I am seeking a $2M investment to take my patented product to the next level. I have been told my product is unique and can be used in a variety of industries by both commercial and residential users.
One third of the investment will be used on intellectual property to take out patent in various jurisdictions (20) which in effect covers just over 5 billion people of the world's population. I will also be using the funds for obtaining trademarks in each of these jurisdictions and the establishment of legal entities.
One third will be used for manufacturing of products and the remainder to be used for working capital.
I have prototypes and potentially a huge market and although there are competitors, my product does much more than theirs providing many features that they are unable to provide and various more uses than their product. It is the Rolls Royce in its industry and yet comparably similar in pricing to produce and as such competitively priced.
I do not want to sell my soul. I would also be seeking to eventually buy back the equity. How much equity do I give investors?