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lacodie's Avatar

Hi, my name is Codie Scott, I live in the most electrifying, fun, magical, inspirational, and creative places in the world "New Orleans"....the Big Easy.  where creativity is something you are born with. I have also been someone who has always reinvented thing in my head of products that we use daily. Create a better version or more useful version of my design. But those things were just visions, because without guidance and funding. those things are only going to be a pipe dream. But, then something amazing happened in my life. I was introduced to the film industry. I got a chance to be an extra on my very first film "Fatherhood" starring, Patrick Swayze. This one thing changed my life and helped develop, enhance and open the door to the unlimited creativity that was locked away inside of me. That day I discovered after being bumped up from an extra to a speaking part on my very first film. This was where I was meant to be and the tidal wave of ideas of concepts for screenplays and visions of tv shows I had would come to be out of the blue. This meant I would have to design set ideas for my movies and shows. Create the looks of my characters, scenes, camera angles, locations....etc. These things really got my creative juices flowing and allowed me to think out of the box to coin the phrase. Now all these ideas, concepts and visions I use to think of in the past had merit! It helped this extremely A.D.D, kid able to hone in on something and now focus his A.D.H.D. mind completely on one thing. Something I always had issues with while growing up.  Ideas, thoughts, and things would just pop into my head I was thinking about. Later to discover some were actual real products or devices you could now purchase. Now, i know there are others like out there who have done this before too. So, don't want you to think, I think I'm more creative than many of you guys, but my mind never stops creating daily.

So, this is where my story gets interesting. Today, 3D machine can create simple ideas into reality! Computers can design a concept into a fully rendered product or device. There are more self-made millionaires today than any time in the history of the world. More inventors now have an avenue, way, path or opportunity to make their dreams into a reality. I am one of these called individuals, but I'm beyond your average inventor. Due to knowledge many simple ideas, I thought of to improve, enhance or better the application of something I was doing or needed to be done. Were actual products i could have been the one who created them. Of course, my design was slightly different than ones out on the market today. It just ensured in myself I had an uncanny gift to see, view and look at things we use now or need to have in existence. To create them is a very simplistic way that solves the issue or problem with very little expense in the design.

So, have you or how many have seen the movie "Joy" with Jennifer Lawrence??? How many were shocked at the end? How many were influenced, inspired and driven by what this simple little girl's gift she had brought to her life? Did it give you hope? Fulfillment and confidence to go after your dreams.

Well, if you know this extraordinary movie and who Joy is at the end of it. You are looking at the male version of her. I have unlimited ideas and product designs just sitting in my head ready to be made into actual things people need, want and desire! I just need to get the first one finished and out there. This is where i am openly allowing myself to consider an investor. These ideas arent something that will sell a few or might appeal to a small target demographic. No, these are globe markets, an extremely large niche, and will have multiple demographic appeal, plus licensing and internally opportunities. I have 3 very simple products that ready to move forward now. I am ready to bring the right person in or persons in that will differently change your life. But, they will be under my agreement! I am a very fair man and will reward this person or persons a percentage that will be more than what is the norm. But, I will have controlling interest in all endeavors until we do a license agreement with a company or multiple ones. I have many product designs that could make BIG returns on the investment. So, if we do a deal on my first product, that person or persons I did the first deal with. Will have first opportunity to come into the next and so on and so on.

If I have peaked your interest and are serious about finding out more about me and the exciting opportunities that await for us to make money together. I look forward to speaking or discussing things with you.

Let's make "DREAMS INTO REALITY!" like Joy did! She proved you only need to have one really great idea to open the door to things to come. I welcome your comments and thoughts.

God Bless

Codie

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magurn's Avataren_staff_badge

Hi Codie!

The Edison Nation community is not a source for funding. If you're interested in submitting an idea to us, please click on "Submit an Idea" above and submit to one of our active searches. 

To learn more about our process, the community and how we work with innovators and to review the terms of our Innovator agreement, please visit the Edison Nation Help Page before submitting your idea.

The purpose of these Forums is to share information and news with the inventor community.

We wish you the best of luck whichever path you take!

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inovate's Avataree_badge

Cody, Welcome to Edison Nation!

I agree with Jim, for $25 you can submit your ideas to Edison Nation. If they like it, you need to do nothing else. They will try all their avenues to get your invention licensed and at no more cost to you. They are the most trustworthy of all options worldwide for us creative souls. Do yourself a favor and wait no longer as someone else, has probably thinking about something similar. Good luck and in the meantime check out the forums as there is a wealth of info, to help make your own decisions.

