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Thread: Tool invention advice

  1. #61
    Quote Originally Posted by Dino Makropoulos View Post
    Here is the big question.
    What is the best move for JR?

    The right answer may be surprising....


    have fun.
    Sell the patent to either company A or company B, who will assert it against the other company.

    Mike
    Go into the world and do well. But more importantly, go into the world and do good.

  2. #62
    Quote Originally Posted by Mike Henderson View Post
    Sell the patent to either company A or company B, who will assert it against the other company.

    Mike
    Mike, This is one Very smart solution.
    BUT...The game stops If JR sell his patent.

    Funny when you start thinking of the possibilities.

    I was lucky to be his friend/student. He invented the microwave.
    Same with the inventor of the hovercraft.
    Both from NJ.

  3. #63
    Why wouldn't he just license, w/royalties, to companys A and B. That protects the patent, and makes him money, plus he doesn't have to spend a dime or lift a finger. Then anyone else who wants to compete with company's A & B will go to JR as well.

  4. #64
    Quote Originally Posted by Dino Makropoulos View Post
    Mike, This is one Very smart solution.
    BUT...The game stops If JR sell his patent.

    Funny when you start thinking of the possibilities.

    I was lucky to be his friend/student. He invented the microwave.
    Same with the inventor of the hovercraft.
    Both from NJ.
    Google says the Microwave oven was invented by Percy Spencer and he was working for Raytheon, who got the patent assignment, patent number 2,495,429, filed Oct 8, 1945. Looks like it was issued 1/24/1950.

    Mike
    Last edited by Mike Henderson; 02-27-2010 at 7:42 PM.
    Go into the world and do well. But more importantly, go into the world and do good.

  5. #65
    Quote Originally Posted by Mike Henderson View Post
    Google says the Microwave oven was invented by Percy Spencer and he was working for Raytheon, who got the patent assignment, patent number 2,495,429, filed Oct 8, 1945. Looks like it was issued 1/24/1950.

    Mike
    Sorry Mike.
    The convection/microwave? the turning table? or something about plates? I don't remember all the details..


    The inventor lives in Metuchen NJ.
    He was a helpfull member ( many year back) of the NJ Inventors club?
    A good place to get help from other inventors.

    For the original poster: Look at your local inventors clubs and call them.
    Last edited by Dino Makropoulos; 02-27-2010 at 7:55 PM.

  6. #66
    Quote Originally Posted by John Coloccia View Post
    Why wouldn't he just license, w/royalties, to companys A and B. That protects the patent, and makes him money, plus he doesn't have to spend a dime or lift a finger. Then anyone else who wants to compete with company's A & B will go to JR as well.
    John,
    A & B wants to take JR out of the game.
    By licencing his inventions they will make him stronger.
    Even if they deside to make a deal...they will ask for exclusivity.

    Patents are worthless for the small guys and companies.
    Market share and better ideas/inventions/products
    or only ONE super strong patent is the only solution for JR.
    From what I learned over the years?
    If you believe that your idea is very unique and usefull for many people...
    don't talk unless you're ready to take it in the market.
    If your idea is similar but better than other similar ideas...
    THINK about this:
    ONLY 1 in 1000 patents may make it in the market...
    The PTO (patent $ trademark office) is the most profitable gov. agency.

    Some food for thought.

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