In this interview, inventor Erik Diedrichsen discusses the secrets to patent success and the challenges inventors face when protecting intellectual property. He shares his journey from shelving an idea to turning it into a multimillion-dollar business and talks about battling knockoffs, navigating lawsuits, and working with attorneys. Eric highlights the importance of investing in the right patent strategy, tackling counterfeit products from China, and the lessons learned in maintaining a competitive edge. If you've ever wondered how to protect your invention or deal with knockoffs, this is a must-watch! #patent #invention #lawsuit #money #million #investing #attorney #china #victory #multimillion #shelving #win #inventions
#trademarkregistration #patentmanagement #patentstrategy #intellectualpropertystrategy #trademarkbasics
CHAPTERS:
00:00 - Intro
01:17 - Eric's Product
04:56 - Learning on the Fly
12:05 - Filing More Patents
16:43 - Knockoffs and Infringement on Amazon
21:24 - Enforcing Your Patents
23:35 - Enforcing Patents on Amazon
24:15 - Understanding TTRO
27:04 - Additional Steps Taken
32:14 - Benefits of TTRO
35:28 - Getting on Shark Tank
38:50 - Pre-show Connections with Sharks
41:00 - Execution Challenges for Ideas
46:10 - Business Challenges and Breakthroughs
48:35 - International Patents Overview
51:12 - China's IP Attitude
55:55 - Campaign for Made in the USA
57:23 - US-China Trade War Insights
1:00:59 - Purchasing the Real Poultry Pro Feeder
1:01:48 - Outro