Michelle Sartori
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countofmontecristo's Avatargold

Hi Cody-

I see you're new around these parts... that's o.k.  I tend to agree with Jimmy's Band, there are plenty of us here who will also nod on agreement.  Having ideas/Inventing and making money from those are usually 3 distinct animals and I'm living proof.  My very first patent was sold out from under me to the tune of 30 MILLION dollars U.S. and I saw none of that.  

 So while you. I and many others here are very creative, gifted and driven, there are many roadblocks in the way that we all will face.  I'm not trying to be negative, just trying to ground you a bit, cause that shock of losing and loss is a doozy.  I would highly recommend you browse the forums here and read up on the various pitfalls that await us. If you can avoid the costly mistakes that I and others have suffered, you will be better off.

 Knowledge is power if shared and there are many good folks here who share all they know...make use of that if you will.  Best of luck to you!

I would start here:

Inventing 101

Roger's Valuable lessons

Sarah Mann
Michelle Sartori
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lacodie's Avatar

thanks for all the feedback, Yes I am a virgin at this lol/ I was not aware that the category of funding wasnt there to help you find or lead you to it. So apologize for that.

I totally understand what all you guy have shared and are coming from. sorry, Ralph that someone or some company took something that was yours completely away from you and didnt give it a second thought. That's why i am here if i told you how many many connected to me have said, Codie dude with all the great ideas you have. Why not bring one of them to "Shark Tank" and let them help you along your way to get the ball rolling. Honestly guys. the fact that i could get a couple hundred thousand on one or two of my descent ideas that would probably make the shark would want 51% or have controlling shares in my product or the fact that i could get 1 million for a very global product idea. That they are going to make in the 30 to 100 million dollar range and again the shark owns 51% of my idea. Makes me see blood red! Why can't they work out a fair deal? Something that rewards you of all the hard work that you have put into the research, design, function and appeal to the general public. Why just because they put up the funding should I give up my blood, sweat, tears and dignity up. Screw them!!! I am not giving anyone any more than they deserve.

So that's why i am hear......can one of you please explain this program  I give them $25 dollars to become a member of this nation here at Edison.   In return they will do everything else? Like, help get the look and design I am going for? Will help with the design and/or utility patent?  who then owns the ownership to the product them or me? Will make a prototype of my product? Who pays for that too? Last is get manufactured or we land a licensing deal or agreement with a company. Who has the  51% ownership in the product Edison or me? Do I have to pay back all expenses concurred along the process? If I do pay all these cost back. Do I now own the rights to my product solely?

I just need to have a better understanding of how all this works. Should i protect my ideas or product designs first before submitting them to this company? Are there things i need to worry about?

Anything and everything you can share of the how what and why's that are a part of this process here will be greatly appreciated and maybe rewarded down the line once my product is out in the market and making a return profit.

So enlighten me....I'm ready to learn.

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rogerbrown's Avatargold

90% of your questions can be answered if you would take the time to read the FAQ section instead of asking for them to repeat it here.

Thom C
Aaron Carter
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vitaminguy's Avatargold

Codie, your enthusiasm and passion is inspirational! And your life story is just cool, for lack of a better word! Sorry that I'm not the investor you seek.  But I'd love to trade some of my design and development know how for some of your screenplay writingr tips. Either way,  I wish you the best of luck! 

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lacodie's Avatar

Thanks, Jim and Roger. Yeah, I probably could discover all the answers here. Only i work 16hrs days or nights on film sets. So my time is limited. If others can help me discover those answers or enlighten me to where or what to look for. I would greatly appreciate it. Yes to answer you all, I not someone with unicorn and rainbow dreams of making it big with my ideas. They have actual concrete evidence to value in the markets i am targeting. I have done much research and painstaking evaluations of the product, its design, function, materials, and its appeal. Several will be able to gain licensing from Disney, Budweiser, Coke, Marvel, DC Comics, and many others branding companies. The products are simple, have a niche, will have a market year after year. Can be made in multiple colors and will be in demand of both genders and of all ages. So, I cover more than one age bracket and demographic. 

So, again thank you for your concern I am not someone with pipe dreams but I really do know what I have and the potential these products can offer. Just need some guidance to push it off the top of the mountain as a small idea that will slowly grow and pick up momentum. To then expand even more as the speed increases. To finally become this avalanche to consume its market globally. I understand why this place allows or takes ideas from nothing to slim. Because most if not many have major competition or some type of issue with the design, look, and function or public appeal. It's like winning the Powerball and having all the right numbers to get the ultimate prize. Only one has that exact combination to claim that prize. Well, I have ideas that have no competition, no issues with design, look, function or public appeal. So, my odds differently go up pass slim that i can promise. So, I'm excited for the opportunity that awaits me here. 

