Winter Woman
Well-Known Member
Fin, I am an American inventor and it is a hard way to make a living. About 5% of all patents held by individuals ever make it to market. Out of that Less than half of 1% of patents held by individual inventors go straight to licensing. The 4.5% remaining have be manufactured by the inventor and then licensed to make it to market. That way the Licensee will have no skin in the game. I have had 3 go straight to license.
It might be that Americans have more tenacity than the Chinese and maybe they are less risk adverse. I'm saying this because for the average person the first patent you have to bet the farm. Everyone will tell you you are wasting your time, they will roll their eyes, they will tell you that you're out of your mind to do this and this is just about everyone you know; because, generally, the process takes years and they are tired hearing about it. You have to have the ability to shut it all out. But you are always aware of the risk you are taking.
Then finally the first check arrives and the naysayers are now saying I was behind you all the way, you know that don't you? Yeah, I remember well what they said.
It might be that Americans have more tenacity than the Chinese and maybe they are less risk adverse. I'm saying this because for the average person the first patent you have to bet the farm. Everyone will tell you you are wasting your time, they will roll their eyes, they will tell you that you're out of your mind to do this and this is just about everyone you know; because, generally, the process takes years and they are tired hearing about it. You have to have the ability to shut it all out. But you are always aware of the risk you are taking.
Then finally the first check arrives and the naysayers are now saying I was behind you all the way, you know that don't you? Yeah, I remember well what they said.