In this Bold Inventor Show episode, co-hosts J.D. Houvener and Matt Kulseth dive deep into the art of patent monetization with a special guest – Tom Stegeman. Tom shares his inspiring journey of developing an innovative swim fin product and successfully licensing it to a major company. If you’ve ever wondered how to get your product from prototype to market, this episode is packed with insider secrets, actionable advice, and real-world lessons. 🎧
Tom breaks down the challenges and triumphs of navigating the patent process, offering practical insights into:
Key Takeaways:
- 🏊 From Idea to Prototype: Why testing early with real users is essential to validate your product.
- 📝 NDA Negotiation Tips: How to filter through companies based on the attitudes and red flags in their NDAs.
- 📞 Getting Past the Gatekeepers: Creative ways to connect with decision-makers at top companies.
- 💼 Licensing vs. Manufacturing: Why partnering with an established company can often be more profitable than going to market alone.
- 📊 Persistence Pays Off: Tom’s roadmap for building relationships, pitching effectively, and staying resilient through the licensing process.
The episode wraps up with an exciting Shark Tank-style bold bite – analyzing a tandem inflatable boogie board pitch, discussing patentability, and exploring how to protect unique product designs. 🦈 Tom and the hosts evaluate the business model, highlighting key lessons on the importance of patents and trade secrets for entrepreneurs.
Teasers:
Thinking of licensing your product? Discover the critical questions to ask during negotiations and how to make the right connections in your industry. Tom also reveals how securing a patent can unlock powerful licensing deals and explains why NDAs are more than just paperwork – they reveal a company’s true intentions.
Have an invention or brand to protect? Or just curious about learning more? Download our FREE Inventor Kit here: https://keap.page/gw292/inventor-kit.html
DISCLAIMER
Everything discussed on this podcast is for informational purposes only and not for the purpose of providing legal advice.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.