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Looking for Private Investors and Venture Capitalists for my productViews: 1004
Dec 29, 2009 6:12 amLooking for Private Investors and Venture Capitalists for my product#

Pankaj B
Hi,
I am looking for Private investors for a product that I have developed. The details of it will be disclosed after signing Non disclosure.
The product has no competition and can stand on its own in any country as a viable product.
Contact me if interested.
Thanks

Private Reply to Pankaj B

Dec 30, 2009 12:43 amre: Looking for Private Investors and Venture Capitalists for my product#

John Stephen Veitch
Hello Raj

There are no products of innovations or new businesses that are so secret that they can't be explained in a general way, even in a quite specific way. Your statement is also invalid. Every product has competition, with food and housing and clothing and even against savings.

I only have access to the ideas in my own head. When you tell me what you plan I have. Access to my own ideas PLUS my own interpretation of what you told me. In my long experience I've concluded that it's almost impossible to steal someone else's business idea. My own ideas immediately turn whatever you tell me into something else.

Stronger than that; even when someone is desperately trying to communicate what their business idea is they can't do it. Mostly, people put this failure to communicate down as "it wasn't a good idea in the first place." But usually that ground is never tested.

We do know that many successful innovations were shopped around for a long time before they were eventually given life by the right partner, or the right market opportunity.

I wouldn't expect anyone to waste their time responding to the letter above. You have a communication task to accomplish Raj. I suggest you try again.

John Stephen Veitch; The Network Ambassador
Open Future Limited - http://www.openfuture.co.nz/
Innovation Network - http://veech-network.ryze.com/
Building an Open Future - http://openfuture-network.ryze.com/

Private Reply to John Stephen Veitch

Dec 30, 2009 4:26 amre: re: Looking for Private Investors and Venture Capitalists for my product#

Pankaj B
John,
Very well said and I fully know what you are saying. After careful thinking, I wrote a very general post to see if anyone is really looking for new product and has the curiosity to ask. Otherwise, they will reject me anyway and I will give away the idea. IDEA and VENTURE capital are like CHICKEN AND EGG.

I am fully aware that the current post look like that novice's idea who has given no thinking to what you have said and then wrote it, but I have and still chose to do what I have done. So thanks for your post, its absolutely not a waste. I have given same advice to some....in this case the prodcut is such that I can't tell, since I am working on getting it funded on other channels too.

Anyway, I have been thorugh the dilemma of what is best way to communicate and I have done it. I have other channels of reaching private investors that I am doing and they don't involve such open forums.

Private Reply to Pankaj B

Dec 30, 2009 3:03 pmre: re: re: Looking for Private Investors and Venture Capitalists for my product#

Ken Hilving
One of the overlooked values of Ryze membership is the Find People search engine. In particular, the Advanced Find People link offers a variety of criteria to help members connect.

Of course, a post in a forum may lead to the right connection. Someone does when the lottery as well. :-)

Private Reply to Ken Hilving

Dec 30, 2009 3:30 pmre: re: re: Looking for Private Investors and Venture Capitalists for my product#

Satish Karekar
RAj,

This situation/problem is faced by many enter-pruner with new business idea.

My friend could not find find a secure solution to publicise his innovation.Unfortunately it was independently and very successfully developed by somebody else within a year.

Here Escrow arrangement can be useful.It is used by some free lance software developers too. With some imagination and tinkering it may be applied for your idea.

Hope this will help your project idea !
Best wishes !


Private Reply to Satish Karekar

Dec 30, 2009 4:33 pmre: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Bob Green
Raj,

There is a saying "one hundred percent non-disclosure = zero percent investment" so good luck with your other channels.

Private Reply to Bob Green

Dec 30, 2009 5:00 pmre: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Bob Green
Raj,

There is a saying "one hundred percent non-disclosure = zero percent investment" so good luck with your other channels. I agree with John

Private Reply to Bob Green

Dec 30, 2009 6:37 pmre: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Pankaj B
Bob,
Thanks for your time and posting. See the other channels are ready to sign NDA before we sit down on table and talk or even talk abot the topic.

