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Ideas are cheap.
Don Gilmore said:
Ideas are cheap.
Apparently I was under the mistaken impression that TechHui in general and the Tech Entrepreneurs group in particular is a place where ideas can be discussed and advice sought. Instead, it seems to be a place where the concept is that ideas are cheap and not worth the effort to pursue. I guess innovation and the entrepreneurial spirit is not supported here. And I suppose the fact that there is currently no commercial product like this is irrelevant.
Patent protection can be good, but also expensive to get both in time and $$. I just heard I got one that was filed back in 2006. It was assigned to the company I worked for at the time so other than a line on the resume, it doesnt get me much.
A patent also does not protect you from having people steal your idea. You have to be willing and able ($$$) to fight infringement. You also need to do background searching to be sure your idea is not infringing on someone elses patent (which may be in-process and you wouldnt know about it). There has been a lot of work done on hand tracking over the last 20+ years.
Creating a working prototype is a viable approach. It gives you something to show to VC, etc. The process can also help you eliminate parts that dont work, so you dont wind up patenting something useless. Others may look at the patent, figure out whats wrong, and come up with a non-infringing but working alternative.
Patent protection can be good, but also expensive to get both in time and $$. I just heard I got one that was filed back in 2006. It was assigned to the company I worked for at the time so other than a line on the resume, it doesnt get me much.
A patent also does not protect you from having people steal your idea. You have to be willing and able ($$$) to fight infringement. You also need to do background searching to be sure your idea is not infringing on someone elses patent (which may be in-process and you wouldnt know about it). There has been a lot of work done on hand tracking over the last 20+ years.
Creating a working prototype is a viable approach. It gives you something to show to VC, etc. The process can also help you eliminate parts that dont work, so you dont wind up patenting something useless. Others may look at the patent, figure out whats wrong, and come up with a non-infringing but working alternative.
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