early twenties. Three times in the last 35 years, "new generation" choruses have appeared—in the early-60s(Boomers), the mid-70s (us), and early 90s(Xers). While the Boomer and Xer choruses resulted in media feeding frenzies, our attempts to assert our collective identity were largely ignored.

As early as 1972, for example, The New York Times Magazine ran a cover story written by 18-year old Joyce Maynard in which she proclaimed that she and her peers were the leading edge of a new generation, one qualitatively different than the Woodstock Generation. Her voice, like the others that followed in the mid-70s, weren't heard by a nation that wasn't ready to deal with a new generation. But for many of us in that new generation, it was a joke that we were being lumped in with the Boomers. It was obvious to us that we were a different generation.

The traditional 1946-1964 definition of The Baby Boomers is filled with errors:

It ludicrously defines a generation by birth rates when actually generational personalities arise from shared formative experiences, not head counts.

The first Boomers were born several years before birth rates happened to increase in '46. Time Magazine, for example, chose their 1966 "Man of the Year" as "The Generation under 25" and many of the most famous Boomers (Jim Hendrix, Janis Joplin, Jim Morrison, Abby Hoffman, Jerry Rubin, etc.) were born well before '46.

Nineteen years is too long. As Gail Sheehy (of Passages fame) has noted: "And given the acceleration of the life cycle, a generation is now encapsulated in ten to fifteen years instead of the traditional twenty."

...Admittedly, determining generations is complicated, an inexact science, with inevitable blur on the edges. Nonetheless, broad accurate generalizations emerge with careful analysis. The three generations differ in many ways. One major difference is that Boomers tend to be idealistic, Xers tend to be cynical, and Jonesers tend to be a balance of idealism and cynicism. Attitudinal research bears this out...

Boomers are mostly the offspring of The World War II Generation, Jonesers are mostly the offspring of The Silent Generation, and Xers are mostly the offspring of the Boomers."

Scientists Go Back to Nature

A recap of articles from CNET News.com describes the year in science:

"In 2004, scientists were literally in the woods.
Researchers in increasing numbers are trying to harness the forces of nature. Chip companies such as IBM, Intel and ZettaCore are trying to develop designer molecules that will assemble themselves into circuits in order to make smaller, cheaper and more powerful semiconductors. One start-up announced plans to try to develop new electronic materials by harnessing proteins secreted by viruses.

Energy, once a fairly dormant field, is now a high priority at the national laboratories, venture capital firms and universities. Both energy and nanotechnology are receiving an increasing portion of government grants.

Nature also emerged as something of a role model. Security experts talked of the danger of monocultures and speculate that the wide proliferation of Windows could create a digital potato famine. Robot researchers, meanwhile, have come up with robots that walk like crabs or collectively accomplish tasks through swarming like bees.

The growth in consumer electronics also prompted increased activity toward creating the digital home. Giants like Samsung and Sony, along with several national governments in Asia, sunk money and energy into broadband technologies for homes, cars and portable devices. Similarly, improving Internet search has become an obsession at several start-ups as well as stalwarts like IBM.

Several projects also proved that the future won't be devoid of amusement. A group in Canada said it would fly an ornithopter, a plane with flapping wings, next year, while a start-up in Pennsylvania has harnessed the power of nanotechnology to make stink-free socks."

1/06/2005

Small Business IP Protection and Management

"A small to medium sized company is often faced with a dilemma when it comes time to protect intellectual property. Whether to file a patent application, what attorney to use for preparation of the application, when to file, and the list goes on. For a company that does not make these decisions on a regular basis, the process can seem quite overwhelming."

A new blawg by J. Douglas Miller, Small Business IP Protection and Management, has been started to help small business owners sort out the issues.

Via The Invent Blog.