Are you saying you are interested, have the money and want to know more?

Thanks,
Raj

Private Reply to Pankaj B

Dec 30, 2009 9:54 pmLooking for Private Investors and Venture Capitalists for my product#

Mike Fesler BizHarmony
REALITY: Nothing Screams “I’m Clue-less” Louder than asking for an NDA.
Read my lips: “NDAs are a) unenforceable and b) even suggesting an NDA makes you look like a complete idiot.”

BTW, For those of you who don’t know:
NDA = Non-Disclosure Agreement

(Although NDA should mean: “No Deal Alert”, “Nothing Disclosible Again”, “New Dopey Attorney”, “Nothing Dumber Allowed”, “Never Done Appropriately”, “Naive Dumb Attorney”, “Naive Disclosure Agreement”, “No Deal Agreement”, “No Dung Allowed”, ...)

The request to sign an NDA is yet another red flag that VCs see all the time. So let’s set the scene: VC enters the conference room where the entrepreneur is about to present —

Clue-less Entrepreneur: “Would you mind signing an NDA first?”
VC: “No problem.” (VC thinks: “Oh man … not another one!”)

(Use of the word “one” refers equally to the NDA and the entrepreneur)
What is the entrepreneur really saying when requesting that executed NDA?
a) “You might be a crook.”
b) “What I am about to reveal to you is so earth-shattering that it is a distinct possibility that you will drop everything in your life and try to steal my idea and do it without me.”
c) “If I force you to sign an NDA, you will think I am being a responsible businessman.”
d) “My ideas will seem much more important if you have to sign an NDA first.”
e) “I need to guarantee you will never ever reveal to the world how truly stupid my ideas are.”

From my experience, only answer “e” makes sense to me. Over the years, I’ve signed hundreds, if not thousands, of NDAs. And, so far, I have yet to learn anything from the subsequent disclosure which —

I didn’t know already,
I hadn’t seen at least ten times before,
Wasn’t easily discovered in the public record,
Wasn’t generally known by industry participants, or
Wasn’t so stupid, mundane, or derivative that I couldn’t imagine why anyone would ever consider wasting any time on it.
So it’s always be hard for me to take anyone seriously if they request an NDA. From my own past, I can dredge up two relevant stories:

Story #1
In the mid-1980’s, I was working late one night with a patent attorney. Being a curious, but naive, engineering graduate student, I asked the patent attorney if people ever had to worry about their patent attorney stealing their ideas:

Attorney: “Hmmmm … Only in the unlikely scenario that the attorney could be guaranteed at least $5 million in cash.”
Me: “Huh?”
Attorney: “Well, I figure $5 million is the life time earnings of a typical patent attorney.”
Me: “Huh?”
Attorney: “Well, if a patent attorney was ever caught stealing a client’s ideas, he would never be able to work again — so really, the temptation to steal an idea would only be if — a) it was a guaranteed pay-out, and b) the pay-out exceeded his subsequent lifetime earnings.”
Me: “Gee, that makes sense.”

(In retrospect, what I should have said was: “Gee, it’s comforting to know I’m working with a patent attorney who has thought through so precisely under what circumstances it would be appropriate to consider stealing a client’s ideas.” ) [insert lawyer joke here]

Of course, being a chronically naive idiot, I didn’t really appreciate what he had just told me … which bring me to —

Story #2
It’s the early 1990s and I’m visiting the first VC on the road show for my first venture-backed company —
Me: “Gee, would you mind signing an NDA first?”

