how to prevent your idea from being stolen on Kickstarter so I got a great
stolen on Kickstarter so I got a great
stolen on Kickstarter so I got a great question from one of my youtube viewers
question from one of my youtube viewers
question from one of my youtube viewers love you guys Augusta who wrote in to
love you guys Augusta who wrote in to
love you guys Augusta who wrote in to say great info Evan I just subscribed to
say great info Evan I just subscribed to
say great info Evan I just subscribed to your channel Thank You Augusta question
your channel Thank You Augusta question
your channel Thank You Augusta question same idea they’re on Kickstarter and
same idea they’re on Kickstarter and
same idea they’re on Kickstarter and it’s not patented yet someone could
it’s not patented yet someone could
it’s not patented yet someone could steal my idea how do I go about this so
steal my idea how do I go about this so
steal my idea how do I go about this so this is a real fear if it does you who
this is a real fear if it does you who
this is a real fear if it does you who aren’t aware with Kickstarter it’s a way
aren’t aware with Kickstarter it’s a way
aren’t aware with Kickstarter it’s a way to raise money for a new idea you’re not
to raise money for a new idea you’re not
to raise money for a new idea you’re not giving up a percentage of your business
giving up a percentage of your business
giving up a percentage of your business but you’re pre-selling so it’s pre-sales
but you’re pre-selling so it’s pre-sales
but you’re pre-selling so it’s pre-sales it’s now I’m going to make this product
it’s now I’m going to make this product
it’s now I’m going to make this product whoever wants to buy it you can pay in
whoever wants to buy it you can pay in
whoever wants to buy it you can pay in advance and then I’ll make it and if you
advance and then I’ll make it and if you
advance and then I’ll make it and if you don’t make enough money then you
don’t make enough money then you
don’t make enough money then you probably don’t make the product there is
probably don’t make the product there is
probably don’t make the product there is a big real concern though that if you
a big real concern though that if you
a big real concern though that if you put up your ideas on Kickstarter other
put up your ideas on Kickstarter other
put up your ideas on Kickstarter other people could come in scoop it and run
people could come in scoop it and run
people could come in scoop it and run with it themselves and say hey that’s a
with it themselves and say hey that’s a
with it themselves and say hey that’s a great idea I’m going to do it myself how
great idea I’m going to do it myself how
great idea I’m going to do it myself how do you prevent that from happening so
do you prevent that from happening so
do you prevent that from happening so there are two main ways okay first one
there are two main ways okay first one
there are two main ways okay first one is remember with the patent a patent to
is remember with the patent a patent to
is remember with the patent a patent to get a patent is a really technical
get a patent is a really technical
get a patent is a really technical process if you put up the technical
process if you put up the technical
process if you put up the technical details on Kickstarter it’s going to be
details on Kickstarter it’s going to be
details on Kickstarter it’s going to be boring
boring
boring okay Kickstarter is a marketing website
okay Kickstarter is a marketing website
okay Kickstarter is a marketing website and so what I would geared towards is
and so what I would geared towards is
and so what I would geared towards is explain the benefits of it and not so
explain the benefits of it and not so
explain the benefits of it and not so much how it works
much how it works
much how it works because I don’t care how it works I care
because I don’t care how it works I care
because I don’t care how it works I care about the benefits I’m going to get from
about the benefits I’m going to get from
about the benefits I’m going to get from it and so this is something like often
it and so this is something like often
it and so this is something like often happen at when we were raising capital
happen at when we were raising capital
happen at when we were raising capital it was in the venture capital business
it was in the venture capital business
it was in the venture capital business entrepreneurs and veterans would come to
entrepreneurs and veterans would come to
entrepreneurs and veterans would come to us and say hey we need you to sign this
us and say hey we need you to sign this
us and say hey we need you to sign this confidentiality agreement which we never
confidentiality agreement which we never
confidentiality agreement which we never signed because we see so many deals but
signed because we see so many deals but
signed because we see so many deals but it doesn’t matter because I don’t care
it doesn’t matter because I don’t care
it doesn’t matter because I don’t care how your thing works it doesn’t matter
how your thing works it doesn’t matter
how your thing works it doesn’t matter to me I just need to know that it works
to me I just need to know that it works
to me I just need to know that it works right and so for the people watching the
right and so for the people watching the
right and so for the people watching the people are going to invest money into
people are going to invest money into
people are going to invest money into this and preorder them whatever you’re
this and preorder them whatever you’re
this and preorder them whatever you’re selling I didn’t tell me what it was
selling I didn’t tell me what it was
selling I didn’t tell me what it was whatever you’re selling I don’t care how
whatever you’re selling I don’t care how
whatever you’re selling I don’t care how it works I just want to know that it
it works I just want to know that it
it works I just want to know that it works then I get whatever benefit from
works then I get whatever benefit from
works then I get whatever benefit from it so focus on the market inside focus
it so focus on the market inside focus
it so focus on the market inside focus on the benefits and not the specifics
on the benefits and not the specifics
on the benefits and not the specifics that makes it harder to reverse-engineer
that makes it harder to reverse-engineer
that makes it harder to reverse-engineer makes it harder for somebody else
makes it harder for somebody else
makes it harder for somebody else come up and say I’m going to copy them
come up and say I’m going to copy them
come up and say I’m going to copy them exactly so you don’t have to share all
exactly so you don’t have to share all
exactly so you don’t have to share all the schematics and diagrams and the
the schematics and diagrams and the
the schematics and diagrams and the technical details so that will protect
technical details so that will protect
technical details so that will protect you the second way is ideally you want a
