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T INST 475 Blog Post 9

We talked about how to raise funding for a business. This brings to mind how I would start my business. As an indie developer, I would not need as much money to get things done but funding would start from my parents. They would have to support me living at the home while I worked on the project. Without their support, I would have to find more stable avenues of income. With the fact Unity is offered free until the company makes a certain amount of money, I could leverage using that engine. The only real issue is the fact I cannot do music or art myself. Instead I would have to hire some talented people to help. As such I would have to go to the next funding avenue, my friends and family. I have had an uncle who was always interested in investing in something I'm working on. We joke about it but it could be a reliable way to get funding. The other way to get funding is through Kickstarter. It's a cliche to go through crowd funding but it is something to do as I work on the pro…

T INST 475 Blog Post 8

This week we watched Starup.com and it was an interesting video indeed. The video was about two of the three founders of a tech company and the rise and fall of their business. It told the tale of how they build the company and how it fell apart due to their inexperience. Looking at the way they ran the business, it was clear they were young and they felt like they knew everything. From the beginning of the start of the company, both of them felt they knew what was best for the company at the time. Tom himself was a major hindrance to the company as he didn't know how to properly integrate the system with what they needed to do. He was too young to be in the position he was in. He also refused to take the business seriously as the documentary showed Tom becoming less interested in working at the company over time. The only smart person I feel was in the movie was Keith who was rarely in the movie and was treated more as a villain for wanting an equal share of the funds. While he d…

T INST 475 Blog Post 7

This blog post is about Shadrach White. He came to our class and talked about his early days of his businesses and how he came to where he is today. He had interesting stories to tell such as the time he first went into the jersey business and worked with a family to get the brand name associated with the clothing line. It was interesting to hear about his early business dealings with multiple companies. While his first business failed, it did give me an idea how difficult it is to run a business without experience. Without the proper experience and help, a business owner will fail. It is understandable that most new businesses fail due to the inexperience of the business owner.

This has me wondering how I should approach my business in trying to start a game studio. The market is flooded with different indie studios and we're all trying to grab the attention of the public to grab hold of the market. It's important for me to understand that while that may be the case, my busin…

T INST 475 Blog Post 6

This week's presenter talked about the idea of how he took his idea and founded a company around it. It started with his research that he made over time. Being able to scan a location and build an area with tags made it easier for people mapping out a location. However, he first had to find a market for this product. By going to different departments and asking how he could help him, he managed to find a use for his research and develop a product as well. Ultimately he managed to make a company that works to help firefighters map out a build in real time and make it easier for them to run through a dangerous situation.

This week's presentation taught me a few things. First, it showed me university patents work. As the university would only make money from the patent, it would seem negative for them to hold it. However, due to the fact most universities have the money to pay for lawyers, having them own the patent means that they are willing to pay to protect their properties. …

T INST 475 Blog Post 5

Last week Erik Hanberg visited our class and talked about his experience being an entrepreneur. He talked about the ups and downs of his experience. It was an interesting look at someone who took advantage of marketing figured out how to make a product for his business. Without the ability to market himself and identifying his audience, he wouldn't have a suitable business to work with at this moment.

One of the early things I learned about starting a business from him was to not have kids early. While it seems like a silly thing to say, he did mention when having kids, the expenses would go up. According to Erik's presentation, having kids increased his expenses. If I were to start a business, I would have to try to keep any expenses down until I can earn surplus money that I feel safe spending. Running a business is hard and if the earlier exercise we did in class showed me, keeping a $30k personal budget is difficult enough without having to raise a child.

The other thing I…

T INST 475 Blog Post 4

This week we talked about the beginning steps to protecting one's idea and intellectual properties when running a business. It's important to do so in this day and age of technology. Information is an important key factor to a business's success. If products in development were leaked or unique ideas were constantly given out, a company's competitors will take advantage of that information and use it for their own gains. In order to solve this problem, companies have implemented different things to protect themselves from this issue.
In order for my company to protect itself, I would have to implement the following ideas. The first is to implement NDAs to those who visit my company or work at my company. Like other game companies, the product we're releasing will be necessarily protected. If other competitors in the industry knew how far along our product is or any mechanics we chosen to implement that weren't release to the public, we want to make sure that is…

T INST 475 Blog Post 3

For this week's blog post, we read the first 10 pages of The Technology Entrepreneurship's Guidebook. In short, the first 10 pages were mostly about the reasons why some technology companies are successful. The key factors being that the company solves a problem in the market and that the entrepreneur is able to perform multiple things such as bringing long term value to the company, being a leader, and having courage to take the risk to be an entrepreneur is part of how they become successful. In general this makes me question about my business plan and if I have those characteristics.

My passion for games is part of why I want to start a business making games. However, I know it's extremely difficult to make an indie studio without good game ideas. It's also hard to get people to play my game when a lot of games out there already exist. However, I do study the successful indie studios and I always take the time to try and understand how they succeeded where others wo…