(I remember being so proud at the time that I even knew what an “NDA” was. One of those “insider acronyms” that would surely prove I was part of “the club.”)
The Kind and Patient VC: “Sure … no problem.”
(He signed it without hesitation and handed it back to me.)
Me: “Gee, thanks.”
The Kind and Patient VC: “By the way, do you mind me letting you in on a little secret?”
Me: “Wow! … sure thing!”
The Kind and Patient VC: “It’s something you should probably think about from time to time. Building companies is really all about execution – not ideas …you know — the old 5% inspiration, 95% perspiration rule …Anyway, no matter how great your ideas are and now matter how great your plan is, it’s unlikely anyone will ever understand those ideas and plans better than you …”
Me: “Uh? … Yeah?”
The Kind and Patient VC: “… and people like me, who make a living working with people like you, would always chose to work with you first …”
Me: “Uh? … Yeah …OK …”
The Kind and Patient VC: “ … and the truth is — most people never act on ideas or plans anyway — you know: never really commit to the whole perspiration part …”
Me: “Uh? …Huh?”
The Kind and Patient VC: “Let me explain it this way — Even if you were to go down to the corner of Broad and Wall Street — ground zero for the financial markets — and randomly pass out 1000 copies of your business plan, no one will ever execute that plan without you — no matter how great it is.”
Me: “Uh? …Oh … soooo, you’re saying I’m an idiot for asking you to sign that NDA.”
The Kind and Patient VC: “No … just reminds me you’re a little green.”
Okay. I’m a little slow, but I finally got it —

Key Principle: CONTEXT = TRUST

— not an NDA!

Am I saying an NDA is NEVER called for?

Pretty much … It’s a little like asking an Eskimo to agree in writing to never use a refrigerator … It would be a very very rare circumstance indeed that called for an NDA to be executed —

e.g., in a highly-scrutinized high-profile high-stakes negotiation between two highly adversarial and highly litigious parties each armed with high-price attorneys ready to attack on command.
So the next time you catch yourself asking: “Should I get an NDA?” Remember: The answer is “e”.

I believe this was attributed to Christian Mayaud


M.

Private Reply to Mike Fesler BizHarmony

Dec 30, 2009 10:15 pmre: Looking for Private Investors and Venture Capitalists for my product#

Scott Wolpow
When asked I send people five or six NDA's. Most of the people do not evan have an NDA. I then show then how the NDA is almost impossible to enforce as it applies to ideas.

Sometimes in a manufactoring process it does matter. I have signed them when I am privy to how something is made, where that knowledge is unique. I know that my father had a process of rapidly curing epoxy enclosures [three inches thick and more] without thermal runaway. And Ciba Geigy really wanted to know, but would not pay for it.

Private Reply to Scott Wolpow

Jan 01, 2010 2:03 pmre: re: Looking for Private Investors and Venture Capitalists for my product#

Pankaj B
Hi Scott,
You are right, I have met such people too. How did your father overcome this situation?
My case is manufacturing and assembly related too. I am meeitng people who can advice in 1000 or more words rather that show any sincereity to listen.

Raj

Private Reply to Pankaj B

Jan 01, 2010 2:39 pmre: re: re: Looking for Private Investors and Venture Capitalists for my product#

John Snyder
When you are asking for someone to RISK their own money, they are entitled to know everything you know. If you are Paranoid about disclosing the details to the World then how do you ever expect to Market it? You say, I will do that when I am ready. I have news for you, if you are asking for an investor's money, they expect to get paid back quickly. An NDA only hampers that by tying the investor's hands. You may be blocking some marketing avenues. If I were that investor, I would walk away from this deal, no matter how good the idea was. Also as stated earlier, there are ways of protecting your rights to a product or service, you need to avail yourself of these methods. Once you are CONFIDENT, then it is time to talk to your "ANGEL", without the NDA.
John
Prof Wordsearch

Private Reply to John Snyder

Jan 01, 2010 3:19 pmre: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Pankaj B
Hi John,
Maybe I have missed the "ways of protecting your rights to a product or service, you need to avail yourself of these methods"

Could you please elaboate?

