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A conversation like that means there are other options: <Gbatteries> Our patented technology extends the charge-cycle life of standard lithium-ion batteries by
by mrkurt 13y ago
A conversation like that means there are other options:
<Gbatteries> Our patented technology extends the charge-cycle life of standard lithium-ion batteries by at least 200%, and we can prove it.
<Investor> Great, we will invest, get a product to market and you can IPO in 2 years.
It's why saying "yes" to an acquisition is so hard. There are always other options.
- FooBarWidget 13y agoI think you missed a few steps. <Gbatteries founder 1> We need to patent our technology before we can talk to to anyone, otherwise they can steal our tech. <Gbatteries founder 2> Great, let me check our startup bank account. We have... uh... $3000. <Gbatteries founder 1> What? Filling a patent in the US and EU cost $5000 each including agent fees. Even if I use all my personal savings, how do we eat in the 6 months that it takes to get the patent approved? <Gbatteries founder 2> ...
- mrkurt 13y agoThis is why "Patent Pending" exists. :)