General > General Technical Chat
Possible to invent an electronic device without capital have any here done this?
westfw:
--- Quote ---doesn't it suck waking up at 3:00AM with an awesome idea only to find some one just created it within the last few years, AND got rich off of it?
--- End quote ---
I invented web services. "Gee, it ought to be possible for someone who can write HTML and has a fast internet connection to create web pages and host them for small companies that can't/don't. (too bad my expertise is down in the "putting bytes into packets" area. Oh well; somone will probably do it.)" (in fact, I'm pretty sure people were already doing it at the time I thought of it. I just hadn't noticed.)
(and again, an Idea like that is very far from being a viable product._
mawyatt:
Lots of good stories of inventions that didn't pay off. Here's one that did. In the early 90s a couple colleagues approached about starting a company to develop GPS based electronic monitoring by means of the "ankle bracelet". Since I wasn't interested in managing things later on after the design phase I declined and said I might consider helping out as a consultant. They formed the company and asked about my consulting fee, I said a Porsche 911 would work (that's the red 911 993)!!
They had a brilliant product idea as well as a brilliant business model and staff. The puppet president was a former state governor with lots of political connections, and got all sorts of "free" publicity like on Good Morning American, and national exposure. The business model was to have no cost to the state/county but have the user pay the bracelet fee. A condition of "parole on the bracelet" was that the user could not miss a payment, or back to jail.
The initial product development cost was under $2M, and the company changed hands a few times eventually being acquired by a foreign company, then sold to 3M for ~$250M USD!! A few unethical and unscrupulous things transpired as the company changed hands and my former colleagues did not receive their fair share of the rewards IMO.
Anyway, as others have said, just having a great idea is only part of the success story, you'll need additional support and some luck. However, watch out for the VCs or "Angles", they'll take your idea, help you develop it and they'll profit from it, but leave little for all your hard work and creativity.
Best,
mawyatt:
Another interesting somewhat related success story. Back ~2000 DARPA funded a program called SUO SAS (Small Unit Operations Situation Awareness System) to develop a self forming ad-hoc network with various battlefield radios including aircraft, vehicles and solders. The general idea was to have a traveling wireless network that is self forming & healing with very sophisticated and secure routing protocols. This was so successful that a commercial spin off company was formed called MeshNetworks and a couple colleagues headed up the adaption of SUO SAS for commercial use. We got involved to implement a single Silicon chip for the entire radio, but that's another story.
In 2004 Motorola acquired MeshNetworks and all the $ investors made out, however the IP investors (former colleagues) did not :P
https://www.eetimes.com/motorola-buys-wireless-mesh-networking-startup/
Another good example of getting legal contacts and agreements in place before becoming involved with outside $ investors.
Best,
ebastler:
--- Quote from: Beamin on October 11, 2021, 09:28:21 pm ---This is implemented differently It uses 95% cheap off the shelf components/systems and combines them through software.
[...]
So even if someone already has the idea this is better because of production cost and taking hard, specific custom hardware thats; expensive, hard to test and assemble with a high BOM uses software to tie it all together. That really the idea its making a better wheel WAY cheaper
--- End quote ---
Then what you have is not an "invention", I'm afraid. Just taking someone else's existing concept and making it cheaper is called "cost-down", "knock-off", or "patent infringement", depending on the exact circumstances. ::)
And the big guys in this space do have patents, and I am sure they would be inclined to enforce them. And I'm afraid they would not even let you use the "shot spotter" name...
https://www.shotspotter.com
RJSV:
I was thinking: Electron Microscopes now somewhat 'more' available, than 1960's, things like that. Certainly need partner(s), in bigger project.
However, in BIO-TECHNOLOGY, maybe uhnnh-uhh no!
They'd skimp on the 'clean-up', and
There We GO Sister : Covid III here we come !!!
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