you the second way is ideally you want a
you the second way is ideally you want a patent ok the patent gives you solid
patent ok the patent gives you solid
patent ok the patent gives you solid protection but the first step typically
protection but the first step typically
protection but the first step typically is a provisional pen and provisional
is a provisional pen and provisional
is a provisional pen and provisional patents are easier to get it gives you
patents are easier to get it gives you
patents are easier to get it gives you wider coverage and are not nearly as
wider coverage and are not nearly as
wider coverage and are not nearly as expensive and there’s no annual
expensive and there’s no annual
expensive and there’s no annual maintenance fee what it does is
maintenance fee what it does is
maintenance fee what it does is basically the idea for Bishop
basically the idea for Bishop
basically the idea for Bishop provisional patents is to give
provisional patents is to give
provisional patents is to give entrepreneurs and inventors a year to
entrepreneurs and inventors a year to
entrepreneurs and inventors a year to test out the idea so to see can I
test out the idea so to see can I
test out the idea so to see can I commercialize this can I make money from
commercialize this can I make money from
commercialize this can I make money from this and after that yours up you have to
this and after that yours up you have to
this and after that yours up you have to decide am I going to go and get the
decide am I going to go and get the
decide am I going to go and get the patent or not and spend all the money on
patent or not and spend all the money on
patent or not and spend all the money on it so what you could do is if you think
it so what you could do is if you think
it so what you could do is if you think you have this great idea you get a
you have this great idea you get a
you have this great idea you get a provisional patent for it you put it up
provisional patent for it you put it up
provisional patent for it you put it up on Kickstarter you have a year to go out
on Kickstarter you have a year to go out
on Kickstarter you have a year to go out and make money and raise money and then
and make money and raise money and then
and make money and raise money and then get some sales and see if this is
get some sales and see if this is
get some sales and see if this is something that people really want and if
something that people really want and if
something that people really want and if you’re making money from it then you can
you’re making money from it then you can
you’re making money from it then you can go and afford to get the patent if it
go and afford to get the patent if it
go and afford to get the patent if it totally dies on you know there’s zero
totally dies on you know there’s zero
totally dies on you know there’s zero interest nothing is happening then you
interest nothing is happening then you
interest nothing is happening then you have to make the tough call of after
have to make the tough call of after
have to make the tough call of after that year do you want to go for the full
that year do you want to go for the full
that year do you want to go for the full patent or not keep in mind though with a
patent or not keep in mind though with a
patent or not keep in mind though with a patent you still have to enforce it the
patent you still have to enforce it the
patent you still have to enforce it the most expensive part about a patent is
most expensive part about a patent is
most expensive part about a patent is enforcing it because people can look at
enforcing it because people can look at
enforcing it because people can look at what you’re doing
what you’re doing
what you’re doing and do it themselves and then you have
and do it themselves and then you have
and do it themselves and then you have to go sue them to say you can’t do this
to go sue them to say you can’t do this
to go sue them to say you can’t do this you can’t steal my idea and you don’t
you can’t steal my idea and you don’t
you can’t steal my idea and you don’t have typically two pockets entrepreneurs
have typically two pockets entrepreneurs
have typically two pockets entrepreneurs don’t have the pockets to do it the way
don’t have the pockets to do it the way
don’t have the pockets to do it the way to make money with a patent is to
to make money with a patent is to
to make money with a patent is to typically license it or sell it to a big
typically license it or sell it to a big
typically license it or sell it to a big company so I get to fear it’s a real
company so I get to fear it’s a real
company so I get to fear it’s a real fear on Kickstarter you know you don’t
fear on Kickstarter you know you don’t
fear on Kickstarter you know you don’t want to share your idea with the world
want to share your idea with the world
want to share your idea with the world and have somebody else come in and scoop
and have somebody else come in and scoop
and have somebody else come in and scoop it and make millions you know offer your
it and make millions you know offer your
it and make millions you know offer your idea so remember those two things okay
idea so remember those two things okay
idea so remember those two things okay keep it simple with the market and the
keep it simple with the market and the
keep it simple with the market and the benefits not the technical details so
benefits not the technical details so
benefits not the technical details so it’s harder for somebody to reverse
it’s harder for somebody to reverse
it’s harder for somebody to reverse engineer and then try to get a
engineer and then try to get a
engineer and then try to get a provisional patent on your idea so you
provisional patent on your idea so you
provisional patent on your idea so you get some protection and you
get some protection and you
get some protection and you a year to decide if you want to go for
a year to decide if you want to go for
a year to decide if you want to go for the full patent or not believe those are
the full patent or not believe those are
the full patent or not believe those are watching like the video give it a thumbs
watching like the video give it a thumbs
watching like the video give it a thumbs up below let me know what you think
up below let me know what you think
up below let me know what you think leave a comment underneath
leave a comment underneath
leave a comment underneath ask me a question underneath I make a
ask me a question underneath I make a
ask me a question underneath I make a video response just like this one and
video response just like this one and
video response just like this one and click on my face to subscribe to the
click on my face to subscribe to the
click on my face to subscribe to the channel and see more videos like this
channel and see more videos like this
channel and see more videos like this thank you so much I’ll see you soon
”
Be First to Comment