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by mrbach » Thu Jan 17, 2008 11:34 pm
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mrbach - White Belt
- Posts: 2
- Joined: Thu Jan 17, 2008 11:14 pm
Interesting, but most people who invent have no idea how to license.
When I first invented my technology, I had to prove it, so that meant building it. Then I had to see if it worked in the real world.
Long story short, I ended up building it.
You cant sell your invention to companies that make the "inferior" product you have just improved, because they make a good living selling what they sell.
As an inventor, you aren't much of a threat and they know this. So licensing is something I work with now that I am recognized in my field, but it just wasn't an option when I started.
As for finding cash, it really isn't hard. Find a financial consultant online that deals in angel and venture capital. Pitch to them first under non-disclosure.
Then, if they like it and it appeals to their pool of contacts, they will get the money for you.
I'm doing a deal right now and the money and the business plan and the financials will cost me 7 percent of the cash raised, plus an option to buy up to 8 percent of the shares in the first 12 months.
It took a few weeks to find the right guy and within a month I had two serious investment groups.
Of course, I had just finished 5 years of installed trials on a small scale version and had the backing of a top class exec in the business to champion my work.
Remember, no one wants to be first. I gave away lots of free stuff for years. Free trials, low cost samples, whatever.
Also, never pitch an idea on paper. Take one with you. One that works. It doesn't matter what it costs to make, you have to fund it. No one will invest in your idea if you wont.
I built my first prototype with money raised from a friend.
When I first invented my technology, I had to prove it, so that meant building it. Then I had to see if it worked in the real world.
Long story short, I ended up building it.
You cant sell your invention to companies that make the "inferior" product you have just improved, because they make a good living selling what they sell.
As an inventor, you aren't much of a threat and they know this. So licensing is something I work with now that I am recognized in my field, but it just wasn't an option when I started.
As for finding cash, it really isn't hard. Find a financial consultant online that deals in angel and venture capital. Pitch to them first under non-disclosure.
Then, if they like it and it appeals to their pool of contacts, they will get the money for you.
I'm doing a deal right now and the money and the business plan and the financials will cost me 7 percent of the cash raised, plus an option to buy up to 8 percent of the shares in the first 12 months.
It took a few weeks to find the right guy and within a month I had two serious investment groups.
Of course, I had just finished 5 years of installed trials on a small scale version and had the backing of a top class exec in the business to champion my work.
Remember, no one wants to be first. I gave away lots of free stuff for years. Free trials, low cost samples, whatever.
Also, never pitch an idea on paper. Take one with you. One that works. It doesn't matter what it costs to make, you have to fund it. No one will invest in your idea if you wont.
I built my first prototype with money raised from a friend.
by tony.fulford » Fri Jan 18, 2008 5:09 am
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tony.fulford - Green Belt
- Posts: 160
- Joined: Tue Nov 13, 2007 12:04 pm
mrbach
You are very intuitive indeed and centered things right where many of the people here are struggling with their invention activity.
I will be doing two future topics on:
Your futher insight and experience will be welcomed by all here.
Thank You,
You are very intuitive indeed and centered things right where many of the people here are struggling with their invention activity.
I will be doing two future topics on:
- Prototyping Your Invention
- How To Finance Your Invention
Your futher insight and experience will be welcomed by all here.
Thank You,
--Tony
Visit my Website: http://InventionsOnDemand.net
Visit my Forum at: http://inventorspotforum.com/viewforum.php?f=44
Visit my Website: http://InventionsOnDemand.net
Visit my Forum at: http://inventorspotforum.com/viewforum.php?f=44
Angel Investor
by coolmax » Fri Jan 18, 2008 5:28 am
- coolmax
- Yellow Belt
- Posts: 77
- Joined: Tue Oct 24, 2006 8:04 pm
The number one topic on this website & must viewed topic is Angel Investors.
I am the one Inventor on this website that could fund every Inventor on this website within one (1) year after my Invention/product hits the market.
