Goodwin Brooke Smith

Summary

Goodwin Brooke Smith,  How to Succeed as an Inventor

“ No avenue of business can open up the possibilities of such enormous honors and fabulous money returns as a real invention which is in universal demand. The discoveries of the past form a record which is not only glorious, but points the man of genius of today in an unswerving manner to the possibilities which the future holds, and which are vastly greater than anything which has gone before. ”
Source: Gutenberg

Goodwin Brooke Smith,  How to Succeed as an Inventor

“ In the year 1909, what chances do you think an inventor would have in starting a business in competition with the United States Steel Corporation, or the American Sugar Refining Company, or the Standard Oil Company, or the Pennsylvania Railroad Company, or the Paper Trust, or the Bell Telephone Company, or the Moving Picture Trust, or the American Can Company, or the Baldwin Locomotive Works? These enormous aggregations of brains and capital would make it quixotic to attempt to compete with them in the markets of the world. ”
Source: Gutenberg

Goodwin Brooke Smith,  How to Succeed as an Inventor

“ It has often been said that an inventor rarely underestimates the value of his patent. Associating with and meeting large numbers of inventors from time to time has convinced the writer that no one individual can give a reliable estimate of the value of anyone's invention. If an inventor desires to sell his invention outright, he should take into consideration, in fixing the price, just how much he spent on the development of the idea; how much money he actually spent in procuring the patent, building the models, and getting the invention into marketable shape. ”
Source: Gutenberg

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