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Inventor with a Simply Revolutionary/Common Sense Kitchen Product is Looking for an Angel Investor

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Inventor with a Simply Revolutionary/Common Sense Kitchen Product is Looking for an Angel Investor

Post  fullerbro on Wed 27 Jul 2011 - 13:59

I need an angel investor to help me take my simple revolutionary/common sense Kitchen Product to the market. I invested the initial starting process and I need additional capital to finish the process to get it to the market. The funding request at best will fall underneath 5K and I am willing to even pay back the angel investor 10 times their original investment or may consider to give them a percentage of the invention future royalties for helping me. I have so many marketable inventions that solve mankind problems that giving up a piece of this invention will be no sweat off my back. I hold a degree in Architecture & Electronic Engineering which enables me to get more into my creative side and now I can not turn it off.....I am looking for an Angel Investor in the Northeast part of the United States who I can meet with face-to-face (a must requirement) and go over my invention and share the process that I already took to get this invention moving. Must be willing to sign a Notarized Invention Statement of Confidentiality and Non-Disclosure. It is a wonderful invention that is definitely needed in the marketplace and it solve the problems that everyone has in the Kitchen/Home. It's a no brainer.... It is a simple invention and it will be easy to manufacture and when it hit the marketplace it will be in every household in the civilized world with a kitchen. Serious inquiries only.

Cecil Fuller Hamden, CT


fullerbro

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Inventor with a Simply Revolutionary/Common Sense Kitchen Product is Looking for an Angel Investor

Post  Roger Brown on Thu 28 Jul 2011 - 11:49

Cecil, I know nothing about your product so I am basing my comments on what you have written. You said :
The funding request at best will fall underneath 5K and I am willing to even pay back the angel investor 10 times their original investment or may consider to give them a percentage of the invention future royalties for helping me.

Offering $50,000 for a $5,000 investment is offering a lot on something you have not gotten to market yet or do you have preorders on your product? You mention that you would consider giving them a percentage of the royalties. So, I would assume you are looking to license the product. You also mention it is a simple product and easy to make. So, again based on that statement can I assume it will be affordable to the consumer?
If the answer is Yes than lets say it sells for $10 retail and $2 or less wholesale. Which means you might be getting between 3% to 5% for each one sold. So you are looking at 10 cents or less on the high side from each one sold. That means you have to sell at 10 censt each at least 500,000 units to get the $50,000 dollars to pay off your offer. You have to also take into account that once a company says Yes to your idea depending on tooling costs and what stage of development your product is it can take 6 months to a year before your product is on store shelves. Then it will be a nother 3 months before you get your first royalty check for the previous quarter.
You might be better off getting a loan than making this type of offer.

Everyone likes to think their idea is a million dollar product and there are million dollar selling products, but they are the minority, not the majority of items you see on the market. If I had a dollar for every Inventor that has said they have a million dollar idea, everyone will buy one, there is nothing out there like this, or this will revolutionize the industry, I could retire. Yours may be the next big thing, as I said I have not seen it. I am just wanting to get you to REALLY look at your product from a realistic expectation view point so you do not make uninformed decisions.

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Roger Brown

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Join date : 2011-02-20
Location : South Carolina

http://www.rogerbrown.net    http://www.looking2license.com

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