Potential Billion Dollar Invention, advice appreciated.

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Hey Warriors,
This thread isnt me trying to brag or make some ridiculous comment about my million dollar idea, but for real - for real, I thought of an idea about 3 hours ago that I could easily see being turned into a multi-million (and definitely scaled up to billion) dollar idea. I am obviously not going to reveal all the details but the idea is related to magnet powered transportation. It could revolutionize transportation in the world.

Its a rather simple idea, but has definitely not been thought of by anyone. Very original and out of the box style idea.

A brief background of myself:
Ive been internet marketing for about 4 years, the past year or so not so much. Back a few years ago I made a lot of money off of google adwords and other types of marketing that isnt working much at all anymore. My income from internet marketing has mostly come to an abrupt stop over the past year and I have stopped investing my time in it (which explains my activity on this forum). But the first place i wanted to come to for advice was this website because of all the amazing people and help i have recieved in the past. I work at a Hilton hotel as a front desk, so my funds are limited (yes the 9-5 job that i promised myself i wouldn't ever have to work with my new found success in IM a few years back). I'm 20 year old college kid, not a genius by any means but I am pretty creative which i guess lead me to this idea. I have the exact design drawn out and typed up in word and I am 100% confident this new invention will work very well. I have about $15,000 left from my IM voyage over the years to invest in this idea.

So my question to my fellow warriors is basically what would you do if you were me?

I am timid to share this idea with anyone simply because if I explained it to someone it would be stolen in a heartbeat(so dont even ask). I want to patent it, and I know I am going to need investors along the process to pursue this invention. The cool thing about this idea is I know it can be scaled anywhere from a small bike to a normal everyday car.

With an idea like this, I don't know who I can trust other than family. But hopefully someone on this forum is familiar with patents of this scale and hopefully investor advice(or any at that)? Feedback is welcomed, even if you think im crazy. Once again thanks in advance warriors.
  • Profile picture of the author riya@seogirl
    Go to a place where business houses listen to, promote if they like and at times adopt venture ideas. Basically there are meet ups that are held all over the globe by different firms that promote new Entrepreneurs. Search for "start up meets" or something like that in your area. Also prepare a well laid out presentation before you head to the meet...in such meets, people don't entertain thoughts, they only listen to plans.
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  • Profile picture of the author seasoned
    Well, they ALREADY have maglev trains that can go MIGHT fast! So I guess THAT is out. BESIDES, an idea like that would have to be a tweak or something, as they won't pay so much for an overhaul. Such a thing with cars and planes would be impractical. It has even been tried with saucers.

    If what you have somehow makes the impractical practical, etc..., or uses it another way, I would LOVE to see it. Frankly, such an idea would likely NOT be easy to just STEAL! Heck, look at the atom bomb! EVERYONE knew what needed to happen. The US made TWO successful prototypes that did the SAME thing two different ways. At least 3 countries worked FEVERISHLY on it, and the US succeeded before the others were close.

    People have known about the potentials and ways to make maglev for a LONG time! Probably LONG before I was born! Yet the first commercial use was apparently in 1984!!!!!!!

    As for me? I thought about it before I was like 5, because I had a little toy using it, for normal vehicles, but it was impractical. Maglev is practical because it has a wrap around track and/or "clamp", follows a set route, and has a fixed powersource.

    Heck, I don't even know if they make those toys anymore. There were a few in the 60s. I EVEN came up with a perpetual motion idea. I mention it ONLY because I was young, and know some engineers that even own engineering companies hat told me they came up with the SAME idea. I didn't understand all the types of loss. MAYBE I should have patented it though because they use similar ideas to recover some power in electric cars. Of course, it SHOULD have been shot down because normal cars have used the same idea to charge the batteries since before I was even born. 8-(

    If you DO want to discuss it, or patent it, I WOULD suggest that you check to see if it has already been done.

    Steve
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  • Profile picture of the author jimbo13
    I was thinking Maglev when I read your post as did Seasoned. The costs involved are phenomenal so that's why it has not taken off.

    I believe China are going to build one from Beijing to Shanghai as an expression of Economic Power in the same way US built Skyscrapers in NY early last Century.

    You should not be frightened of telling others although not on an open forum.

    Find the right people, who will be seriously wealthy individuals, and e-mail them and if they are interested you e-mail your idea as that acts as a legal date stamp.

