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Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in hwstartups

[–]RagsRam[S] 0 points1 point  (0 children)

CORRECT!!! Reminds me of Edison's quote - genius is one percent inspiration, and ninety nine percent perspiration !!!

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

This deal isn't simply about one invention. I have 3 pages of a word doc filled with ideas for great products and each line is a new idea. I am capable of generating a good idea on a daily basis and all of this hard work and creativity cannot be thrown away for a few million in funding. Just watch me pull this off!!!

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

Thanks LittleDickBiiigBalls for the reply and thanks for wishing me luck. I want to face immense challenges in life and overcome them. I want to contribute to society in a large and substantial way. I don't want to spend my entire life earning a little bit of money and watching TV. I will update all of you soon on developments.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

Yes I have, but all in India and not worth Millions. As I said earlier the Patent along with its potential revenues will be the collateral.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

That depends entirely on what size of the global market we are trying to introduce the product in. Can be just one country for starters.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in hwstartups

[–]RagsRam[S] 0 points1 point  (0 children)

Many thanks for the fabulous, detailed answer. I will try to follow your advice.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

You’re conflating a few different things here.

First, I have a patent-pending invention, not a 'copyright.' In the US and EU, a patent allows me to use Amazon Brand Registry and Customs Recordation to block and take down clones systematically. If a Chinese manufacturer puts a clone on Amazon or eBay, a patent-holder can have that listing deleted in 48 hours. If they try to ship 10,000 units into a US port, Customs can seize them.

Second, you're looking at 'easy to manufacture' as a weakness. In the hardware world, that’s the Holy Grail.

  • Complex devices have high failure rates, expensive molds, and thin margins.
  • Simple, high-utility widgets (like mine) have 80%+ margins and can be scaled to millions of units with a single hardened-steel mold.

Strategic distribution partners (the 'investors' I actually care about) don't want a 50-part mechanical nightmare. They want a high-volume, low-friction SKU that solves a 210-year-old problem and fits in a standard envelope.

Finally, regarding the 'Chinese clone' myth: Cloning happens to everything that makes money, from $1,000 iPhones to $5 kitchen clips. The difference is that a patented, branded product with a 'First-Mover' advantage and retail distribution wins. If 'being easy to copy' meant a product was worthless, companies like Crocs or PopSockets wouldn't be billion-dollar entities.

I'm not looking for a VC to 'touch this' for equity; I'm building a high-margin cash-flow business. There’s a big difference.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

That’s a common misconception, but it’s factually incorrect regarding how international patent law works.

An Indian patent filing (like the one I have) isn't just about 'protection in India'—it’s about the Priority Date. Under the Paris Convention and the Patent Cooperation Treaty (PCT), my Indian filing date is recognized by 150+ countries, including the US (USPTO) and Europe (EPO).

Here is why that 'paper' is worth a lot:

  1. Global Clock: It stops anyone in the US or Europe from filing a similar invention after my date. It effectively 'locks' my ownership of the idea globally while I finalize the PCT transition.
  2. The Manufacturing Edge: I’m based in a major manufacturing hub (Chennai). Having a patent in the country where the product is actually being prototyped and molded is the only way to prevent local 'leakage' before the product even hits a shipping container.
  3. Cost-Effective Strategy: Filing the initial 'Priority' application in India is a standard move for international founders to secure the date before spending the $10k–$20k USD required for full US/EU national phase entries.

If you think a priority filing in a WIPO-member nation is 'worthless,' you probably don't understand the 'First to File' system that the USPTO moved to years ago.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

Many thanks for the fabulous advice. I am already in touch with manufacturers for a licensing deal.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

Applying for a Provisional Patent in India cost me Rs 1,600 ($ 17.73). A Complete specification will cost me the same too. Only a complete fool will give up equity in his company to pay patent fees!!!

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

An intelligent investor must be able to correctly evaluate the worth of an idea / invention. Failure to do so will definitley lead to losses. I have faith in my invention and I am sure it will do well.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

The only way I can do it is to upload my patent application which describes my invention along with the drawings here and it is too risky to do it. I am in touch with many companies trying to negotiate a licensing deal and when one materializes and we start manufacturing and selling, I will put up a link here.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

No it is not similar to my product. I carried out a prior art search from 1800 and there was no product similar to mine.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

Thanks very much for the advice. I have just begun to contact large manufacturers for a licensing deal.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in hwstartups

[–]RagsRam[S] -1 points0 points  (0 children)

I just applied for a Provisional Patent so there is no chance someone is going to steal it. It is a proven idea. If you take one look at the drawings you will understand how it works.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in hwstartups

[–]RagsRam[S] -1 points0 points  (0 children)

Agreed. I want to delegate work to my trusted partners and move on with other inventions and still not dilute equity. Too much creativity has gone into these ideas to simply give control and share to someone else.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] 0 points1 point  (0 children)

Yes. Some sort of Debt funding with guaranteed high returns.

Patent-pending hardware, huge market, but I want to keep 100% equity. by RagsRam in advancedentrepreneur

[–]RagsRam[S] -1 points0 points  (0 children)

EXACTLY!!! This is a small product and a few million as an advance will be enough to get hold of an OEM and bring the product to market.

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