This blog covers FRESH and INTERESTING 21st century legal issues in a variety of areas including patent, trademark, copyright, IT, (social) media law, online piracy, and music law. You are welcome to post comments. You can email me at: email@example.com
A Beginner's Guide to What a Startup is?
Fresh and interesting article posted on TechCrunch about the actual meaning of a startup. Happy reading and New Year!
"If you regularly read technology media, and I honestly can’t recommend it, you will run into occasional references to “startups.” Many consider startups to be small companies determined to grow quickly in the hopes of becoming the next passé giant whose corporate campus costs so much to maintain that it eventually has to stop serving chilled sake by robot on Thursdays.
Everyone has their own definition of just what a startup is, and nearly everyone is wrong.
But what the hell is a startup? I ask because it seems that a wide class of corporations are regularly assigned Startup Status that do not deserve it. Is Uber a startup? Of course not. Is the company that your crazy uncle started in the basement to help people better glue the fins on their toy rockets a startup? No, that’s a failure waiting to happen.
Is the 14-person, one-year-old technology firm that has raised a total of $437,000 and burning cash monthly to help it keep up its sequential quarter revenue growth a startup? Yep.
There is copious gray room at play here, of course, so I am here to help.
(I asked a few venture capitalists what they thought, and Christopher Calder of Epic Ventures raised the management question, Matt Murphy of Kleiner Perkins noted the profitability point, and Rafael Corrales of Charles River riffed on the growth point.)
I think that we can instead rely on the 50, 100 or 500 rule, which I just made up. Here’s the term sheet: If your company has, or is any of the following, you have to hang up your Startup Uniform, and realize that you are just another technology company either hunting for or actively avoiding an IPO:
$50 million revenue run rate (forward 12 months);
100 or more employees;
Worth more than $500 million, on paper or otherwise.
So, if you’re worth $499 million, have 99 employees, and are on a current, forward-year, top-line run rate of $49 million, then congrats — you are still a startup. (Actually, if that is you, points for being valued at 10x future revenue, and having nearly half a million dollars in per-employee revenue.)
Those three numbers — 50, 100 and 500 — are useful as durable, if general guidelines as to what a startup in fact is.
But Xioami, Uber, and the rest of the unicorns are no longer startups. They are unicorns. What is a unicorn? A post-2010 tech company that was raised in the shadow of quantitative easing and low interest rates when bored capital let private companies not go public — consider it something of a corporate adolescence. Oh, and they are worth a billion or more on paper.
But even if our unicorns are business tweens, they are still not startups.
Finally, who thought that a company with a valuation of $40 billion could be a startup? The normal definitions of public companies’ various sizes are as follows:
So, by normal, public market statistics, not only is Uber’s $40 billion valuation far and above what a “startup” can maintain, according to our rule, it actually places the company among the most valuable public companies, in terms of classification. Lots of companies grow quickly. Not all are startups.
When you go to bed tonight, repeat the mantra: 50, 100, 500. You are welcome".
Tech predictions for 2015 are all around: A smartphone-PC marriage, cyber attacks, the continuing rise of wearable technology (particularly smart watches), phablets, drones, Internet of Things (IoT), 3D printing, mobile payments system, etc. In sum, 2015 is going to be exciting!
But what about smartphones, more precisely, iPhone? It seems the iPhone generation is over. La boucle est bouclée. Most of the mobile trends to watch in 2015 articles are talking about everything related to mobile except a new iPhone... and that makes sense.
Let's take a closer look at the Apple iPhone timeline and evolution
And now at the Apple iPad timeline and evolution
And finally a closer look at the recent iDevices
Considering how big the iPhone 6 Plus is, a new iPhone 7 seems unlikely. A "super" mini iPad too. The iDevice generation is completed. And that's a good thing. Big improvements are sometimes better than small new evolutions. Or perhaps Apple is still hiding something revolutiona…
It's a good time to be a Star Wars fan! Not only the first new epic
Lucasfilm 's spinoff Star Wars soon arrives in theaters (“Rogue One: A Star
Wars Story”) but a new case involving Lucasfilm’s trademarks has been filed in
California. The production company filed this action to protect against
infringement of their intellectual property (IP) rights, including but not limited
to their ownership of “Star Wars”, “Jedi”, “Lightsaber” trademarks, and the logo
of the Jedi Order. Nearly 38 years after the original Star
Wars movie hit the big screen, fans are still trying to use and feel the Force.
Without success. In the meantime, Lucasfilm (owned by Disney) is engaged in the
successful business of merchandising and licensing of distinctive characters
and elements associated with their movies, and of course the protection of
their IP rights. What’s
the case all about? As you know, Lucasfilm owns several
U.S trademarks, trade names, registrations, that incorporate and/or refer to
Mauvaise nouvelle pour les utilisateurs du site
« The Pirate Bay ». L’Avocat Général (« AG ») SZPUNAR vient
pratiquement d’annoncer son naufrage ! Dans son avis du 08 février 2017, il a
conclu d’une part que « The Pirate Bay » (« TPB »)
communique des œuvres au public et d’autre part que les fournisseurs d'accès à
Internet (« FAI ») peuvent bloquer l’accès au site TPB vu son rôle « crucial »
dans le partage de ces fichiers illicites.
The Pirate Bay sème la terreur depuis 2003… On connait tous sa
légende. C’est Le plus grand serveur torrent du web. Il bombarde les
ayants-droits depuis presque 15 ans. Il ne laisse jamais de survivant ; ou
très rarement. C’est l’intermédiaire
qui permet aux utilisateurs de partager les contenus (illégaux) en peer-to-peer. En effet, 90 à 95 % des
fichiers partagés sur le réseau du TPB contiennent des œuvres protégées et
distribuées sans le consentement des ayants droit. D’où vient-on ? Pourquoi cette affaire ?
Des Pays-Bas. D’un côté,
nous avons la soc…