Seeking some advice regarding a new cycling venture...
#26
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I have 40+ national and international patents. It is very easy and very cheap to file a provisional patent. It gives you a one year time limit to file the real patent. It's meant to provide you with protection while you investigate the "salability" of your product. After the year is over you must file the real patent. Technically, in the US, you have one year to file from disclosing your invention before you have to file, but I would say do the provisional. The provisional is easy to write. It's CHEAP to file, since you would be a small entity. It's maybe $85 or less. With the provisional patent you just need to write down everything single thing you can about your invention. When you write the real patent it will draw from that.
Once you have your provisional patent filed I would do the crowdfunding attempt. Crowdfunding is hard, as you don't get exposure unless you have the social media behind you because you won't be pushed toward the front of the line on kickstarted's website, etc. You will need good content written and to do that cheaply look at upwork.com. You can hire freelancers that do anything, very very cheaply. You can hire copy writers, logo designers, packing designers, marketers, protoypers, you name it.
Once you have your provisional patent filed I would do the crowdfunding attempt. Crowdfunding is hard, as you don't get exposure unless you have the social media behind you because you won't be pushed toward the front of the line on kickstarted's website, etc. You will need good content written and to do that cheaply look at upwork.com. You can hire freelancers that do anything, very very cheaply. You can hire copy writers, logo designers, packing designers, marketers, protoypers, you name it.
#27
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Not according to my patent lawyer. Aspects of the original invention have been changed significantly, along with a couple of new features that didn't exist in the first iteration. Essentially, it's a different product, even though the appearance and function is similar to the original.
#28
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Not according to my patent lawyer. Aspects of the original invention have been changed significantly, along with a couple of new features that didn't exist in the first iteration. Essentially, it's a different product, even though the appearance and function is similar to the original.
Reminds me of a joke I heard recently:
> A guy needs a quick consult with his atty, so he sets up a 30 minute discussion and meets with him. The guy figures he'll just pay the atty cash to skip the billing hassle. He talks to his atty, finishes the discussion, drops a hundred dollar bill on the atty's desk, and leaves.
> After the client leaves, the atty grabs the hundred and notices there are actually two one hundred dollar bills stuck together. This presents the atty with a morale dilemma. What's the morale dilemma?
> answer..the dilemma is whether or not the atty tells his partner about the extra hundred.
Keep your eyes open..
#29
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I have a few US & International also..Given the marketing he did of the product 25 years ago, and the reported acceptance, wouldn't the concept be considered in the public domain at this point & therefore the potential patent ship has sailed? If that's the case, then if the concept truly has any (significant) demand the OP will be in a cost-war of who can mfg and market at the lowest cost.
#30
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All that said, if you're still interested and you're willing to sign an NDA, I can share more about my business and the introductory product. You can reach me through my website at Ebony River Cycling Products.
#31
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Thanks!
#32
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In regards to my earlier response I developed a new deer stand for hunting. My dad has a extensive background in metal fabrication. We built the stand and took it hunting in Arizona. While there other hunters asked about my stand. I took orders and upon returning home we started building and shipping them out. I got concerned about owning a 'ladder factory'. I was concerned about liability. I contacted a attorney friend I have hunted with about marketing the stand and liability issues.
I reached out to the largest deer stand manufacturer in the US. Summit stands. I emailed, then they asked for a phone call. We did a phone call then they asked me to come to their factory in Alabama.
I'm country and showed up in jeans and flannel shirt.
I went over the stand with several big wigs and engineers. Before I was done they told me they wanted the product and to have my attorney to draw up the paperwork.
My attorney friend John Riffle of St Louis drew up a contract and we negotiated a royalty payment. Still rolling.
I also developed and designed a goose call that I sold all rights to another outdoor giant Hunter Specialties. I have a copyright on that call.
I don't know the fancy terms for marketing however I know how to talk to people and know how to conduct business. My oldest daughter is now an attorney so I have someone on speed dial.
If I can do this you for sure can do this.
I reached out to the largest deer stand manufacturer in the US. Summit stands. I emailed, then they asked for a phone call. We did a phone call then they asked me to come to their factory in Alabama.
I'm country and showed up in jeans and flannel shirt.
I went over the stand with several big wigs and engineers. Before I was done they told me they wanted the product and to have my attorney to draw up the paperwork.
My attorney friend John Riffle of St Louis drew up a contract and we negotiated a royalty payment. Still rolling.
I also developed and designed a goose call that I sold all rights to another outdoor giant Hunter Specialties. I have a copyright on that call.
I don't know the fancy terms for marketing however I know how to talk to people and know how to conduct business. My oldest daughter is now an attorney so I have someone on speed dial.
If I can do this you for sure can do this.
#33
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#34
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Not according to my patent lawyer. Aspects of the original invention have been changed significantly, along with a couple of new features that didn't exist in the first iteration. Essentially, it's a different product, even though the appearance and function is similar to the original.
It depends if he disclosed to the public. If it was just to people to make it, then he would be OK. However, even if he did disclose it to the public, it could still not be considered prior art. For instance he could have disclosed a bike, so he'd lose that protection, but then he could go on to patent his design of a bike.
The MBR advice isn't exactly correct.
#35
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It got me 40+ patents and still going. =D
OP, usually patents with the USPTO go like this:
You: Ok I filed my patent. I can't wait!!!
Patent Office 8 years later: NO.
You: What the heck, they didn't even read it. Guess I'll send them more money to re-review.
Patent Office: No
You: Dang, they still didn't read it. They are claiming prior art because of a goldfish and I am patenting an X-ray machine. Oh well, guess I'll send them more money.
Patent Office: No, and we're done, "But you can appeal if you pay us more money."
You: WHAT.THE.HECK. Guess I'll send them more money and appeal.
Patent Office Appeal Board: Yeah that's patentable, send us money to issue it.
OP, usually patents with the USPTO go like this:
You: Ok I filed my patent. I can't wait!!!
Patent Office 8 years later: NO.
You: What the heck, they didn't even read it. Guess I'll send them more money to re-review.
Patent Office: No
You: Dang, they still didn't read it. They are claiming prior art because of a goldfish and I am patenting an X-ray machine. Oh well, guess I'll send them more money.
Patent Office: No, and we're done, "But you can appeal if you pay us more money."
You: WHAT.THE.HECK. Guess I'll send them more money and appeal.
Patent Office Appeal Board: Yeah that's patentable, send us money to issue it.
#36
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OP, where a patent helps is when someone is going to buy your company or you are going to raise a venture round. In those cases, having a patent, even a pending one, gets rid of a lot of diligence hassle.
#37
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Note: I'm not a patent lawyer, but I have 14 US patents.
#38
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Just a minor note: The America Invents Act, passed a few years ago, adopted "first to file" in the US, to bring us into harmony with the rest of the world. Under the new system, the provisional is what gives you that one-year grace period.
Note: I'm not a patent lawyer, but I have 14 US patents.
Note: I'm not a patent lawyer, but I have 14 US patents.