    I hope you have heard of Maglev and that is not what your idea is.

    There used to be a comedy programme back in the 1980's in the UK and they had this one section whereby the news reporter would go off to the private island of the reclusive inventor and interview him whilst having the prop that the inventor thought that he had invented and then there would be silence.

    eg Inventor would talk about an object that can keep drinks hot or cold and half way through the interview the camera man would say 'Fancy a cuppa?' to the reporter and get a Thermos out.

    Dan
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  • Profile picture of the author Kay King
    If you just thought of this idea 3 hours ago - how much research have you done to see if the idea is original or workable. Ideas are easy - implementation isn't. Do you have the technical ability to create a schematic or prototype that can be patented?

    Great ideas are abandoned every day because the person who thinks them up has no idea what to do next. Some expert info on protecting ideas at

    http://ipwatchdog.com/2010/11/23/pro...idea/id=13495/

    Does your invention have practical applications? Is it economically feasible? Has it been tried before? Do you know enough to go further than "an idea"? Do you know people with the technical knowledge to evaluate your idea for practicality and workability?

    You aren't ready for an investor yet. An idea won't make you rich - a workable product might.
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  • Profile picture of the author hustlenflow
    This has nothing to do with maglev, infact you wouldnt have to change the road systems at all with this idea. It is in relation to attraction, and im 100% percent sure it hasnt been done.

    It is extremely practical, definitely economically feasable (infact I could see it taking over the auto industry in 5-10 years from the time the first one is developed. It hasnt been tried, i know this for a fact. I think I might need to get in touch with an engineer soon.
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    • Profile picture of the author seasoned
      Originally Posted by hustlenflow View Post

      This has nothing to do with maglev, infact you wouldnt have to change the road systems at all with this idea. It is in relation to attraction, and im 100% percent sure it hasnt been done.

      It is extremely practical, definitely economically feasable (infact I could see it taking over the auto industry in 5-10 years from the time the first one is developed. It hasnt been tried, i know this for a fact. I think I might need to get in touch with an engineer soon.
      Well, just to let you know.....

      Magnetic drive has been tried on almost everything(from cars to flying saucers), and deemed infeasible everywhere but maglev TRAINS. Tracking, including magnetic, has actually been implemented in some places on roads. Event controlled signaling has been implemented in areas. Various avoidance systems have been implemented and, although radar DOES use EMR, magnetism elsewhere wouldn't improve things, not that there is anything to improve. Magnetic couplings have been used. Of course, fixed ones can be hard to work with and electric ones require power. There ARE also solenoid controlled ones, where the power simply controls a mechanical latch. As for other feasible things in a car, especially ones that can be implemented on such a wide scale in 5 years, I am at a loss. And based on Attraction?

      Keep in mind that if the size of the car varies much from front to back over a compact, or exceeds maybe 7 feet in total height, its market will be restricted. It can't require external power, or a track, or ANY external modifications. Such changes could EASILY take over 2 decades to implement. ALSO, the weight of the vehicle can't exceed maybe 2 tons, or things will be restricted.

      One more thing, the power of those magnets, and their position, is ALSO a concern! If they are too strong, or incorrectly positioned, FORGET IT! Too much of society is dependent on the lack of high level interference. Credit cards, magnetic tape, power, compasses, computers, etc.... And it can't run at a set frequency, over a certain power level, or the FCC would get involved. They license ALL such use in the US. HECK, even remote controlled TOYS are subject to FCC approval!

      Steve
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    • Profile picture of the author Bill Farnham
      Originally Posted by hustlenflow View Post

      This has nothing to do with maglev, infact you wouldnt have to change the road systems at all with this idea. It is in relation to attraction, and im 100% percent sure it hasnt been done.
      With all due respect, and as a successful inventor myself, I have to tell you that in over 20 years as a hired gun inventor for corporate clients 99.99% of the time people believe that they are 100% percent sure it hasnt been done it is due to lack of research on their part.

      Additionally, trying to implement technological improvements to any given area will run the risk of needing to get others with the rights to certain Patents granted for supporting technologies onboard.

      I can't stress this enough...this is far and away one of the largest hurdles any company who tries to do this faces. I have worked on projects that heve passed the $10 million dollar mark in research only to have the project shut down due to one or more or the players who hold rights to a needed technology for the project balk at a reasonable licensing agreement.

