I have over 20 years of Software Development and 10+ Years of Project Development Management experience. I have plans to apply for two more Patents, (besides one Provisional Patent already applied). I have spent about 2500$ so far, but would like to find a way to share expense.
So, First I have to find a good Business Partner and Second I have to go seek Angel Investors. I was told by a successful businessman that a systematic way to start would be to get a few Patents (that way you show your credibility to the VC's) and then get initial Angel Investment (0.5M to 1.0M would suffice). Then get the product development going for a year, and right around the one year time period you can apply for Patent in USA, and other countries. Then seek VC money.
Any suggestions? Are there any myths here OR is this a good advice?