• IdeaBuyer

Overview

IdeaBuyer has a rating of 4.67 stars from 123 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with IdeaBuyer most frequently mention purchase orders, and patent attorney. IdeaBuyer ranks 2nd among Manufacturing sites.

  • Service
    5
  • Value
    5
  • Shipping
    2
  • Returns
    2
  • Quality
    4
14
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What reviewers want you to know

Positive highlights

  • Idea buyer takes care of all the formalities that are needed to convert an idea into a product.

Critical highlights

No critical highlights yet

How would you rate IdeaBuyer?
Top Positive Review

“Idea Buyer is Great”

liessa m.
4/26/19

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.

Top Critical Review

“Class action lawsuit”

Adam a.
8/22/20

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.

Reviews (123)

Rating

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Reviews that mention popular keywords

idea buyer (63)
Thumbnail of user adama389
1 review
6 helpful votes
August 22nd, 2020

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.

Thumbnail of user dennys63
1 review
0 helpful votes
May 6th, 2022

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.

Thumbnail of user daisyp24
1 review
7 helpful votes
December 11th, 2019

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.

Thumbnail of user charless162
1 review
19 helpful votes
January 26th, 2017

I submit the information for my patented installation system for the Building Industry and received no response. I reached out via the contact us field/form on the website and sent two direct e-mails to an individual recommended on their voicemail. Still no response. They had no problem charging me through PayPal.

Thumbnail of user ericc72
Eric C. – IdeaBuyer Rep

Hi Charles - I believe you received a full refund, correct? You had purchased a listing service and due to a technical error, we refunded your listing fees. I want to make sure you received that from Paypal.

Thumbnail of user andyt100
1 review
6 helpful votes
September 23rd, 2019

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!

Thumbnail of user ericc72
Eric C. – IdeaBuyer Rep

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.

Thumbnail of user stephaniep278
2 reviews
5 helpful votes
December 2nd, 2019

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.

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From the business

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 are 100% not cut out for entrepreneurship."

The companies growth has disrupted an antiquated industry and ruffled some feathers. The company has been attacked by some competitors who have tried to copy it's style and method, but have been unable to replicate it's success.

The company is ranked in the 99th percentile in it's industry by SiteJabber compared to other companies in the industry.

The company has been named to Inc Magazine's Inc 500 twice and Inc 5000. Eric Corl currently serves as the company's CEO.

Business History

Idea Buyer, LLC has been in business since 2007. The company rates in the 99th% for customer satisfaction among customers surveyed and #1 in the prototyping and manufacturing industry.

Idea Buyer was founded by serial entrepreneur Eric Corl who led it's rapid growth. He currently serves as the company's chief executive officer.

History of Idea Buyer:

2004 - Corl purchases the domain.
2007- Idea Buyer launched as the first online marketplace to license and sell patents.
2010- Corl began working on launching Fundable.com
2012- Idea Buyer CEO Eric Corl named as one of the top 100 entrepreneurs under the age of 30 by the White House and UN.
2014- Eric Corl returns full time to focus on Idea Buyer.
2016- Idea Buyer is named as the 168th fastest growing privately held companies in the United States.
2017- Idea Buyer is named as the 196th fastest growing privately held company.
2018- The company is recognized on the Inc 5000 - joining the ranks of less than 5% who have hit the list 3 times.
2019- Eric joins the US Chamber of Commerce Main Street Leaders program.

Company Representative

Thumbnail of user ericc72
Eric C.
Owner
Eric Corl is the founder and CEO of Idea Buyer, LLC. The company has been helping bring new ideas to market for over a decade. You can view lots of great updates about Idea Buyer here - http://www.instagram.com/ideabuyerllc

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