That will be one of many product ideas with the big potential to make big money. Time to get seriously ready to this thing in motion!!!

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lacodie's Avatar

charlie, thanks for the advice but i can promise you no one has or is planning to do the things i am about to. Because no one will see the need for them because they are so simple it is ridiculous. The daily use or function on these designs are something you guys all overlook. Believe me, I am sure they are safe because the cost to do what i intend to do is minimal and no one would see the value it in. So it gets overlooked. But, the need and rewards gained on these simple changes to products that these would be used if will forever change people's lives!   To make them more enjoyable, happy, and offer them some very great benefits in the process. Yes, these products are extremely safe!

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chappy75's Avatargold

Codie,

Your experience level is obviously beyond anybody else here in the forums. Your ability to grasp the simple and most obvious is bar none. Investors should be lining up any day now. Wish you the best of luck.

Thom C
Aaron Carter
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let-them-fly's Avatar

Hello Codie,

First of all, allow me to address your most relevant questions, and say that whether you read the FAQ or get the answers here, the time required to read them will be the same.

(1) In return they will do everything else?          Some companies already have a particular category/need in mind, so they come to EN to gather & vet (8 stage evaluation process "depending on the type search it is") prospective ideas, then EN presents them to said companies.   EN also has an "all category" search where they seek to match inventions with reputable companies who may want to license new and patentable products; then EN presents it to them.       Be that as it may, EN will cover any incurred expense to that end. (you will never be ask to pay anything beyond the submission fee)

(2) Like, help get the look and design I am going for?     If the search is for an ASOTV product, EN may very well refine the "look & design", but will only do so if commercialization is pending.    On the submission form, you should describe the invention to the best of your ability, noting any alternate utility that you feel gives it value.

(3) Will help with the design and/or utility patent?    "IF" an invention is licensed, EN will assume all patenting responsibility and expense, with you being named as First Inventor.     Also, inventions must qualify for a Utility Patent to be licensed. 

(4) who then owns the ownership to the product them or me?     Edison Nation owns the product, as per the Innovator Agreement.

(5) Will make a prototype of my product? Who pays for that too?      Any expenses that come about before a licensing deal is signed is the responsibility of the inventor. 

(6) Last is get manufactured or we land a licensing deal or agreement with a company. Who has the 51% ownership in the product Edison or me?     Edison Nation has Exclusive Rights to the product.

(7) Do I have to pay back all expenses concurred along the process?   No.

(8) If I do pay all these cost back. Do I now own the rights to my product solely?   You do not have to pay anything back and you do not have any control of the product's disposition.      If a licensing deal comes about, EN absorbs all the cost as well as legal responsibility for the IP (which means they protect it from being copied and marketed illegal. ie: knock-offs, aka: infringement) there is a 50/50 split in the Royalties, which means EN makes the same amount you will make, so "their" best interest is "yours" too.

Hope this helps.    You remember that old song: "All the gold in California"; there is some lines in it that read: "It don't matter at all where you've played before California's a brand new game"; well, the exact same applies in this industry too... probably even more so.

Ralph Machesky
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magurn's Avataren_staff_badge

Good morning to all, 

Frank, sincere thanks for your answers, as always, and thanks to all for your feedback in this thread!

Codie, I've shared the link to the Edison Nation FAQs twice now, once in this thread and once in another thread posted yesterday. While the forums are a place to learn and inquire about others' experiences, the answers you seek are all available by clicking either here - www.edisonnation.com/faq - or by clicking on "Help" on the Navigation bar at the top of the page.

We understand and appreciate that you are a busy man, but at the same time, your innovations are important and you have spent time developing them. They are worth you spending the appropriate amount of time doing research on any site (not just Edison Nation) where you seek to share them to ensure you are amenable to the standard terms and conditions of that company. Some may be a fit for what you are looking for, some may not, but research is very important - this is a common theme always shared on these threads.

Once again, the purpose of these threads is not to solicit funding for your innovations from the community or share the details of your innovations with the community. 

If you are interested in submitting, we welcome that if you feel Edison Nation matches your needs.

If you have more specific questions on our process following your review of the Help site, please feel free to message me directly or send an email to questions@edisonnation.com outlining your questions and I'll be happy to provide you with more information.

