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Recent content by TedM

  1. TedM

    New effort at licensing!

    EXECUTION 
    Agree with what you wrote, with the one flimsy caveat that companies that steal (or insert any nicer word here) your IP will inevitably have less external innovation coming their way. So, while one should not be promiscuous on sharing- being a paranoid inventor is for sure not prodctive.
  2. TedM

    New effort at licensing!

    EXECUTION 
    I'm the partner :) And until I can prove that it works, indeed I'm not convinced. The problem is the basic material being used- that's what needs to be validated. The design I filed the PPA won't be the final one, I don't think. Are you familiar with the guidelines on what constitutes public...
  3. TedM

    New effort at licensing!

    EXECUTION 
    Updating that i have no update. I was disappointed with the samples, and in the meantime I've made more progress on my other product, which I'm making myself and am more interested in as a long-term business for the family. But, I do plan on getting back to this- in March at the earliest.
  4. TedM

    The "Astonishing Secrets" Thread

    GOLD! MINDSET 
    Oh my. I'm glad I missed this drama. I hadn't known what led to the ban, back then. Gosh. Not at all comparable, but reminds me of how shocked I was when Karen the Supertrader... turned out to be not...
  5. TedM

    New effort at licensing!

    EXECUTION 
    Two hour drive in scattered showers to meet the guy. He's an expert in his field who's founded a couple of leading companies but has preferred to maintain his small R&D consulting firm because he likes working on new projects. He showed us around, and showed the samples he'd made as a first...
  6. TedM

    New effort at licensing!

    EXECUTION 
    Not this week (he's not available when I am), but we are set for next Tuesday. Here's my deliberation: I'll have physical samples that work pretty well, but not well enough to be a final product. I don't know how much money that will take, to fine tune. -> I hope to get some direction on that...
  7. TedM

    New effort at licensing!

    EXECUTION 
    The mold has been made and some test products made. They definitely show the potential, I understand, but some further work - and money- would be required... I'm planning to go meet the guy who spec'd & tested the mold and speak with him.... touch and feel the first results. Then hopefully...
  8. TedM

    Prototype to Licensing Contract

    Whatever happened?!?
  9. TedM

    New effort at licensing!

    EXECUTION 
    I found OXO to be very accessible. I was easily able to get to the right people to look at my idea. Unfortunately, my product wasn't very good so they passed on it. You really need 20 companies to contact. As Stephen says - it's a numbers game. Lots of companies and lots of persistent follow...
  10. TedM

    Inventor's Virtual Meetup

    HOT! MEETUPS 
    Sorry I missed it! @mikke I was at the dentist when your note came in. Trust me - I'd have rather joined the call...
  11. TedM

    New effort at licensing!

    EXECUTION 
    Update: Nov 10 Contacted several companies and got an encouraging response from a significant player. Realized that i was not ready, actually since i didn't kow for sure that it was manufacturable. Did more research contacting manufacturers in the space in Europe and US. Finally was referred...
  12. TedM

    New effort at licensing!

    EXECUTION 
    Met with InventRight coach. Me ""so, whaddya think of the idea?" Him "Definitely a big need." Me "Then this could be big??" Him "You know, over the last 10 years- I've seen the most amazing ideas - and they've not been licensed. And I've seen some weird ideas that have an end cap in Walmart...
  13. TedM

    New effort at licensing!

    EXECUTION 
    Finished a draft of the sell sheet, Imported target distributor data in Sheets. Contacted InventRight to sign up for their monthly Alumni program ($59/mo - no obligation) Also - a real bonus - 25 minute call with a senior coach at InventRight, so I can get some solid feedback on my sell sheet...
  14. TedM

    New effort at licensing!

    EXECUTION 
    Update: Refined and expanded contact list to 40 companies which, upon review, is a good set of retail and professional manufacturers. Pleased with the list. Researched more specifics for the business argument to include in sell sheet. Ready to go with this. Forgot to ask Fiverr guy for a...
  15. TedM

    New effort at licensing!

    EXECUTION 
    I've tried a few in the past, but frankly they were kind of crappy ideas. And Stephen did make a lot of money from licensing before he went guru on the courses. And he's had many students who have done well going this route. Personally, I'm doing this to scratch an itch.... the product is one...
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