      And just becuase you don't see it being used does not mean it hasn't been bought up and shelved by a competing technology. One of the things that laymen inventors have very little clue about is all the technology that exsists but is sequestered from the public's knowledge. It's staggering.

      If you think your idea has potential, you will need to be the one that either pays to have the "missing ingredient" developed, or develop it yourself.

      Here's the bottom line...ideas are a dime a dozen. What separates an idea from a technology is the real world application that has been tested and proved. And that generally takes a lot of money.

      And here is just some general advice from one inventor to another...don't under any circumstance allow yourself to swayed by notions of using one of those "We help inventors" outfits. They won't, they can't, and you'll never be able to get your ideas back once you put them in the hands of those folks. They exsist to drain your bank account. Period.
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      • Profile picture of the author waterotter
        Originally Posted by Bill Farnham View Post

        With all due respect, and as a successful inventor myself, I have to tell you that in over 20 years as a hired gun inventor for corporate clients 99.99% of the time people believe that they are 100% percent sure it hasnt been done it is due to lack of research on their part.

        Additionally, trying to implement technological improvements to any given area will run the risk of needing to get others with the rights to certain Patents granted for supporting technologies onboard.

        I can't stress this enough...this is far and away one of the largest hurdles any company who tries to do this faces. I have worked on projects that heve passed the $10 million dollar mark in research only to have the project shut down due to one or more or the players who hold rights to a needed technology for the project balk at a reasonable licensing agreement.

        And just becuase you don't see it being used does not mean it hasn't been bought up and shelved by a competing technology. One of the things that laymen inventors have very little clue about is all the technology that exsists but is sequestered from the public's knowledge. It's staggering.

        If you think your idea has potential, you will need to be the one that either pays to have the "missing ingredient" developed, or develop it yourself.

        Here's the bottom line...ideas are a dime a dozen. What separates an idea from a technology is the real world application that has been tested and proved. And that generally takes a lot of money.

        And here is just some general advice from one inventor to another...don't under any circumstance allow yourself to swayed by notions of using one of those "We help inventors" outfits. They won't, they can't, and you'll never be able to get your ideas back once you put them in the hands of those folks. They exsist to drain your bank account. Period.

        Sure seems this excellent advice is falling on deaf ears. :rolleyes:
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        • Profile picture of the author hustlenflow
          Originally Posted by waterotter View Post

          Sure seems this excellent advice is falling on deaf ears. :rolleyes:
          it most certainly isnt. I read it and took it into account. I have spent countless hours looking up different magnet ideas, this is origional and i know there isnt a soul on the planet that has thought of it. thank you for the advice, I will keep people posted on my findings over the next several days. Any other advice is welcomed, and appreciated a ton. thanks for all the posts already.
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          • Profile picture of the author Alan Petersen
            You need a Patent attorney not advice in a forum. You have 15K you'll be able to hire an excellent patent attorney to get the ball rolling.

            They'll do the research and leg work to see if it's truly viable and do the necessary paper work to patent it.

            They even have contacts with engineers, etc. to build your prototype. So if you have a billion dollar idea go pay an attorney a few thousands bucks to get started. Good ROI.
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          • Profile picture of the author waterotter
            Originally Posted by hustlenflow View Post

            it most certainly isnt. I read it and took it into account. I have spent countless hours looking up different magnet ideas, this is origional and i know there isnt a soul on the planet that has thought of it. thank you for the advice, I will keep people posted on my findings over the next several days. Any other advice is welcomed, and appreciated a ton. thanks for all the posts already.
            I wish you the best in your indevo'rs, just heed the advice given to you from experienced warriors that have been down this road before...
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          • Profile picture of the author seasoned
            Originally Posted by hustlenflow View Post

            i know there isnt a soul on the planet that has thought of it.
            Now THAT is utter BULL! You can't even be sure they didn't patent it, but to say nobody has even THOUGHT of it!?!?!?

            Steve
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  • Profile picture of the author seasoned
    BTW for the record, I had some GREAT ideas that seemed worthwhile, etc... Some it turns out were encumbered, some violated some laws, no matter how crazy, and some just weren't accepted earlier, or had some aspect I missed.

