Definition
A legal copy of an invention that gives the inventor's company exclusive rights to sell and make money on the invention for a certain period of time.
In the room
How the word shows up in a real conversation.
A mentor asks, “What is your What is Patent : Know about it?” The useful answer is concrete: detailed explanation of patents and intellectual property protection for inventions. A slide title is not an answer.
Common mistake
Using What is Patent : Know about it as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
What is Ad spend : Know about it
Comprehensive guide to understanding advertising expenditure and budget allocation.
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Angel-investor
Wealthy individual who provides capital to startups in exchange for equity.
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Cap table
The ledger of who owns the company: shares, options, and what converts later.
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Capital Cost
Cost of funds used to finance a business, including debt and equity expenses.
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