By guest authors Irina Patterson and Candice Arnold Jerry: Very few of the SBA [Small Business Association] programs are of any value to us. Most of the companies here, their main asset is intellectual property. Intellectual property is different from brick-and-mortar [property]. If people go through SBA funding sources, they have to use their personal
By guest authors Irina Patterson and Praveen Karoshi Irina: Could you describe an ideal company that would benefit from your program? Ross: Most people that we bring into our program do not have established businesses. They are people who are seeking out ideas. I can give you an example. There was a woman [Judy Davids]
By guest authors Irina Patterson and Candice Arnold Jerry: What our success is in, it’s the tech development side; it’s helping the economy grow; it’s creating jobs; it’s attracting businesses and investors to New Jersey, and building a high-tech, world-class workforce of people who want to stay in the state. Those are my mission objectives
By guest authors Irina Patterson and Praveen Karoshi Ross: [Since LLG is an online training platform for a pre-licensing exam for the insurance sales force], we can grow the company in Detroit, Michigan, but we can service the entire country and we don’t have to be in those different states in order to sell our
By guest authors Irina Patterson and Praveen Karoshi I am talking to Ross Sanders, executive director of Bizdom U, which is a not-for-profit business accelerator, that is in some ways similar to Y Combinator and yet different in others. The founder of Bizdom U is Dan Gilbert, a serial entrepreneur, chairman and founder of Quicken
By guest authors Irina Patterson and Candice Arnold Jerry: One of the areas that works well for us is I have very strong networking here. One of the reasons I have those networking sessions is so that people come in, and they actually sit down and talk to each other. Because of that, they might
By guest authors Irina Patterson and Praveen Karoshi Irina: Are there any financial firms that specialize in software escrow? Tim: Very few. It’s a good business to get into. It is emerging, because software code is an asset. It is a transferable asset, unlike making something in a factory. If this code has proven commercial
By guest authors Irina Patterson and Candice Arnold Irina: How many inquiries do you receive a month? Jerry: I get two or three a week. Irina: Out of those, how many do you usually accept? Jerry: That’s a very good question. It’s a cyclical thing. Typically, 50% of them are people who will say, “I