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#2
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| Here are the hard facts. Fortune 500 companies don't want unsolicited ideas. You will find their policy is a flat rejection letter. Why? They don't want the legal exposure of later being accused of misappropriating the (unpatented) idea. I suggest some alternatives. Patent the idea or process if novel, non-obvious and not publicly presented for more that a year. Or. Commericalize the idea through a smaller, specialized, more approachable company and then sell the proven idea to a larger firm. With a smaller company often non-disclosure, contracts and treating as a trade secret can work. If the idea is worthwile it will migrate up the food chain. I put at the bottom of the list commercializing the idea yourself. You have to build too much support infrastructure for your company just to the get idea to market. Too many investors confuse a feature with a product. A product (automobile) can carry a company. A feature extends value within a product. Two guys tried to commercialize an automatic Christmas tree waterer a few years ago. They build their own company. Too much work to sell a few thousand items on a seasonal basis. They should have gone to a plastic moulder with marketing contacts at specialty retailers and offered it as a line item to be added into their current line. They way they wouldn't have had to worry about financing, staffing, rent, keeping the bathrooms clean, etc. Bill Ragsdale Good Fortune Advisory |
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#1
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| Shhh, Why are you sending the proposal to a Fortune 500 company? It is unlikely they have a department to review unsolicited ideas. You may do better with an investor or a small company that could be related to your idea. Call them first. Don't waste your concept by throwing it over the fence. Frank Shhh wrote: - quote - > Hello all, > I apologize in advance if this isn't the correct forum... I interested in > writing a business proposal (basically a suggestion backed with intensive > research and number crunching) to a large fortune 500 company. I want to > know is there anything I can do to protect myself from the company simply > ignoring me and just using the idea on their own? > If you folks have any suggestions on ways to protect myself, I would really > appreciate it. > Thanks! > Shhh |
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| The only way is to find somebody at the company and discuss it with them. If they are interested, you may get them to sign a nondisclosure agreement. Sending it in unsolicited one of 2 things will happen, it'll get rejected or they'll keep it and use it. "Shhh" <1123456[at]13254560.com> wrote in message news:VaidncAruIRJhurfRVn-tw[at]adelphia.com... - quote - > Hello all, > I apologize in advance if this isn't the correct forum... I interested in > writing a business proposal (basically a suggestion backed with intensive > research and number crunching) to a large fortune 500 company. I want to > know is there anything I can do to protect myself from the company simply > ignoring me and just using the idea on their own? > If you folks have any suggestions on ways to protect myself, I would > really appreciate it. > Thanks! > Shhh |
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#-1
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| Hello all, I apologize in advance if this isn't the correct forum... I interested in writing a business proposal (basically a suggestion backed with intensive research and number crunching) to a large fortune 500 company. I want to know is there anything I can do to protect myself from the company simply ignoring me and just using the idea on their own? If you folks have any suggestions on ways to protect myself, I would really appreciate it. Thanks! Shhh |