RESEARCH TITLED REGULATING EMERGING TECHNOLOGIES – Privacy Policy We are very keen on being compliant with the European data protection rules and principles to protect you and your personal data. We at KassaiLaw will always go the extra mile to protect your privacy data and never sell it any third parties. This Privacy Policy contains
How_to_regulate_emerging_technologies_research_privacy_policy Read More »
Our thought-provoking discussion about the power of ambient intelligence provided some valuable insights on the future impact of ambient technology on our daily lives and how it is already transforming the way we live, work, and play.
Connected to the Future Read More »
Have you ever imagined living in a world where your home, car, and even your most basic devices are all connected and working together to make your life easier?
Connected to the Future – Thriving in the world of ambient computing Read More »
Is this the end of the crypto wild-west? Regulators have been extremely active in the crypto field lately, especially in the past few weeks. One of the cornerstones, the MICA is expected to be approved by the EU Parliament soon – but what does it actually mean to the crypto-ecosystem? Do we really get actual
Speaking at SvD Bank Summit Read More »
As the second article in our series on starting a business abroad, we’ve brought you a country that’s terribly close to our hearts: Sweden. After Silicon Valley, the Swedish capital produces the highest number of unicorn companies per capita in the world.
Entrepreneurship in a Trust-based Society – Starting a business in Sweden Read More »
A kĂĽlföldi cĂ©galapĂtást segĂtĹ‘ cikksorozatunk második rĂ©szekĂ©nt egy olyan országot hoztunk nektek, ami a mi szĂvĂĽnkhöz is kifejezetten közel áll: SvĂ©dország. A SzilĂcium-völgy után a svĂ©d fĹ‘város áll a második helyen az egy fĹ‘re vetĂtett unikornis cĂ©gek számát tekintve. A neves cĂ©gek mellett számos találmány otthona – mint a dinamit vagy a pĂ©szmĂ©ker, valamint a Nobel-dĂj Ă©s
Vállalkozás egy bizalom alapĂş társadalomban – cĂ©galapĂtás SvĂ©dországban Read More »
We receive a lot of enquiries about opportunities to set up companies in various countries around the world, so we decided to present some of the possibilities. Since Estonia is a particularly popular destination, we will first briefly summarise and share with you the most important things you need to know about Estonia.
Starting a business in Estonia, made easy Read More »
Exciting developments
are underway at Kassailaw!
Our team of legal and technology experts is hard at work, preparing to launch a new and innovative way to access information and knowledge. This interactive platform will provide an immersive and engaging experience and we’re eager to share it with you.
Stay tuned!
🔥💡💻
Bence Mehesz
Legal Intern
“Is your team the dream team? How much percentage should each founder get?” One of the core ingredients to success is the right team with complementing skills and personalities: early stage investors (and business partners too, by the way) will invest in the team, not the idea. Our goal is to guide you in building a strong and well-functioning team, as well as help you uncover potential friction points or weaknesses in the team, so that you can address them in the very beginning. When it comes to the fair split with your co-founders, if you need a reference point, or just want reassurance, we have developed our own tool for equity split calculation. Hint: the one answer that’s certainly wrong is a hasty 50-50 split.
You have spotted a problem and found a viable solution – in other words, you have your idea. What’s the next step? You need to make sure that the problem your business is trying to solve is a valid problem for a wide enough group, and that
Are you sure that the problem your business is trying to solve is a valid problem for a wide enough group?Â
When you spot a problem and think you have found a viable solution to create a business around, it’s all too easy to get excited and jump straight into ideating a solution.
Avoid making something and then hoping people buy it when you could research what people need and then make that.
It doesn’t make any sense to make a key and then run around looking for a lock to open.
There are many ingredients in the recipe for creating a successful startup, but most certainly whatever you read and wherever you go, one of the first pieces of advice is going to be to do your homework properly regarding the validation. You have to validate both your problem and your solution to be able to define the perfect problem-solution and later on the product-market fit. If you manipulate your future customers into liking your solution or do not reveal all the aspects and layers of a problem you identified, your idea can easily lose its ground and with that the probability of it surviving and actually being turned into a prosperous business. Let us know if we can help at this initial but yet super-important stage.
Validation is the first step in moving towards learning more about the problem you are ultimately looking to solve.
Finding your unique value proposition is only possible if you take a thorough glance at your competitors. The world of tech is highly competitive, particularly so when you operate in a field with low entry barriers, you need to carefully examine and regularly update the news and developments of those companies who act in the same field and market. This might lead to several pivots for you if necessary, because you can significantly increase your chances of success if you can offer a—at least in some aspect—unique solution to your customers. The introduction as “we are like Uber/Snapchat/WeWork/Spotify, only better” is hardly sufficient in most cases. Unless you really are so much better, but then you need to know that too, so up the competitive analysis.