Thanks,
Raj

Private Reply to Pankaj B

Jan 01, 2010 4:03 pmre: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

John Snyder
Certainly Raj,
First of all there is a Simple method of writing down all the Details of your Invention (Product or Service) with important and Pertinent Dates Attached. Take these to a Notary to be Stamped with Notary Seal. Seal these all in a Self Addressed Envelope, Take to Post Office and mail to yourself, (Registered Mail). When it arrives, leave it intact and do not open it, file it away with your important papers. This is to be opened only in the presence of your attorney or Court of Law to prove your claim.

Second-you can always file for a copyright, or patent before you explore ways to obtain Financing. This always appeals to an "Angel Investor".

Third-Any records of attempts you have made on your own to Market your idea (With Dates attached) also help to prove your claim. Ads are Great, and Newspapers make Great Documentation.

That should keep you going , any other questions?
John
Prof Wordsearch

Private Reply to John Snyder

Jan 01, 2010 4:34 pmre: re: re: Looking for Private Investors and Venture Capitalists for my product#

Scott Wolpow
My father simply never told them. I know how it is done. It was not worth trying to get a patent, because once you do that, everyone will know how it is done. Also it may not be patentable.

John is talking about a poor mans copyright. That would only prove prior knowledge.

If you read a NDA it will state the parties are protected if they have prior knowledge or if a third party has the same knowledge.

For example I was just asked to sign a NDA, which I did. After they showed me their 'unique' concept, I then showed them two other projects that were identical. One of which I was working on for a few years in the conceptual stage.

A VC has no interest in stealing your idea. If they do they will swiftly be branded as untrustworthy. They want you to succeed. That being said, what has happened is that sometimes your idea winds up benefiting another investment they have.

Sadly there is not much you can do. If you are seeking VC funds, that means you do not have much money and can not afford a court case.

Back in '95 I was working on a number of projects in the collectible market. We had an option on Star Trek postage stamps. One company had almsot all the contracts with the countries taht issue these stamps. You have seen them, like the early Elvis stamps.

We talked and they told us they were not interested. Since we did not have the budget to fly down to countries and wine and dine [and give gifts] to the peopel in charge, we adandoned the idea.

A few months later, the same company released the stamps. They were a huge failure. The reason: They used stock photos that Paramount gave them. What they did not know, nor have access to, were thousands of photos taken during production. These photos could not be used without Paramount's permission in any commerial use or in publicity.

However, one part did allow it to be used for business involving municipal entities. The clause was designed to allow the parties to do location shooting.

We knew the holder of all the images and had options on all of them.

Raj, I suggest you first verify who you are dealing with. Are they a VC or are they people who introduce people to VC.

In your case I would present it as a method to better produce something or if it is unique that is what is special. The process is not material since teehir money will be contingent on it. You could have them put the money in escrow or verify they do have the caputal needed.

I know various people who may help you. I see you are in health Sciences, is it along that field. If it is a btter process for a mature system, I may have a company that will buy it outright.

Private Reply to Scott Wolpow

Jan 01, 2010 5:20 pmre: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

John Snyder
Scott,
You are WRONG! If you have explicit Diagrams and Blueprints,Etc. you can Doccument your Claims very well by the means I outlined in my Post above. Everyone should do that as well as apply for Copyrights and Patents. There is no better Agency than the U.S. Post Office for Documenting Records. There are scores of Cases that bear this up so I can prove what I say. Can you produce even one Case where it has gone against someone using this method? You had better search the Law Books. In all cases, the one that could prove the earliest date was awarded the Rights.

As far as your Stamps, you simply gave up too soon. You shoul focus on your original Photos and found a broker who could help you Market them. The Idea may have been similar but I am sureif you dug hard enough, you could have found enough differences to make them unique. It is like saying my Wordsearch Adz are just Word Search Puzzles, of Course, they are not. They have a very unique design ,construction and purpose.

I stand by my original statement, an NDA is like a pren-up in marriage, "IF you do not trust your PARTNER, why are you in this arrangement?" Think about it. You want to take someone's money but you want them to fully trust you, WHY? All the cards have to be on the table before I'll play.
John
Prof Wordsearch

Private Reply to John Snyder

Jan 01, 2010 6:14 pmre: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Scott Wolpow
John,
Documenting your diagrams is prior knowledge. It will stand up as proof that you thought of it before hand. But it still does not protect you beyond that.

