ATTN: inventors
Date: Saturday, February 07, 2004 @ 20:18:49 UTC
Topic: Legal


Umshaad Trivates writes: I want to point out an important commercialization process to inventors... folks, you don't need to patent something in order to get financed. But you DO have to patent something in order to license production.

Here is how ideas are turned into multi-billion dollar cashflow machines:


You get some crazy idea.

You create a working model of the idea using your own cash. (If you don't believe in your idea, no one else in a position to finance you will either. Then you need to do some market research and write up a GOOD business plan. Visit a local economic development organization most of them are non-profit organizations and have lots of free information.

Then you show the working model to what is called an "Angel Investor". The Angel will help you finance a prototype and maybe some initial marketing, depending on your strategy. He may even want a position on your board of directors. Highly speculative investors like to control their investments.

[Note: If you're worried about the "Angel" becoming a "Devil" and stealing your unpatented idea, there is such a thing called a Confidentiality agreement which can be notarized and you can present the idea in the presence of a lawyer who can vouch for the ideas you presented to the Angel in confidence. Heck, Lawyers are rich, if he likes your idea, he might even want in. This is a bonus because if you can get a lawyer to sit on your board directors pro-bono, you're set. It's not hard to do, lots of lawyers sit on boards.]

Once you have gotten to the point where you want to get crazy-go-nuts at manufacturing, you need Venture Capital. There are many firms that supply venture capital. Especially in large metropolitan cities. Ask a Financial Consultant where to find one.

Once you are making good coin from manufacturing your products, you may or may not choose to go public. At this point, you will need to seek an underwriter for an initial public offering. Most bigge bankz have underwriters for these things, and the big investment houses like Merrill Lynch and Goldman Sachs tend to have'm too.

At this point in the development of the human Economy, that's the farthest you can go with outside financing.

No one, but no one, except perhaps people who REALLY REALLY LOVE YOU, will give you money to develop a working model. You may have to work extra hard for that, or scam a social assistance programme.

Whatever works.

So:

Believers in Free Energy: Don't donate money to people who are not willing to show you what they are working on. They are just trying to scam you.

Free Energy Developers: Don't solicit the believers for financing. For one, you're wasting you're time. These people are probably no very wealthy. Two, you look like an idiot when you don't respect the financing chain.

Scam Artists: F*ck you guys. you guys suck.

I hope that clears up how the economy works for inventors and business developers.

There is one final thing I'd like everyone reading this to consider:

There is MORE MONEY available for business ideas, than there are GOOD business ideas worth investing in. Always always ALWAYS remember that.

-Umshaad Trivates

(from the yahoo free_energy list)





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