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Date: Fri, 04 Oct 2002 10:38:43 -0600
X-Mailer: Mozilla 4.79 [en] (Win98; U)
Subject: Re: Where to punt Novelty Electronic Device? (UK)
What you are looking for is an investor.
Someone with money that will take your product to market.
OK, how much of the ownership of the product are you willing to give up ???
This is like getting an IPO, you have to be willing to giveup a lot to NOT
have to put up
your own money.
This is the point where most engineers and inventors fail. They do not
understand that the product
development is only 1/3 of the entire product life cycle.
The other 2/3 is what takes all the money to get it to market. You have done
the simple part.
Why should I put up my money if this thing does not sell. I want to make a
Good Luck, this is the holy grail of product development.
Let us know is you get off the ground, we may buy one or two.
hamilton AT dimensional DOT com
Keith Wootten wrote:
> Greetings people of the planet Spark.
> I've made a prototype electronic novelty device. It works as well as I
> envisioned, and is aimed at young people (of all ages) who go to clubs,
> discos and that sort of thing. It has good potential for ongoing
> revenue generation.
> But what to do? I'd like to take it to someone and say, "Give me some
> money and I'll make some pre-production prototypes and polish up the
> design, then you can pay me a royalty for each one you sell".
> They would then reply, "Sounds good to me, here, take this cheque".
> Who and where are these people? Who could I approach in the UK? Who
> makes novelty electronic devices? How do you convince someone to sign a
> NDA before they've seen the goods? What will I do with all the money I
> make from this?
> Keith Wootten
> Extend my surname to email.
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