The slow pace of development has allowed improvement of my "ideas" to the point where they are worth developing (they're expensive but I believe I can find the money). In other words, you're foolish if you espouse the "ideas aren't worth anything" line of reasoning.
This is a comment posted yesterday in the "Patentlaw" Subreddit. I'm wondering if this holds true, generally or if this person only exists in the rarified air of "Senior Engineers." It was the inspiration for the "Meme" I posted yesterday. I am not a senior engineer, or an engineer of any type, let alone a senior one at an industrial giant. And yet I still hope to make money from licensing IP.
"The only independent inventors I know that make money off licensing are people with long careers in the industry and a large number of patents created while working in industry who then retire to be consultants.
Think senior engineers who spent 20 years working for companies like Ford, Boeing, Intel or Motorola, who had 100+ patents filed off their work, and left the company to be a consultant."
My industry has largely abandoned the tech with which I'm working. I'm not exaggerating when I say I think I'm confronting one of the biggest product development failures in history.
In the midst of preparing my invention dosclosure forms I realized that I could file claim after claim, and if licensed they could be valuable. These claims would just be in provisionals so relatively cheap. There's no prior art and I just might be able to get funding and the right people interested enough to develop the products.
Still, I feel greedy. I don't know anything about product development and even less about IP law, despite spending a lot of time familiarizing myself with it. I know the work that needs to be done but only at a very high level (using that term to mean I'm not familiar with details of anything).
Is this a normal thing, for a newbie inventor to go IP crazy? Feels weird but like something I need to do as I need development money and have to pay the bills obviously. And oh the hilarity, asking lawyers if I seem greedy.