We wish you the best of luck, whichever path you take.

James Chapman
Ralph Machesky
Ralph Machesky
Mary Gorman
Thom C
Thom C
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lacodie's Avatar

Thanks, Frank Wow....and Michelle I understand i am just very cautious about this these are extremely marketable ideas that just making sure my best interest are being covered. I am going to take all that i have read and see what option is best to move forward on. Since I have several really marketable products that can be made. If, I go this route with one, will i be informed of each and everything that is being done along the way? Being able to see the documents, drawings, sketches and even changes that may be made. I dont want to be left in the dark on any aspect of this journey! That way I can see the process of how all this works and know my best interest are being taken care of.

Please reply to answers to these questions.

God Bless

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magurn's Avataren_staff_badge

Hi Codie!

Glad the information has been helpful.

If you submit your idea through our secure online submission system, you'll be able to review the status of your idea in our evaluation process on your Edison Nation Dashboard - your home page.

You'll receive emails whenever there is movement for your idea(s) signaling you to venture back to the Dashboard to check the status of your idea.

Also to clarify, Edison Nation is not a product development firm. We do not create prototypes or samples for ideas. We evaluate ideas based on the information our innovators provide within their submissions for commercialization opportunities. For ideas that make it to pitching stages, we'll create pitching materials, again, based on the information you provide, to present to potential partners.

If your idea is selected for licensing, we would share details with you on development, etc., as they are available.

We wish you the best of luck!

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countofmontecristo's Avatargold

^THIS

Speaking of Sharks... I still have my unsigned contract with Shark Tank/Mark Burnett sitting around here somewhere...unless I finally threw it away one day.

Back when I auditioned. they got a small percentage of your company or sales if they even flew you out to LA to film you.   What that really means is that although they film x number of slots, only a handful would make the final cut to even appear on TV.   So you got filmed in a studio, grilled by the sharks and STILL had to give up a percentage of your company and or product!  That's why I refused to sign, total RIPOFF if there ever was one.   There is a real reason WHY they named it 'Shark Tank'. 

Robert Pontius
Jimmy's Band
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mmmbopingmommy's Avatar

Wow, Ralph, that is insightful information. I guess I'm lucky that the Sharks never swarmed me. It is my dream to be on that show. Looks like it's not as great as it seems.

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chappy75's Avatargold

ralf, 

Is that your experience with them?

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rogerbrown's Avatargold

I believe it was Mark Cuban that made them stop that practice. I agree it was a total ripoff.

http://www.businessinsider.com/mark-cuban-negotiat...

It's not the first time Cuban threatened to leave "Shark Tank" in part because of how entrepreneurs are treated on the show. In late 2013, Cuban forced the show's production company Finnmax to retroactively remove a clause that required every "Shark Tank" contestant to give Finnmax either 2% of their profits or 5% equity in their company.

Robert Pontius
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mmmbopingmommy's Avatar

Roger, wonder why you hear many a story of contestants that got a deal and later retracted. I think most people go on that show for the exposure anyway. It leads to instant sales. However, if anyone actually ever bought a no phone. I can't believe that made it on the show. Probably for the laugh factor.

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rogerbrown's Avatargold

Erin, Leslie Haywood, Inventor of Grill Charms, is a good friend of mine that got a deal on Shark Tank. She has quite an amazing story you can read it here http://gazettereview.com/2016/05/grill-charms-upda...

     Post Reply   

erin hoff
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lacodie's Avatar

Erin, I tell you why. I work in the film industry here in New Orleans. All reality based TV shows have to have DRAMA. If everyone got a decent deal, was happy and each person was treated with respect and dignity. Well, they would have no viewership. The sad truth is the producers of that shows want the sharks to tear the inventors up....Why the HELL you think it's called "Shark Tank!",  They want them to tell these people how stupid their idea is, worthless, they don't know their market, have no clue what they are doing. On the other side, They people the sharks are already rich many don't need any more money to enjoy a comfortable life. They could easily offer and work out a fair deal with these people and still come out smelling like a rose. Only they use their money, power, influence and connections to squeeze, drain and suck up these people's blood (DREAMS). Especially the ones who have great ideas and make them give up 51% ownership or work out most of the deals that benefit them more than the ones who did all the hard work, time and effort to create something that has potential in a market. They make these people sacrifice their pride worth, and honor so they can finally have a chance to enjoy the rewards from their idea. Even though these SOB's get or gain most of the profits.Oh, you will always see on the show one deal where they feel sorry for that person, situation and what or why they need a good deal. So, they actually play fair but it to boost rating and have the viewers see that sharks dont always go for the kill yet allow you to enjoy playing in the water with them. It's SAD, SAD, SAD that we live in a country or world where you work hard to find an avenue to reach and enjoy a better life. Only to have someone who sees an opportunity to capitalize on your idea and steal or put it right from under your feet by demanding 51% ownership in your product.

