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I've made an invention, but can't tell you what it is...yet.
Yesterday, 06:34 AM #31
Ninelives Member
Posts:2,386 Threads:35 Joined:Feb 2016
(Yesterday, 05:52 AM)Below Average Genius Wrote:  Woo! Woo!

A man living in Australia who has been a great supporter of mine in the past wants to wire the money to my bank early next week. It's enough money to get the patent and to order a small amount of parts, maybe enough for a thousand units.

With the patent pending, then I can show everyone what it is which will make it easier to get the rest of the needed funding.

beercheer.gif

Take your invention, write it all down on a legal pad, take it put it in a envelope, and mail it to yourself. Do not open the letter when you revive it, leave it closed. So if someone wants to steal your invention, you have the proof that this was your idea. It will hold up in a court of law. Remember do not open your letter. Put it in your safe place, so if you ever need it, you can fall back on it.

cheers.gif

Look Up
Yesterday, 06:55 AM #32
dclements Member
Posts:225 Threads:22 Joined:Jan 2017
(Yesterday, 06:34 AM)Ninelives Wrote:  
(Yesterday, 05:52 AM)Below Average Genius Wrote:  Woo! Woo!

A man living in Australia who has been a great supporter of mine in the past wants to wire the money to my bank early next week. It's enough money to get the patent and to order a small amount of parts, maybe enough for a thousand units.

With the patent pending, then I can show everyone what it is which will make it easier to get the rest of the needed funding.

beercheer.gif

Take your invention, write it all down on a legal pad, take it put it in a envelope, and mail it to yourself. Do not open the letter when you revive it, leave it closed. So if someone wants to steal your invention, you have the proof that this was your idea. It will hold up in a court of law. Remember do not open your letter. Put it in your safe place, so if you ever need it, you can fall back on it.

cheers.gif

I think you can email yourself the information about an invention and the time stamps on the email prove the actual dates. Supposedly if you have an inventor's journal, the dates you put down are acceptable, but I have no idea how you prove they are authentic other than the possibility of forging several fake dates in a detailed journal is hard to do.

To be honest I have often had ideas for inventions myself (at least a half dozen or so) but I realize without any previous successes or contacts I would have to basically do the equivalent of moving heaven and earth before anyone would lend serious support behind any of the ideas. Also I hear that the odds are about 10 to one as to whether any single idea would work and/or usually the most mundane and cheapest ideas have a better shot than anything elaborate.
Yesterday, 06:58 AM #33
dclements Member
Posts:225 Threads:22 Joined:Jan 2017
BTW, if I happen to submit an idea for an invention and I need people to support or up vote it in order for it to get to the next level, can I count on anyone here to support me by possibly creating an account on such a site and vote for it if they think it is a good idea? Just asking.. beercheer.gif
Yesterday, 07:57 AM #34
Ninelives Member
Posts:2,386 Threads:35 Joined:Feb 2016
(Yesterday, 06:58 AM)dclements Wrote:  BTW, if I happen to submit an idea for an invention and I need people to support or up vote it in order for it to get to the next level, can I count on anyone here to support me by possibly creating an account on such a site and vote for it if they think it is a good idea?  Just asking..  beercheer.gif

Sure I'm game, just PM with your site, in case I don't get back to this thread.

cheers.gif

Look Up
Yesterday, 04:41 PM #35
Below Average Genius Member
Posts:1,786 Threads:137 Joined:Apr 2013
(Yesterday, 06:58 AM)dclements Wrote:  BTW, if I happen to submit an idea for an invention and I need people to support or up vote it in order for it to get to the next level, can I count on anyone here to support me by possibly creating an account on such a site and vote for it if they think it is a good idea?  Just asking..  beercheer.gif

If you haven't applied for a patent, you might not want to be telling or showing ANYONE what it is unless you know who they are AND they have signed a nondisclosure agreement (NDA.) A website like that would be a prime draw for folks who love to steal inventions. There are people who would sign an NDA and then blab anyway. Even if they give a hint or tell someone what it isn't, that person might be able to figure it out by process of elimination.

If you've already put it online, remove it immediately, like before you finish reading these suggestions.

Putting your invention on the internet would be the fastest way to get your invention stolen. The way the law is now, whoever applies first has the rights. Period.

I wasn't going to say anything about the suggestion to mail you invention or the schematics to yourself, but that tactic provides no protection whatsoever. That's because the law has changed. It doesn't matter if you invented it ten years before the other guy. Whoever applies first, gets the patent.

So the way to proceed is to gain the interest of potential investors by saying you've got something you think they would be interested in and they could make a lot of money on their investment. Pose it as a question. Maybe something like this: "Would you be interested in an invention that has a lot of commercial potential?" That way you get a small commitment. It can feel defeating to put it out as a statement and then not get a yes. The inclination is to push harder, but the other person hasn't given permission, so they can feel defensive about their money which their first inclination is to protect it. They might not be in the mood to discuss whatever you have, or maybe their money is tied up in losing ventures and they don't want you to know that. It could be anything. You want to get that micro commitment. If you get a yes, ask them if you could show it to them and bring the NDA with you. BTW, anyone who is serious about possibly investing should have no problem signing a nondisclosure agreement. Examples of them are online. Find the one that best works for you.

One more thing. Those who are called "Angel" investors are willing to provide smaller amounts of investment. These could be relatives or long time friends, for example. There are also professional angels. Otherwise, investors just aren't interested unless there is at least $500,000 or more likely a million dollars needed. That's because the 'headaches' from a small investment are about the same as a large one. Besides, most inventions need a good amount of money to get going. For bigger projects the million dollar investment could be an angel investment with the understanding that an additional $5 or $10 million is needed from additional sources. Sometimes the professional angel is willing to risk the smaller initial investment until he sees how the venture is going. If business hits its 'marks,' he is ready to plop down more dough.

Hope this helps. Did I mention not to put your unprotected inventions online?  chuckle.gif

Pray for me. hug.gif
Today, 01:31 AM #36
Gumby AKA Chtumby
Posts:1,594 Threads:206 Joined:Mar 2013
You need a Witness. Send it to me chuckle.gif


Don’t waste your time online, invest it with steemit.com



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