    Sometimes I was like that "business man" in the twilight zone that took a deal from the devil, and went back in time to buy property worth a FORTUNE for a rather paltry sum. Once he gloated, the seller gloated back, and reminded him of ONE fact! He had the PROPERTY, but NOT the one piece that made it valuable. THAT was in the FUTURE! He ended up selling the land at a LOSS to the first person he saw. When he went back to the future, THAT person, formerly his janitor, was his BOSS!

    Anyway, that "business man" couldn't get financing or help to build the missing piece, even though it TOO would have made ALL involved VERY rich!

    Good luck,

    Steve
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  • Profile picture of the author hustlenflow
    The concept of this idea could easily be scaled down to a model car, which i could buy parts from ace hardware, which i plan to do. The concept is rather simple, but once again it is so out of the box that no one has done it. If someone did do it, trust me it would be seen everywhere. I could apply this idea and make a magnet powered skateboard if i wanted to. Which seems a lot more plausible (financially) than making an on road automobile lol. But once this idea is out there it would be easy to implement to anything with wheels (motocycles, go-carts, skateboards, bikes, three wheelers, cars, ect.)
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    • Profile picture of the author Bill Farnham
      Originally Posted by hustlenflow View Post

      The concept of this idea could easily be scaled down to a model car, which i could buy parts from ace hardware, which i plan to do. The concept is rather simple, but once again it is so out of the box that no one has done it. If someone did do it, trust me it would be seen everywhere. I could apply this idea and make a magnet powered skateboard if i wanted to. Which seems a lot more plausible (financially) than making an on road automobile lol. But once this idea is out there it would be easy to implement to anything with wheels (motocycles, go-carts, skateboards, bikes, three wheelers, cars, ect.)
      Sounds to me like you'll have your weekend full of things to get done...
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    • Profile picture of the author seasoned
      Originally Posted by hustlenflow View Post

      The concept of this idea could easily be scaled down to a model car, which i could buy parts from ace hardware, which i plan to do. The concept is rather simple, but once again it is so out of the box that no one has done it. If someone did do it, trust me it would be seen everywhere. I could apply this idea and make a magnet powered skateboard if i wanted to. Which seems a lot more plausible (financially) than making an on road automobile lol. But once this idea is out there it would be easy to implement to anything with wheels (motocycles, go-carts, skateboards, bikes, three wheelers, cars, ect.)
      It's starting to sound like that little toy I had over 40 years ago. It was TINY, and cheap. The problem was scaling it up.
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  • Profile picture of the author mbarty2010
    Approach a venture capitalist firm like Sequio Cap, Khosla Ventures etc. for funding. But no one will sign a NDA.
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  • Profile picture of the author hustlenflow
    I have done research on magnets also, and there are some very powerful magnets out there. I couldn't even ball park it, but im sure with a light enough body and the right magnets it could make a car go faster than a lot of combustible engines can. The idea came at a perfect time, summer, no class haha. Im gonna stop by home depot and get some things, do a few experiments.
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  • Profile picture of the author garyv
    Are you sure that no one has thought of it?


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    • Profile picture of the author seasoned
      Originally Posted by garyv View Post

      Are you sure that no one has thought of it?


      That's CLOSE to the little toy I had!
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  • Profile picture of the author I.M.Retired
    You didn't give many details on your invention, but here is some information about a Canadian inventor who has come up with what seems to be revolutionary concept. You might want to research his trials and tribulations in getting his ideas accepted and the ongoing problems with developing and commercializing the concept.

    Perepiteia - Wikipedia, the free encyclopedia


    The apparent unique quality of the Perepiteia machine is that instead of maintaining a certain state of motion, it appears to generate acceleration. According to Heins, the Perepiteia produces magnetic friction which somehow gets turned into a magnetic boost. Using an electric motor, the drive shaft is attached to a steel rotor with small round magnets lining its outer edges. In this set-up of a simple generator, the rotor spins so that the magnets pass by a wire coil just in front of them, generating electrical energy.
    Not sure if this will help you in your quest, but perhaps some of Thane Hein's experience will help point you in the right direction.

    Here is a possible application for his invention, though I don't know if Heins is in any way affiliated with this site:

    Core Technologies for Electric Vehicles - Potential Difference, Inc.
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    • Profile picture of the author seasoned
      Originally Posted by Val.S. View Post

      You didn't give many details on your invention, but here is some information about a Canadian inventor who has come up with what seems to be revolutionary concept. You might want to research his trials and tribulations in getting his ideas accepted and the ongoing problems with developing and commercializing the concept.

