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The Truth About IP Investment: From Pop-Up Idea to Shark Tank
Manage episode 460430233 series 3459967
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Tyler Simmons, inventor of Bucket Golf, shares his journey from pop-up idea to Shark Tank success. He discusses how his backyard game for golfers and non-golfers alike grew into a multimillion-dollar business. Tyler reveals the challenges of bringing an invention to market, including patent considerations and the decision to invest in IP protection. He offers valuable insights on perseverance, product development, and navigating the entrepreneurial landscape. From shelving the idea to eventual triumph, Tyler's story is a testament to the power of persistence in the world of inventions and startups. #invention #SharkTank #patent #entrepreneur
#sharktank #ipinvestment #intellectualproperty #golfyardgame #yardgame
CHAPTERS:
00:00 - Intro
00:50 - What is Bucket Golf
02:41 - Are You a Golfer?
04:38 - Inspiration Behind Bucket Golf
07:38 - Demand for a Golf Set
08:47 - Recognizing Business Potential
10:11 - Entrepreneurial Aspirations
14:32 - Considering Intellectual Property
15:47 - Design Patent vs Utility Patent
19:36 - Patent Office Stories
20:18 - Shark Tank Decision
22:38 - Shark Tank Experience
26:34 - Sharks' Valuation Impact
29:00 - Walking Away Without Mark
31:17 - Unseen Moments on TV
31:25 - Major Breakthroughs
35:47 - Overcoming Challenges
38:20 - Motivation to Persist
41:20 - Advice for Entrepreneurs
42:58 - Status of Elevate Sports
43:47 - Connecting with Tyler
https://youtu.be/kNDGrtKQ-1A
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