1/05/2005

What Surviving the Tsunami was Really Like

"Evelyn Rodriguez offers us an amazing post about her experiences surviving the tsunami on a Thai island. Particularly important are her reminders to those thinking about communications in the wake of the tragedy:

'No, the Internet is not everywhere. No, television is not everywhere. In fact, electricity is not everywhere - many of the islands we were on prior to the tsunami were generator-dependent after sundown (and that's mainly for the foreigner's benefit). ... When you live in a simple bamboo hut and fish for a living, you are not living in the always-on broadband world folks in the industrialized West take for granted. ... The Thai man whose beach hut is destroyed walks by me. I'm laying flat on my back on the hiking trail with my leg on a log trying to stay calm and collected for my own sake and the kids on our tour (they are more terrified when the adults around them are). He tells me he is walking to Long Beach (or Hat Yao) to find out more and check up on his friends. It is a 20-minute hike away. This is how information was relayed in the first hours, and for some stranded, days.'

(I'm glad you're safe, Evelyn.)"

From WorldChanging

1/04/2005

Are Your Employees Engaged?

"This 12 statements encapsulizes what I would think is the ideal environment for an ideal employee.

1. I know what is expected of me at work
2. I have the materials and equipment I need to do my work right
3. At work I have the opportunity to do what I do best every day
4. In the last seven days I have received recognition or praise for doing good work
5. My supervisor or someone at work, seems to care about me as a person
6. There is someone at work who encourages my development
7. At work my opinions seem to count
8. The mission or purpose of my company makes me feel that my job is important
9. My associates or fellow employees are committed to doing quality work
10. I have a best friend at work
11. In the last six months someone at work has talked to me about my progress
12. This last year I have had opportunities at work to learn and grow.

The above 12 statements measure how engaged an employee is at work. 'Engaged' is a combination of how motivated, excited, interested, dedicated, committed, and satisfied people are in their day-to-day activities."

From Reflections of a Business-Driven Life.

Tsunami Hits Sewickley Pennsylvania


Reg Henry
Originally uploaded by TigerTigerTiger.
Reg Henry is a columnist for the Pittsburgh Post Gazette and a friend of mine. His children and my daughter are friends and former classmates. In fact, I am relatively certain that his son, Jim, who was caught up in the tsunami, was present at a traditional day after Thanksgiving party that I attended in November.

You just never know when a tidal wave of emotion is waiting for you. When your life can be swept away or changed forever. Fortunately for the Henrys, their story has a happy ending.

This is Reg's column as it appeared in today's Pittsburgh Post-Gazette:

"Phone call from Thailand lifts heavy burden

This is how you know you are overweight: You go to Vietnam for Christmas and revelers in the street think you look like a beardless Santa Claus and one or two touch your stomach for luck in the manner of the lucky Buddha.

(Memo to self: Must lose weight in the New Year.)

Vietnam is not, I grant you, an obvious destination in the festive season, but the Henry family -- father, mother, son -- went there to see daughter Allison, 23, who has spent the past few months in Ho Chi Minh City teaching English and volunteering in an orphanage.

I blame myself for this odd turn of events. I first went to Vietnam 35 years ago as a soldier in the Australian army, and I fell in love with the country despite the tragedy of war. Four years ago I went back and found that peace had swept away the fear but not the beauty and the charm.

As a result of Allison picking up on my enthusiasm, the nightmare of every Pittsburgh parent became personal reality: Our baby moved away, and to old Saigon no less, a spot more outlandish than Cleveland.

At least in Cleveland you are safe from traffic on the sidewalks. That is not necessarily the case in Ho Chi Minh City. The traffic, 85 percent of it motorbikes, is truly crazy.

The most important piece of equipment of any Vietnamese vehicle is the horn, without which driving is impossible. Although everybody is honking at everybody else, and people are often driving on the wrong side of the road, running red lights and attempting insane maneuvers, no one blinks an eyelid and road rage is rare. Many thousands are killed on the roads every year in Vietnam, but the wonder is that every intersection isn't routinely the scene of mass carnage.

On Christmas Eve in Ho Chi Minh City, the normally nutty traffic was multiplied many times over as whole families piled on motorbikes to come downtown. The authorities had strung the main thoroughfares with lights, and a concert was staged in front of the Opera House.

