How do we develop a good IP strategy?

As Steven and Jerry mentioned, IP is very important to investors. Having a sound IP strategy gives angel investors a higher level of comfort to invest in your company. In the event that things don't go as plan and the business fails, you could still sell the IP and get a return back, or potentially start over. Demonstrating an IP growth strategy also makes it easier when you need to go back to investors for more money to support your growth. Lastly, make sure you have a good system of record that protects and documents all stages of your product or solution (from concept, testing, to development). This will make it easier when you are ready to engage a patent attorney to start the submission process and demonstrate / review patent eligibility.