      Perepiteia - Wikipedia, the free encyclopedia

      YouTube - ‪PEREPITEIA GENERATOR DEMO VIDEO - Parts 1 & 2‬‏



      Not sure if this will help you in your quest, but perhaps some of Thane Hein's experience will help point you in the right direction.

      Here is a possible application for his invention, though I don't know if Heins is in any way affiliated with this site:

      Core Technologies for Electric Vehicles - Potential Difference, Inc.
      THAT sounds like the perpetual motion idea I had just about 40 years ago! I never patented it, but met several others that had the SAME idea! YEP, it works for a time. Getting it to work FOREVER with no external boost, ESPECIALLY driving something else, THAT is the hard part.

      Steve
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  • Profile picture of the author Newbie11
    go to legalzoom.com and set-up a provisional patent. They are only a couple of hundred dollars. That will give you up to one year to find some investors and file a patent which could cost up to $6k in attorney fees. The provisional patent will serve as a record that you were the first to come up with the idea in case it is stolen.
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  • Profile picture of the author Michael Ten
    Maybe publish it freely and get the information and idea out.... but make 1000x less. Think of how good you'll feel though!
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    • Profile picture of the author hustlenflow
      Originally Posted by Michael55555 View Post

      Maybe publish it freely and get the information and idea out.... but make 1000x less. Think of how good you'll feel though!
      lol I dont think so, but it would be a pretty cool thing to do
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  • Profile picture of the author hustlenflow
    if it was thought of, once again it would have been implemented
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    • Profile picture of the author seasoned
      Originally Posted by hustlenflow View Post

      if it was thought of, once again it would have been implemented
      DREAM ON! Some plans take hundreds of years to implement. Look at davinci, babbage, etc.... Even with OIL drilling some OLD ideas were only recently implemented. Some things are not implemented because they WERE patented! The patent has a shelf life and, once up, the idea becomes public domain. If someone doesn't feel they can then make money off of it, they will make an often LESS efficient way to do it.

      ALSO, I can EASILY point you to a patent that was general, old, impractical and, though obvious to ANYONE, somehow managed to holdup somewhat in court. It languished for a while with NO intent to do anything. A company decided to develop the OBVIOUS gadget and, of course, strayed onto the OBVOUS methods, and "violated the patent". The company, in an EXTREME case of bad faith, let the other company grow and grow and grow for a time and THEN made the patent PUBLIC, in a SUIT! The company that implemented a similar idea? RIM, makers of the BLACKBERRY!

      HERE is a site refering to the suit:

      How Patent Suit Became Judge's Nightmare

      Check, you may find MILLIONS more! I found a half million candidates:

      Google

      And HEY, **I** came up with the idea for a palm top computer and a person, wanting to partner with me, EVEN created a company to build it in the early 1980s. I never patented it, saw the partner as dangerous, and never looked for a way to build it. IMAGINE if I HAD patented it! A device that has a simplified entry method(ALREADY made, but based on a keyboard), high efficiency database(ALREADY made), phone/address/appointment databases predefined(ALREADY DONE), and a calendar(ALREADY DONE), all fully searchable(ALREADY DONE). How do you think I got the partner? He was a satisfied CLIENT! He needed such a thing, and I created the database and used it to do this. It was written in 6502 assembly language. The ONE piece missing was a nice palmtop computer. It would have lacked the pen entry the palm had, but would have been better as far as basic functionality.

      That was before wifi, and email was not made public really, so I admittedly had not included it. I knew about email though, and also knew about early radio enthusiasts that had a standard way of transmitting computer data over radio. And remember, computers drew a fair amount of power, were large, and batteries weren't that great. That said, I did get a device that was kind of like a palm around that time. Companies were obviously using Surface Mounted Devices long before most knew what they were.

      My idea was basically to simply have a palm top computer that would have my little appset as a porton of its software. Had it been built, other apps could have added the few features the palm had that I didn't, etc...

      I certainly have had a number of ideas. And SOME have even been implemented by OTHERS that certainly never heard of MY idea. Others have certainly had the SAME experience. Some things are just OBVIOUS. HEY, do you think Fritz lang went in the future to find inspiration? Did he patent the robot? What if he had?

