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Right. Good! Am I going to argue with pg? If I could ask you for one more comment... Most consumer electronics products that you see on store shelves are no
by robotrout 18y ago
Right. Good! Am I going to argue with pg? If I could ask you for one more comment...
Most consumer electronics products that you see on store shelves are not patented. They're not sufficiently innovative to deserve one. That's also the case with my portfolio. I have a few pending patents, but as far as legally defensible IP, not so much.
My idea is to select perhaps 10 products, complete with photos of prototypes, and/or schematics, as well as trademarks that I have reserved, domain names associated with those trademarks, the few patents I have, and my resume, I guess, and create a package I can give to VC's.
Then, in the package, select one of those products as a "first product", and present a timeline and budget for bringing it to market.
Is this something that could fly?
- pg 18y agoVCs don't generally want to see a portfolio of ideas. You're supposed to be the expert: they expect you to choose. What they want to see is a group of smart founders who plan to work in a promising area. Also, they're generally leery of consumer electronics. Not that you shouldn't do that, but if you do, you should do it a la Meraki: make version 1 yourself in your basement, get ramen profitable by selling it to early adopters, and then go to VCs once you can show it's already taking off.
- robotrout 18y agoThank you for telling me that probably would not have worked, and about the reluctance regarding consumer electronics. It makes sense they would be so, for the very reasons that are hindering me. (high initial investment, IP infringement risk, multi-country compliance, etc).