Forums » Branding/Packaging » Topic
| What occurs while you sit at G7? | |
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Dave Vaccaro
16,500
Insider Points
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What processes does your idea go through once it is in the hands of the company? What type of testing/evaluating takes place?
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Dave Vaccaro
16,500
Insider Points
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Thanks Amy…..to you as well!! |
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Penster .
205,500
Insider Points
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Amy: 6 Months is the base but EN does not “over pressure” as there are at times variables with the sponsor and timing. Better to take more time than walk away. Sometimes EN contact you for additional info, prototype etc. Not always though. Patience is one of the biggest challenges. Also, better to be G7 than R8…..hang in there. |
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Amy Donahue
227,000
Insider Points
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I have been wondering what happens during G7 as well. I have read of people at this stage getting emails or calls from EN and wonder if since I haven’t gotten a call and it’s getting close to 60 days after the presentation – is that a good sign or a bad sign? Or maybe it’s neither good, nor bad! I realize there is also a 6 month window at play, so I suppose I could be waiting for a while longer! Great posts and Dave, best of luck! |
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Dave Vaccaro
16,500
Insider Points
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Great responses Greg and Frank….I do feel much better. The wait is not an issue at all. The insecurities were however and you’ve seemed to have soothed them. This is indeed a great community! |
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Frank White
38,000
Insider Points
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It’s cool Greg <;-) |
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Greg M
150,250
Insider Points
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Dave, Great points and all legit concerns…..From my understanding, it goes something like this. |
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Frank White
38,000
Insider Points
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Hi there Dave, I realize you’re excited and champing at the bit on all this, but part of EN’s understanding with search sponsors is thatsubmitted ideas are to be held in confidence; legally documented via an official Non Disclosure Agreement. The evaluation processes used for selected suggestions are as varied as the companies who participate in an LPS…neither us (nor EN to a large extent) are privy to the matters discussed and taken into consideration in the board rooms such to the sponsor, and have our backs throughout the process. The best thing you can do at this point, is Luke 21:19 – “In your patience possess ye your souls” |
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Dave Vaccaro
16,500
Insider Points
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This is what I mean: What are they doing when they are sitting on it? Are they making their own prototype for testing? Are they evaluating the validity of the idea? Market potential? etc… The big question is: Does EN have correspondence while all of this is taking place? Do they have our backs if all of a sudden a company says, “Wait a second, if we make a tweak or two here and there we can make our own product that solves the same problem.” My concern is that my idea is not patented (that is unfamiliar territory for me). I do not have that kind of money either. However, when I submitted this idea I knew that it can be a game changer. It’s easy to say it now but I had no doubt that it was going to G7. I am by no means being impatient, it’s only been a week. I am a bit worried however due to the above mentioned. Please chime in:)) |
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Don McCammon
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G7 is to the advantang of the marketer. They sit on it and decidie what they want to do. I sugest they pay a fee to keep on G7 |
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Yolanda Jackson
125,500
Insider Points
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Still @ G7 for ASOTV. was wondering the same Question? |
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david quirk
134,750
Insider Points
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@Dave |
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Richard Yost
132,750
Insider Points
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That’s funny Kelce, I’ve never heard of anyone getting an R1, those must be so bad that they wouldn’t even take your money. (:>}) |
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Kelce Wilson
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Well, I’ve been sitting on a bunch of R1’s for a while. I wonder what’s happening to them. |
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Dave Vaccaro
16,500
Insider Points
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Nice Job DQ!! What search? Best of luck! |
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david quirk
134,750
Insider Points
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This is my first time at G7 waiting too. :) |
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Greg M
150,250
Insider Points
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Jim is dead on…..ditto that. |
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Dave Vaccaro
16,500
Insider Points
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Cool….thanks for the info. Jim!! |
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Jim Hacsi
482,000
Insider Points
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It’s definitely a courtesy and practice that Scott Dromms has made common recently, but I’m sure Scott has a full plate with everything going on behind the scenes at EN right now. In the past year or so, EN has considerably changed for the better and it’s mostly due to the energy, expertise, and integrity of Scott Dromms. |
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Dave Vaccaro
16,500
Insider Points
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Is it common practice for EN to give a brief summary of how the presentation went? |
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Jim Hacsi
482,000
Insider Points
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Dave, you may receive a phone call or an e-mail message to gain more information about your invention, or they may just let you know the level of interest and what due diligence is being done by both EN and the client. In the Rawlings’ product search, no recap was given as to what happened during the presentation, so there’s no way to know what will happen for certain as you wait at G7. But it’s better to wait at G7, then to know something for sure with an R8! |
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