Forums: Discussions for entrepreneurs and small business.

I`ve presented biz plan to some 30 VC firms in Palo Alto.  None of them asked for money.  Some of them hired experts to evaluate the technical merits of our technologies.  I even feel I wasted all those 30 presentations to "dummies" because with those 30 days of work and travelling expenses we could have made serious progress toward commercialization.

I have a simple rule:  Never deal with any one including VC who asks for any upfront money.  Watch the SuN show on invention.  It says pretty much the same thing regarding invention promotion firms: to agree to a percentage of royalty but never pay an upfront fee to those snake oil salesmen.


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Contract doesn`t mean a thing because those scam artists have loop holes built into their contract.  Invention Submission Corporations under many different resurrected entities do have you sign a contract to provide "marketing" services before taking your hard-earned money.  Well their "marketing" service valued at 5000-10,000 may be just a printout of SIC or Thomas Register of companies in the kind of business that could use your invention but NEVER will.  An hour`s worth of "marketing " service for 5-10K.  That`s how they can afford TV ads to rip more people off.

Gee.  With the 6 times 3K of DD "fee", I could make a batch of 100+ high-end amplifiers I invented and sell them at substantial profit, given the commonly high prices of those audiophile amps.


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Go Green and put more money onto your bottom line with award-winning LED-based light bulbs PearlLED. If you manage a good sized store/business and want to boost the bottom line, call us!

Done with that subject just had to unmark the email notify me of replies..