As for the stamps, it would have cost well over 25K to just get the country involved. This was back in 95. And it would have been a hard battle since most countries willing to do this, had already signed deals with one company.
The company I was working for were unwilling to risk the money.

The photos could never be marketed period. Stamps could have been, since they were issued by a sovereignty.


An NDA does not mean you do not trust the other person. It just means what you say or disclose is confidential.
Once you take their money, they are bound by other legal restrictions.

John, just curious how many NDA's have you signed and how many have you authored?


Here is one that I use. It was prepared by a invetment banking company with 3 Billion+ in assets. They use it on a regular basis. One of their partner companies also owns a NFL team. BTW it is a copyrighted document. Which means. DO NOT USE IT.

Confidentiality and Intellectual Property Agreement

This Confidentiality and Intellectual Property Agreement (this "Agreement’) is entered into as of, by and between., ("Discloser"), and., a ("Recipient"). Discloser and Recipient are referred to herein individually as a "Party," and collectively as the "Parties."


1. Background. In connection with.. (the “Transaction”), it is anticipated that Discloser will disclose or deliver to Recipient certain information and documentation of a proprietary, highly sensitive and/or confidential nature concerning Discloser and his Affiliates (as defined below). The Parties have entered into this Agreement in order to assure the protection and confidentiality of such information and documentation in accordance with the terms of this Agreement.


1. Disclosure of Confidential Information. Recipient shall hold in confidence the Confidential Information (as defined below), and shall not disclose such Confidential Information to any person outside its organization or within its organization other than those individuals within its organization who have a direct need to know for the purpose of facilitating the Transaction, whom are approved in advance by Discloser and whom agree in writing to be bound by the provisions of this Agreement to the same extent as if a party hereto. Recipient shall use the Confidential Information only for the purpose of facilitating the Transaction and shall not now, or at any time hereafter, use or exploit for itself or for any other person or entity, and shall not disclose to others, any Confidential Information. The obligations of Recipient specified in this Section 1 above shall not apply to such use or disclosure that is required by law or order of any governmental authority in which event Recipient shall, to the extent practicable, inform Discloser in advance of any such required use or disclosure, shall cooperate with Discloser in obtaining a protective order or other protection in respect of such required use or disclosure, and shall limit such use or disclosure to the extent possible while still complying with such requirements. Recipient shall use its best efforts to safeguard the Confidential Information and to protect it against disclosure, misuse, espionage, loss and theft.

1. Ownership of Intellectual Property. Recipient agrees that Discloser and/or his Affiliates are and shall remain the exclusive owners of its Intellectual Property. No license or conveyance of any such rights to Recipient is granted or implied under this Agreement.

1. Return of Documents. Recipient shall, upon the request of Discloser, return to Discloser all tangible manifestations of Confidential Information and Discloser’s and its Affiliates’ Intellectual Property received by Recipient pursuant to this Agreement (and all copes and reproductions thereof).

1. Confidential Information. As used in this Agreement, the term "Confidential Information" shall mean all information (whether or not specifically identified as confidential), in any form or medium, that is disclosed to Recipient that relates, directly or indirectly, to the business, services or research of Discloser or any of his investors, partners, affiliates, strategic alliance participants, officers, directors, employees or stockholders (collectively, “Affiliates”), including, without limitation: (i) internal business information (including, without limitation, financial information, information relating to strategic plans and practices, business, accounting, financial or marketing plans, practices or programs, training practices and programs, salaries, bonuses, incentive plans and other compensation and benefits information and accounting and business methods); (ii) identities of, individual requirements of, specific contractual arrangements with, and information about, Discloser, his Affiliates and their confidential information; (iii) industry research compiled by, or on behalf of, Discloser including without limitation, identities of potential target companies, management teams, and transaction sources identified by, or on behalf of, Discloser; (iv) compilations of data (including, without limitation, the form or format of information that may comprise or include information otherwise not deemed confidential) and analyses, processes, methods, techniques, systems, formulae, research, records, reports, manuals, documentation, models, track and performance records, data and data bases relating thereto; (v) data, techniques, sketches, drawings, models, inventions, ideas reduced to practice, know-how, processes, apparatus, equipment, manufacturing specifications, algorithms, software programs, software source documents, and formulae related to product lines and other current, future and proposed products and includes, without limitation, information concerning research, experimental work, development, design details and specifications and engineering and (vi) computer software documentation, data and data bases and updates of any of the foregoing.

