BusinessModel

Mini-Checklist: Startup Self-Diagnosis – 5 “IP Blind Spots” in Your Business Model


Blind Spot 1: Having IP but failing to link it to revenue
Ask yourself:

  • What is our core IP (technology, software, data, processes, brand...)?
  • Where is this IP generating direct or indirect revenue?
  • If this IP were removed, would our current revenue be impacted?

Warning Signs:

  • IP only appears in the “Legal” slide of your pitch deck.
  • No one on the team can answer: How does this IP help us make money?

Quick Fix:

Write one sentence: “IP [X] helps us generate revenue by [Y] from customer [Z].”

If you can’t write this → you have a serious blind spot.

Blind Spot 2: IP exists but fails to create competitive barriers (Moats)
Ask yourself:

  • If a competitor sees our product today, how long would it take them to copy it? (1 week / 1 month / 6 months / 2 years?)
  • Which part of the product is the hardest to replicate?

Warning Signs:

  • Competitors copy quickly, and the startup is “powerless” to stop them.
  • The only advantage is speed, not control or ownership.

Quick Fix:

Circle 1–2 elements that are the hardest to copy → that is the IP you need to protect and exploit, not everything else.

Blind Spot 3: Messy or ambiguous IP ownership
Ask yourself:

  • Who created the IP? Founders, employees, freelancers, or partners?
  • Have all rights been officially transferred via signed contracts?
  • Are we using third-party code, images, or data without clear permissions?

Warning Signs:

  • IP was written by a freelancer without a clear contract.
  • The Founder thinks it belongs to "the company," but the paperwork is still in their personal name.

Quick Fix:

Create a simple table: IP – Creator – Owner – Proof of Ownership.

Even one ambiguous IP is enough to make investors walk away.

Blind Spot 4: IP is not aligned with the target market
Ask yourself:

  • In which market is the startup currently making (or planning to make) money?
  • Is the IP protected in that specific market?
  • Do we have a plan for territorial IP expansion?

Warning Signs:

  • IP is registered "just to fill the file" but doesn't match the actual business territory.
  • No one on the team knows where the IP is currently protected.

Quick Fix:

Apply the 80/20 Rule: Protect your IP in the regions that will generate 80% of your future revenue, not everywhere at once.

Blind Spot 5: IP is unusable for fundraising & partnerships
Ask yourself:

  • If an investor asks: “What is the proof of your IP’s value?” → what can you provide?
  • Can this IP be licensed, integrated, or shared under controlled conditions?

Warning Signs:

  • You only have certificates, but no contracts, Letters of Intent (LOI), or pipelines.
  • The IP depends entirely on one specific individual in the team.

Quick Fix:

Prepare an IP Value Proof Slide: [Which IP] → [Helped which deal] → [Created what value].

Self-Diagnosis Results

  • Below 3/5 points: IP is a strategic weakness.
  • 3–4/5 points: You have a foundation, but IP is not yet a lever for growth.
  • 5/5 points: Your IP is ready for deep exploitation (licensing, fundraising, partnerships).

The Message

IP is not dangerous because you haven't registered it — IP is dangerous because you don't know how it serves your business model.

This mini-checklist is the first step for startups to view IP as a business asset, not just a legal procedure.

© Copyright by KisStartup. All forms of copying, quoting, or reusing must clearly credit the source: KisStartup.

Author: 
Nguyễn Đặng Tuấn Minh