Everything Demetrius Giannoccaro said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Intellectual property is a startup's only leverage in Big Tech acquisitions
“Because in the end of the day, once they're about to get acquired by Google or whatever that might be, the only actually tool that they will have in the conversation will be how good IP they have, of course.”
Startups must build IP portfolios once they reach billion-dollar valuations
“Regardless whether you're a Snapchat or let's say that you're Uber, you need to file patents because in the end of the day, as long as you're small, nobody will care if you do whatever they do. But once you start to become the huge billion valuated company, yo…”
Facebook files defensive patents solely to avoid being blocked by competitors
“They file a lot of patents, and the reason why they do it is because they want to make sure that no one else will infringe on them or Maybe stop them for offering a service.”
IAMIP has had zero customer churn since its inception
“Currently zero.”
Corporate employees often do not know what patents their firm owns
“You know, one of the most common problem within large corporations is that the employees don't even know which type of patent the company have. And that's actually the reality.”
IAMIP reached $60,000 in monthly recurring revenue after three years
“It was three years ago, and today we have reached an MRR of approximately 60,000 US dollar a month.”
Thirty percent of IAMIP's paying customers are Fortune 500 companies
“And I would say 30% of these customers are among the fortune 500.”
Giannoccaro regrets not sharing equity with more early co-founders for speed
“I regretted that I didn't invite more people so we could be, have been much faster in the development because the problem was to find good people.”
IAMIP is raising a 1 million euro round at a $5M valuation
“And this valuation run that we're in now was actually five million US dollar.”
Giannoccaro says he will never build another startup due to the toll
“But most likely, Nathan, I would never do this again. It has killed me.”