1. Intellectual Property. As used in this Agreement, the term “Intellectual Property” shall mean all of the following items: (i) to the extent expressed in tangible form or otherwise reduced to practice, all ideas, inventions, designs, developments, devices, methods or processes (whether or not patented or patentable), all improvements related thereto, and all patents, patent applications, and patent disclosures related any of the foregoing, together with all reissuances, continuations, continuations-in-part, revisions, extensions, and reexaminations thereof; (ii) all trademarks, service marks, trade dress, logos, trade names, domain names, and corporate names, together and including all translations, adaptations, derivations, and combinations thereof and including all goodwill associated therewith, and all applications, registrations, and renewals in connection therewith; (iii) all copyrightable works, all copyrights, all mask works and all applications, registrations, and renewals in connection therewith; (iv) all trade secrets and Confidential Information; and (v) all other proprietary rights of every kind and description.

1. Complete Agreement; Binding Effect. This Agreement supersedes all prior agreements, written or oral, between Recipient and Discloser relating to the subject matter of this Agreement. This Agreement may not be modified, changed or discharged, in whole or in part, except by an agreement in writing signed by the Parties. This Agreement will be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors and assigns.

1. Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall be ineffective only to the extent of such invalidity, illegality or uneforceability, without invalidating any other provision of this Agreement.

1. Specific Performance. Recipient agrees and acknowledges that the provisions of this Agreement are necessary for the protection of the business and goodwill of Discloser and are considered by Recipient to be reasonable for such purpose. Recipient agrees that any breach of this Agreement will cause Discloser substantial and irreparable damages and, therefore, in the event of any such breach, in addition to any other remedies which may be available, Discloser shall have the right to seek specific performance and other injunctive and equitable relief (without the need for the posting of any bond or other security).

1. Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of New York without giving effect to any choice or conflict of law provision or rule (whether of the Commonwealth of Massachusetts or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York.


* * * * *




IN WITNESS WHEREOF, the Parties hereto have executed this Confidentiality and Intellectual Property Agreement as of the date first written above.


_____________________________

By:_______________________

Its: _______________________

______________________________


By:_______________________

Its: _______________________

Private Reply to Scott Wolpow

Jan 01, 2010 7:08 pmre: re: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

John Snyder
Why would they want to Copyright a Nondescript Document like that? It just doesn't make sense. As for signing or authoring an NDA, I have never had the need to do so, my Copyrights protect me. I have never had a Court Challenge but do know where I stand Legally. My Wordsearch Adz have been on the open Market for almost 17 years now. They are actively being sold in several States, including Florida and Wisconsin now. Why, I am telling you this, is because
there are enough of them out there, and on the internet, if anyone could, they could copy the idea. No one has, because unless you know the process I use, Duplication is impossible.

BTW, I see nothing on that Document that says Copyright.
John
Prof Wordsearch

Private Reply to John Snyder

Jan 01, 2010 8:12 pmLooking for Private Investors and Venture Capitalists for my product#

Scott Wolpow
John,
You have a misunderstanding. A copyright protects content. A NDA protects concepts that are being discussed. For example, if I was to discuss the programatic method to automate your puzzle creation, I would want to protect the method while discussing it with you. And you would want to protect your process.
Once it is created I could then copyright it, then allow you to use based on an agreement.
BTW Duplication is not impossible. Do you have a patent on the process? Or the concept?