Logically, Christmas shouldn't be a big deal in communist-ruled old Saigon, even with its small but significant Catholic presence. In fact, it was a huge deal. The people, with their cell phones and growing prosperity, were in the mood to be merry.

Perhaps much of it was simply Sparkle Season-Vietnamese style, and perhaps Santa says the only logical thing in the circumstances: "Ho, ho, Ho Chi Minh," but peace on Earth and good will among men were much in evidence.

It seemed like half the kids were dressed in Santa suits. When a grown-up Santa arrived in the lobby of our hotel, he was besieged by kids dressed as angels. And when one set of parents found that their child couldn't have a picture taken with Santa because of the crush, they did the next best thing: They found a pretty blonde American girl -- that would be our Allison -- sitting in the lobby and happily plopped the kid down on her lap for a photo.

When the public concert out in the street finished on the stroke of midnight with a sweet rendition of Silent Night, it seemed the best of Christmases and a Happy New Year seemed assured. What could possibly spoil it?

Yet unimagined by us and millions more, a great cataclysm was building in the bowels of the Earth under the Indian Ocean. By this time, our son Jim, 21, had left to make a side trip to Thailand to see his girlfriend from New York. He was to rejoin us in Hanoi in a few days.

He was in the pool at a resort on the island of Phuket when the first great wave struck. The water swept over the pool, but the two of them got out and managed to have the presence of mind to get to higher ground before two bigger waves arrived with deadlier force. If they had been in their room, they would have died.

As it was, the resort was destroyed and they lost everything except their lives and their bathing suits -- no passports, no money, no proper clothes. I had our first inkling of trouble when I saw a brief bulletin on a TV set at the airport as we prepared to board our flight to Hanoi.

When Jimmy did not arrive on his flight, and the hours wore on and we heard nothing from him, fears that seemed surreal began to seem more and more plausible. A couple of times that terrible night I walked the streets of Hanoi alone and in despair just to get away from the TV and the pictures of carnage from Phuket and elsewhere. The grim absurdity of it was striking: We had always worried about Allison in Saigon and here was Jimmy perhaps lost to a tsunami in Thailand.

Then he called -- on a borrowed cell phone -- and we all cried in our joy and relief to hear that they were safe and unharmed. They would soon return home, their only lasting scars the contemplation of those few minutes when paradise turned into hell.

Now that the dread has lifted from me, although not the sorrow for others, I feel I should rub my own stomach. Surely no Buddha was ever so lucky."

1/03/2005

Venture Investment Term Sheets: Price

"In general, there are only two things that venture funds really care about when doing investments: economics and control. The term 'economics' refers to the end of the day return the investor will get and the terms that have direct impact on such return. The term 'control' refers to mechanisms which allow the investors to either affirmatively exercise control over the business or allow the investor to veto certain decisions the company can make.

If you are negotiating a deal and an investor is digging his or her feet in on a provision that doesn't affect the economics or control, they are probably blowing smoke, rather than elucidating substance.

Obviously the first term any entrepreneur is going to look at is the price. The pre-money and post-money terms are pretty easy to understand. The pre-money valuation is what the investor is valuing the company today, before investment, while the post-money valuation is simply the pre-money valuation plus the contemplated aggregate investment amount. There are two items to note within the valuation context: stock option pools and warrants..."

For more, read the rest of the first of a series of posts on VC term sheets from Brad Feld here.

Time for an Updated Steelers Fight Song


steelerette
Originally uploaded by TigerTigerTiger.
Taking my cue from Cynthia Closkey:

" 'With nothing to play for, Steelers show they have everything'

'This game says a lot about our team,' said Ward. 'We really didn't have that much to play for, and they had everything to play for. We started with our starters, and our backups came in, and there was no dropoff. And that's been the case all year.'

That depth is only another reason to embrace this club going into the playoffs. They're a league-best 15-1, the best record in franchise history; they have the home-field advantage through the playoffs; and they beat the No. 2 seed in the AFC, New England, and the NFC's top dog, Philadelphia, in successive weeks. Plus, they're rolling, not having lost since the second weekend of the year.

