Breaking News
Blog

A Startup Needs a Good Board of Directors

NO RATINGS
View Comments: Oldest First | Newest First | Threaded View
barunkd
User Rank
Rookie
Also Strategic Investors
barunkd   4/11/2014 4:59:26 AM
NO RATINGS
Yes, having a knowledgable (and well connected) board member is crucial for success of a strat-up in high tech industry.

There are another key component of a strat-up success in high tech industry i.e. strategic investor. An investor who no only brings money, but also brings doamin/ market knowledge as well as connections to the start-up. In high tech industry promoters of most of the start-up makes money when their company gets acquired. A strategic investor can play a vital role in that

Regards,

Barun

Michel Courtoy
User Rank
Blogger
Re: Also Strategic Investors
Michel Courtoy   4/11/2014 1:43:58 PM
NO RATINGS
Hi Barun,

You are absolutely right: the strategic advisors/board members often are the ones that drive the start-up founders to build key relationships to create an ecosystem around the company.  These relationships building should start early and can result in M&A opportunities.

Michel

barunkd
User Rank
Rookie
Re: Also Strategic Investors
barunkd   4/12/2014 3:30:03 AM
NO RATINGS
Hi Michael,

I think below are key partnerships a start-up in EDA and IP area should work on. When I mention partnership I mean the other partner should have some potential upside in the success of the product and ready to contribute to some extent for that success (one form is defnitely work against equity, but there can be other options)

Schenario 1: Start-up based in US/ Western Europe/ Taiwan/ Japan - These locations have customer base for the product, but these locations are high cost

The required partner:

a. A services company at low cost geography: For EDA and IP the engineering cost is a significant proportion of the product development cost. Hence driving the cost down which in turn result in lower product price and hence most probably higher market share is critical

Schenario 2: Start-up based in India/ Eastern Europe/ China - These locations have low cost, but virtually no customer base

The required partner:

a. A sales and marketing partner, based in customer location, who can help to have at least one customer tie-up at product development phase and can take the products to many potential customer when the produt is ready. In high tech industry it is always advisable to make a product with a potential customer, otherwise the chance of product success decreases dramamtically

 

 

Regards,

Barun

 

More Blogs
People talk about the significant reduction in automotive insurance rates (if you drive a self-driving car, that is) and how it will add momentum to autonomy. Is the assumption correct? I popped the question to the insurance industry.
It's time we slow down the fevered pace of new technology and product introductions and learn a lesson from Apple about useful products based on proven components.
The Industrial Internet of Things often starts with a wealth of non-IP-based links users can leverage on their way to an IoT nirvana, Echelon's chief executive says.
The economists got it wrong when they though productivity gains would lead to shorter workweeks.
Samsung is building a 10-story complex in the heart of Silicon Valley that will be home for some of its memory and display researchers and a whole lot of ecosystem efforts.
Most Recent Comments
_hm
 
Bert22306
 
Susan Rambo
 
Loser99
 
Max The Magnificent
 
Susan Rambo
 
Max The Magnificent
 
fandres17
 
BillM210
Flash Poll
Radio
LATEST ARCHIVED BROADCAST
Join our online Radio Show on Friday 11th July starting at 2:00pm Eastern, when EETimes editor of all things fun and interesting, Max Maxfield, and embedded systems expert, Jack Ganssle, will debate as to just what is, and is not, and embedded system.
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Times on Twitter
EE Times Twitter Feed
Top Comments of the Week