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Politics : Foreign Affairs Discussion Group
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To: Sun Tzu who wrote (169869)8/25/2005 4:26:42 PM
From: geode00  Read Replies (1) of 281500
 
The rule of thumb is that 95% of patents never turn a profit. Of course if you read some of the patents the cause of this remains obvious.

For a really new idea, it takes years to take something to market, get the broad consumer market to accept it and actually turn a profit after your investment. 20 years sounds like a long time but that clock starts ticking no later than a year after you've exhibited or talked about your product in public.

Try and get a patent and pay the legal fees ($200/hour on up with no guarantee of acceptance) if you don't write it yourself. You then get to maintain it and DEFEND IT in court. A few years back I heard that the average patent defense cost about $400K. US Patents are good here. You have to pay more for foreign rights.

It's not as easy as it looks.
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