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> If no one offers enough money, perhaps their research found it's just a bunch of hot air and not actually a viable design. I won't go into specifics because
by freedomben 2y ago
> If no one offers enough money, perhaps their research found it's just a bunch of hot air and not actually a viable design.
I won't go into specifics because none of them are my story to tell, and I don't have enough inside information to say with certainty anyway, but their research clearly showed it was not just a bunch of hot air, but the economic viability was mixed and often not there. In one case, it was only a marginal improvement over something that was already in high production, and the economies of scale made it so that this slightly better product would initially cost 100x more to produce, and even at moderate scale still 10x. My friend was offered some small amount (IIRC it was like $5,000) by some research firm to buy out the patent. He refused because he felt it was worth a lot more, but AFAIK it never ended up going anywhere. He (like the other cases) was inundated with (often conflicting) advice from a ton of angles, by many people who wanted to profit from the whole thing. It was pretty disheartening to watch. There was another one where a friend of a friend who was a professor discovered a way to improve efficiency in transmissions. They ended up raising substantial money but wanted too much to license out the IP to auto-makers, and the auto-makers walked. They ended up with essentially nothing and shortly afterward an even better CV transmission was discovered/invented, rendering his design obsolete anyway.
- throwaway290 2y agoThanks. Fascinating story. It looks like the market worked but of course subject to human greed and such. Auto makers didn't see enough value to justify the expense. If it was something radical then presumably everyone would have a big enough piece...