Has anyone had any experience with www.newideatrade.com? It purports to be a site where you can buy and sell ideas, and some of the listed ideas have prices in the $1,000,000 range.
I myself have an idea/invention/design that I’m certain could make someone a lot of money, but I really don’t have the time or resources to pursue it myself. If it’s legitimate, this NewIdeaTrade site seems like a valid option. There are a fair number of ideas listed for sale. My real question though: Is anybody buying?
I doubt it. Ideas are worthless. Everybody has them. It’s the execution, actually making it happen, where the value is. It takes money, luck and hard work.
Most people are just like you. They want someone else to do all the work and take all the risk.
Actually, I’d be pleased as punch to do the work and take the risk if I had some legitimate backing. In fact I’ve already invested a huge amount of time and a fair amount of money in the project. It’s fairly difficult, however, for an individual to not only design the product, but market and manufacture it as well. The web site claims to assist people with ideas in finding such backing, and I was wondering if anyone had any experience with it.
I still question whether that site is of any use. There seems to be no need for it. Sure the people looking for backing could use it, but I see no benefit to the ones willing to provide the backing.
I think your typical VC type firm gets thousands of ideas pitched to them for free anyway. Why would they pay for something they get for free now?