As I seem to recall hinting in previous posts to this group, I've invented some new circuits for electric guitar which should turn the world upside down (in a good way).
The latest news is that I'm going to form a company in an effort to formalize the R&D process, get myself some liability protection, and make it much easier to handle investors. I am writing my business plan now, and I should know by the end of next month whether or not the government is going to allow me to do this while I receive benefits. If they don't, well, I'll have a very difficult decision to make. I expect to have a functional basic prototype within the next six months, unless things go horribly wrong. The fully fledged prototype, which includes some features not required for the core design, will be prototyped at some point thereafter.
I may use Kickstarter for funding at some point, depending on a number of factors which should become apparent by April. Let me know if any of you are interested in contributing to the development fund, and whether or not you're looking for something more than a simple donation.
Further research into the provisions of the America Invents Act which will take effect on March 16th has led me to postpone my invention efforts indefinitely. In short, it would be absolutely essential to patent my inventions at cost of 137.5% of my prototype budget (in process fees alone) before I could ever attempt to make any money. On top of that, I would need at least $50,000 in a legal defense fund in case an unscrupulous competitor utilized a new procedure to compel me to participate in a war of attrition.
If any of you want more information about the patent law changes to which I have alluded, let me know.
The prototyping is back on!
I realized that I had to at least give things a chance to go well. Furthermore, I have cut $1,800 from my prototype budget.
More news as it happens.
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