This episode is Part 2 of my interview with Stephen Key of inventRight. Why two parts? Soon you can learn why I believe this topic deserves special attention.
Stephen Key, using a relevant Star Wars terminology, is the Yoda of "renting" ideas as Tim Ferriss referred to him. The question is still the same: do you really need to found a company?
In part 1 we discussed Stephen’s guideline on when to start a startup and when to license. He brought up also another point: should you sell a product first, or something else?
In part 2 we talk mainly about Provisional Patent Application (PPA), which is a cornerstone idea behind how licensing can generate profit for you. You don’t hear about this topic often as it’s something some people don’t want to talk about. Such people as patent attorneys. Another question Stephen addresses is why don’t companies steal your idea? There are many more topics we covered, such as open innovation, mistakes he made and the ultrafast round.
Enjoy this episode.
Raw transcript is available at: https://www.thehardwareentrepreneur.com
Show highlights can be seen below: