I have a great original idea for a phone App...now what?

KingBlack

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I have a phone appointment tomorrow at 10am with Integral App Studio.
Integral App Studio

They pretty much do all the leg work with a team of 40-50 people, and take a cut.
I will speak with the owner tomorrow and discuss the idea and see what he says.
I submitted a form with a confidentiality agreement.


This is a copy of the agreement, and attorneys see anything fishy in there?
Confidentiality Agreement — Integral App Studio
I don't like the fact that all issues must be settled by arbitration, and on top of that, it must be done in Marin County (Bay Area). Mediation....well lets just say if it gets to that, best case scenario you leave the table just a little unhappy.
 

98 svt

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I don't like the fact that all issues must be settled by arbitration, and on top of that, it must be done in Marin County (Bay Area).


Is that a deal breaker for you?
Having to travel to Bay Area, I mean. Would I have an attorney do all that anyway though?
 

CobraBob

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Shark Tank/end thread
The sharks would maybe show interest IF it was beyond an idea/concept. They'd expect it to have been developed and tested, and that the financial profits were solid. I love that show, by the way. I watch it all the time.

@98 svt, I hope this works out well for you. Keep us posted.
 

apex svt

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Svtp member discount? This thread sucks, as I’m interested in details but you can’t disclose any. Best of luck.
 

98 svt

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Svtp member discount? This thread sucks, as I’m interested in details but you can’t disclose any. Best of luck.

Haha I know, sort of anticlimactic at this point, but the help has been great. Maybe after the consultation tomorrow I can disclose the idea, because some other asshole already came up with it 10 years ago and I'm just a dumbass.:rolleyes:

^^^^Most likely scenario^^^^


And **** yes, SVTP discount, one way or another.
 

blk02edge

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Haha yea id say 99.99% of the time if you thought of it someone else already has, I do wish you luck though and am quite curious with what you came up with.
 

98 svt

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Ok guys, spoke with the owner of Integral App Studio today. He was rather excited about the idea, and is 90% sure it has not been done yet. If it has been done, he said they are doing a poor job at marketing etc which is ok for me too.
He is going to do some research and get to me on Thursday at some point.
After I get an "ok" from him, I can hopefully let the cat out of the bag, and let you guys in on the deets.
Bottom line is, he told me I should start looking for a few investors that want to get in on this.
 

KingBlack

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Ok guys, spoke with the owner of Integral App Studio today. He was rather excited about the idea, and is 90% sure it has not been done yet. If it has been done, he said they are doing a poor job at marketing etc which is ok for me too.
He is going to do some research and get to me on Thursday at some point.
After I get an "ok" from him, I can hopefully let the cat out of the bag, and let you guys in on the deets.
Bottom line is, he told me I should start looking for a few investors that want to get in on this.
how much capital did he propose to you as a goal?
 

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