Jonah, I primarily license my ideas and don’t build a business around them because I have to many items I am working with that it would stop me from pursuing the others if started a business around one. So, my business model is licensing. I am familiar with the manufacturing process, but there are others here such as Ron and Mark that are actively doing this daily that would be of more help in that area.
Take a look at this article so you can get a better idea of the differences in licensing vs Manufacturing. http://www.inventorsdigest.com/?p=2927

If you send me your email address to rbrown@rogerbrown.net I can send you my NDA and give you my opinion on your product.

http://www.rogerbrown.net

Hey roger are you in position of knowledge to take an idea and create a business around it. The whole 9 yards from patenting to distribution and sales. May be you can’t answer that with out knowing what the idea is. Send me an NDA agreeing to evaluate my idea if you want too.

Ouch Roger don’t make me say DAVISON :(

Jonah, you mentioned I’ve submitted my idea to this invention company on march 19. Can you tell us to what company? Also, you need to understand a few things about investors. They expect a return on their investment. They will not just toss money out because you seem like a nice person. They normally want a detailed business plan stating how you plan on using their money and what they can expect in return. You will find that when it comes to investors they will bring bring in other assests to help protect their investment. These other assests take a portion of the company for their service. So, you can start out being the majority stakeholder and end up the minority stakeholder and seeing them running your company as they see fit.
You need to show investors what makes you the person to back, do you have contacts that will make this project fly, are you an expert in the field of your product, do you have other investors that have the pull to get your product to market. Do you have contracts with the military, government, massive retailers and you just need the capital to fufill orders.
You need to show them who your target market is, how you plan on getting that market, why your product is better than those already on the market, how are getting distribution into the market, do you have any national chains already agreeing to purchase your product once available ?
In this economy you will find investors are even more cautious with who they invest. You want to find an investor that has contacts in your target market so that they are a dual assest of money and contacts. You don’t want an investor that has no clue what you are trying to do because they are also the first ones to pull out if things look strange to them because they are unfamilar with that industries method of getting to market.
You have to understand that a person that invests in a product also will expects to have a say in what you are doing. The more they invest, the more say they expect. So, if you can’t stand to have people looking over your shoulder asking questions, giving their opinion, suggesting other avenues you need to try, having investors is not for you.

http://www.rogerbrown.net

Hey scott thx for that site it seem’s like it could be useful to find proper funding.

I understand roger. 50% was a give or take number borderlining fairness for a good idea.
I’ll say this though what if their was a person wanting to invest in something but had no idea but had the money. I feel the idea and the funding should be even if the idea exceeds it’s potential, market wise. I’d say even, because both parties would have nothing if the idea and funding were,nt married or joined. Well honestly IDK WTF i’m saying lol.probably killing time at my expense.

Thanks for that scott. Yes i was thinking if a know it all person took my idea and created a business with it. It would yield massive amount of profit apposed to licensing. If I stand correct a venture company would expect a well written business plan. I hav’nt even began to concieve a business plan. That’s roughly out of the realm of my mind. I’m more of a straight shooter. I could probably answer questions concerning a business plan pertaining to my idea, For me to expect what to write in my plan that they want to or need to hear with out a template of some sort would be next to impossible.

scott I wrote this before clicking on that link. Well here I go.Thx

Jonah.. the only thing I will say is that if you are under the impression a company is going to invest and take all the risk and give you 50% royalties (or anywhere near that) you have some homework to do. I am not trying to burst any bubbles but you have to be realistic. 50% is not.

I was going to contact one of these guys if it came down to it.

http://venture-capital-firms.findthebest.com/

I know that at least one company has been financed by a nearby venture capital group on this list. They are nearby, so it was an option. I would almost lean toward finding an “angel” or “capital investor” rather than a bank IF that group or individual is going to invest time and resources to ensure he gets repaid the return he hopes to see.

The bank will just take all your equity if you fail, ventures want to see a large return and are willing to risk it, and invest some time into a good business concept. You still need to do a lot of work up front and into the operations of the business. Thats just what I understand, no experience.

Yes julie we’ve signed an NDA. At this stage I am able to leave their company if it was in my best interest with no repercaution. I feel if I had the money on hand I would give it to them to atleast try and see where it takes me, Unfortunately that’s not the case. As time pass i’m slowly learning about the process of how innovated ideas goes fom concept to store shelves. Like you said if I had a good product why would’nt they finance it. I’ll just have to keep looking around for other companies that will acknowledge that I might have a wanted product for the market. And will help finance the project in return for a good portion of royalty. I’m at the point for this particular project to accept financial help and give up over 50% royalty.

dawg your check bounced :(

I wouldn’t give away any more money – no matter what that company is telling you they can do for you. If they think you have a terrific product, why don’t THEY invest in it?

There are those more experienced in this than I am and you will hopefully hear from them.

Did you have a Non Disclosure Agreement with that company so they can’t steal your idea?

Jonah kealoha it’s in the mail……

On its way to fantasy land!

Are there any Angel Investors here at EN?