Story time on my biggest mistake as an inventor!
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- Опубліковано 22 жов 2024
- Watch: • My Biggest Mistake Lic... to watch full video!
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About Stephen Key, inventRight Cofounder
Stephen Key is an award-winning inventor, renowned intellectual property strategist, lifelong entrepreneur, author, speaker, and columnist. He has over 20 patents in his name. The dozens of concepts he has brought to market have retailed in Walmart, 7-Eleven, and Disney stores and parks worldwide and been endorsed by Michael Jordan, Alex, Trebek, and Taylor Swift. He has defended his patents in federal court against the largest toy company in the world, Lego.
In 1999 he cofounded inventRight with inventor Andrew Krauss to teach others his unique process of harnessing the power of open innovation in the licensing business model. His best-selling book about how to license an idea, One Simple Idea by McGraw-Hill, has been translated into six languages.
He has spoken at Stanford University, Florida State University, the University of Michigan, UC Merced, the USPTO, World IP Forum, University of the Pacific, Cal State Fullerton, Washington University in St. Louis, the Art Center College of Design in Pasadena, the Economic Development Agency for Northern Ireland, and many more.
He has written five books related to product licensing and intellectual property and is a longtime contributor to Forbes and Inc.
From 2018-2019, he was honored to serve as an American Association for the Advancement of Science-Lemelson Invention Ambassador.
In 2021, Mojo Nation named him as one of the 100 most influential people working in the toy and game industry.
In 2022, World IP Forum named him a “Most Influential and Inspiring Leader Of All Time.”
About Andrew Krauss, inventRight Cofounder
Andrew Krauss is an expert on licensing products ideas for passive income. He has been helping creative people bring their concepts to market with less risk and more success for 25 years as a cofounder of inventRight.
During his tenure as president, he grew the Bay Area Inventors’ Alliance group into one of the most active and well-established inventor associations in the country. In addition to advising the White House on innovation, he has been featured as a speaker at USPTO conferences and on NPR’s Science Friday.
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Great story telling, Stephen! CCL keeps paying you. 😊 Keep up the fun videos!
Thank you John!
Love your book 🙏
Did you ever think of contacting an IP lawyer?
Steven - I was led to believe thru my partner that after your engage with a rather large public company thru signing NDA , I assume the due diligence/ market testing can be time consuming and there may be a long period of non communication. Is this something you are familiar with?
@@jerrysanders9101 how long are we talking about?
@@inventRight assuming they got onto the project right away, 4 months?
@@inventRight extremely challenging space- health and beauty.. multiple patents including utility pat
@@inventRight thanks for the quick reply btw Steven🤝
hmmm this gives me an idea. exams that's all I'm gonna say
Can I also license a business idea?
Have you ever heard about McDonalds?
@@alexandrevaliquette3883 can you please elaborate?
that's a really cool ideal
Steve did you read between the final lines on the contract before you sign any agreement license to a company. No they're not just using your product but they basically stole your ideal license to their company that's not good Steve. It just to show me you're not the only one that got scammed intriguing you to sign over the license agreement contract. You got to read the fine print do you have a law. I'm making any license agreement to any company you should have had a lawyer for that reason and have the lawyer go over everything you need to know before signing the license agreement to any company. Remember one thing it's a lesson fool me once shame on you fool me twice shame on me
lol I’m sure he had a lawyer. It gets cut off at the ends but I think what we don’t hear is that because they breached the contract they lost exclusivity but still wanted to use his labels and pay him for what they did sell, but also, Steve got to license it to others now as well. Bonus.