How to sell your concept ?
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
Patent the process, sell licenses. Aside from that, most large companies aren't interested in hearing about your $100k/week pitch. First of all you would have to get some major market research to back that up, otherwise its just swing in the wind. I'm not sure where you came up with it, but you will need more than that. You will have to hire somebody to pitch this for you, somebody who knows what they are talking about. Find somebody who is a consultant but is well known. If they sign on (aka get a cut), and they are known in the industry, that will help. Or you can look for angel investors, they will agree to give you funding for a percentage of the company. They have the resources to get a company up and running, but their goal is to cash out, so bet on losing most control of the company. You also get very little time to sell your idea to them, typically about 90 seconds before they've decided (whether they let you keep talking or not), so get your pitch polished.
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
Keep your idea and seek for loan to finance it if you think it will yeild the profit projected. Big buys will snatch the idea and run with it, when they are done refining your idea into their you will never believe that you were the originator of the idea. This is what I will do if I have such promising idea.
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
First of all you can't just hand it over your product to someone. No one will consider that, you need a transition. Most of the startups that takes an exit have to work with the purchasing company for at-least a year. Means you can't sell your product/idea like a merchandise. If it's unique, patent the most important aspects of your idea. so that it doesn't cost that much and you will be protected from others implementing it. After that, you should find investors, most of the VCs requires good reference along with the nice idea. But if your idea is protected with patents then why not try crowd funding or angle investment. And to raise funding investors are looking for two things viable product and capable team (even if it's just one guy). And as you are saying that your product will bring revenue and you are passionate about it. I don't see any problem raising money. Also don't worry too much about someone stealing your idea (it is lot harder than you think). There are many huge tech companies trying to copy each others products and most of them fails. And after working hard on your concept you might have realized that how difficult it is to implement an idea into a working product. Don't held back because you are afraid that someone might copy your idea. There are many people with cool ideas who are holding back because they never implement it or want to be too secretive about it. Those kind of ideas doesn't matter. I strongly believe that there is no such thing as stealing an idea, (don't believe everything Leonardo DiCaprio says in the movie Inception :-D) it's all about execution. Good luck.
Remind Me This - Manage, Collaborate and Execute your Project in the Cloud
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
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Patent the process, sell licenses. Aside from that, most large companies aren't interested in hearing about your $100k/week pitch. First of all you would have to get some major market research to back that up, otherwise its just swing in the wind. I'm not sure where you came up with it, but you will need more than that. You will have to hire somebody to pitch this for you, somebody who knows what they are talking about. Find somebody who is a consultant but is well known. If they sign on (aka get a cut), and they are known in the industry, that will help. Or you can look for angel investors, they will agree to give you funding for a percentage of the company. They have the resources to get a company up and running, but their goal is to cash out, so bet on losing most control of the company. You also get very little time to sell your idea to them, typically about 90 seconds before they've decided (whether they let you keep talking or not), so get your pitch polished.
A patent is of no use. When someone violates your patents and doesn't pay you a penny, do you have deep enough pockets to litigate all the way to the Supreme Court? Even if you do, how many years before you get that judgement in your favour, after which they can start a legal wrangle about the quantum of damages? The guy who invented electronic (as opposed to electromechanical) television got zero dollars from his invention. RCA stole it fair and square from him.
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
You talking about Forex market?
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
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A patent is of no use. When someone violates your patents and doesn't pay you a penny, do you have deep enough pockets to litigate all the way to the Supreme Court? Even if you do, how many years before you get that judgement in your favour, after which they can start a legal wrangle about the quantum of damages? The guy who invented electronic (as opposed to electromechanical) television got zero dollars from his invention. RCA stole it fair and square from him.
The US supreme court rarely takes up patent litigation[^] and if you notice from that link, they are almost never related to the patent itself, but the use or validity of it. Take it from somebody who has gone through the process.[^], patents are more useful than you think. Even big companies don't want to litigate so they just down-right purchase the company, Microsoft does this very often. They find a company with technology they want, and they buy the entire company. As far as RCA goes, you are incorrect. The screenplay is closer to your story[^] but in reality he got $1 million dollars for his patents by RCA[^]. ($1m in 1927 = $13m today)
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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application.... Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf * Math is like love : a simple idea but it can get complicated.
If it's truly innovative and groundbreaking, then I recommend you to go to an angel investor to get it off the ground. If you can't get funding from them, then consider selling licenses to the big boys in the industry, but I would do that as a last resort. By the way, i'm curious, what kind of idea can generate such income?
CEO at: - Rafaga Systems - Para Facturas - Modern Components for the moment...