I stated that it was copyrighted, but legal documents are covered without having a notice. Use it at your own peril. I know their lawyers and you will lose.

Private Reply to Scott Wolpow

Jan 01, 2010 9:08 pmre: Looking for Private Investors and Venture Capitalists for my product#

John Snyder
And that is what I want to protect, the Concept. It is impossible to protect the process but I am not discussing my WSA here. I only mentioned them to draw a comparison..
I will restate, I have no need for NDA's.
John
Prof Wordsearch

Private Reply to John Snyder

Jan 01, 2010 11:06 pmre: re: Looking for Private Investors and Venture Capitalists for my product#

Scott Wolpow
A copyright can not protect a concept, only the content.

ie You have an idea about a group of beings on a spaceship exploring the galaxy where the captain sleeps with the hotest women on the planet.
You can not copyright that, however you can get a NDA signed and if the people you speak to use taht idea, you have proof they go it from you.

If you were Gene Roddenbery, you would write and copyright Star Trek.
And yes you can protect the process, if you are smart and clever enough.

Private Reply to Scott Wolpow

Jan 02, 2010 6:04 pmre: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Reg Charie
Mailing yourself a sealed envelope to protect your ideas is an urban legend.

Claim:
You can effectively establish U.S. copyright protection of your work by mailing a copy of it to yourself, then retaining the sealed, postmarked envelope as proof of the date of your authorship.

Status:
Not in the U.S., but it might be of some assistance in Britain.

Mailing one's works to oneself and keeping the unopened, postmarked envelope as proof of right of ownership to them (a practice known as the "poor man's copyright") has no substantive legal effect in the U.S. We've yet to locate a case of its use where an author's copyright was established and successfully defended in a court of law by this method. At best, such mailings might serve to establish how long the author has been asserting ownership of the work, but since the postmarked-and-sealed envelope "proof" could be so easily circumvented, it is doubtful courts of law would regard such evidence as reliable.

http://www.snopes.com/legal/postmark.asp

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Private Reply to Reg Charie

Jan 02, 2010 6:50 pmre: re: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Scott Wolpow
If mailed to a third party, like a lawyer and with the stamp on the seal, it will hold up as evidence. But only as proof of date.

Private Reply to Scott Wolpow

Jan 02, 2010 8:04 pmre: re: re: Looking for Private Investors and Venture Capitalists for my product#

Pankaj B
There, you have said it. My intent with NDA is to put the content of discussion and whatever I will disclose to an investor, in a written form to start with. NDA will carry addemdum of product idea the diferent assemblies and how to put something together. All I need is that same thing should not be put together by another team or so, in the same fashion or with the same amount of equipment or with the items mentioned in my discussion.

Of course, I understand many people can be more knowledgeable and come up with million other methods of thier own to make similar products etc - which I dont object to. As long as what I came up with is preserved and only done with my consent, me or anyone in large, will be fine. Saving the content was exactly the idea behind the NDA.

By the way, thanks for yours and everyone's discssions on this topic. I kind of feel good that asked such basic item. Varied ideas exist of these topics and everyone has their own concept. I learned a lot in this.

You asked about what it is, if it is from healthcare field. Actually No, it is purely mecahnical and green energy item. I have done competitive product research with patent office and nothing as such exists, also have a trademark on it. I have an offer from someone who can help mebuild a mass marketable prototype for me and but it will cost about 20000 USD for prototype. I am ready to share equity with someone who takes sincere interest in working with me on this prodcut that can be of great help to mass populations. When mass produced, it should be pretty cheap so anyone can buy it.

Private Reply to Pankaj B

Jan 02, 2010 8:06 pmre: re: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Pankaj B
Thanks John.
Thanks for yours and everyone's discssions on this topic. I kind of feel good that asked such basic item. Varied ideas exist of these topics and everyone has their own concept. I learned a lot in this.