      And I told you about that twilight zone episode. GRANTED, it was fiction, but people probably had the idea THOUSANDS of years ago! It could have been used for SO much. And we KNOW it was at least centuries old. The protagonist knew quite a bit about it, and STILL had trouble getting it built. OH, and he never thought to patent it! IMAGINE how that story could have twisted if he had!

      HECK, the idea of going to the moon in a rocket ship wasn't even really a 20th century idea. A VERY early 20th century, or was it 19th century, film clearly shows a spaceship going to the moon. They had it right! ALL that was needed was a way to ensure stability, guide it, navigate, and provide for anything sent up. Granted, that is a lot but they had the idea of where they wanted to go and how to get there.

      Steve
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      • Profile picture of the author Bill Farnham
        Originally Posted by seasoned View Post

        I certainly have had a number of ideas.
        Steve,

        Too bad you didn't think up this one...

        One-manned flying machine that never caught on for some reason. [VIDEO]
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        • Profile picture of the author seasoned
          Originally Posted by Bill Farnham View Post

          Well, I DID look into a more practical platform with fans and ionic drive! That was NO secret! I did that so long, that many teachers and people that knew me as a kid would recognize me just from THAT. I figured that the technology I was planning to use would have to be SO heavy that an ion drive wasn't feasible. As for the other? I even figured out how much it was likely to cost. By the time I could afford it, I figured why bother. Too much trouble, etc...

          BTW by practical HERE, I mean able to like shop at stores, take friends, etc.... Kind of a van to this gadget's scooter type applications.

          Still, if you have something like I planned, or this object, how do you control descent if you run out of fuel? Considering the average ntelligence of people these days, maybe it is best that they don't sell this.

          You know, people thought about a deal like the segue for quite a while TOO! Someone finally did it. He priced it high, and it had limited applications, so it didn't sell too well. Statistics are SKEWED by the security patrols, and tour groups that bought them. YES, I said TOUR GROUPS! I actually saw a tour group, I believe in washington DC, that put all the people on segues!!!!! BTW the company was sold, and the new owner used a segue to drive off a cliff!!!!

          Jimi Heselden, Owner Of Segway Inc., Dies In Segway Accident

          Steve
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  • Profile picture of the author pianopro
    I'm going to take this idea and make a billion dollars. PEACE
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  • Profile picture of the author Dave Patterson
    I had an idea once.

    I hope I never have to go thru that again...
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  • Profile picture of the author HeySal
    hustlenflow (is that your REAL name? I have no idea who I'm talking to, lol)

    Make drawings (blueprint of device) and a written description of the product and exactly how it works. You will need those - required for patent. I'd get that much done right away so you can get that patent into the Patent office asap if you find your idea is as original as you believe it to be.

    After you get that done - start the patent search. You don't have to have an attorney - there are paralegals who can and will do the research much cheaper than an attorney.

    Now here's the crux with having the search done for you. If you are paying an hourly fee instead of flat fee for the search, you can count on being milked for a lot of additional hours. Try to get a flat fee so you know exactly what you will be paying to get results. If you know how to search, do as much of it as you can by yourself and document any questionable patents for a lawyer to look over later.
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    • Profile picture of the author seasoned
      Originally Posted by HeySal View Post

      hustlenflow (is that your REAL name? I have no idea who I'm talking to, lol)

      Make drawings (blueprint of device) and a written description of the product and exactly how it works. You will need those - required for patent. I'd get that much done right away so you can get that patent into the Patent office asap if you find your idea is as original as you believe it to be.

      After you get that done - start the patent search. You don't have to have an attorney - there are paralegals who can and will do the research much cheaper than an attorney.

      Now here's the crux with having the search done for you. If you are paying an hourly fee instead of flat fee for the search, you can count on being milked for a lot of additional hours. Try to get a flat fee so you know exactly what you will be paying to get results. If you know how to search, do as much of it as you can by yourself and document any questionable patents for a lawyer to look over later.
      The FACT is that you don't need an attorney AT ALL! But an application that doesn't properly attribute, or is too general or has legal problems may be deemed invalid.

      I once attended a seminar and, well...., it grew to a sort of club. Anyway, it dealt primarily with getting exclusive rights and filing incomplete patents. A loophole proved to be very usable, and is, last I heard, CLOSED!

