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by mrkurt
4465 days ago
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A conversation like that means there are other options: <Gbatteries> Our patented technology extends the charge-cycle life of standard lithium-ion batteries by at least 200%, and we can prove it.
<Investor> Great, we will invest, get a product to market and you can IPO in 2 years. It's why saying "yes" to an acquisition is so hard. There are always other options. |
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<Gbatteries founder 1> We need to patent our technology before we can talk to to anyone, otherwise they can steal our tech.
<Gbatteries founder 2> Great, let me check our startup bank account. We have... uh... $3000.
<Gbatteries founder 1> What? Filling a patent in the US and EU cost $5000 each including agent fees. Even if I use all my personal savings, how do we eat in the 6 months that it takes to get the patent approved?
<Gbatteries founder 2> ...