Can anybody verify that this is true? I was intending to go to season 2 auditions, but if this correct I am sorry to say I will not be there.
I copied and pasted the below topic from http://www.inventorunderground.com/
"As far as I can see, if you use the percentages in the agreement with ABC, It breaks down like this. ABC getting 5% from the manufacturer (typical agreement) and the inventor receiving a whopping 25% from ABC. It is interesting to see the what if....
WHAT IF EVENFLO MADE $5,000,000 profit each year off of Januzâ€™s Baby Seat Invention. It would take 16 years before Januz fully paid back the royalties on the $1,000,000 prize he won in 2005. MEANWHILE ABC would make $4,000,000."