I am also the one Inventor with the product that this website needs to get International attention.
Look at my post in Inventor Classified - Angel Investor.
Get me in front of an Angel Investor with surious capital, I'll close the deal.
Help me help you & everyone else on this website, there is a percentage (%) in it for you.
That goes for anybody that puts a deal together.
I can gauarntee it in writing.
I am the one Inventor on this website that could fund every Inventor on this website within one (1) year after my Invention/product hits the market.
I am also the one Inventor with the product that this website needs to get International attention.
Look at my post in Inventor Classified - Angel Investor.
Get me in front of an Angel Investor with surious capital, I'll close the deal.
Help me help you & everyone else on this website, there is a percentage (%) in it for you.
That goes for anybody that puts a deal together.
I can gauarntee it in writing.
Re: Angel Investor
by makeworldbetter » Fri Jan 18, 2008 10:12 am
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makeworldbetter - Black Belt
- Posts: 1496
- Joined: Mon Jun 25, 2007 9:15 am
- Location: Silicon Valley
coolmax wrote:I am the one Inventor on this website that could fund every Inventor on this website within one (1) year after my Invention/product hits the market.
I am also the one Inventor with the product that this website needs to get International attention.
Look at my post in Inventor Classified - Angel Investor.
coolmax
I still don't know what exactly is your product. There are several angel investment groups openly take application (online or mail in).
Have you search for them? send your application?
If you have so much confidence in your invention, why don't you take a loan? Have you talk to a banker?
Capital
by coolmax » Fri Jan 18, 2008 6:05 pm
- coolmax
- Yellow Belt
- Posts: 77
- Joined: Tue Oct 24, 2006 8:04 pm
If I could get a loan or a Federal Grant, don't you think I would have done that.
The last Angel Investor I talked to for 65 Million dollars wanted me to buy 30 million dollars worth or Real Estate all over the world for Manufacturing & Retail spaces.
I didn't have a problem with that, but I was not going to put out 100 Thousand dollars of my own money for appraisals.
I asked for up front money for that purpose only, the Real Estate market is unstable now so they did not want to do that.
I wanted the Investor to be committed to the project with there funds & not spend my funds.
You my think I am BOLD, but I know what my Invention is capable of & how much revenue it will generate Internationally.
I also know that you will not find another Inventor on this website that can do what I can do, bring International media attention to this website & create revenue for this website.
You may not not like what I say, but it is the truth.
The last Angel Investor I talked to for 65 Million dollars wanted me to buy 30 million dollars worth or Real Estate all over the world for Manufacturing & Retail spaces.
I didn't have a problem with that, but I was not going to put out 100 Thousand dollars of my own money for appraisals.
I asked for up front money for that purpose only, the Real Estate market is unstable now so they did not want to do that.
I wanted the Investor to be committed to the project with there funds & not spend my funds.
You my think I am BOLD, but I know what my Invention is capable of & how much revenue it will generate Internationally.
I also know that you will not find another Inventor on this website that can do what I can do, bring International media attention to this website & create revenue for this website.
You may not not like what I say, but it is the truth.
by tony.fulford » Mon Jan 21, 2008 2:19 pm
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tony.fulford - Green Belt
- Posts: 160
- Joined: Tue Nov 13, 2007 12:04 pm
coolmax
In your interest, I would suggest you settle down and begin portraying yourself as a business person rather than a loose cannon.
Write a good Business Plan and approach angels and venture capitalist with your business person attitude.
In your interest, I would suggest you settle down and begin portraying yourself as a business person rather than a loose cannon.
Write a good Business Plan and approach angels and venture capitalist with your business person attitude.
