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The company exhibits a divided reputation, with some customers praising its supportive approach and ability to help bring ideas to market successfully, highlighting quality service and effective communication. However, a significant number of reviews express serious concerns regarding financial mismanagement, lack of responsiveness, and allegations of deceptive practices, including bankruptcy filings to evade refunds. The contrasting experiences suggest a need for improved customer service and transparency, as well as a more consistent delivery on promises, to foster trust and enhance overall satisfaction among clients.
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This stupid company took 10k from me and never got my product out they just stoled my money never called me never emailed me back drove all the way to Ohio know I'm from Wisconsin and nothing got done Eric dint even show up was very upset and I wanted my money back they never gave it to me then find out that they filed for bankruptcy so $#*! this company and also Eric and everyone else that stole me from me and hundred of other people. I hope nothing but the worst for you just how you did all of us that trusted you.
I have set up the appointment on 5/4 and I also receipt the invitation. After that they canceled it on their own behalf. I'm just they will copy my invention or try to make their own prototype based on my invention description. Well, I have the copy and screenshot the date I submitted to them.
After numerous complaints the district attorney's office has filed a class action lawsuit against this company and their response was to of course declare bankruptcy so they don't have to give the money back to all the people they stole it from. Such cowards. That's why it says their business is permanently closed on their website. They've change names so many times to avoid their shady past. Don't do business with them ever. That's $8000 I would never get back. Sad.
Over $800,000 taken from those who trusted him with their ideas. Eric Corl's idea was to take the money and shut down... and walk away without accountability. Loser with no moral character.
I was extremely unsatisfied with Idea Buyer. IN MY OPINION, promises made to me were not kept. I am trying to reach anyone at the company that will help me as I want things to be rectified.
It's impressive to talk to one of the guy, seems like is is good and willing to help the new bee :)
This company conned me for over 30,000 to build my app. After they built it it went on the app store. When I would question where and when my money would start coming in they transferred me from person to person. Then there attorney Mike Schadek hit me with a cease and decist and said any contact could result in a police arrest. How convenient run with my money and my idea and to this day never paid me a penny. Lol Eric Corl is an absolute joke. Also he will tell you he's affiliated with shark tank and the only person he's affiliated with is the homeless. Trust me run from this company!
The Idea buyer representative was knowledgeable and explained everything totally. It's totally straightforward to induce in contact with them. If I ever have any queries, I continually offer them a decision and they are terribly careful.
Fantastic team! Always willing to do whatever it takes to get the job done right. Would highly recommend these guys!
Idea Buyer allows me to focus on my skill strengths in running my business, while caring for my graphic technology and social media needs.
Idea Buyer has transformed the look and feel of our business website. We instantly became more visual, interactive and user friendly. Most importantly we became more compatible with different digital devices and all the social mediums. Lastly, Dan was always available and helpful with my questions and concerns. His counsel was always well thought out and presented.
Everyone at Idea Buyer has been very helpful, kind, and professional. I've had an excellent experience from them.
Idea buyer takes care of all the formalities that are needed to convert an idea into a product. They make the agreement with the client. Communication is an important part of the deal.
I was told I wasn't ready for their program but they were still extremely helpful to me and my wife. Due to the efforts of Idea Buyer, we have received purchase orders for our products from 5 stores.
My experience with ideabuyer was great. I really appreciate the time taken to ensure long term success for my product there's no way I could have gotten a full vision and applications needed in order to fulfill my dream. Thank you to the entire Idea Buyer Team for believing in me and thanks so much for all the hard work put forth on my project.
A standout amongst the best choices of my life was posting my patent on thought purchaser; Idea Buyer group has transformed us. Much thanks!
The Idea Buyer reps helped me understand how they will be able to work with me and help me through for my idea and invention. The service is wonderful.
Idea Buyer provide an excellent environment for any new entrepreneur to be succeeded in their dreams.My experience with ideas buyer has been great. They have brought success to our doors.
Idea Buyer has served many clients all over the world. Their unique strategy has helped many people in successfully converting their ideas into business. I am very thankful to them.
They are very professional at what they do. I call their reps up every so often and they inform me on the progress. The service from Idea Buyer has been great and I've no complaints at all.
