Patent valuation. I have a new product. I have the patents applied for, and I have data backing my claims. Now for the kicker. How do I evaluate the selling, licensing price of my intellectual property?
My guess is that I would use engineering economic fundamentals. I would take a similar product, look at their income stream, and try to do some cash flow diagrams that make sense. I would also have to take into consideration costs as well, mine and potential licensees/buyers.
I'm not sure if I want to sell or manufacture or both. Either way, I think I should estimate the value to be prepared to speak with investors and/or to speak with interested engineers.
I've researched many of the threads and web on this topic, but find it to be a grey area. How has this been done in the past? How much is soft, how much calculated?