Tech Startups and the Perils of Insolvency

Early stages and startups are delicate and tempestuous times for any enterprise, but a tech startup has its perils that must be circumvented. With all the “To Dos” and bustle of activity Intellectual Property or IP is often relegated to the back seat.

For tech startups, IP is the most important asset, and many times the most valuable asset the company holds. It could be the cornerstone for a new industry, it could be used to secure funding or serve the business in many other ways, and it is important to set down measures that protect it.

This will begin with a comprehensive understanding of what your IP wealth consists of and the extent it reaches, this will give you the plan for implementing robust protections systems and finding ways of commercializing this IP.

Following are some key points to consider when safeguarding your IP:

1. Formulate an IP Protection Strategy:  This is best practiced early in the game with all the appropriate rights to IP obtained from the very beginning. The product offering or service in question can be compromised if it is not.  Attempting to make adjustments and repairs later on down the line can be risky and expensive.

2.  Use “Clean Room” Procedures: When handling third party IP assets it is essential to use “clean room” procedures to prevent claims of IP ownership in the future.

3. Use only open source software with caution and make sure that all the stipulations regarding disclosure have been met for any derivative software.

4. Apply Escrow Protection from the first step

5. Proper documentation of the procedures is as essential as the application of the procedures themselves. These will serve you well in the future when looking for investors.

Which are the Most Relevant IP Assets in Technology Startups?

As a rule of thumb, developed software takes the first place, this includes database rights and copyright protection and any patents the Startup is holding. There will be indubitably a stash of little corporate secrets (confidential information) cloistered away as well, which underlies the use of technology and software that must be protected.

It will be significant to remember that the slick marketing of the business through the certain channels will be greatly facilitated if trademark protections is found and applied early to the business, brand, and logo.

What Options Exist for Tech startups facing Insolvency?

Insolvency issues place many of the same problems to tech start-ups as they do to many professional practices. With reference to the article published on Mr. Jamie Playford who is a licensed insolvency practitioner faced a similar situation. They suggest that depending on the amount of development that has been accomplished, it may be that there are not many assets that can be sold and that all the true value of the company exists in digital information, notebooks and the minds of the founders. Restructuring can be a difficult process.

Creditors are not known to be patient, and it is often the best idea to seek out the advice of a qualified insolvency practitioner. The advice might be to go on trading, and this can protect the directors, but if not then they are sure to provide some information that can mitigate the situation.

Innovations and entrepreneurs behind them were meant to be protected by the Enterprise Act 2002, so a pre-packaged administration may be recommended, this would mean the idea business of will be saved and the idea can continue to flourish.

Company Voluntary Arrangements may be another idea worth looking into if you have a good standing with the creditors; it is a long shot as most often there is no track record and creditors would be hesitant to this.

Finally, liquidation would allow the directors to buy assets from the liquidator. The major benefit of an administration over liquidation is the continuation of the project as well as the ability to retain essential staff.

If facing the possibility of Insolvency, what are the primary factors that an Insolvency Practitioner will calculate when liquidating assets like licenses and databases?

One of the most complex will be the Data Protection issue; Insolvency Practitioners will have to consider if the data is manual or electronic especially when it comes to personal data like customer information.

This will also have to be considered in conjunction with the permissions given when the data was submitted, whether this is a notified data controller and many other particulars.

The considerations are vast and detailed and if you are not sure how to proceed it would be best to get some qualified advice from an expert in these things. The value of IP has to be ascertained by someone with experience and perspective in the field to be sure their are no intellectual or copyright infringements in the data.

Licenses themselves may be quite complex, and it will take a skilled eye to explain all the qualifications, and details, so be sure to have them reviewed by someone who can explain them in detail.

The Importance of Server Management

server managementAt this time and age, technology is the strongest pillar for any successful business. Getting the latest technology and having it maintained will see your business getting into higher (and rather unimaginable) heights. One of the latest technologies that have seen businesses prosper is effective server management. Any business that deals with computers needs servers. However, the servers must be maintained effectively for best results. Server management market is very competitive and the chances of getting the best services are very high. Let’s look at the role and importance of server management.

What is server management?

This is the act of maintaining the servers that are responsible for powering your website. Different innovations are used to make sever management at its best. It is important to note that every website must be hosted on a server. Server management keeps the servers updated and running properly always.


Server management has many advantages to a business. It doesn’t matter whether your business is large or small. The truth is that management of servers is a requirement for businesses of all sizes. Here are some of the main advantages of server management;

Malware and virus infection can spell doom to the continuity of the business. This is where server management comes in. it ensures that all the ant viruses in the system are up to date thus minimizing the chances of attack by a virus. Important data of an organization can be attacked by a virus leading to corruption or loss. This can put a business at a risk of losing direction.

Secondly, server management is responsible for checking the available space in the system. This will determine whether there is adequate space for installing new programs or not. It is important to note that if the system runs out of space; its operations will slow down and even come to a stand.

Typically, Microsoft releases updates every week; especially on Tuesdays. To ensure that your system is kept updated when those updates arrive, it is important to seek the help of effective server management. The management will update the servers regularly and no software will be out of date. Note that outdated software will not give the expected results.