'This is probably the best team I've been on,' said Ward. 'We don't really care who gets the accolades or success. We just believe in one another.'

OK, I think we're ready for someone to write new lyrics to the fight song now
."
_______________________________

Here is my shot at the new Steelers Fight Song (for the unitiated, to the tune of the Pennsylvania Polka.)

Da-Da-Da-Da-Ta-Da - Charge!

We're from the town with that great football team,
We cheer the Pittsburgh Steelers.
Coach Bill and all his friends are all on the field.
Go out and get them Steelers.

Big Ben, and Burress, the Duce, Bus and Hines,
We love you Pittsburgh Steelers.
It's been many years in coming,
just keep that Steelers machinery humming

Defense, Defense, make them scramble, intercept that ball.
Defense, Defense, keeps the Steelers always best of all!
Po-La-Ma-Lu, do your thing against the other team,
You start from year to year, we're so glad you play here,
Now join with me, and sing the Steelers cheer-er-ER!

We're from the town with that great football team,
We cheer the Pittsburgh Steelers.
Winning's a habit, not only a dream,
Go out and get them Steelers!

Porter and Farrior are here for the show,
and so is Big Ben's Army,
It's been many years in coming,
just keep that Steelers machinery humming.

Offense, Offense, take that football whole way up the field!
Offense, Offense, let's score and score and never ever yield!
Bus, Duce, Bus, Duce, can you believe we have a running game?

The Steelers are so great, and so hard to overrate,
Good things, will come, to those who work and wait.

Charge!

For more on the song, please see this post from Cindy.

Online Resources for Business Research

From ReachCustomersOnline.com:

"Marlow McClasky’s print newsletter for Fall 2004 has a terrific set of links for people doing US business research online. Her list includes Biz Journals, Statistical Abstract of the United States, Economy.com, FindArticles.com, Forbes Magazine Lists, Hoovers, InsightExpress’ Marketing Research Terms, NewsVoyager Links to US Newspapers, US State and County Demographics (Census Bureau), Marketing Research Statistical Tools, US Bureau of Labor Statistics, The Inflation Caculator (from 1800-2003), Zip Find Central (look up adjacent US zip codes)."


How Much Should I Charge for My Software?

From Joel on Software:

"'How much should I charge for my software?' When you ask the experts they don't seem to know. Pricing is a deep, dark mystery, they tell you. The biggest mistake software companies make is charging too little, so they don't get enough income, and they have to go out of business. An even bigger mistake, yes, even bigger than the biggest mistake, is charging too much, so they don't get enough customers, and they have to go out of business. Going out of business is not good because everybody loses their job, and you have to go work at Wal*Mart as a greeter, earning minimum wage and being forced to wear a polyester uniform all day long.

So if you like cotton uniforms you better get this right.
The answer is really complicated. I'm going to start with a little economic theory, then I'm going to tear the theory to bits, and when I'm finished, you'll know a lot more about pricing and you still won't know how much to charge for your software, but that's just the nature of pricing. "

1/02/2005

Breaking Up is Hard to Do on Seinfeld

From the Seinfeld: Dictionary:

Bad Breaker-Upper - someone who ends a relationship by saying mean things that people don't generally mean - but means them

Break-up By Association - what happens when a man and woman break up, and the man's friends no longer associate with the woman

Pre-Emptive Break-up - when a man anticipates that his girlfriend is going to break up with him, so he breaks up with her first

Stab Worthy - a man that routinely gets involved in bad relationship break-ups, and gets physically injured in the process, due to his below-the-belt insults

Financial Calculators

Check out this site containing dozens of freeFinancial Calculators.

Patent Portfolios More Important than Individual Patents

"According to an August 2004 paper by R. Polk Wagner and Gideon Parchomovsky, the benefits of patent portfolios are so significant that firms' patenting decisions are essentially unrelated to the expected value of individual patents. Because patent portfolios simultaneously increase both the scale and the diversity of available marketplace protections for innovations, firms will typically seek to obtain a large quantity of related patents, rather than evaluating their actual worth.

