news Life/Business Lesson – A Patent Mistake I Made With Boeing In The 90’s

Eric Lyon said:

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Patenting your ideas is "Very Important"! I've been seeing way too many people getting their ideas scooped up from public social media groups and open communities. The other day I came across a few ideas published on members feeds/timelines and couldn't help but think about the "What If's". In the 90's I, myself, made a patent mistake with Boeing (The aircraft Manufacturer) and figured I would write a little bit about patents and share my Boeing story.

Some of my readers may never need a patent, however, this is a story that should be told since some of you may venture into the realm of patents at some point in time during your business development and expansion.

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This was the first blueprint project I had ever done and I was stoked when I finally completed it. I put the blueprints up on the wall to admire for another month (after completion), dreaming about what it would look like when I could afford to manufacture it in real life. Ahh… Nothing like young dreams!

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Eventually, I came to the reality that I wasn’t going to be able to raise the capital for such a large project myself and got the bright idea to try and partner with a large aircraft manufacturing company with military contracts. They would surely be able to help me get things moving in the right direction. Right?..

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platey said:

If only I had written down the concepts and ideas I've had over the years

But I never get round to doing anything with the ideas

Mind you now when I have an idea I buy the. Com domain of the idea and forget about it lol

Ref your idea

Its only a matter of time before someone designs amphibious people carrying vehicles

The big G are already designing flying cars

It wouldn't surprise me if they don't design and build amphibious cars although I reckon Elon musk could easily build cars that swim

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Eric Lyon said:

They already have, from 4 wheelers to full size 35 ft. recreational vehicles (RV's). It's a niche all on it's own already that not many people have invested in
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Cyberian said:

The story of a lost opportunity, (not mine).

Many years ago I'm working on a remodel (painting) and there is this finish carpenter on the job with what I thought at the time was the coolest thing.
It was a tool belt type of thing that wrapped around a 5 gallon bucket.
Brilliant!
I asked the guy where did he get it? He said his wife made it. Outstanding!
Just being me I pressed him and I asked how / when did he come up with the idea? He hemd and hawd, but I kept on him until finally he told me this story.

He said he was on another job and saw another carpenter with one.
He asked the same questions I did, and the guy said he thought it up and made one. Too cool, right?
Well the first guy asked the second guy, "Do you have a patent on it?"
The second guy said, "No, why would I do that?"
The first guy said, "Ok.... "

The first guy went home that night, bought all the materials he would need to make another one, had his wife put them together, drew up some sort of plan and took it all to a patent atty and after some time got a patent on it.

He was still negotiating with some company when I met him, but a few months later, I started seeing them at Ace, Home Depot, etc....

Never did see that carpenter again...

Now whether he gave the original guy a cut, I don't know.
From the conversations I had with him over the next few days while he was still on the job I got the impression he had no intention of sharing the credit.

That's his karma either way, but I'm sure he made a few bucks off of it.

Peace,
Cy

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Cyberian said:

The story of a lost opportunity, (not mine).

Many years ago I'm working on a remodel (painting) and there is this finish carpenter on the job with what I thought at the time was the coolest thing.
It was a tool belt type of thing that wrapped around a 5 gallon bucket.
Brilliant!
I asked the guy where did he get it? He said his wife made it. Outstanding!
Just being me I pressed him and I asked how / when did he come up with the idea? He hemd and hawd, but I kept on him until finally he told me this story.

He said he was on another job and saw another carpenter with one.
He asked the same questions I did, and the guy said he thought it up and made one. Too cool, right?
Well the first guy asked the second guy, "Do you have a patent on it?"
The second guy said, "No, why would I do that?"
The first guy said, "Ok.... "

The first guy went home that night, bought all the materials he would need to make another one, had his wife put them together, drew up some sort of plan and took it all to a patent atty and after some time got a patent on it.

He was still negotiating with some company when I met him, but a few months later, I started seeing them at Ace, Home Depot, etc....

Never did see that carpenter again...

Now whether he gave the original guy a cut, I don't know.
From the conversations I had with him over the next few days while he was still on the job I got the impression he had no intention of sharing the credit.

That's his karma either way, but I'm sure he made a few bucks off of it.

Peace,
Cy

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platey said:

The impossible is now possible

But only if you think back to front

My idea - had it for a few years

Free food -

Its that simple

Most people would reckon it can't be done

But its very easy to do

You would need to buy the self explanatory dot com domain of the idea tho

Here is how to make $20b? $30b?$50b? Or possibly $100b+? From giving away free food

There are two ways it can be achieved

Eg start from nothing

Or

An Internet giant initially self fund it

OK the start up from nothing avenue

Either buy some groceries from your own pocket and find a sponsor to sponsor you giving free groceries randomly to anyone who visits your website and asks for an item of grocery etc

It wouldn't be long before people were queuing to visit your website to get free items of groceries

But businesses would also be queuing to advertise to the people visiting your website which would give you even more ad $'s to use to buy even more groceries to give away which would attract even more people wanting free groceries

It couldn't stop lol

The second way it can happen is by either the big G or fb or amazon etc just spending $20b ish on groceries to give away which they would make back in 2 - 3 years in ad $'s and become self funding concept globally within 5 years

Easy as pie

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Eric Lyon said:

The snag in that idea (At least for people in the U.S.) is that the federal and local governments now require health inspections and special licenses to give food away to the poor. A few months ago, the news was pouring with churches and volunteer groups that were being arrested for feeding the homeless without the proper licensing and inspections. All it takes is one person to get sick off something given to them for free and the business is shut down.

Lots of research will be needed before attempting to venture into anything that involves food or beverages.

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