Server management is also important in checking the weaknesses of some drivers. It stands to reason that if a driver fails, the whole system will be in a mess and this means business backwardness. The server management aspect will detect those drivers which show signs of failure and take necessary steps towards stopping those hazards.

A business is vulnerable to loss of data at any time from its system. What will happen if a business loses all the data from the system? Will that mean developing a new system? No. with effective server management, all the system data can be backed up and restored when such situations occur. Data restoration is impossible without server management.

Effective data management ensures steady internet connectivity. This is because internet connection is mandatory for any successful business. Internet ensures best coordination among the staff members of an organization. Hardware and network failure problems are common in organizations where servers are not managed well. This leads to business failure.

Having looked at the various roles of effective server management, it is important to know who the best service provider for your business is. There are many server management companies who offer these services. The type of company you choose depends on the size of your business and the workload that you have in place. It is worth to choose a company that have been in practice for long; experience counts. The best place to get a reliable service provider is web hosting talk forums. Here you will find a number of reviews of best companies where you can choose the one which matches with your taste and preference.


It goes without saying that effective server management is an important aspect for the information technology department. The maintenance will make the graph of the company to move towards the right always without any interference. Several companies offer server management services and it is important to choose that company with the best reputation if you want to get best results. Reach out for the services and have the dreams of your business turned into realities.

Standardization of Digital Transaction Management through the xDTM Standard

xDTM StandardCompanies are realizing the need for digital transaction management, due to its ability to make document-based transactions more efficient, easier and faster. It allows organizations to eliminate manual and paper-based tasks in collecting information, signatures and payments. In return, companies that have implemented digital transaction management (DTM) realize high returns on investment, reduced document processing errors, and unmatched customer experience and loyalty. With the office becoming more digital, this type of transaction management removes the complexity associated with accomplishing many types of transactions at different times, from different people in different locations. Globally, three quarters of large organizations have initiated DTM practices, and the market is set to reach $30 billion by 2020.

Need for secure digital transaction management

However, the modern digital office meets several challenges such as possible confidential and security breaches for private data and information. Thus secure transfer of signed documents through emails must be done carefully. In fact, with the rise in online data security breaches, the need for secure document exchange can no longer be ignored. The exchange of documents between parties must involve strategies such as encryption, for instance. Another challenge at the heart of the digital office is the use of various platforms, methods, procedures and policies in digital transaction management – which has called for the need of standardization.

Standardization of digital transactions

Standardization of any system allows interoperability of components and assures users that what they buy will be useful on other platforms floated by various players in an industry. Standardization will bring together various industry players providing different types of services and equipment. The xDTM Standard has, therefore, been developed as a result of need to organize digital transaction management and allow use of best practices by professionals. The cloud-based service will allow companies to manage digital document-based transactions while ensuring a set of rules, standards and policies are observed. The parties are also to use predictable, consistent and trustworthy systems among themselves. The xDTM Standard is now supported by over 300 organizations in different professions.

The xDTM Standard: Requirements, Methods and Procedures

The xDTM Standard is built on eight pillars, namely security, compliance, privacy, availability, universality, interoperability, enforceability and scalability. The standard will seek to comply to various policies depending on the industry in question.

Security: The system will ensure that all data and information is secured from illegal access and unauthorized leakages by implementing industry-standard encryption and offering secure access privileges as required, in addition to ensuring that other proactive measures are taken to improve data security. This will help curb crimes related to stealing sensitive customer and company data, for instance. First, a document will need a digital signature that can be proved to be authentic (not forged or tampered with): the signature allows an audit trail of the document. Signature authenticity and document integrity sits at the center of security of transactions. Methods such as type-to-sign, biometrics, Electronic notary, and Digital Certificates have been applied in authenticating electronic signature. Authenticity of a document is proved using the digital signature and the audit trail. Examples of electronic signatures being used include DocuSign, Adobe EchoSign and RightSigniture.

Privacy: Privacy of transactions is an important aspect in business today and many organizations are required by law to keep customer private data confidential. The xDTM Standard will allow people and organizations using the digital transaction management systems to have the discretion to reveal desired information. In addition, the xDTM Standard will ensure that such private data is not sold.

Compliance: The compliance with industry standards, laws and policies is verified by carrying out recurring third party auditing. the transactions will comply to ISO 27001, HIPAA controls, and SSAE 16, among other policies.

Openness: In addition to allowing collaboration, use of open gateways and APIs through the xDTM Standard will help in availing the data continuously.

Universal: The computer environment is already diverse, with different programming languages and devices, for instance. Unification of systems required that the xDTM transactions work uniformly across these diversities.

Scalability: The volume by which digital transactions by large organizations increase over time is unimaginable. Thus, the xDTM platform must be able to accept high volume of transactions while maintaining good performance.

Enforceability: The system will ensure provision of reliable and transparent platform that can provide an audit trail track for historical transactions in cases of regulatory and legal needs.

xDTM Standard will allow secure use of digital electronic signatures when companies are undertaking contracts and negotiations. Already, different countries around the world have laws allowing use of digital signals in carrying out international business. An example is the Uniform Electronic Transaction Act (UETA).

