1st Edition

What Every Engineer Should Know About Starting a High-Tech Business Venture

By Eric Koester Copyright 2009
    610 Pages 80 B/W Illustrations
    by CRC Press

    by CRC Press

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    Written by an experienced business lawyer in the technology, scientific and engineering community, this publication is for the engineer with an innovative high-tech idea or concept who needs those crucial business insights and strategies to move that idea forward. It offers key analysis on how to leave a current employer, gain access to technologies and potential talent, and considers other issues that can reduce problems down the road. It even includes a step-by-step guide for accessing and protecting intellectual property at the earliest stages.

    To assist in the fundraising process, this resource explores all the available options to capitalize a business – from self-funding, to bootstrapping, to angel investors, to venture capital to government grants, to bank loans, to joint ventures. It also looks at the best ways to form a company so as to take advantage of various tax and business strategies, discusses compensation of employees with stock options or restricted stock plans, explains how an emerging company can expand internationally, and covers some key exit strategies such as an IPO or a merger/acquisition. It covers most everything a new technology business will face including hiring, firing, contracts, leases, loans, and product warranties.

    As you read, you will find this book is full of the stuff that engineers love: statistics, data, tools, spreadsheets, and research. But it also full of the anecdotal evidence and practical advice needed to stay the course. Now is a tremendous time for entrepreneurship. Although there have been periodic slowdowns in the economy, if you believe in a future, high-tech is the future in which to believe.

    This book is part of the Taylor & Francis/CRC Press series "What Every Engineer Should Know About… . Like the other books in the series, it is designed to provide you with important knowledge that will help you along your career path. This one will also help you make that path your own.

    Becoming a High-Tech Entrepreneur

    The Startup Life

    Your High-Tech Business Concept

    The Startup Road Ahead

    Starting It Up

    Forming a Founding Team

    Working with an Attorney

    Leaving Your Employer

    Forming the Business

    Planning for Your Business

    Building a Startup Success

    Raising Money

    Venture Capital

    Building Your Team

    Your Boards and Board Members

    Protecting Your Intellectual Property

    Product Development

    Marketing Efforts

    Sales Organizations

    Operational Matters of the Business

    Contracts and Product Warranties

    Startup Accounting

    Tax Considerations for a Startup

    Issuing Securities

    Next Steps and Stages

    International Expansion

    IPOs, Mergers, Acquisitions, and Sales

    The Entrepreneurial Circle of Life


    Additional Resources



    Eric Koester