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Serious Question, Looking for ways to fund development of a new device

Started by CuriousChris, August 01, 2022, 05:24:12 AM

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CuriousChris

For years I have lurked here and occasionally commented usually to call out bullshit claims. However, I have along the way had some ideas of my own which I now find myself in the position of having more free time to develop.

I recently retired from my government job as a cyber security specialist, however I am only borderline financial so can't afford to spend a lot of money developing a couple of my idea's. in other words I have more time than money.

My ideas are...
> an inertial drive
> permanent magnet motor (non electrical)

Its the permanent magnet motor I want to spend my time on.
So I am looking for ideas for how to raise some funding, even if its a trickle to keep things ticking over.

What I am considering at the moment is a youtube channel where I can show the process of designing and building a proof of concept and something like patreon for supporters to donate on a regular basis. however the biggest problem I have is getting a big enough following for it to work.

These systems all rely on social media, however I am not into social media and don't even have a facebook page.

So really looking for some constructive advice if any one has some experience or thoughts to share.

h20power

Hello Chris,


From my point of view a lot of the funds are going to have to come from your own pockets when starting off as I have folks have donated over $4k to my crowdfund page but I have had to spend close to $80k of my own money over the years as the cost to build things when they are one-offs are really high. Then you will run into minimum buy amounts when you go to purchase the materials you need and minimum make amounts on the things you need made that you aren't capable of making yourself. You will also have to buy, mostly with your own funds, the needed tools and equipment you need to build everything along with recording devices and programs so that you can share what it is you are doing to try and get folks to donate to the cause.
All the while you are going to have haters come in and tell people that what you are doing is foolish as it breaks the laws of physics and thus no one should support your work that you will have to learn to deal with as I have over the years. People who haven't performed a single experiment will be jumping into your social platforms putting in their own two cents of how they think things work, and/or why what you are trying to do will not work, and until you have a proof of concept model up and running you will find that in the social space their word will be as good as yours even though that is totally unfair.


I've been at this since 2006 and started asking for help back in 2015 if I remember correctly. It's a hard sell to try and get people to see your vision and the worth of the technology you are tying to bring to market. I have posted all the needed scientific proof of how the technology I'm pushing works and still someone that hasn't performed a single experiment will come in and toss a monkey wrench into the mix. Right now I am just about ready go to the next step of having a working model to show everyone as by accident I broke the little WFC I had working and thus haven't had anything to show since 2011 other than getting ever higher voltages being applied to the WFC and sharing the screen shots with everyone. But haters would then come in and tell people I was faking it and I had basically go to battle with them and take many more photos showing my work that they couldn't say was fake. And after all that they would just say I was faking it anyways and it would be up to the audience to choose to believe you or them.


I wish you the best of luck as I just posted this to let you know just what to expect as you move forwards with your vision.
Welcome to the war,
Edward Mitchell
CEO and Owner
True Green Solutions

CuriousChris

Thanks for your thoughtful response.
The hurdle I face and I am sure you did or do yourself is a lack of funds to do the self funding. How do you support yourself while developing the processes?

h20power

Quote from: CuriousChris on August 02, 2022, 07:49:14 PM
Thanks for your thoughtful response.
The hurdle I face and I am sure you did or do yourself is a lack of funds to do the self funding. How do you support yourself while developing the processes?


Hello Again,


I think it's something I learned while in college about the true meaning of time from a strict professor I had that has kept me going and it goes like this, "It maters not how long something will take you to do but only when that time comes around where will you be?" What this means is we are not in control of time but only in control of what we choose to do with it. I have been working on this technology for over 16 years now and only now am I just about ready to launch the technology. You see I learned from my professor that if I had chosen to do nothing instead then nothing would have been done and I'd have never solved this technology in the 16 years it took for me to solve it. That advice he gave me a long time ago gave me a true perspective about time. Thus I was willing to save my pennies over the many years it took for me to be able to purchase all the things I needed to be able to do for self with this technology. Sure 16 years is a lot of time but now that I have done what I set out to do I am at that point in the story where I chose to do what needed to be done and not just let time pass me by and can now start to reap the benefits of completing the task I set out to do so many years ago.


I had to sacrifice a lot saving and planning things out was hard to do but I kept my eyes on the prize as I knew from that instructor that if I did nothing then what ever time it would have taken me to complete the task would also pass me by but I'd be in a far worse place having not chosen to invest the time in achieving my goals as time truly waits for no man. There were many times I wanted to simply throw in the towel but what the professor told me was always in the back of my mind. I think this is what kept me going all of these years as the only thing I could control about time was what I chose to do with it. Thus I saved my pennies and used them wisely to buy the needed machines and tools to be able to cut out the middle men whom make it impossible for a small business to survive and thrive as they are dream killers. I haven't went on a vacation since 2009 as I saved all of my monies to get the things I needed to move forwards with this technology. You have to make a plan and stick to it no matter what as again you are not in control of time but only in control of what you choose to do with it. I made many sacrifices in order to get to where I am today with the technology and I think I owe all of that to one professor whom taught me the true meaning of time.


What you will find about people in these social platforms is that they want to see practically a finished product before they willing choose to donate to the cause. You will get some that will be able to see your vision but not many. Just make a good plan that you can follow living within your means and never look back as at the end the time it took for you to complete the mission is going to go by rather you choose to complete the mission or not. You see the true question is when that time comes around where will you be?


With me I am sure there are a lot of people that are praying that I don't succeed due to how they treated me in these online forums over the many years I have been at this but what they don't know is I have already succeeded as I just had to get what I needed to be able to build it correctly which took a lot of time and money as like you I am poor thus it takes more time for us to get things done. Know once you have a working model to show, people will then choose to support your cause. So, learn the ropes and stick to the plan as at the end your vision will prevail if you do just as mines is about to do now. 16 years is what it took for me to complete this mission and I know full well that I could have chosen to do nothing and have achieved nothing in all this time. But for what that professor told me was pertaining to him hearing students saying that it would take them too long to take all of the required courses not realizing that the time it would have taken them to take and complete those courses was out of their control. I just applied what he taught me about time to life in general.


I hope that helps in giving you the strength you need to keep things moving.
Take care,
Edward Mitchell
CEO and Owner
True Green Solutions

CuriousChris

Again Thanks.
It is true I prioritised other things. That was a conscious decision. I have had many ideas and inventions in the past and frankly wasted time working on them. So I decided the family came first. Now I am at the other end and my family is out of the nest and doing well, its time for me, within the limits my wife will accept.
I have waited long enough.

I am thinking of taking a leaf out of the new generation and live streaming while I work, see if I can pick up a few followers on the likes of tik tok and maybe twitch, then make video's as I reach certain milestones.
Good luck with your upcoming launch/revelation I'll look forward to it.