1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Billion Dollar Idea - How do you......

Discussion in 'BlackHat Lounge' started by trushafty38, Nov 19, 2010.

  1. trushafty38

    trushafty38 Regular Member

    Joined:
    Jul 24, 2009
    Messages:
    208
    Likes Received:
    99
    Occupation:
    I have many Hats, Including a black one.
    Location:
    My rep is ruined! lol
    If you had a multi-million dollar idea or possibly a billion dollar website idea. What would you do to protect it? You need investors also. How would you go about the process ?


    What steps should you take in order to insure that this idea isn't stolen.

    :D
     
  2. Hunwarrior

    Hunwarrior Jr. VIP Jr. VIP Premium Member

    Joined:
    May 12, 2010
    Messages:
    1,027
    Likes Received:
    859
    i have over dozen multi-million dollar idea.
     
  3. coxie

    coxie Registered Member

    Joined:
    Oct 18, 2010
    Messages:
    74
    Likes Received:
    11
    get a patent so nobody else can copy the idea
     
  4. CYBERTRON

    CYBERTRON Regular Member

    Joined:
    Dec 19, 2009
    Messages:
    481
    Likes Received:
    269
    Occupation:
    CPA Network
    Location:
    USA / Indonesia
    Home Page:
    Not tell anyone or do anything. This way there are no risks
     
    • Thanks Thanks x 1
  5. edgematch

    edgematch Elite Member

    Joined:
    May 24, 2010
    Messages:
    2,539
    Likes Received:
    1,949
    Occupation:
    You can never guess!
    Location:
    :noitacoL
    Everyday, not a dream or an idea, I get emails from my Nigerian friends telling me that I was chhosen to get £99,000,000.

    So I have never figured out something to make one billion dollar nor a protection method since all my money has been protected in a bank according to their sayings.:)
     
  6. biteablegravy

    biteablegravy Registered Member

    Joined:
    Oct 13, 2010
    Messages:
    86
    Likes Received:
    45
    What if you have a million $1 ideas?
     
  7. bertbaby

    bertbaby Elite Member

    Joined:
    Apr 15, 2009
    Messages:
    2,019
    Likes Received:
    1,496
    Occupation:
    Product marketing
    Location:
    USA
    Home Page:
    Ideas are worth nothing! Execution is king! Scale down your dream, look to a patent and if with some minor success reach out to VCs or get some angel funding. Once you get that funding plan on losing control of your baby.
     
  8. tutzor

    tutzor Registered Member

    Joined:
    Aug 13, 2008
    Messages:
    76
    Likes Received:
    9
    I actually have such idea, the real challenge is marketing it.
     
  9. the_demon

    the_demon Jr. Executive VIP

    Joined:
    Nov 23, 2008
    Messages:
    3,177
    Likes Received:
    1,563
    Occupation:
    Search Engine Marketing
    Location:
    The Internet
    My friend had this issue.

    (a) Hire a lawyer for sure. Save up $ if you don't have it.
    (b) Use NDA (non disclosure agreement)
    -----> FYI: most venture capital firms won't sign an NDA
    (c) document everything
    (d) setup a site and log their IP
    (e) ask permission first and record the call (required to ask and get permission by law in usa)
     
    • Thanks Thanks x 1
  10. CasinoJack

    CasinoJack BANNED BANNED

    Joined:
    Jan 17, 2009
    Messages:
    711
    Likes Received:
    1,418
    Ideas are a dime a dozen....

    Now test it, prove a model, now you have a business.
     
  11. HeroWillDrown

    HeroWillDrown Junior Member

    Joined:
    Nov 16, 2010
    Messages:
    116
    Likes Received:
    96
    If you really have a multi-billion dollar idea say like FB, watch the social network movie and learn the lessons :)
     
    • Thanks Thanks x 1
  12. trushafty38

    trushafty38 Regular Member

    Joined:
    Jul 24, 2009
    Messages:
    208
    Likes Received:
    99
    Occupation:
    I have many Hats, Including a black one.
    Location:
    My rep is ruined! lol

    Thank you, Great information. I already knew of the NDA. I know a few attorneys Ill see about writing one up for me. I have a few investors possibly. Which, ill have them sign the NDA. What if they go in with their friend and have everything in the other persons name. A NDA wouldnt really help me that much in this case.

    Any way around it?
     
  13. consciousnesscreates

    consciousnesscreates Power Member

    Joined:
    Feb 17, 2010
    Messages:
    695
    Likes Received:
    107
    Will cost ten mill to patent
     
  14. target

    target Newbie

    Joined:
    Dec 24, 2009
    Messages:
    15
    Likes Received:
    1
    lol..........
     
  15. Jason_parker700

    Jason_parker700 Regular Member

    Joined:
    Sep 27, 2009
    Messages:
    364
    Likes Received:
    110
    Occupation:
    Blackhatting
    Location:
    Mira Road
    you can only protect your idea till you haven't implemented it.