What type of organizations to implement DTM?

Large-scale firms with global presence are technically realizing that DTM is unavoidable since paper-based transactions are virtually impossible. Local firms are realizing that paper-based transactions can not cope with modern fast-paced business environment. In addition, there are calls for adoption of smart methods that will cut down on environmental footprint. Thus DTM becomes a standard for all firms.

The Genuine Importance of Value Analysis Management

The central objective to any project is to get a task done properly within the confines of a set deadline and to accomplish this, it must either be at the set budget or if you’re lucky, even under budget. Of course, there will never be any guarantees made prior to any specific objective, especially in the regards to whether or not it will succeed. If a business incorporates value analysis management (VAM) in it’s purest form, the chances for success become far greater with it than they ever could without it.

value analysis management

A System All It’s Own

One of the greatest aspects of utilizing VAM is that it is it’s a system all it’s own, it can keep tabs with various projects in the particular areas of the work, the time that is used and the finances spent during the entire process. Because of this highly sound system, project managers will never become frustrated over an overwhelming amount of systems that need to be integrated.

VAM can analyze the exact amount of the work that has been rendered, give a precise estimate of the entire project’s cost and the exact date, the project’s performance and when the project will ultimately become completed. Another great component of VAM is that it will keep a fail-proof record of the budget’s real-time movement throughout the entire process.

Matters of Variance 

A specific type of examination which is utilized in value analysis management is titled the variance and it is an aspect which will focus on the differences between the projected baseline and the reality of the resulted performance. There are three specific levels that the variance will be ultimately measured on, they are “the planned estimation”, “the actual plan” and “the final estimate”.

The indefinite process as to which variance will likely result in will strictly depend on several elements, which include the specific industry, the incorporated perimeters and the given standards. You must always thoroughly examine the data when figuring in the variance aspect. It is an absolutely essential that it is completed and there must always be a standard in providing precise information when assuming all of the various calculations. It will be those differences in the final tally that will provide you with the exact reality of where the project stands and where it should go from there. It can also enable a person to precisely track the exact location of a specific problem which will more than likely prove to be detrimental in the end.

The real benefit that will be achieved by adequately using VAM is that when the project is being done to the best of ability,the work will be properly defined in it’s best terms and finally produced with the lowest amount of finances expended during the process. These special values can be felt by employees on an individual basis and it is also be seen and felt as a team.

VAM Helps you Come Out the Winner

When a company instills the proper usage of value analysis management, the productivity and the goals will be looked at on a cohesive level that will inevitably mean true success shared by all within the company. Examining, every step-by-step of of such a crucial business function will always assist you in coming out the winner and that is why Value Analysis Management was ultimately designed.

Tech Bubble Burst, Is It Happening Soon?

Technology Bubble BurstLooking around at the tech companies in the world, most have what is negligible or no revenue. However when it comes to value of companies especially the big tech companies, the estimated value comes at an illogical value of even more than $ 1 billion, with no way of give good reason for such estimated values. This on the other hand clearly shows that there is a boom in the tech world and to a larger extend signs of a tech bubble burst can be seen.

How tech bubble comes to be?

Understanding of events in the tech world and how there seems to be a bubble burst comes with taking a keen interest in tech companies. Investigating further one can literally see a burst of inflation rates than what they were previously predicted to reach. One way this comes about is that the interest rates given to the tech companies are always valued at 0%. With the borrowers, being the tech company paying interest loans at no charge money gotten is cheap. Still when it comes to savings, they go ahead saving the money in low risk to risk free bank accounts giving them the upper hand and thus gain money. However in the tech world the tech burst comes to be as the investment is done in extremely risky assets that have massive returns and thus the valuation comes to be. This way money for the investors comes up in the end leaving no money for the company. The result that occurs is the stocks and other investment assets in relation to the company go up.

Reality on the ground

In recent times comparisons in software trading and number of deals being done show that there is a massive decline in the amount of money placed by investors in companies. This is for the simple reason that the numbers of deals are significantly fewer than what was previously traded. In the long run the tech companies end up being overvalued with no real money in the company, showing that the tech bubble burst is about to happen. Strong evidence showing that the tech bubble burst is happening soon is that mass money coming in can be traced to IPOs that are losing money. With tech a company using the trick to go public shows the bubble clearly. With the profits reported always being shown in negative the need to raise the revenue seems to still be working, but on a larger scale. The tech companies then overvalue the stock overpricing it in the process making it go even higher creating bubbles.

Revenue usage

When it comes to usage of the money, a simple trace ends up leading to the salaries of top management and engineers in such tech worlds. With surveys showing that engineers get an absurd amount of almost $ 100,000 each the money is spend as fast s it comes in. This usually leaves the tech companies in disarray, as with successful new project currently in the market a negative profit is usually shown. This in the need leads to layoffs when the stock valuations are done.Will there be a tech bubble burst soon? The answer to this lies with the tech company’s overvaluation of their stock and lack of investment in the company. However looking at the evidence, it seems to be a ticking time boom.