I have done competitive product research with patent office and nothing as such exists, also have a trademark on it. I have an offer from someone who can help me build a mass marketable prototype for me and but it will cost about 20000 USD for prototype. I am ready to share equity with someone who takes sincere interest in working with me on this prodcut that can be of great help to mass populations. When mass produced, it should be pretty cheap so anyone can buy it.

Private Reply to Pankaj B

Jan 02, 2010 8:24 pmre: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Scott Wolpow
When speaking to a potential investor, they most likley will not care how you do it. They want to know if you posess the skill to do it.
Once they are truly interested, then worry about NDA's.

Private Reply to Scott Wolpow

Jan 05, 2010 3:18 pmre: re: re: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

Joseph Lynders
" ~~~~~~~~~~~ ? ~~~~~~~~~~~~~~~ "

RG - "I have done competitive product research with patent office and nothing as such exists," - RG

Actually your competitive product research with the patent office does not indicate that nothing as such exists, it indicates that nothing as such has qualified for a patent in the past.

It is a seemingly small point but is actually pretty important.

Having found no competition at the patent office likely justifies a more energetic search of everywhere else.

NOTE 01: There are many models of varying types to be made and studied before even considering going to prototype. Your prototype is always your last model before production and proves out every last detail.

NOTE 02: Don't sell the farm too quickly.

Good luck.

Have a good IDea today,

01/05/2010 Joseph F. Lynders, FTg/M/?

Private Reply to Joseph Lynders

Jan 05, 2010 11:04 pmre: re: re: re: re: re: re: re: Looking for Private Investors and Venture Capitalists for my product#

John Snyder
Raj,
Check this out: http://www.legalzoom.com/legal-articles/brilliant-idea-how-protect-it.html?cm_mmc_o=wFzbkCjCEwclkwffwyCjC3zEviWwclCjCb5bpwzzyf&cm_mmc_o=wFzbkCjCEwclkwffwyCjC3zEviWwclCjCb5&spMailingID=2833190&spUserID=NDE3MTU5NTI3NwS2&spJobID=81787229&spReportId=ODE3ODcyMjkS1
Brilliant Idea? How to Protect It

If you have an exciting new concept you want to introduce to the world, consider protecting of your idea before you launch. Learn more about the protection that comes with Trademarks, Copyrights and Patents.

Full Story
John
Prof Wordsearch

Private Reply to John Snyder

Jan 06, 2010 5:11 pmre: re: re: re: re: re: re: re: re: Looking for Private Investors and Venture Capitalists for my pro#

Joseph Lynders
" ~~~~~~~~~~~~~~~ ? ~~~~~~~~~~~~~~~~ "

Once again with emphasis!!!!!!!

Having found no competition at the patent office likely justifies a more energetic search of everywhere else.

NOTE 01: There are many models of varying types to be made and studied before even considering going to prototype.

Your prototype is always your LAST MODEL before production and proves out every last detail.

NOTE 02: DON'T SELL THE FARM TOO QUICKLY!!!!!!!!!!!!

NOTE 03: One of the interesting facts about bringing a new product to market is that someone you don't know and doesn't know or care about you will be deciding weather or not you have done a good enough job of producing something they would be willing to invest in buying and owning.

NOTE 04: DON'T SELL THE FARM TOO QUICKLY!!!!!!!!!!!!!!

Good luck.

Have a good IDea today,

01/06/2010 Joseph F. Lynders, FTg/M/?

Private Reply to Joseph Lynders

Jan 06, 2010 5:49 pmre: re: re: re: re: re: re: re: re: Looking for Private Investors and Venture Capitalists for my pro#

Pankaj B
thanks

Private Reply to Pankaj B

Jan 07, 2010 10:43 pmre: re: re: re: re: re: re: re: re: re: Looking for Private Investors and Venture Capitalists for my#

John Snyder
Check it out! http://abc.go.com/shows/shark-tank

Private Reply to John Snyder

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