Lessons learned

  • It takes a lot longer than you think

  • Don't go it alone - network, network, network; grow a winning team

  • Find a patent practitioner who can understand your inventions

  • Keep on inventing and patenting - continue to improve your invention; develop a patent portfolio

  • It takes a lot more money than you think - do not borrow more than you can make payments on indefinitely; take advantage of I&I, SBIR, STTR, etc.

  • Licensing - find a tough business manager; approach manufacturers with a "hole" in their product line; get as much money up front as you can; ask for minimum royalty payments