I have a mock-up for an ecommerce directory site. It would be free to use, supported by advertisers and affiliate programs. Optional (free) membership would allow personalization and socialization features. I have shown this to a few family members and business associates, receiving positive feedback in terms of the feasability, ease of use, potential market and uniqueness. Prototyping would be the next step in developing the technical side and could be done with minimal resources - but faster, of course, with some investment dollars. I have yet to explore the question of protecting the idea.
My questions are about Angel Investors:
- Will they invest prior to the prototype stage?
- I would want to take some of this money out to give myself the financial freedom to devote time to the business. Would this be done as an equity buy and seperate funding? Is this common?
- Do non-disclosure guarantees protect the entrepeneur when presenting?
- Should I look into patents, etc. before going to AIs?