Hacker News Reader

I know of an example from the book "How to license your million dollar idea" by Harvey Reese. He thought of an idea, drew it on paper, faxed it to a company and got a deal - all in one day. Although: He did quite a bit of business with the company previous to his fax and he does talk about needing to evaluate the originality and market need of your idea.

View on HN

Do you have a source other than himself?

His business model is that you can put your idea on his website (for a nominal fee of $175) and he will then try to sell or license it to someone, and you split the proceeds. Obviously it is in his interest to tell you that he has had tremendous success himself. Besides, I think the $175 will make him a good amount of money from naive hopeful inventors.

Nope, I don't know the guy or the company just the book. He does seem to have a good reputation but like I said I don't know...

Reese didn't just sell an idea on its own. He's a master networker (he's always on the phone) and typically he does provisional patents, copyrights, and so on...

like mix max says he's "worked in the basement for years": his reputation and relationships took many years to build, and typically he sells legal licensing to use his ideas...; this is beyond "just an idea"

Reply on news.ycombinator.com