It seems to me, that the world wide economy is rolling steadily along for a few years now, many of my friends, colleagues, and people I have met from all walks of life are succeeding at nearly anything they attempt lately. There are unlimited opportunities in this type of worldwide economic environment. I hear the news of Steve and Andrew's + team (Invent Right) successes... being a relatively small company, it is very impressive! It is a bit strange, considering, they have only a few guys and gals on their team but yet, achieve tremendous results. They are offering a different service than Edison Nation does, I think everyone understands that. Their benefit to the average inventor represents and requires salesmanship and communication effort, which likely does not appeal to most inventor personalities. It is however, very hard to deny the facts. Invent Right = many licensing success stories (lately 1-2x a WEEK). Edison Nation = is promising to update their website with licensing successes for the last year but I have not yet seen anything.
I suppose with some serious desire, heart, professional etiquette, and providing the customer some serious value; Invent Right is able to be a market leader in the innovation/invention licensing business, because they simply are passionate about what they are achieving and doing and do not quit.
Am I wrong to think going into business for one’s self is probably better for the real “go-getters” out there? Invent Right has always preached, make deals for yourself and Edison Nation has not. Edison Nation does not seem to be able to produce a notable number of deals for a handful of years now? Edison Nation has a much larger staff of people to help get deals done, so I really do not understand why deals are not happening more frequently?
Louis Foreman made a nice deal for himself lately, his Edison Nation common shares of stock, something like 990,000 shares of stock and assumption of company debt. I did not read about anyone else publicly benefiting from the Edison Nation sale and the XSPL merger. The new owners seem to be uninvolved at this point from what anyone outside of the headquarters can see.
I am not really sure whats going on. According this recenlty publicly available official Q2 2018 NASDAQ release, Xspand Product Labs, Inc. "announced the intent aquire Edison Nation." I am guessing everyone thought this was a done deal?
I am starting to become apprehensive of what is going on around at Edison Nation? I feel personally, to put it plain and simple, I am wasting my time. I recently had to inform E.N. I was not receiving updates/feedback on a product that is a finalist in the Insider Licensing category. After nearly a business week, I received an “official” activity meter/progress bar on that submission, of what is happening… about 5 months after it should have been present all along. It reads (2) two companies have been shown, the “finalist idea” in the last 5 months of a 6 month exclusivity period. To be frank, the “1 sentence” feedback and comments on the submission are insulting to myself. I provided EN with the exact website addresses of competitors; in the private comments, EN / and potential licensing partners seemingly, simply recited the exact information I provided them originally, to say that my product was somehow too similar to a competitors. I clearly distinguished the very “extremely” clear differences and benefits with a fully functional prototype. I researched it through and though with help professional legal counsel, in multiple languages, search engines, locations throughout the world while traveling, conducting business and attending trade shows, events where I could communicate with top individuals in that industry and hear the real mundane day to day challenges.
I prepared myself that Edison Nation might take a lazy approach to things as I have read over and over and over in the forums; lots of dreams from submitters of inventions and finalists, but almost always no results. I believed providing a solid, unique product that could be made/sold cheaply/affordable (probably half 1/2 the cost or less of all leading competitors) and sold for high profit (internet or brick and mortar retailer) margin worldwide whilst seriously helping people, would change what I was seeing and reading.
I submitted an extra bonus 2 minute long H.D. video distinguishing the differences between my product concept and the number 1 product on the market that sells millions of dollars’ worth every year (10+ years), about 1+ month ago. This product is approximately $500 retail. A side by side comparison to the number 1 product showing how my concept is clearly much more beneficial in many ways to an end user / customer. The video has still not be watched by anyone at Edison Nation, after 1 month or more. It’s a Private / Unlisted YouTube link specifically for Edison Nation, attention to them in the updated submission.
I am not looking for an apology at this point. I am not wanting to hear of some American political correctness, “oh, so sorry, we are working on this… we didn’t see that.. we had a malfunction. etc.”
I came to Edison Nation for results, those results cost 50%+ or more of the gross of licensing income… I do not know what is going on around at EN, but if I contacted 2 potential prospects in 5-6 months, I would have been fired the first day on the job.
I don’t know how on earth Edison Nation can market this video for several years and claim the spoken words to be the truth or even near the truth at this point?
I sent Edison Nation a list of a least 20-30 westernized companies that speak English, design or conduct business in the USA, (probably made in china) in the same business, producing like kind products one month+ ago and have heard nothing. There is no way as a user of the internet site to understand if Edison Nation / people working for EN, sisters, brothers, cousins companies are receiving this information or just standing around the water cooler / coffee machine waiting for Chinese made plastic cars to fly?
A $2,500 dollar payment upon signing a licensing contract? Seriously, a United States Tractor Trailer Truck / Semi Driver most often times receives a $2,500-7,500 signup bonus before ever driving a new mile on the road. They sign a contract too but it seems to me, that plainly speaking, they are regularly receiving pay after a long haul. I think Most of “us” inventors on this forum bleed to truly help people, change the world, make a difference, do something different that makes sense. We, the “real inventors” never give up, because it just not possible, people can call us funny, silly, crazy, eccentric, different or normal and no-one would ever know the difference… but I know for sure it’s in your blood or it is not.
I do not work for free and this post has taken enough of my time. I think everyone reading the forums for the last year or two+ would appreciate some kind of intelligent response from Edison Nation.