Answer: No, they have just taken our money :(
Answer: Hi Mike, Please message me your email and I can send a portfolio of example products. You can also search for us on Entrepreneur.com.
Answer: Hi Toni - All submissions are 100% confidential but certainly feel free to keep your submission vague. If you'd like our team to email you an nda prior to a discussion, you can email info@ideabuyer.com and we'll get back to you shortly! I hope that answered your question! Feel free to send any other questions with your email request for the NDA so we can get back to you quickly. Thank you!
Answer: Here is a quick excerpt from the guide; What is Patent Licensing? Legally speaking, you have licensed your patent when you (the licensor) grant exploitation rights over your patent to a licensee (the person you are licensing it to.) Exploitation rights simply means the right to create, market, and/or sell something based on what that patent protects. A license of this nature is also a legal contract, and that contract is what will spell out in concrete terms precisely which exploitation rights are being granted. These include any performance obligations the licensor might demand of the licensee. This means that if any performance obligations are included in the contract (ie, You must produce X number of sales by the year X.), and they are not met, this could lead to the patent licensing being terminated in its entirety. In this context, a license is also revocable ie, cancellable if certain terms and conditions are not met. This is a common characteristic of legal contracts in general, with special ramifications for patent licenses. The only way to grant someone irrevocable exploitation rights, it should be added, is to assign them the patent. Assignments, however, are permanent. They entail the sale or outright transfer of the patent by the assignor to the assignee. An in-depth exploration of patent assignments is beyond the scope of this article, but just know that they are an option if irrevocable exploitation rights are something you seek.) We hope that is helpful.
Answer: Hi Nick, We are a vertically integrated team that can do everything from engineering, IP protection, and production quality prototypes to getting purchase orders from major retailers.
Answer: Hi Ashley, First, you want to make sure your product is unique and solves a problem. Then, you want to research the market and make sure it is unique and growing. If it meets those first two criteria, it may make sense to continue further. You'll want to look at the complexity of getting it produced and competing products in the market. If it isn't reasonable that you could work with companies to get it to the point of a production quality prototype then it may not make sense to move forward. You'll want to work with a team that understands the importance of protecting your IP (and the steps needed to get their with engineering) and the commercial viability of your potential product.
Answer: All of the products we work with are new products. I hope that answers your question.
Answer: Hi Gilles, Do you have a patent, inventory, and existing sales?
Answer: Extremely expensive & required up front
Answer: Thank you
Idea Buyer is the #1 ranked new product development company in the United States.
Idea Buyer partners with entrepreneurs to help them turn ideas into businesses. The company is based out of Dublin, OH, and was founded by serial entrepreneur Eric Corl in 2007. The company has been recognized three times as one of America's fastest growing privately held companies in the United States by Inc Magazine. Idea Buyer has also received recognition from the likes of Entrepreneur.com, The US Chamber of Commerce, Bloomberg, the White House, and more.
Eric Corl states, "The more we've grown, the more success we've had, the more we've learned from our failures and successes. We've become more and more selective of our partners given the nearly 40 bad ones we've had over 12 years. Our satisfaction rating is over 97% but that 3% really frustrate me because our team works so hard on every project. We would rather not work with you than have any chance that there are issues six months in. Some people...
According to Idea Buyer records, there is a large outstanding balance on this account. As outlined in capital letters in Mr. Toth's agreement, Idea Buyer does not and cannot guarantee financial gain or success. We do however believe that this specific app has great potential, however much of any business' growth is reliant upon the entrepreneur(s) behind it.
Further, our records indicate that attorney involvement was a result of Mr. Toth's threats to physically harm Idea Buyer employees.
As stated in the FAQ section of the website, Idea Buyer makes no claim to be affiliated with Shark Tank:
"Idea Buyer is a product and technology development company that helps entrepreneurs develop and prepare their ideas for market. No matter the stage of the idea, Idea Buyer can help prepare your business. While there is no direct affiliation with the TV Show, Shark Tank, Idea Buyer helps position entrepreneurs for investment opportunities. As of 2019, Idea Buyer has worked with several entrepreneurs that have been involved with Shark Tank."
Should Mr. Toth like to make payment and code transfer arrangements, Idea Buyer is happy to oblige.