Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 12-18-2008, 08:16 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,019
Originally Posted by socca View Post
While we're on the topic of patents, I'll go slightly off-topic and echo the widely held belief that the U.S. patent system is 'broken'. The ever-growing number of patent applications and ever-growing backlog of unreviewed applications and ever-growing delays in patent issuance are making the system far less effective.
real life data:
my 1st patent - 3 years 5 months from application to issue
my 2nd pending patent - 3.5 years so far, very close to issue as of 3 weeks ago.
2 other pending patents - 3.5 years so far, so who knows if or when they will issue?

i do not expect to ever see any money from these. i'll take my 15 minutes (or 30 or 45 or 60) and be happy with that .

"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-19-2008, 07:48 AM   #22
Thinks s/he gets paid by the post
ls99's Avatar
Join Date: May 2008
Posts: 4,454
Originally Posted by Space Mountain View Post
Hi All:

I was approached recently about partnering/investing in a new invention.

My "partner" who I don't know too well claims there is NO other product currently on the market. He tells me he has a patent, as well. Naturally, I will verify this.

I was told today by someone else that "product liability insurance" is VERY important with ANY new invention.

Regardless, I realize the risk with new inventions and would welcome any and all comments, suggestions, advice, etc...

I will provide as much info. if needed from the knowledgable & helpful folks in this forum.

Thanks in advance.

Space Mountain
Wow what a splendid opportunity.

Some questions silly or otherwise to ask. and be sure to understand the answer:
-How come I'm so lucky to be afforded this wonderful opportunity?
-Just what is this great invention that no one has ever thought of?
- How many other lucky folks out there 'been afforded this ground floor opportunity?
- If it is so grea,t why aren't they making and marketing it directly, instead of the laborious patent process, for the gizmo -which anyone can modify, and, costs a fortune to defend?
-Can you understand what it is?

Once you have your answers, apply extreme BS filtering.
If after all of that you are satisfied, by all means borrow huge amounts of money give it to them and get filthy rich.

No, I would not be a slightest bit jealous of your good fortune.

There must be moderation in everything, including moderation.
ls99 is offline   Reply With Quote
Old 12-19-2008, 04:39 PM   #23
Moderator Emeritus
Nords's Avatar
Join Date: Dec 2002
Location: Oahu
Posts: 26,564
Originally Posted by socca View Post
Once he has some of your money, he'll be back asking for more.
The VCs call that "dry powder" or "protecting your equity"...


The book written on, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
New invention brewer12345 Other topics 10 09-21-2007 01:53 PM


All times are GMT -6. The time now is 12:07 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.