Today's Entrepreneur

1814

Today's Entrepreneur: Alex Chan

No. 1 Mistake: Behind the cash and a phenomenal product lies one key ingredient: it is hustling

Innovation series by Mitos Suson
April 25, 2016
Short URL: http://vator.tv/n/44be

Today's Entrepreneur is Alex Chan, Founder of DataNovo. DataNovo is a big data, analytics startup that provides predictions of future outcomes and actionable recommendations to help companies, legal practitioners, and stakeholders assess the strength of a patent. For patent owners or accused infringers, our analytics platform helps facilitate your decision making in determining whether to settle upfront, challenge/defend patent validity at the U.S. Patent & Trademark Office ("USPTO"), or launch a full blown infringement or declaratory action at the District Court.

Chan is a patent attorney with 12+ years of experience in patent prosecution and litigation. He had drafted 300+ patent applications and litigated 15+ patent lawsuits. He is also a former patent examiner at the United States Patent and Trademark Office. 

DataNovo self-categorizes in these areas: AnalyticsBig dataData analyticsEnterprise software, and Legal.

Here's a little about Chan:

I am a(n): Entrepreneur

Companies I've founded or co-founded: TradeGig


Achievements (products built, personal awards won):

Named in a national journal as one of the top 50 IP lawyers in the U.S. (embargo date: May 16, 2016).

Named as a "Rising Star" in 2016 by a national magazine (embargo date: July 8, 2016). Only the top 2.5% of lawyers in the U.S. receive this recognition.

If you are an entrepreneur, why?

My DNA is coded in the unknowns. I do not accept the rational “whats.” I want to discover the “whys,” analyze the “hows,” and choose the “whichs.” As an entrepreneur, I do not believe that everything is binary. The ultimate perk of being an entrepreneur is that I get to scrutinize every decision like a chess move, take every risk like a death wish, and celebrate every win like a defending champ.

My favorite startups: DataNovo

What's most frustrating and rewarding about entrepreneurship/innovation?

As innovators, we strive to live in the present but think in the future: to create products that are often fairy tales in children’s books. This “time gap” creates triggers and barriers that sometimes sprout questions, criticisms, and concerns in others, from investors and customers to the general public. This is frustrating but necessary to our ultimate path of success.

The rewarding part is that we are given a rare opportunity to dispel doubts and demonstrate market fit. After all, if we all think alike, then no one is thinking. Innovation is how we show that great men don't always think alike.

What's the No. 1 mistake entrepreneurs make?

Behind the cash and a phenomenal product lies one key ingredient: it is hustling. No matter what arsenals we have at our disposal, building a successful company always comes down to knocking on every door, getting in front of every customer, and grinding through every adversity.

What are the top three lessons you've learned as an entrepreneur?

1) Be grateful for your team and give credits to each of them often and frequent. 
2) If opportunities don't knock, build a door. 
3) Willing to work 80 hours a week to avoid working 40 hours a week.

Full bio

I am an innovator grounded upon creative ideas and bold initiatives. Early this year, I founded and launched a big data analytics legal startup that focuses on predicting lawsuit success rates and finding creative ways to invalidate frivolous patents that are stifling innovations and shutting down hardworking businesses.  I also founded an e-commerce startup, funded by the Chilean government, that helps the unemployed find new ways to offer their skills and talents for profit or in exchange for credits towards other services. 

As part of my neverending commitment to help companies fight against abusive litigation, I have authored and published a number of legal articles via LA Daily Journal, Law360, and Bloomberg BNA on topics ranging from best defense practices for small businesses in frivolous litigation to political reform bills that impact every facet of patent litigation to the growing tensions between district and appellate courts.

A strong believer in creative thinking and inspiring ideas, my resolute goal is to bring my rigor, ideals, and excellence to patent litigation in ways rarely observed by my peers.  My commitment is to make global impact that is grounded on deeds, not words; on proofs, not promises; and actions, not proposals.

DataNovo is competing in the Splash Spring. The top eight of the competition will compete live on stage at Splash Spring on May 12 at Scottish Rite Center, Oakland. Register here.

*Want to be included in our Today's Entrepreneur series? Email me: mitos@vator.tv


Related companies, investors and entrepreneurs

22604
DataNovo Inc.
Startup/Business
Description: DataNovo finds prior arts to every patent instantly. Prior art is anything that shows an invention is old or obvious. Companies use prior...
Bio: I'm a patent attorney with 12+ years of experience in patent prosecution and litigation. I've drafted 300+ patent applications...
Vatorx1

Featured Stories

Vatorx1

Other episodes of this series

Today's Entrepreneur: Joe Du Bey

19644

Today's Entrepreneur

by Kristin Karaoglu
The early team defines the later team; be selective and consistent across values and talent

Today's Entrepreneur: Matthew Kropp

19603

Today's Entrepreneur

by Kristin Karaoglu
Making progress requires relentless pushing while also realizing that progress takes time

Today's Entrepreneur: Emi Gal

19619

Today's Entrepreneur

by Steven Loeb
The quality of the startup is directly proportional with the quality of the team 

Today's Entrepreneur: Richard Hamilton

19607

Today's Entrepreneur

by Kristin Karaoglu
Don't underestimate the amount of time, money, energy that will be required to fulfill your vision

Today's Entrepreneur: Rephael Sweary

Z1roubux5twauuewghpt

Today's Entrepreneur

by Steven Loeb
It is my belief that entrepreneurship is not a job, it’s your being
Get-listed-300x250