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by brandon272
1412 days ago
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The risk of someone ripping off your idea, designs, etc. has always existed, exists now more than ever with the internet, yet it doesn’t seem to stop people with ideas from trying to take those ideas to fruition. I’ve never talked to any rational person with an idea they were passionate about who said they weren’t interested in continuing with it because someone else might steal it. |
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A primary concern of any investor is whether you have a defensible 'moat" for your product or service - can you make something that will then have a high barrier to entry of competitors.
If you cannot articulate how you will have reasonably solid protection from patents. copyright, or trade secret practices, good luck getting investment.
Your only strategy will be to somehow make & stock ready to ship as much of your easily copied product as you can before promoting it, and hope your promotion, marketing, and initial sales are a huge hit BEFORE some Chinese rip-off artist starts marketing it on AliBaba in single-digit days. I've read of cases where people had their product literally found for sale on Chinese sites before their first marketing & customer shipments started, because the design was ripped off from the factory.