A few of my friends and I are in the works for a social networking website like facebook.com that is geaerd towards a small local crowd. However, we have created a unique and effective method of advertising and find our system to be unique.
As we will be looking for Angel Investors, we will propose and reveal our entire site in a business proposal and was wondering what is the right process of doing this?
Should I be patenting this idea before I let the word out on everything? How much does patenting cost, and what is the turnaround for approval?
I find that we are tight on money. As we have already invested in a high grade server for our business, we may not even be able to get a patent done if the process is to costly. However, is this a necessary step or simply a recomended step?
Any links, suggestions, or feedback is extremely appreciated.
Kind Regards,
Danny