I contacted Harvey Reece today. Here is the letter I sent to him, his response and my response back to him.
----You may indeed fail before you succeed, but don`t make it a habit.
I wanted to just share my experience with Harvey Reese so far.
I have a patented idea which I have two large manufacturing companies interested in partnering with me and producing. They are both excited about my idea and nation wide manufacturing companies. I read Harvey Reese's book How to License and decided it sounded easier to fit into my life than partnering and doing all of the hard work producing my product.
Before deciding which way to go I chose to send my idea to Harvey for review. I paid the $189.00 and sent all the information and pictures via his money4ideas website.
I requested confirmation on the items sent and the customer service was brief and unprofessional. I was told my "report" would arrive in a few days.
The report I received was completely factually incorrect. It described something completely different than what I sent. It was like they read someone elses submission and sent the very report to me. It also stated no manufacturing company would say Wow! and that no one would actually use this item.....whats funny is TWO companies LOVE it and want to partner financially with me.
It also stated in the report ," The hard truth is that even under the best circumstances, companies instinctively hate signing licensing deals. They hate paying royalties to outsiders.".. Something his site and book failed to mention.Thought maybe you would like to know this fact before you pay for the pipe dream they sell you.
I paid $189.00 and they did not even read the description of my patent. Huge waste of money. I have asked for my money back since they obviously did not read the submission due to the description being completely incorrect and not even close to what I invented and patented. I will let you know what the response to my request for a refund from Harvey Reese. (stay tuned)
I have looked at his web site very closely and have a few things that make me leery:
1) Quality of his licensed products shown on the web site
2) Lack of any financial results
3) No references offered
4) I read book reviews of his books on Amazon and they make you think twice.
5) There is nothing listed with the Better Business Bureau in PA on his company
I am not ruling out his service but will look for further info. on him and his company.
If anyone learns more please share.
Having read the thread, this is how I imagine things can be for any firm offering services producing reports on whether it will take an idea or patent to licence, or on chances that an idea or patent is likely licenceable by others:
The firm or individual is making good income (thank you very much) on taking $200 dollars (or whatever) to examine an idea or patented idea.
Only really exceptional ideas are taken on, which means that perhaps 99 out of 100 are not taken on. This figure comes out of everything being seen from the firms point of view. That is fine. It's fine if the customer is made aware of where the firm is coming from when it gives it's response to taking the idea to licensing. This has everything to do with the 1 in 100 figure, or 99 out 100.
The other issue is reporting on whether the idea has merit never-the-less. Not talking here of the 99 out of 100 figure. This is very important for the customer. But, this part of a report that can suffer, or the part that can be not adequately done. Because, soon as it is decided the firm is not interested, there is not much motivation to put much time and effort into this part of the report. The money is made already on these 99 out of 100 cases.
Obviously, a good firm will try to do a good job on letting the customer know the merits/problems of the ideas that it decides not to take on to licensing. Possibly the key part of the report for many.
My 2 cents.