Is it worth licensing my patent tech for quick revenue?
Are there any other potential pitfalls I'm not seeing to licensing my tech to an eCommerce platform? I have a unique patent and while the cash inflow would be nice I'm also giving away my competitive advantage to a company that already has thousands of customers built in that I would miss out on converting as my customers. Just curious to get some thoughts on licensing and seeing if its worth it. Thanks!
Hey @Max, would you mind giving us a little bit more information on the type of IP you are trying to license? You need to determine who you will be trying to license this tech to, are they interested, what the size of the market is, what your price-point would be so that it is worth-it for both yourself and the purchaser.
Is there a reason you are not wanting to keep the IP and compete with those larger players? If it is such a benefit, you should think about the pros/cons of losing that competitive advantage. I am interested in hearing more, with more information I can better guide you on what I see as the most beneficial for you. DM me and we can talk more.