inside inventionland

by:kingtool aluminium machinery     2020-05-13
Davidson designed and developed the outside of the headquarters to look like most other warehouses in northern Pittsburgh.
However, following the founder George Davidson III in, when he pressed the button, the bookshelf of a large showroom slid open, revealing not the bat cave, but the 60,000-square-foot fantasy world.
There, 230 employees worked between a castle, a pirate ship, a tree house and other children\'s toys.
Davison, 42, is energetic and has spent 17 years building a business that essentially sells hope to inventors.
His company will build a prototype in a fee-based manner and then go around.
If a company bites, Davidson shares royalties with the inventor.
He said his store earned $2 million last year and $25 million.
The sign at the top of the entrance says: \"exceptionland.
It is possible to dream here.
\"So it\'s obviously a nightmare.
A federal district judge in western Pennsylvania. -
In response to the Federal Trade Commission\'s 1997 lawsuit against the company. -
The inventor was ordered to repay $26 million.
He said the victims were misled by false claims from Davidson design ---
Including the selectivity of a false statement Company in choosing to cooperate with the invention, making misleading commitments that are closely linked to the manufacturer, and falsely claiming that the company\'s revenue comes from sharing royalties with the inventor, instead of charging inventors $800 to $12,000.
Davison Design appealed and was fined by the Court of Appeal on July.
The company filed a briefing with the court of appeal in early October, but Davidson said a settlement hearing could be held.
A lawyer from the Federal Trade Commission said it would submit a briefing on November.
According to George Davidson, his company receives calls every month from about 55,000 inventors across the United States. S.
Ask for help and turn their ideas into marketable products.
Most people find him online, he said (
Through ads on Google)
Or in the category section of popular science, Popular Mechanics, American babies and Field & Stream.
Inventors pay $800 to see if their ideas conflict with existing patents and if there is a potential market.
If an invention passes these barriers, Davison Design will charge $10,000 or more to make a product prototype. It takes time.
To make a gadget called tank pump n\' Pour, a round hard plastic ring with a rubber cover that keeps the soda in the open soda tank, davison engineer before forming properly, the machine was made with its own mold and went through 30 different versions.
For the bicycle board, the intersection between the skateboards (in the rear)and a bike (There is a tire in front)
R & D Group uses plasma cutting machine on metal, tube-
Bending and welding machines to make curves fashionable.
Once the prototype is completed, the company searches for the company\'s licensee and then reserves 10% to 20% royalties.
According to Davison, in addition to spitting out 200 prototypes every month, he issued a product license every three days. Successes?
In the showroom next to exceptionland, Davison shows some of the items that have been licensed.
There\'s a Swiss Army knife built in.
Whistle warning;
There is a plastic Magna tank with a magnet on the lid for storing nails and screws;
And a rubber oil filter holder, which is a pit for people who remove the hot filter from the car\'s engine.
While Davidson says that Home Depot is doing a private thing, none of them are a hit.
Label version of Magna jar. By law--
American inventor Protection Act 1999-
The company\'s website must disclose its average hit score.
In this case, about 37,000 people have signed up for Davison Design\'s services in the last five years;
But only eight registered people realized that the royalties paid to Davidson exceeded their fees.
If these possibilities are not frustrating enough, please consider this from a document ordered by the federal judge of Pennsylvania to be sent to the inventor: As of the end of October, only 0.
001% of Davison\'s revenue comes from royalties on licensed products.
Assuming the company has no problem with the decimal point, the royalties business provides Davidson with $250 in sales each year. (
Probably close to $25,000. )
The $ month pump n\' can be poured on the tissue.
Linen and some grocery stores.
You can buy a bicycle board ($70 and up)
At the sporting goods chain and the FAO Schwartz.
But to get rich quickly-or even slow?
The inventor of the bike, John Iavarone, admitted that he made some money, but not millions of dollars.
\"I am very satisfied,\" he said . \"
\"It\'s enough to just see your product on the shelves.
\"Iavarone has reached a separate agreement with a Chinese manufacturer and is now trying to sell his company.
Other customers of Davison are not satisfied. Kam J.
Henson, a pharmaceutical salesman from Boise, Idaho, came up with the shoe. Vine--
A bunch of removable shoe trees that can be hung on the door or mounted on the wall of the closet--
He said he bought a prototype for $8,000 in 2003.
Davidson told him he would target Richards household items in Portland, Oregon.
, Which makes storage products.
Henson claimed he was told not to contact Richards directly.
\"This is a very good sales pitch,\" Henson said . \".
\"I mean, I do sales.
Later, a Davidson employee told Henson that Richards was not interested in it.
But he asked for a few hundred dollars. -
As a cost of \"repackaging--
Target another manufacturer
Henson sent the money, but became suspicious when the UPS tracking sheet said the prototype weighed less than a pound.
He did not think the product samples could be so light.
Henson finally called Richards home products to talk to Robert freelancer, the company\'s president, and he assured him that he had never received a prototype.
Henson repeatedly called Davidson design and asked it to send his prototype back, but he said no one had called him back.
\"I\'m completely finished,\" he said . \"
After Forbes questioned Davison Design, the company sent him a prototype (
More than a pound);
Henson said no.
Davison explained that he never promised to be welcomed by manufacturers in terms of successful inventions: \"We will be in the 1% area,\" he said.
Mark Nexen is not happy either. The Garner, N. C.
Master of a family
For a prototype he invented, about $9,000 was invested in improving the business ---
Color Link is a desktop keyboard that illuminates keys in four different colors to help people learn to type.
He was told the idea would be rolled out to Spec Research, an industrial city in California.
Manufacturer of PC peripherals.
Nexen said that after his shot
Next, Davison Design decided to target a company called Arista annises. Y.
Audio products manufacturers such as cable connectors--
But not the keyboard.
Arista refuses to license the color link.
Nickerson said Davison Design asked him to come up with more money to chase another company, and someone from Davison told him they had targeted 76 times and the result was zero.
\"It\'s impossible, I won\'t give you another penny,\" Nickerson recalls . \" He told Davison\'s staff.
Nickerson said he called Arista and found his keyboard in an unopened FedEx box.
\"This person from Arista told me that my presentation was on a spreadsheet with a lot of other things on it.
\"I was under the impression that this would be handled with children\'s gloves,\" Nexen said . \" He had hoped he would make millions of dollars from his keyboard.
Many others complained about the company on the RipoffReport website. com.
George Davidson insisted that he was working on these issues.
In a letter sent to the website, he offers a full or partial refund to unhappy customers ---
If he finds the complaint valuable.
This proposal may make some people complete.
But for most people it won\'t change the odds over the long term
Thomas Edice.
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