Yeah I worded it wrong. You are right, it would have to be more than a product idea. It would have to be developed and working. It's like the guy with the 3D designs on the bike helmets. If I were him I would have allowed the sharks to go out and get companies to use the patent and then collect 10% royalty. He wouldn't have to work, just sit back and collect. He was too concerned about keeping control over the business. He can keep control but it won't bring him as much money. Pass on control of the business at that point and let those who know how to execute a lot better run with it.
My basic point is these people are not looking at the long term, overall return. Sure 60% is a larger chunk of the pie and that is short sighted. I would much rather take 20% of a billion dollar company that keep 60% of a million dollar company.
It isn't always the percentage. But these guys are getting hung up on it.
That's all. :smxF:
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) I understand your view of not doing work and just collecting the checks but there is much more money to be made if you work with your business selling your product for a couple years and then selling your business and ultimately your patent for huge profits.