--Tony
Visit my Website: http://InventionsOnDemand.net
Visit my Forum at: http://inventorspotforum.com/viewforum.php?f=44
Visit my Website: http://InventionsOnDemand.net
Visit my Forum at: http://inventorspotforum.com/viewforum.php?f=44
Re: Capital
by makeworldbetter » Mon Jan 21, 2008 2:44 pm
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makeworldbetter - Black Belt
- Posts: 1496
- Joined: Mon Jun 25, 2007 9:15 am
- Location: Silicon Valley
coolmax wrote:The last Angel Investor I talked to for 65 Million dollars wanted me to buy 30 million dollars worth or Real Estate all over the world for Manufacturing & Retail spaces.
coolmax: be cool.
That doesn't sound right, why do you have to build your own manufactures and own your own retails?
coolmax wrote: I didn't have a problem with that, but I was not going to put out 100 Thousand dollars of my own money for appraisals.
Maybe that's why they want you to do it. Be aware.
I am very curious about what you have here. Have you filed a patent already? If you do, we can talk privately. I will sign NDA. PM me.
by coolmax » Fri Jan 25, 2008 6:56 am
- coolmax
- Yellow Belt
- Posts: 77
- Joined: Tue Oct 24, 2006 8:04 pm
Thank you Tony for your input & for the lead about Bank of America.
Tony you may not like the fact that I am a loose cannon or have confidence in my Invention, you don't know what I have Invented.
This should help you & MWB understand a little better.
Yes - I do have a patent & I have done everything possible to protect my Invention & myself.
The Investor I was in negotiations with for 65 Million dollars was a foreign Investor that wanted to own USA real estate & a USA citizen to own foreign real estate.
The Investor liked that I wanted to buy Mini-Malls Internationally.
Better locations, access, parking & the ability to expand plus having away to generate some revenue so that I did not have to make all of the payments out of my pocket & just in case the project fails they can recover feeling confident that it will be a win win Investment.
Depending on the Mall there maybe a big box store that could help with advertising & marketing to help bring shoppers to that location that could also help each other.
I hear a question? - Yes I can manufacture in a Mini-Mall location.
Because my Invention is International & I can go anywhere Internationally to manufacture & sell my Invention.
Manufacuring cost is about the same no matter where I manufacture it.
Shipping Internationally cuts into the profits & retail can be done from anywhere.
Most Inventions are not Million dollar Inventions, this is a Multi-Million dollar Invention.
My BOLD Confidence Arrogance opens up doors & makes Investors take notice.
Investors expect a lot out of Inventors & there Inventions wanting the Inventor to jump through hoops to prove that there Inventions are worth Investing in.
Most Investor are not Interested in the average Inventor & there Inventions.
Investors take notice because I am not your average Inventor.
I am out of most Investors & Inventors league because of my BOLD Confidence Arrogance & they know that within minutes.
I make the Investors step up to the plate before I give out very much Information.
Most Investors first question is - Who are you & where did you come from?
Talking to Investors is cheap & anybody can play the numbers game.
When you tell the Investor to SHOW ME THE MONEY & than sign on the line.
Put your money where your mouth is so I can get to work making money for the both of us.
Investor take notice of my BOLD Confidence Arrogance.
Tony - Thanks for taking notice & I hope your not to upset that I am so BOLD.
Just to let you know I am in negotiations with another Investor right now for 30 Million dollars & a few others.
I turned down a dozen Investors last week because they did not have the means to Invest the amount of capital I require or they did not understand the scope of my Invention.
It's what I call Information Over Load including the SBA & a business plan makes it even worse.
I am in no hurry to put a deal together unless it is the right deal.
Tony you may not like the fact that I am a loose cannon or have confidence in my Invention, you don't know what I have Invented.
This should help you & MWB understand a little better.
Yes - I do have a patent & I have done everything possible to protect my Invention & myself.
The Investor I was in negotiations with for 65 Million dollars was a foreign Investor that wanted to own USA real estate & a USA citizen to own foreign real estate.
The Investor liked that I wanted to buy Mini-Malls Internationally.