The result - which they see as widely-recognized in commercial circles - is that the modern patenting environment exhibits (and requires) a high-volume, portfolio-based approach that is at odds with scholars' traditional assumptions."

From I/P Updates.

The Art of Being On a Panel

This article by Guy Kawasaki offers the following tips for serving on a panel:

1. Control your introduction.
2. Entertain, don’t just inform.
3. Tell the truth—especially when the truth is obvious.
4. Err on the side of being plain and simple.
5. Never look bored.
6. Don’t look at the moderator.
7. Make casual conversation. You’re on stage, but act like you’re not.
8. Answer the question posed, but never limit yourself to the question posed.
9. Never say, “I agree with what the other panelists have said.”
10. Provide a way to get in touch with you.

Intellectual Property Primer

In today’s business environment, trade-marks, copyright, patents, and other forms of intellectual property are important to every business. Business people must therefore understand the laws that govern the acquisition, use and protection of intellectual property. This Intellectual Property Primer provides an overview of the fundamental principles of intellectual property law. It also discusses the important areas of Web site domain names, licensing and the protection of personal information. Lastly, this Primer provides information about intellectual property audits and how you can improve the management of your intellectual property and reduce intellectual property-related risks.

1/01/2005

What to Do About Competitors' I/P

"According to a November 22, 2004 article by Keith Zullow and Erica Kuo, here are the 'Top Ten Things to Do About Your Competitors’ Intellectual Property':

1. Monitor Your Competitors’ Patent Applications Before They Issue
2, Monitor the Progress of Your Competitors’ Patent Applications
3. Block Your Competitors’ Patents
4. Challenge Your Competitors’ Patents Before Your Competitor Can Take You to Court
5. Think About Approaching Your Competition for a License
6. Monitor Your Competitors’ Trademark Filings
7. Learn About Your Competitors’ Global Marketing Strategy
8. Challenge Marks That Hit Too Close Before Your Competitors Gain the Advantage
9. Monitor Your Competitors’ IP Licensing Activity in Foreign Countries
10. Know That Your Competition is Checking Up on You"

From I/P Updates.

Patent Searching Tips for Inventors

"Nearly any patent professional will recommend a formal patent search before filing a patent application. While a search is costly, it can actually save money. A search can reveal that someone else already invented your invention. This knowledge saves the time and expense of filing a patent application that would later be rejected.
If you're interested in saving the money involved in a formal search, you may consider doing an informal search yourself. If you find that your invention already exists, you will save the cost of the formal search."

There are several methods for searching for patents as explained in this PHOSITA post.

Useful E-business Tools

From TJ's Weblog:

"Paul Allen has this fantastic list of tools to stay competitive as a 'I have outsourced everything'-entrepreneur:

'PayPal. Many small companies exist on revenues that come through their PayPal account. It is quick and easy to setup a PayPal account and collect payments from PayPal users and from credit card owners.
eBay. Imagine the power of being able to reach tens of millions of buyers by listing items for sale on eBay. If you haven't tried this for your business, you've got to. Hundreds of thousands of people make a living on eBay.

OSCommerce. Good open source developers can develop a powerful ecommerce web site on top of this open source package. Worldhistory.com will soon launch it's ecommerce site built on this platform for less than $1,000. Besides OSCommerce, SourceForge.net lists hundreds of additional open source software projects that are available for download.
eLance. To find developers for your next project, you can post a project description on eLance.com and get several (sometimes dozens) of bids for your project. You can quickly see the portfolio of projects the developers have already completed, and choose your developer.

Alibaba. Alibaba is trying to become the leading business-to-business e-commerce portal in the world. The company raised $82 million in venture capital earlier this year. If you need to find a manufacturer in Asia or anywhere in the world, for that matter, to produce your products; or if you want to import and sell anything, chances are Alibaba will put you in touch with the right companies.'

Save it and try all of them."