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World Changing, Billion Dollar Azure Sphere Invention - Now What?

Sean_Miller

Let's say....hypothetically...one came up with a way to improve the world through an implementation of technology that would improve everyday lives.  Examples from the past would include:

 

  • Icemaker in one's freezer
  • remote garage door opener
  • microwave oven
  • Vehicle Backup camera

 

If one were to come up with a similar game changing idea today and have a general idea of how it would work, how would they introduce it to the world such that they would ensure the following:

 

1)  Not get the idea hijacked from them leaving them being a chump for telling someone

2)  Partner with an existing company that makes similar products to realize the idea

3)  Secure their appropriate share of the worth of the idea

 

Thanks,

Sean

Parents

  • Doug has given a good summary - I'll add a couple of points of my own.

     

    Good ideas are 2 a penny - but it takes real time and effort (and/or money) to take a good idea and turn it into a business.

     

    I've made a good living over the last 45 years out of electronics, I have zillions of ideas -  I don't value them and I don't bet on them, I charge for my time and don't take risk - it hasn't made me rich but it hasn't made me bankrupt or given me ulcers either !

     

    So first you need to work out what you want:

    to be happy ?

    to be rich ?

    to do good ?

    to devote you life to getting rich ?

     

    etc

     

    and then what you are prepared to do and to risk to get there.

     

    MK

Reply

  • Doug has given a good summary - I'll add a couple of points of my own.

     

    Good ideas are 2 a penny - but it takes real time and effort (and/or money) to take a good idea and turn it into a business.

     

    I've made a good living over the last 45 years out of electronics, I have zillions of ideas -  I don't value them and I don't bet on them, I charge for my time and don't take risk - it hasn't made me rich but it hasn't made me bankrupt or given me ulcers either !

     

    So first you need to work out what you want:

    to be happy ?

    to be rich ?

    to do good ?

    to devote you life to getting rich ?

     

    etc

     

    and then what you are prepared to do and to risk to get there.

     

    MK

Children
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