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Inventor Report |
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FREE valuable information on the invention business for independent and small-business inventors ($14.95 value).
“The Eleven Most Critical Mistakes That Prevent Inventors From Gaining The Financial Value They Deserve From Their Inventions”
Let me help you navigate the success-killing roadblocks in the invention business with my FREE 18-page report.
Thursday 10:03 AM
Dear Fellow Inventor:
My name is Carlos de la Huerga and I’m an innovator like you.
Due to some good fortune over the last 30 years, I believe I’ve had experiences that give me some unique insight into this crazy business of invention. So I wrote a report to capture my insights.
Unless you’ve found a source of information about the invention process that has escaped me, I believe, if you get this report, it will be the most valuable 18 pages you’ve ever read on this topic.
Let be briefly introduce myself
Here’s a quick summary of my background.
With a degree in theoretical math, I joined a small medical electronics firm more 30 years ago – and then helped grow that company from $3 million in sales to over $500 million. During my time there, I moved from software engineer to vice-president of engineering for the entire company and then to general manager for the company’s most profitable division.
Despite my progression to more and more senior positions, I never lost passion for my primary interest – innovation. As a result, I tried to spend as much time as possible with the engineering team working on new algorithms, new product designs, intellectual property development, etc.
However, as the company grew I found that management responsibilities began eating up more and more of my time. So, in 1994, I left to return to my innovation roots.
Since then, I’ve had a blast as an independent inventor – getting over 25 patents issued (with many more pending), founding four companies, raising millions of dollars of external financing, negotiating multiple patent license agreements and settling a multi-million dollar patent infringement lawsuit against a Fortune 100 company – and maybe most fun of all – seeing my inventions in the marketplace (to date, over $2 billion in product sales).
I guess you could say that, if it’s a component of the invention process, I’ve seen much of the good and TOO much of the bad.
I could go on and on with the detail of all of this, but let me just say that I’ve learned a great deal over the last 30 years about innovation, business strategy, intellectual property protection, working with patent attorneys, invention financing, patent licensing, new company development, and patent litigation.
My most valuable expertise
As valuable as all this knowledge is, the real value of my experience isn’t in the knowledge I’ve gained.
No, the golden nugget from my 30+ years as an innovator is the expertise I’ve developed in realizing economic value from inventions.
My FREE report is my attempt to share some of the more important aspects of that expertise with you – by disclosing what I believe are “The Eleven Most Critical Mistakes That Prevent Inventors From Gaining The Financial Value They Deserve From Their Inventions.”
Mistakes have been my greatest teacher
I’ve certainly learned from my successes, but my real education has come from the tons of mistakes I’ve made (and I’ve had some doozies) and, more recently, the mistakes I’ve seen others make.
See, mistakes can be painful, but they really are the world’s best teacher – if you’re willing to learn from them.
The problem I’ve witnessed is that, in the business of invention, there’s NOT enough learning going on despite the number of mistakes being made. And, as you probably know, our industry is making plenty of mistakes.
With more than 97% of patents creating little to NO economic value for their owners, we’re obviously not getting everything right.
This has been going on year after year for decades. Where’s the learning that should result in an increasing success rate? Where’s the process improvement we’ve seen in every other business? If cars had the same success rate as patents, we’d still be riding horses!
No, instead of progress being made, each year we see the total economic value derived from almost all newly issued patents being less than the cost of patent attorneys, filing and issue fees, and other patent-related expenses.
If it wasn’t for the several hundred block-buster patents issued, out of the yearly 200,000 total, the patent industry would be a net money loser! In other words, for an average patent, the odds of it producing a positive return on investment are pretty darn low.
In my opinion, this situation is an absolute travesty. And what’s worse is that no one seems to be doing anything about it.
I know this is discouraging, but that’s been the reality – and it’s the primary reason I wrote my free report.
No one wants to fix the problem
I don’t believe the invention-success rate needs to be as low as it is but, in my experience, most people in this industry don’t want to do anything about it.
For example, patent attorneys, who control most of the dollars spent, certainly don’t have any interest in seeing things change. They are happy as clams taking our hard-earned money to get a patent submitted and issued – with little consideration to the underlying viability of the invention.
And, I can state without hesitancy, that the patent marketing companies don’t want to see things change. They get rich off of the up-front fees from us lowly inventors so they don’t care a hoot about success rates.
In fact, if you evaluate all of the people we spend money on, you’ll discover that almost all of them would just as soon have everything remain as it is. Collectively they’re getting billions of dollars in fees and don’t have to worry about delivering a return on our investment.
In fact, by positioning themselves as the experts – using their extensive education, years of experience and premium hourly rates – they can blame the whole problem on us! It’s obviously our fault that the invention-success rate is so low because it couldn’t possibly be theirs!
Are our inventions always that bad or wrong? Do we lead ourselves to ruin or are others aiding us?
The truth is that there are problems on both sides of the equation, but only WE are in the position to change the dynamics!
Why I wrote this report
This report is a result of my passion for innovation and my belief in the extraordinary value to the US economy of inventors like you.
See, I view what I do – innovation – as being a vital contributor to the sustainable competitive advantage of the US economy. With every country on the planet attacking our manufacturing base, innovations will be the only thing that keeps us competitive. So, in my opinion, folks like you and me are darn essential to our economic future.
However, around every turn, all I see are roadblocks for innovators – with the results speaking for themselves (for me, a 3% success yells BAD results).
Now I’ve been lucky. I’ve discovered ways, almost entirely through trial and error (in some cases, outright failure), to blow up these roadblocks.
But that is what’s sad. I’ve had to learn through failure rather than being educated, in advance, on the right way to do things BEFORE I started on this invention journey.
And, that’s not because I didn’t try. I read the books, consulted with attorneys, talked with patent brokers, attended seminars, dealt with venture capitalists, and sought advice from consultants.
But, at almost every turn, I got advice that was of little value and, sometimes, just out-and-out wrong.
But, as you probably already know from your personal experience, that didn’t prevent people from taking my money.
And, more importantly, all my attempts at learning the ropes from others didn’t prevent me from making tons of mistakes.
Well, now that I’ve had some meaningful success, I don’t want other innovators like me to go through what I’ve been through. Thus I set aside the time to write this report.
The source of the “eleven most critical mistakes”
In my report, I describe the eleven mistakes that I believe prevent inventors from gaining the financial value they deserve from their inventions. You might be wondering where this list of mistakes came from. Well, there are two sources:
In addition to these two sources, I guess there’s one more – my passion for wanting to do something about the dismal statistics in the invention business. Without this passion, I doubt I would have found the time to pair down the vast number of mistakes I’ve witnessed into this manageable list of eleven.
I certainly hope my efforts in doing this bring you great value.
Thanks for your interest. I wish you great success in your future invention efforts.
Best Regards,
Carlos de la Huerga Fellow Inventor
P.S. I truly believe that my Inventor Report is the most valuable 18 pages available on the topic of the invention process. As a fellow inventor, interested in your success, I really encourage you to get your free copy.
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