Our Business Model
Our business model is simple. We employ a low cost overhead, high volume, “first to view” business model that supports the development of the invention industry worldwide. At InventBay.com we are inspired not only by the passion and commitment inventors have for their projects and the prospect of their ultimate success, but in the knowledge that new inventions, ideas and vision can bring new jobs, economic growth and even entirely new industries and prosperity to the public. We are proud of our balanced infrastructure, costs of services and the ability to attract business partners and capital.
Two important philosophies support our business model: a sincere unbridled commitment to the inventor and the invention industry worldwide; and knowledge of the importance of innovation to economics and the human race.
There are a few important facts that you should be aware of:
- InventBay.com is a publicly traded company. Symbol “INVB”.
More on this later but this is relevant to understand our business model.
- InventBay.com, by virtue of our business process, is “first to view” (FTV) every invention posted on the InventBay.com website.
- InventBay.com may selectively invest in inventions posted on our website.
When an inventor posts a project on InventBay.com he/she must do so via our website. There is a seven day mandatory time frame before the posting will go live on the InventBay.com website. The posting is first reviewed by staff for proper content and may also be reviewed by our internal investment committee. If the investment committee has interest in a specific invention, an offer is made to the inventor. Investment offers may include: capital, advice, payments to third parties (attorneys, mentors, consultants or other service providers) or other alternatives.
The inventor usually has 2-3 days to accept or decline the offer. If accepted, InventBay.com will retain no more than 20% of said project. InventBay.com will not exercise a day to day role in any project we invest in. InventBay.com will only act as a facilitator or expeditor to the Inventor and their project. Working with third party invention industry service providers, (not as an adversary) InventBay.com will coordinate, at the onset, a solution desired by the inventor -thus bringing their project to market in an efficient and effective manner.
Take, for example, the following scenario:
Mr. Brown from San Diego has a medical device he has just posted (for free) using the submit page on InventBay.com. Our staff reviews for proper content and then the project is reviewed by the InventBay.com investment committee. The investment committee approves an investment that includes some working capital directly to the inventor and payments to 4 service providers- an attorney, prototype maker, investment consultant and manufacturer. For this, InventBay.com receives 15% of the project. The Inventor accepts the offer and his project posting is then posted on the InventBay.com website. There is never any out of pocket cost to the inventor. All four service providers are eager to accept the work InventBay.com will be paying for. The inventor saves extensive time and frustration by not having to deal with these matters and their invention/project path for potential success is in place. InventBay.com staff will then monitor this investment from the “sidelines”. This is how we make money. We attract capital for these investments through the public marketplace via many avenues. Please keep in mind that the InventBay.com website provides significant exposure for all invention postings. Capital sources and third party providers visit the InventBay.com web site daily for opportunities.
Our business model not only supports the inventor but also the invention community as a whole by InventBay’s commitment to providing paid clients to third party industry providers; thus helping to grow and in some cases start new businesses.
As mentioned previously, InventBay.com is a public company. The InventBay.com Board of Directors believes the InventBay.com story should focus on the Inventors, not the company’s stock, therefore this page shall be the only mention that InventBay.com is publicly traded.
The invention industry is very fragmented with no one competitor having significant market share. Our relationship business model supports continued growth, improved profitability, and market share. InventBay.com will utilize strategic merger/acquisition activity to promote and sustain the growth of our business. We believe our low cost overhead, high volume, first to view (FTV) business model, that supports the development of the invention industry worldwide, is a sound one that will bring significant value to our shareholders as we build our inventory of projects.