Better locations, access, parking & the ability to expand plus having away to generate some revenue so that I did not have to make all of the payments out of my pocket & just in case the project fails they can recover feeling confident that it will be a win win Investment.
Depending on the Mall there maybe a big box store that could help with advertising & marketing to help bring shoppers to that location that could also help each other.
I hear a question? - Yes I can manufacture in a Mini-Mall location.
Because my Invention is International & I can go anywhere Internationally to manufacture & sell my Invention.
Manufacuring cost is about the same no matter where I manufacture it.
Shipping Internationally cuts into the profits & retail can be done from anywhere.
Most Inventions are not Million dollar Inventions, this is a Multi-Million dollar Invention.
My BOLD Confidence Arrogance opens up doors & makes Investors take notice.
Investors expect a lot out of Inventors & there Inventions wanting the Inventor to jump through hoops to prove that there Inventions are worth Investing in.
Most Investor are not Interested in the average Inventor & there Inventions.
Investors take notice because I am not your average Inventor.
I am out of most Investors & Inventors league because of my BOLD Confidence Arrogance & they know that within minutes.
I make the Investors step up to the plate before I give out very much Information.
Most Investors first question is - Who are you & where did you come from?
Talking to Investors is cheap & anybody can play the numbers game.
When you tell the Investor to SHOW ME THE MONEY & than sign on the line.
Put your money where your mouth is so I can get to work making money for the both of us.
Investor take notice of my BOLD Confidence Arrogance.
Tony - Thanks for taking notice & I hope your not to upset that I am so BOLD.
Just to let you know I am in negotiations with another Investor right now for 30 Million dollars & a few others.
I turned down a dozen Investors last week because they did not have the means to Invest the amount of capital I require or they did not understand the scope of my Invention.
It's what I call Information Over Load including the SBA & a business plan makes it even worse.
I am in no hurry to put a deal together unless it is the right deal.
by tony.fulford » Fri Jan 25, 2008 7:43 am
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tony.fulford - Green Belt
- Posts: 160
- Joined: Tue Nov 13, 2007 12:04 pm
coolmax
I think it is great that you have to confidence you have in your invention. That confidence will take you a long way in pursuing your goals.
As for your boldness, I think you are a bit too bold. Financiers are business people and they want to deal with other business people.
Follow along and participate in my latest topic:
Let us know how it is going with your investors so the rest of us can learn from your experiences. Some boldness allowed, but make it business boldness!
Thanks!
I think it is great that you have to confidence you have in your invention. That confidence will take you a long way in pursuing your goals.
As for your boldness, I think you are a bit too bold. Financiers are business people and they want to deal with other business people.
Follow along and participate in my latest topic:
Let us know how it is going with your investors so the rest of us can learn from your experiences. Some boldness allowed, but make it business boldness!
Thanks!
--Tony
Visit my Website: http://InventionsOnDemand.net
Visit my Forum at: http://inventorspotforum.com/viewforum.php?f=44
Visit my Website: http://InventionsOnDemand.net
Visit my Forum at: http://inventorspotforum.com/viewforum.php?f=44
by Michelle » Fri Jan 25, 2008 8:24 am
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Michelle - Black Belt
- Posts: 1529
- Joined: Wed Oct 11, 2006 7:27 am
mrbach wrote:As for finding cash, it really isn't hard. Find a financial consultant online that deals in angel and venture capital. Pitch to them first under non-disclosure.
Then, if they like it and it appeals to their pool of contacts, they will get the money for you.
I'm doing a deal right now and the money and the business plan and the financials will cost me 7 percent of the cash raised, plus an option to buy up to 8 percent of the shares in the first 12 months.
It took a few weeks to find the right guy and within a month I had two serious investment groups.
MrBach:
Welcome to the site. Your experience would be a wonderful addition to the dialogue here.
I was curious you mentioned the above information. Any tips or suggestions on finding these consultants and any you can recommend so we can add them to our inventor service resources?
Michelle
23 posts
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