I have invested in many inventions, and it always amazes me that some inventors are more worried about collecting an upfront royalty fee that the patent never gets to market. The real financial gains are made after the patent is being used and in the market. I made the same offer to a couple this week that I have made, and many other inventors accept including one of my newest investments The Hillbarrow, a motorized wheelbarrow. The couple turned down my offer because they wanted an enormous amount up front and did not even have a working prototype. I believe every inventor deserves the financials rewards for their labor and ingenuity but should look at the big picture and what an investor is going to have to spend to develop a prototype and introduce the product to market.
Robert Ritch is an investor located in Franklin TN.