      But looking through patents can be VERY daunting. The term flux may be used to express the idea of magnetic force, for example. Also, a different attractive force or ethod may be used and may be general enough to encompass your patent. Look at that RIM case. IT was fairly broad.

      OH, and I used to understand it as something different, but when you file a patent, prior to its approval, you get an acknowledgement, from the USPTO. After receiving THAT, you can present it with the same rights that you would normally have, and say it is patent PENDING.

      Steve
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  • Profile picture of the author dagaul101
    There are of forums for like minded inventors who want to create and or protect their patents
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  • Profile picture of the author Sunfyre7896
    A problem is that companies and governments don't want to pay for patented ideas. They'd rather just wait until you come out with something and once they find out how it works, modify it and use it for themselves. Or you could end of being like that guy in "Stroke of Genius" about the man that invented the windshield wipers but Ford ripped it off. Good luck though, I hope it works out for you.
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    • Profile picture of the author steaveford
      There are essentially meet ups that are held worldwide by various companies to promote new entrepreneurs. Search for "boot meets" or something similar in your area. Also prepare a well laid out presentation before you head to meet ... In such gatherings, people do not entertain thoughts, they just listen to the plans.
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    • Profile picture of the author dremy154
      Originally Posted by Sunfyre7896 View Post

      A problem is that companies and governments don't want to pay for patented ideas. They'd rather just wait until you come out with something and once they find out how it works, modify it and use it for themselves. Or you could end of being like that guy in "Stroke of Genius" about the man that invented the windshield wipers but Ford ripped it off. Good luck though, I hope it works out for you.

      Yup.

      Let's not forget Nikola Tesla
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  • Profile picture of the author dremy154
    Originally Posted by hustlenflow View Post

    Hey Warriors,
    This thread isnt me trying to brag or make some ridiculous comment about my million dollar idea, but for real - for real, I thought of an idea about 3 hours ago that I could easily see being turned into a multi-million (and definitely scaled up to billion) dollar idea. I am obviously not going to reveal all the details but the idea is related to magnet powered transportation. It could revolutionize transportation in the world.

    Its a rather simple idea, but has definitely not been thought of by anyone. Very original and out of the box style idea.

    A brief background of myself:
    Ive been internet marketing for about 4 years, the past year or so not so much. Back a few years ago I made a lot of money off of google adwords and other types of marketing that isnt working much at all anymore. My income from internet marketing has mostly come to an abrupt stop over the past year and I have stopped investing my time in it (which explains my activity on this forum). But the first place i wanted to come to for advice was this website because of all the amazing people and help i have recieved in the past. I work at a Hilton hotel as a front desk, so my funds are limited (yes the 9-5 job that i promised myself i wouldn't ever have to work with my new found success in IM a few years back). I'm 20 year old college kid, not a genius by any means but I am pretty creative which i guess lead me to this idea. I have the exact design drawn out and typed up in word and I am 100% confident this new invention will work very well. I have about $15,000 left from my IM voyage over the years to invest in this idea.

    So my question to my fellow warriors is basically what would you do if you were me?

    I am timid to share this idea with anyone simply because if I explained it to someone it would be stolen in a heartbeat(so dont even ask). I want to patent it, and I know I am going to need investors along the process to pursue this invention. The cool thing about this idea is I know it can be scaled anywhere from a small bike to a normal everyday car.

    With an idea like this, I don't know who I can trust other than family. But hopefully someone on this forum is familiar with patents of this scale and hopefully investor advice(or any at that)? Feedback is welcomed, even if you think im crazy. Once again thanks in advance warriors.
    I (after relentless searching) found help for new inventions; see the problem was that everyone that I went to wanted like a minimum of $10-$12K up front and that was just to get started.

    So this guy I found only asks for a minimal fee upfront. He does the research, prototype development, market research and more. He wants half of the royalties, which seems pretty fair to me.

    You would have to be very careful to check him out but if all I lost was a couple hundred because it was a scam I could live with that. The potential for profit would be enormous if the idea was sound.

    I could dig the info up if you want. Just pm me if interested. (By the way this "guy" is not me!)
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  • Profile picture of the author hustlenflow
    update: i had a local welder weld me a little frame and made a magnet powered skateboard. it did take a while to get things going. Anyway its not the most powerful magnet but it worked lol. If i get the magnet i want i think things would get a bit out of control
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