I have had several of my friends tell me, Codie, these guys especially Daymond John would be interested in your country designer clothing concept. I'm sure he would or they would after discovering its a 100 million if not more venture with all the others areas of merchandise I can go into like jewelry, boots, belt buckles, saddles, and etc. Only for them to bad mouth, make me look stupid or try to embarrass me on national tv? Then point out all the good or great things i already know about my clothing. Then want to fight to give me a deal for maybe a million but then tell me for me to invest I need 51% of the ownership of your business. They all can kiss my you know what!!!  No Fricking way I'm being a fool to give them all but one piece of the pie for me? 

I would have to break the person who insulted me in that manners NECK!

Look that show is BS....most walk away depressed and have their confidence shaken. Because of all the rude, hateful and down right mean things they say. 

This show does nothing to help people with the American Dream...it's there to tell you, Hey you might have the perfect product but if you dont agree to my demands you will never be able to get it on the market!

dont ever consider it! 

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chappy75's Avatargold

hmmm... "Country western beach apparel" so ridiculously simple that we all passed it up... I'm intrigued!

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lacodie's Avatar

seriously????  Each one is a sperate product that if you saw them, you would eat those words! Both are something that cant be touched and will be very much in demand once they hit their markets. 

What you got on your ranch?

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lacodie's Avatar

I hate when my computer freezes up and i cant make changes to a mistake.

separate was what iit is suppose to say.

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lacodie's Avatar

Im curious to find out James. I can tell you are a very innovative type guy. Something tells me is quite impressive!

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chappy75's Avatargold

Codie,

Thank you for doing your research and liking our Facebook page. Your enthusiasm is awesome. I think you have come on a little strong and fast. 

You see my innovation but I am not even the strongest inventor in these forums. You have people that have invented from photovoltaic cloth to as simple as scissors that cut pizza, cook eggs, cook bacon, or hold sunglasses and pumpkin decorations. There is a lot of talent here at EN. 

You asked for advice... Here is some; I hope you'll take it. Slow down. Ask more questions. People here, including myself, share pretty freely. There is a lot to learn.

Wish you the best.

~Chappy

Gizmo
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thom33's Avatargold

Codie,

If you are serious about innovation as a business, you need to be more like a "candle".

Right now, I'd say you are all " firecracker ".

Best of luck with your first EN submission!

Kim L
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gizmo's Avatar

The sharks back out of a lot of deals.

The agreements made on the show between sharks and entrepreneurs are non-binding handshake deals, and many of them never close. Why not? Entrepreneurs have been known to fudge some of their company's financial figures, or make false claims like they have a patent on a product. When the sharks look under the hood of the companies they've agreed to invest in, they frequently don't like what they see and back out. 

Search this;  "10 Secrets You'd Never Guess About 'Shark Tank"

Thom C
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chappy75's Avatargold

When I Presented to Kevin Harrington he wa very candid about his ST experience. He said that from the deals that we see get funded 50% don't get past the due diligence phase and only 20% of the remaining make money / Stay in business more than 2 years.

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mmmbopingmommy's Avatar

hmmm... "Country western beach apparel" so ridiculously simple that we all passed it up... I'm intrigued!

James, you have me picturing that naked cowboy guy that I think was in New York that played guitar on the streets. Except now I picture him in a speedo. Thanks for that vision I can't erase from my head.

Kim L
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chappy75's Avatargold

Erin, 

You were picturing the naked cowboy in a speedo?

Lol... 

That is a stretch... Lol

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keeztan's Avatargold

Roger, I do like the Grill Charms product and remember the show and the updates but the article you referenced has to be the most painful thing I've read in a long time. The writer us uses the term "states" so repetitively it's annoying. (Not meaning to hijack the thread)

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keeztan's Avatargold

James Chapman
Gizmo
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keeztan's Avatargold

All Kidding aside, Codie there is a wealth of information here on this site and taking it in will only help expedite your plans not slow them down. You can avoid pitfalls and obstacles others have run into and learn from their efforts. Congrats on your budding film career but those down times between shots are great to catch up on some of the info available here. EN members have always been helpful to me in the past with any questions.

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